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 |
NVIDIA
NVDA
|
+$1.81B |
| 2 |
Microsoft
MSFT
|
+$1.34B |
| 3 |
Apple
AAPL
|
+$1.25B |
| 4 |
Amazon
AMZN
|
+$1.17B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$480M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLK
Splunk Inc
SPLK
|
+$373M |
| 2 |
Amgen
AMGN
|
+$204M |
| 3 |
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
|
+$180M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$160M |
| 5 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.47% |
| 2 | Financials | 12.91% |
| 3 | Healthcare | 12.22% |
| 4 | Consumer Discretionary | 10.6% |
| 5 | Industrials | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Boot Barn
BOOT
$4.95B
| $62.2M | 0.01% |
653,405
+25,205
| +4% | +$2.08M |
|
1202
Evertec
EVTC
$1.78B
| $62.2M | 0.01% |
1,557,725
+68,170
| +5% | +$2.69M |
|
1203
Hecla Mining
HL
$11.3B
| $62.1M | 0.01% |
12,916,021
+339,417
| +3% | +$1.35M |
|
|
DOOR
1204
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $62.1M | 0.01% |
472,334
+8,537
| +2% | +$962K |
|
1205
Griffon
GFF
$4.86B
| $62.1M | 0.01% |
846,480
-27,547
| -3% | -$1.8M |
|
1206
CRISPR Therapeutics
CRSP
$5.17B
| $62M | 0.01% |
909,298
+25,569
| +3% | +$1.83M |
|
|
PPLI
1207
People Inc
PPLI
$3.1B
| $62M | 0.01% |
1,416,334
+56,765
| +4% | +$2.45M |
|
1208
Marqeta
MQ
$1.66B
| $61.9M | 0.01% |
2,596,925
+66,958
| +3% | +$1.66M |
|
1209
InterDigital
IDCC
$8.89B
| $61.9M | 0.01% |
580,957
-37,426
| -6% | -$3.96M |
|
1210
Riot Platforms
RIOT
$7.76B
| $61.8M | 0.01% |
5,050,346
+301,166
| +6% | +$3.92M |
|
1211
ABM Industries
ABM
$2.84B
| $61.8M | 0.01% |
1,385,476
-22,359
| -2% | -$937K |
|
1212
ICF International
ICFI
$1.72B
| $61.8M | 0.01% |
410,047
+13,579
| +3% | +$1.97M |
|
1213
Cathay General Bancorp
CATY
$4.24B
| $61.7M | 0.01% |
1,632,015
+44,470
| +3% | +$1.8M |
|
1214
10x Genomics
TXG
$6.61B
| $61.7M | 0.01% |
1,643,153
+55,338
| +3% | +$2.43M |
|
1215
Quaker Houghton
KWR
$2.92B
| $61.5M | 0.01% |
299,677
+9,004
| +3% | +$1.79M |
|
|
CCC
1216
CCC Intelligent Solutions
CCC
$4.08B
| $61.3M | 0.01% |
5,127,155
+1,154,586
| +29% | +$13.2M |
|
1217
Gibraltar Industries
ROCK
$1.49B
| $61.3M | 0.01% |
761,029
+32,894
| +5% | +$2.62M |
|
1218
Urban Outfitters
URBN
$6.59B
| $61M | 0.01% |
1,403,864
+41,682
| +3% | +$1.71M |
|
1219
Flywire
FLYW
$2.16B
| $60.9M | 0.01% |
2,455,439
+93,716
| +4% | +$2.19M |
|
1220
ManpowerGroup
MAN
$2.63B
| $60.9M | 0.01% |
783,988
-11,455
| -1% | -$852K |
|
1221
StoneCo
STNE
$2.58B
| $60.9M | 0.01% |
3,663,220
+122,251
| +3% | +$2.1M |
|
1222
WIX.com
WIX
$2.52B
| $60.5M | 0.01% |
441,756
+16,056
| +4% | +$2.11M |
|
1223
Kratos Defense & Security Solutions
KTOS
$11.4B
| $60.5M | 0.01% |
3,288,691
+437,268
| +15% | +$7.97M |
|
1224
CorVel
CRVL
$3.19B
| $60.4M | 0.01% |
688,806
+28,926
| +4% | +$2.33M |
|
1225
Century Communities
CCS
$2.03B
| $60.4M | 0.01% |
625,376
+17,543
| +3% | +$1.54M |
|
Similar funds
Geode Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Geode Capital Management held 4,738 positions worth $1.08T, up 13% from $956B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Geode Capital Management deployed $32.6B of net new capital in Q1 2024, opening 85 new positions and adding to 3,720 existing holdings. Its largest new stake was Solventum: 2,733,775 shares worth $0.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Amgen, an estimated $204M trimmed.
- Geode Capital Management's largest Q1 2024 buy was Solventum: 2,733,775 shares worth $0.
- Geode Capital Management added most to NVIDIA in Q1 2024, an estimated $1.81B increase.
- Geode Capital Management's biggest Q1 2024 reduction was Amgen, cutting an estimated $204M.
- Geode Capital Management fully exited Splunk Inc in Q1 2024, selling an estimated $373M.
- Geode Capital Management's ten largest holdings make up 28% of its $1.08T portfolio in Q1 2024.
- Geode Capital Management opened 85 new positions and closed 123 in Q1 2024.
- Geode Capital Management's portfolio value rose 13% quarter-over-quarter to $1.08T.
Based on Geode Capital Management's 13F filing for Q1 2024, filed 13 May 2024.