Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE HealthCare
GEHC
|
+$484M |
| 2 |
Microsoft
MSFT
|
+$417M |
| 3 |
Amazon
AMZN
|
+$365M |
| 4 |
Apple
AAPL
|
+$357M |
| 5 |
Merck
MRK
|
+$311M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$420M |
| 2 |
SIVB
SVB Financial Group
SIVB
|
+$288M |
| 3 |
Philip Morris
PM
|
+$246M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$228M |
| 5 |
Meta Platforms (Facebook)
META
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.14% |
| 2 | Healthcare | 13.96% |
| 3 | Financials | 12.57% |
| 4 | Consumer Discretionary | 10.55% |
| 5 | Industrials | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
Quaker Houghton
KWR
$2.94B
| $50.5M | 0.01% |
255,245
+11,053
| +5% | +$2.11M |
|
|
CFLT
1177
DELISTED
Confluent
CFLT
| $50.5M | 0.01% |
2,096,617
+70,183
| +3% | +$1.63M |
|
|
SFBS
1178
ServisFirst Bancshares
SFBS
$4.94B
| $50.4M | 0.01% |
923,475
+42,840
| +5% | +$2.87M |
|
|
SEM
1179
DELISTED
Select Medical
SEM
| $50.3M | 0.01% |
3,614,090
+187,064
| +5% | +$2.75M |
|
1180
Coca-Cola Consolidated
COKE
$12.3B
| $50.3M | 0.01% |
940,070
+34,590
| +4% | +$1.79M |
|
1181
Moelis & Co
MC
$5.14B
| $50.2M | 0.01% |
1,306,547
+17,009
| +1% | +$731K |
|
1182
Huazhu Hotels Group
HTHT
$13B
| $50.1M | 0.01% |
1,028,073
+19,312
| +2% | +$935K |
|
1183
ICU Medical
ICUI
$4.16B
| $50.1M | 0.01% |
303,486
+9,200
| +3% | +$1.58M |
|
1184
Installed Building Products
IBP
$6.51B
| $50.1M | 0.01% |
439,006
+19,100
| +5% | +$2.06M |
|
1185
SLM Corp
SLM
$5.16B
| $50M | 0.01% |
4,034,533
-170,462
| -4% | -$2.52M |
|
1186
Columbia Sportswear
COLM
$2.93B
| $50M | 0.01% |
553,603
+16,059
| +3% | +$1.44M |
|
|
RETA
1187
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $49.9M | 0.01% |
549,313
+23,197
| +4% | +$1.36M |
|
1188
Commault Systems
CVLT
$5.52B
| $49.9M | 0.01% |
879,806
+40,061
| +5% | +$2.39M |
|
1189
Atlantic Union Bankshares
AUB
$6.11B
| $49.9M | 0.01% |
1,424,153
-16,065
| -1% | -$594K |
|
1190
Vaxcyte
PCVX
$8.07B
| $49.8M | 0.01% |
1,329,339
+77,906
| +6% | +$3.3M |
|
1191
Innospec
IOSP
$2.27B
| $49.8M | 0.01% |
484,895
+23,672
| +5% | +$2.55M |
|
1192
Cathay General Bancorp
CATY
$4.29B
| $49.8M | 0.01% |
1,441,875
+22,981
| +2% | +$944K |
|
|
SPR
1193
DELISTED
Spirit AeroSystems
SPR
| $49.8M | 0.01% |
1,441,128
+55,611
| +4% | +$1.87M |
|
1194
Brady Corp
BRC
$4.62B
| $49.7M | 0.01% |
925,920
+3,881
| +0.4% | +$203K |
|
|
AYX
1195
DELISTED
Alteryx Inc
AYX
| $49.7M | 0.01% |
845,285
+32,764
| +4% | +$1.91M |
|
1196
XPO
XPO
$23.4B
| $49.7M | 0.01% |
1,558,124
-145,802
| -9% | -$5.25M |
|
1197
Itron
ITRI
$4.62B
| $49.7M | 0.01% |
896,015
+34,595
| +4% | +$1.91M |
|
1198
Outfront Media
OUT
$5.64B
| $49.5M | 0.01% |
3,100,342
+110,873
| +4% | +$1.94M |
|
1199
MaxLinear
MXL
$6.12B
| $49.5M | 0.01% |
1,405,339
+63,607
| +5% | +$2.3M |
|
1200
Patterson-UTI
PTEN
$3.62B
| $49.5M | 0.01% |
4,228,049
+180,510
| +4% | +$2.64M |
|
Similar funds
Geode Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Geode Capital Management held 4,968 positions worth $770B, up 8.1% from $713B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q1 2023: portfolio turnover was 4.6%. Geode Capital Management opened 69 new positions and exited 162, leaving the 4,968-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2023 buy was GE HealthCare: 6,775,612 shares worth $554M.
- Geode Capital Management added most to Microsoft in Q1 2023, an estimated $417M increase.
- Geode Capital Management's biggest Q1 2023 reduction was GE Aerospace, cutting an estimated $420M.
- Geode Capital Management fully exited SVB Financial Group in Q1 2023, selling an estimated $288M.
- Geode Capital Management's ten largest holdings make up 23% of its $770B portfolio in Q1 2023.
- Geode Capital Management opened 69 new positions and closed 162 in Q1 2023.
- Geode Capital Management's portfolio value rose 8.1% quarter-over-quarter to $770B.
Based on Geode Capital Management's 13F filing for Q1 2023, filed 15 May 2023.