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 | |
|---|---|---|---|---|---|---|
1351
Certara
CERT
$1.22B
| $39.5M | 0.01% |
1,636,671
+54,107
| +3% | +$1.07M |
|
|
CNR
1352
Core Natural Resources Inc
CNR
$4.46B
| $39.4M | 0.01% |
676,906
+10,696
| +2% | +$610K |
|
1353
First Bancorp
FBP
$4.47B
| $39.3M | 0.01% |
3,442,950
+99,657
| +3% | +$1.31M |
|
1354
Marqeta
MQ
$1.71B
| $39.3M | 0.01% |
2,150,637
+105,049
| +5% | +$2.34M |
|
1355
Pebblebrook Hotel Trust
PEB
$2.11B
| $39.2M | 0.01% |
2,795,223
+72,483
| +3% | +$1.06M |
|
1356
Highwoods Properties
HIW
$3.56B
| $39.2M | 0.01% |
1,689,049
+29,343
| +2% | +$790K |
|
1357
WaFd
WAFD
$2.8B
| $39.1M | 0.01% |
1,298,318
+35,307
| +3% | +$1.19M |
|
1358
Gentherm
THRM
$1.26B
| $39.1M | 0.01% |
646,671
+31,121
| +5% | +$2.08M |
|
|
HTO
1359
H2O America
HTO
$2.6B
| $38.9M | 0.01% |
511,208
+22,257
| +5% | +$1.72M |
|
1360
Corcept Therapeutics
CORT
$11.7B
| $38.9M | 0.01% |
1,793,927
+72,426
| +4% | +$1.59M |
|
1361
Axos Financial
AX
$5.87B
| $38.8M | 0.01% |
1,050,559
+27,616
| +3% | +$1.19M |
|
1362
Pricesmart
PSMT
$5.78B
| $38.5M | 0.01% |
539,199
+18,709
| +4% | +$1.31M |
|
1363
Fastly Inc
FSLY
$3.8B
| $38.5M | 0.01% |
2,169,788
+99,909
| +5% | +$1.27M |
|
|
VSXY
1364
Victoria's Secret
VSXY
$7.23B
| $38.5M | 0.01% |
1,127,867
+34,717
| +3% | +$1.29M |
|
1365
First Hawaiian
FHB
$3.41B
| $38.5M | 0.01% |
1,865,182
+44,348
| +2% | +$1.12M |
|
1366
BOK Financial
BOKF
$8.83B
| $38.5M | 0.01% |
455,664
+10,432
| +2% | +$1.02M |
|
1367
Shake Shack
SHAK
$2.87B
| $38.4M | 0.01% |
692,530
+30,086
| +5% | +$1.66M |
|
1368
First Merchants
FRME
$2.73B
| $38.4M | 0.01% |
1,165,179
+45,610
| +4% | +$1.81M |
|
1369
Carter's
CRI
$1.44B
| $38.3M | 0.01% |
533,220
+18,488
| +4% | +$1.42M |
|
1370
ICF International
ICFI
$1.56B
| $38.3M | 0.01% |
348,881
+15,576
| +5% | +$1.62M |
|
1371
Worthington Enterprises
WOR
$2.89B
| $38.3M | 0.01% |
960,174
+38,039
| +4% | +$1.35M |
|
1372
Bumble
BMBL
$376M
| $38.2M | 0.01% |
1,953,836
+337,140
| +21% | +$7.61M |
|
1373
Chegg
CHGG
$120M
| $38.2M | 0.01% |
2,342,228
+120,429
| +5% | +$2.25M |
|
1374
ChargePoint
CHPT
$146M
| $38.1M | ﹤0.01% |
182,037
+7,670
| +4% | +$1.67M |
|
1375
Tandem Diabetes Care
TNDM
$1.31B
| $38M | ﹤0.01% |
936,677
+22,309
| +2% | +$924K |
|
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.