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 | |
|---|---|---|---|---|---|---|
1276
Simmons First National
SFNC
$3.39B
| $55.7M | 0.01% |
2,863,576
+79,242
| +3% | +$1.5M |
|
1277
Fortrea Holdings
FTRE
$1.75B
| $55.6M | 0.01% |
1,385,785
+45,841
| +3% | +$1.59M |
|
1278
ACV Auctions
ACVA
$1.3B
| $55.6M | 0.01% |
2,961,933
+99,686
| +3% | +$1.56M |
|
1279
monday.com
MNDY
$3.94B
| $55.6M | 0.01% |
246,934
+24,433
| +11% | +$5.19M |
|
1280
Sunstone Hotel Investors
SHO
$2.06B
| $55.4M | 0.01% |
4,974,561
+96,080
| +2% | +$1.05M |
|
1281
Iridium Communications
IRDM
$5.29B
| $55.4M | 0.01% |
2,117,424
+77,810
| +4% | +$2.53M |
|
1282
Vericel Corp
VCEL
$2.31B
| $55.4M | 0.01% |
1,063,945
+36,566
| +4% | +$1.6M |
|
1283
RXO
RXO
$3.58B
| $55.3M | 0.01% |
2,529,867
+80,089
| +3% | +$1.72M |
|
1284
LGI Homes
LGIH
$1.4B
| $55.2M | 0.01% |
474,659
+12,024
| +3% | +$1.42M |
|
1285
Construction Partners
ROAD
$6.77B
| $55.2M | 0.01% |
983,669
+61,618
| +7% | +$2.91M |
|
1286
Douglas Emmett
DEI
$1.96B
| $55.1M | 0.01% |
3,975,483
+111,229
| +3% | +$1.52M |
|
|
NSA
1287
DELISTED
National Storage Affiliates Trust
NSA
| $55.1M | 0.01% |
1,407,548
+7,625
| +0.5% | +$286K |
|
1288
Granite Construction
GVA
$5.62B
| $55.1M | 0.01% |
964,508
+26,817
| +3% | +$1.34M |
|
1289
SiriusXM
SIRI
$10.1B
| $55M | 0.01% |
1,419,851
+138,191
| +11% | +$6.57M |
|
1290
Wendy's
WEN
$1.46B
| $54.9M | 0.01% |
2,914,416
+110,345
| +4% | +$2.07M |
|
1291
Cal-Maine
CALM
$3.99B
| $54.9M | 0.01% |
932,351
+27,718
| +3% | +$1.58M |
|
1292
Grab
GRAB
$14.9B
| $54.8M | 0.01% |
17,633,311
+628,945
| +4% | +$2.02M |
|
1293
TPG
TPG
$7.86B
| $54.6M | 0.01% |
1,221,020
+226,164
| +23% | +$9.69M |
|
1294
Guardant Health
GH
$22.6B
| $54.5M | 0.01% |
2,641,810
+128,107
| +5% | +$2.75M |
|
1295
Arbor Realty Trust
ABR
$998M
| $54.5M | 0.01% |
4,112,371
+126,358
| +3% | +$1.69M |
|
1296
Yeti Holdings
YETI
$3.95B
| $54.4M | 0.01% |
1,411,734
+57,597
| +4% | +$2.44M |
|
1297
Corcept Therapeutics
CORT
$12B
| $54.4M | 0.01% |
2,157,785
+112,139
| +5% | +$2.65M |
|
1298
CVB Financial
CVBF
$3.99B
| $54.3M | 0.01% |
3,044,296
+79,848
| +3% | +$1.42M |
|
1299
Mueller Water Products
MWA
$4.16B
| $54.3M | 0.01% |
3,372,211
+98,563
| +3% | +$1.47M |
|
1300
Arvinas
ARVN
$572M
| $54.2M | 0.01% |
1,313,316
+190,689
| +17% | +$8.33M |
|
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.