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 | |
|---|---|---|---|---|---|---|
|
ROIC
1376
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $37.9M | ﹤0.01% |
2,713,752
+76,881
| +3% | +$1.12M |
|
|
AGR
1377
DELISTED
Avangrid, Inc.
AGR
| $37.9M | ﹤0.01% |
949,933
+36,046
| +4% | +$1.47M |
|
1378
Trinity Industries
TRN
$2.59B
| $37.8M | ﹤0.01% |
1,552,652
+69,669
| +5% | +$1.85M |
|
1379
Prothena Corp
PRTA
$452M
| $37.8M | ﹤0.01% |
779,824
+64,223
| +9% | +$3.39M |
|
1380
Viasat
VSAT
$11.5B
| $37.7M | ﹤0.01% |
1,112,650
+34,325
| +3% | +$1.17M |
|
1381
Lumen
LUMN
$6.15B
| $37.6M | ﹤0.01% |
13,999,863
-6,703,525
| -32% | -$27M |
|
1382
Supernus Pharmaceuticals
SUPN
$2.79B
| $37.6M | ﹤0.01% |
1,037,493
+30,946
| +3% | +$1.19M |
|
1383
Revolution Medicines
RVMD
$42.3B
| $37.6M | ﹤0.01% |
1,734,077
+287,221
| +20% | +$7.07M |
|
1384
Grocery Outlet
GO
$957M
| $37.5M | ﹤0.01% |
1,328,442
+43,882
| +3% | +$1.26M |
|
1385
DigitalBridge
DBRG
$2.95B
| $37.5M | ﹤0.01% |
3,123,958
+138,031
| +5% | +$1.73M |
|
1386
CorVel
CRVL
$3.08B
| $37.4M | ﹤0.01% |
590,226
-1,389
| -0.2% | -$81.1K |
|
1387
AtriCure
ATRC
$2.01B
| $37.4M | ﹤0.01% |
903,045
+36,976
| +4% | +$1.53M |
|
1388
BridgeBio Pharma
BBIO
$16.3B
| $37.4M | ﹤0.01% |
2,253,158
+187,251
| +9% | +$2.18M |
|
|
DNB
1389
DELISTED
Dun & Bradstreet
DNB
| $37.3M | ﹤0.01% |
3,179,372
+127,123
| +4% | +$1.61M |
|
1390
Myriad Genetics
MYGN
$299M
| $37.3M | ﹤0.01% |
1,604,107
+78,333
| +5% | +$1.59M |
|
|
DOOR
1391
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $37.2M | ﹤0.01% |
410,193
+16,182
| +4% | +$1.42M |
|
1392
Urban Edge Properties
UE
$2.76B
| $37.2M | ﹤0.01% |
2,471,056
+84,445
| +4% | +$1.27M |
|
|
EDR
1393
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $37.2M | ﹤0.01% |
1,554,825
+48,862
| +3% | +$1.09M |
|
1394
Spectrum Brands
SPB
$2.06B
| $37.1M | ﹤0.01% |
560,939
+15,229
| +3% | +$962K |
|
1395
Banner Corp
BANR
$2.41B
| $37M | ﹤0.01% |
681,127
+22,544
| +3% | +$1.38M |
|
1396
Arbor Realty Trust
ABR
$974M
| $36.9M | ﹤0.01% |
3,210,218
+105,609
| +3% | +$1.46M |
|
1397
Dana Inc
DAN
$3.2B
| $36.9M | ﹤0.01% |
2,449,319
+100,545
| +4% | +$1.65M |
|
1398
Beam Therapeutics
BEAM
$2.82B
| $36.8M | ﹤0.01% |
1,202,329
+49,389
| +4% | +$1.95M |
|
1399
Seacoast Banking Corp of Florida
SBCF
$3.4B
| $36.7M | ﹤0.01% |
1,549,015
+282,449
| +22% | +$8.4M |
|
1400
Wayfair
W
$14.6B
| $36.7M | ﹤0.01% |
1,068,181
+33,383
| +3% | +$1.48M |
|
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.