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 | |
|---|---|---|---|---|---|---|
1326
Stepan Co
SCL
$1.46B
| $41.4M | 0.01% |
401,517
+16,033
| +4% | +$1.68M |
|
1327
Piper Sandler
PIPR
$5.14B
| $41.3M | 0.01% |
1,190,432
+34,264
| +3% | +$1.22M |
|
|
B
1328
DELISTED
Barnes Group Inc.
B
| $41.2M | 0.01% |
1,021,703
-1,662
| -0.2% | -$70K |
|
1329
Hertz
HTZ
$493M
| $41.1M | 0.01% |
2,521,357
+50,568
| +2% | +$882K |
|
1330
Carpenter Technology
CRS
$28.3B
| $41.1M | 0.01% |
917,156
+41,446
| +5% | +$1.89M |
|
1331
InterDigital
IDCC
$8.53B
| $41M | 0.01% |
562,736
+1,022
| +0.2% | +$71.1K |
|
1332
MYR Group
MYRG
$5.2B
| $40.9M | 0.01% |
324,303
-17,941
| -5% | -$1.93M |
|
1333
Assured Guaranty
AGO
$3.66B
| $40.9M | 0.01% |
812,791
+20,668
| +3% | +$1.2M |
|
1334
Tidewater
TDW
$3.85B
| $40.8M | 0.01% |
926,172
+35,795
| +4% | +$1.54M |
|
1335
Ultragenyx Pharmaceutical
RARE
$2.46B
| $40.7M | 0.01% |
1,014,640
+31,610
| +3% | +$1.36M |
|
|
CSW
1336
CSW Industrials
CSW
$5.64B
| $40.7M | 0.01% |
292,753
+12,290
| +4% | +$1.66M |
|
1337
Strategic Education
STRA
$1.89B
| $40.7M | 0.01% |
452,588
+19,076
| +4% | +$1.69M |
|
1338
First Financial Bancorp
FFBC
$3.61B
| $40.6M | 0.01% |
1,864,820
+71,318
| +4% | +$1.71M |
|
1339
Mueller Water Products
MWA
$4.13B
| $40.4M | 0.01% |
2,899,986
+154,896
| +6% | +$2.02M |
|
1340
TG Therapeutics
TGTX
$7.64B
| $40.3M | 0.01% |
2,679,800
+93,527
| +4% | +$1.42M |
|
1341
Axsome Therapeutics
AXSM
$11B
| $40.2M | 0.01% |
652,436
+27,847
| +4% | +$1.83M |
|
1342
Enovis
ENOV
$1.74B
| $40.1M | 0.01% |
749,805
-5,954
| -0.8% | -$345K |
|
1343
Minerals Technologies
MTX
$2.4B
| $40M | 0.01% |
662,372
+2,914
| +0.4% | +$181K |
|
1344
Transocean
RIG
$5.69B
| $40M | 0.01% |
6,287,323
+178,267
| +3% | +$1.14M |
|
1345
Eastern Bankshares
EBC
$5.31B
| $39.8M | 0.01% |
3,157,137
+128,409
| +4% | +$1.98M |
|
1346
ScottsMiracle-Gro
SMG
$3.85B
| $39.8M | 0.01% |
570,318
+21,200
| +4% | +$1.52M |
|
1347
Northern Oil and Gas
NOG
$2.15B
| $39.8M | 0.01% |
1,310,394
+120,070
| +10% | +$3.74M |
|
1348
Helios Technologies
HLIO
$2.72B
| $39.7M | 0.01% |
606,284
+24,377
| +4% | +$1.59M |
|
1349
Yelp
YELP
$1.41B
| $39.5M | 0.01% |
1,288,198
+67,923
| +6% | +$2.04M |
|
1350
Nu Skin
NUS
$253M
| $39.5M | 0.01% |
1,005,371
+3,246
| +0.3% | +$135K |
|
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.