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 | |
|---|---|---|---|---|---|---|
1301
Graham Holdings Company
GHC
$5.14B
| $43.1M | 0.01% |
72,314
+2,402
| +3% | +$1.49M |
|
1302
Alpha Metallurgical Resources
AMR
$1.85B
| $43.1M | 0.01% |
276,176
+12,207
| +5% | +$1.95M |
|
|
MDC
1303
DELISTED
M.D.C. Holdings, Inc.
MDC
| $43M | 0.01% |
1,107,447
+65,137
| +6% | +$2.41M |
|
1304
Boston Beer
SAM
$1.92B
| $43M | 0.01% |
130,842
+3,815
| +3% | +$1.31M |
|
1305
Matsons
MATX
$6.22B
| $42.9M | 0.01% |
718,152
+30,494
| +4% | +$1.96M |
|
1306
Brookfield Infrastructure
BIPC
$4.94B
| $42.7M | 0.01% |
927,278
+59,852
| +7% | +$2.61M |
|
1307
NETSCOUT
NTCT
$2.98B
| $42.5M | 0.01% |
1,481,909
+4,231
| +0.3% | +$127K |
|
1308
Kennametal
KMT
$2.6B
| $42.5M | 0.01% |
1,539,265
+43,113
| +3% | +$1.19M |
|
1309
Mercury Systems
MRCY
$6.45B
| $42.5M | 0.01% |
830,420
+24,037
| +3% | +$1.21M |
|
1310
Kyndryl
KD
$3.07B
| $42.4M | 0.01% |
2,870,808
+106,172
| +4% | +$1.51M |
|
1311
Chesapeake Utilities
CPK
$3.21B
| $42.4M | 0.01% |
331,027
+12,100
| +4% | +$1.5M |
|
1312
Boot Barn
BOOT
$4.88B
| $42.4M | 0.01% |
552,584
+27,678
| +5% | +$2.12M |
|
1313
American Eagle Outfitters
AEO
$2.99B
| $42.2M | 0.01% |
3,139,774
+139,160
| +5% | +$2.04M |
|
1314
Credit Acceptance
CACC
$6.2B
| $42.1M | 0.01% |
96,606
-10,994
| -10% | -$4.83M |
|
1315
Edgewell Personal Care
EPC
$1.35B
| $42M | 0.01% |
989,823
+52,988
| +6% | +$2.22M |
|
|
NUVA
1316
DELISTED
NuVasive, Inc.
NUVA
| $41.8M | 0.01% |
1,012,601
+46,529
| +5% | +$1.99M |
|
1317
Vornado Realty Trust
VNO
$7.51B
| $41.8M | 0.01% |
2,720,542
-1,014,725
| -27% | -$20.5M |
|
1318
CareTrust REIT
CTRE
$9.72B
| $41.8M | 0.01% |
2,135,467
+143,153
| +7% | +$2.8M |
|
1319
Enpro
NPO
$6.94B
| $41.7M | 0.01% |
401,667
+22,198
| +6% | +$2.43M |
|
1320
Artisan Partners
APAM
$3.04B
| $41.7M | 0.01% |
1,304,823
+15,414
| +1% | +$517K |
|
1321
Surgery Partners
SGRY
$2B
| $41.7M | 0.01% |
1,209,464
+145,203
| +14% | +$4.71M |
|
|
KW
1322
DELISTED
Kennedy-Wilson Holdings
KW
| $41.6M | 0.01% |
2,504,528
+114,768
| +5% | +$1.95M |
|
1323
Tanger
SKT
$4.66B
| $41.5M | 0.01% |
2,115,910
+69,787
| +3% | +$1.29M |
|
1324
Vipshop
VIPS
$7.46B
| $41.5M | 0.01% |
2,743,339
+23,852
| +0.9% | +$354K |
|
|
CYBR
1325
DELISTED
CyberArk
CYBR
| $41.4M | 0.01% |
280,823
+8,448
| +3% | +$1.18M |
|
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.