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 | |
|---|---|---|---|---|---|---|
|
ACLX
1251
DELISTED
Arcellx
ACLX
| $58.3M | 0.01% |
838,469
+53,067
| +7% | +$3.37M |
|
1252
Envista
NVST
$4.52B
| $58.3M | 0.01% |
2,724,815
+72,691
| +3% | +$1.65M |
|
|
CNR
1253
Core Natural Resources Inc
CNR
$4.45B
| $58.2M | 0.01% |
694,175
+13,699
| +2% | +$1.22M |
|
1254
Patrick Industries
PATK
$2.85B
| $58.1M | 0.01% |
728,805
+16,815
| +2% | +$1.21M |
|
1255
American States Water
AWR
$3.46B
| $58.1M | 0.01% |
803,482
+25,144
| +3% | +$1.87M |
|
1256
Magna International
MGA
$18.8B
| $58M | 0.01% |
1,063,543
+23,285
| +2% | +$1.28M |
|
1257
MasterBrand
MBC
$1.91B
| $57.9M | 0.01% |
3,088,168
+349,689
| +13% | +$5.54M |
|
1258
Werner Enterprises
WERN
$2.25B
| $57.9M | 0.01% |
1,479,060
+45,806
| +3% | +$1.83M |
|
1259
Uranium Energy
UEC
$5.57B
| $57.7M | 0.01% |
8,550,919
+396,452
| +5% | +$2.8M |
|
1260
Brookfield Asset Management
BAM
$83.8B
| $57.7M | 0.01% |
1,364,661
+51,972
| +4% | +$2.1M |
|
1261
Rogers Communications
RCI
$18.6B
| $57.6M | 0.01% |
1,401,478
+78,181
| +6% | +$3.54M |
|
1262
Azenta
AZTA
$1.48B
| $57.3M | 0.01% |
950,922
-24,565
| -3% | -$1.57M |
|
1263
Travel + Leisure Co
TNL
$4.7B
| $57.3M | 0.01% |
1,170,440
+48,607
| +4% | +$2.08M |
|
1264
Unifirst Corp
UNF
$5.25B
| $57.3M | 0.01% |
330,097
+8,901
| +3% | +$1.51M |
|
|
NARI
1265
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $56.8M | 0.01% |
1,183,294
+10,106
| +0.9% | +$540K |
|
1266
AMN Healthcare
AMN
$1.4B
| $56.7M | 0.01% |
906,905
+41,332
| +5% | +$2.81M |
|
1267
Atmus Filtration Technologies
ATMU
$4.18B
| $56.7M | 0.01% |
1,756,668
+1,449,974
| +473% | +$34.7M |
|
1268
Denali Therapeutics
DNLI
$3.97B
| $56.6M | 0.01% |
2,759,633
+100,337
| +4% | +$1.89M |
|
1269
Bloomin' Brands
BLMN
$938M
| $56.4M | 0.01% |
1,967,146
+50,447
| +3% | +$1.37M |
|
1270
Stride
LRN
$3.43B
| $56.4M | 0.01% |
894,359
+28,312
| +3% | +$1.71M |
|
1271
Brighthouse Financial
BHF
$3.5B
| $56.4M | 0.01% |
1,093,301
+37,264
| +4% | +$1.85M |
|
1272
Community Bank
CBU
$3.41B
| $56.3M | 0.01% |
1,171,985
+29,908
| +3% | +$1.4M |
|
1273
Intellia Therapeutics
NTLA
$1.67B
| $56.2M | 0.01% |
2,044,257
+70,988
| +4% | +$1.97M |
|
1274
JetBlue
JBLU
$2.29B
| $56.1M | 0.01% |
7,564,499
+250,325
| +3% | +$1.55M |
|
1275
O-I Glass
OI
$1.08B
| $55.9M | 0.01% |
3,366,168
+102,703
| +3% | +$1.62M |
|
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.