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 | |
|---|---|---|---|---|---|---|
1201
Denali Therapeutics
DNLI
$3.88B
| $49.4M | 0.01% |
2,146,172
+96,215
| +5% | +$2.65M |
|
1202
Kadant
KAI
$3.98B
| $49.4M | 0.01% |
237,014
+3,822
| +2% | +$776K |
|
1203
Credicorp
BAP
$31.4B
| $49.4M | 0.01% |
375,184
+19,797
| +6% | +$2.66M |
|
1204
Cracker Barrel
CBRL
$1.31B
| $49.2M | 0.01% |
433,079
+15,103
| +4% | +$1.65M |
|
1205
RB Global
RBA
$17.8B
| $49.2M | 0.01% |
873,963
+525,645
| +151% | +$31M |
|
1206
GlobalFoundries
GFS
$27.1B
| $49.1M | 0.01% |
679,976
+13,790
| +2% | +$871K |
|
1207
SITE Centers
SITC
$172M
| $49.1M | 0.01% |
5,121,019
+112,205
| +2% | +$1.14M |
|
1208
Integer Holdings
ITGR
$4.24B
| $49M | 0.01% |
632,004
+29,460
| +5% | +$2.16M |
|
1209
Kemper
KMPR
$1.72B
| $48.9M | 0.01% |
894,976
+26,646
| +3% | +$1.54M |
|
1210
CNO Financial Group
CNO
$5.16B
| $48.8M | 0.01% |
2,200,527
+89,527
| +4% | +$2.14M |
|
1211
Magna International
MGA
$19.2B
| $48.8M | 0.01% |
905,672
+47,858
| +6% | +$2.77M |
|
1212
Macerich
MAC
$7.2B
| $48.8M | 0.01% |
4,604,520
+180,600
| +4% | +$2.14M |
|
1213
Cactus
WHD
$5.28B
| $48.8M | 0.01% |
1,183,636
+117,576
| +11% | +$5.68M |
|
1214
Ingevity
NGVT
$2.65B
| $48.8M | 0.01% |
681,975
+33,209
| +5% | +$2.64M |
|
|
THS
1215
DELISTED
Treehouse Foods
THS
| $48.7M | 0.01% |
966,051
+37,998
| +4% | +$1.84M |
|
1216
Madison Square Garden
MSGS
$9.42B
| $48.7M | 0.01% |
249,905
+6,040
| +2% | +$1.12M |
|
|
TPH
1217
DELISTED
Tri Pointe Homes
TPH
| $48.6M | 0.01% |
1,920,811
+82,322
| +4% | +$1.86M |
|
1218
White Mountains Insurance
WTM
$5.23B
| $48.5M | 0.01% |
35,223
+1,259
| +4% | +$1.81M |
|
1219
Sonos
SONO
$1.88B
| $48.5M | 0.01% |
2,471,665
+114,915
| +5% | +$2.19M |
|
1220
Four Corners Property Trust
FCPT
$2.77B
| $48.3M | 0.01% |
1,797,357
+67,701
| +4% | +$1.87M |
|
1221
Alarm.com
ALRM
$2.8B
| $48.2M | 0.01% |
958,881
+48,348
| +5% | +$2.49M |
|
1222
Progyny
PGNY
$2.46B
| $48.2M | 0.01% |
1,500,089
+62,799
| +4% | +$2.07M |
|
|
PRFT
1223
DELISTED
Perficient Inc
PRFT
| $48.2M | 0.01% |
667,119
+23,917
| +4% | +$1.75M |
|
1224
Papa John's
PZZA
$979M
| $48.1M | 0.01% |
642,190
+22,540
| +4% | +$1.91M |
|
1225
Extreme Networks
EXTR
$3.43B
| $48.1M | 0.01% |
2,513,130
+89,007
| +4% | +$1.64M |
|
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.