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 | |
|---|---|---|---|---|---|---|
1326
Sylvamo
SLVM
$1.63B
| $51.9M | ﹤0.01% |
840,556
+36,285
| +5% | +$1.94M |
|
1327
Chesapeake Utilities
CPK
$3.21B
| $51.7M | ﹤0.01% |
482,163
+29,374
| +6% | +$3.03M |
|
1328
Acadia Pharmaceuticals
ACAD
$5.03B
| $51.7M | ﹤0.01% |
2,793,237
+101,085
| +4% | +$2.5M |
|
1329
OSI Systems
OSIS
$3.89B
| $51.7M | ﹤0.01% |
361,617
+12,277
| +4% | +$1.61M |
|
1330
Imperial Oil
IMO
$60.4B
| $51.5M | ﹤0.01% |
739,944
-16,661
| -2% | -$1.02M |
|
1331
Brookfield Infrastructure
BIPC
$4.85B
| $51.5M | ﹤0.01% |
1,428,545
+30,244
| +2% | +$1.06M |
|
|
FL
1332
DELISTED
Foot Locker
FL
| $51.4M | ﹤0.01% |
1,801,530
+49,549
| +3% | +$1.42M |
|
1333
Fox Factory Holding Corp
FOXF
$886M
| $51.3M | ﹤0.01% |
984,875
+34,455
| +4% | +$2.03M |
|
|
NUVL
1334
DELISTED
Nuvalent
NUVL
| $51.2M | ﹤0.01% |
681,596
+26,849
| +4% | +$2.14M |
|
1335
PJT Partners
PJT
$4.38B
| $51.2M | ﹤0.01% |
542,961
+19,846
| +4% | +$1.95M |
|
1336
Rhythm Pharmaceuticals
RYTM
$7.96B
| $51.2M | ﹤0.01% |
1,180,705
+61,576
| +6% | +$2.69M |
|
|
EDR
1337
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $51M | ﹤0.01% |
1,983,054
+58,038
| +3% | +$1.42M |
|
1338
Oceaneering
OII
$4.77B
| $51M | ﹤0.01% |
2,179,707
+68,357
| +3% | +$1.43M |
|
1339
Surgery Partners
SGRY
$2.03B
| $51M | ﹤0.01% |
1,708,124
+51,185
| +3% | +$1.6M |
|
1340
Open Text
OTEX
$6.04B
| $50.9M | ﹤0.01% |
1,303,456
+48,594
| +4% | +$1.96M |
|
1341
Alamo Group
ALG
$2.05B
| $50.9M | ﹤0.01% |
222,811
+6,851
| +3% | +$1.43M |
|
|
CALY
1342
Callaway Golf Company
CALY
$3.14B
| $50.9M | ﹤0.01% |
3,146,227
+89,437
| +3% | +$1.27M |
|
1343
Clarivate
CLVT
$1.16B
| $50.8M | ﹤0.01% |
6,835,911
+196,033
| +3% | +$1.64M |
|
1344
Penske Automotive Group
PAG
$14.2B
| $50.8M | ﹤0.01% |
313,329
+10,063
| +3% | +$1.54M |
|
1345
Enovis
ENOV
$1.53B
| $50.8M | ﹤0.01% |
812,712
+33,441
| +4% | +$2M |
|
1346
ScottsMiracle-Gro
SMG
$3.66B
| $50.7M | ﹤0.01% |
680,213
+34,217
| +5% | +$2.13M |
|
|
AMED
1347
DELISTED
Amedisys
AMED
| $50.7M | ﹤0.01% |
550,074
+22,526
| +4% | +$2.11M |
|
1348
J&J Snack Foods
JJSF
$1.71B
| $50.6M | ﹤0.01% |
349,943
+12,237
| +4% | +$1.85M |
|
1349
Bloom Energy
BE
$64.6B
| $50.6M | ﹤0.01% |
4,500,701
+174,140
| +4% | +$1.91M |
|
1350
Apogee Therapeutics
APGE
$10.2B
| $50.6M | ﹤0.01% |
761,024
+319,552
| +72% | +$14M |
|
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.