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 | |
|---|---|---|---|---|---|---|
1401
Towne Bank
TOWN
$3.47B
| $36.6M | ﹤0.01% |
1,374,822
+92,315
| +7% | +$2.73M |
|
1402
CRISPR Therapeutics
CRSP
$5.03B
| $36.6M | ﹤0.01% |
809,984
+20,886
| +3% | +$1.01M |
|
1403
NMI Holdings
NMIH
$3.3B
| $36.5M | ﹤0.01% |
1,635,146
+47,478
| +3% | +$1.06M |
|
1404
Diamondrock Hospitality Co
DRH
$2.62B
| $36.5M | ﹤0.01% |
4,486,008
+163,387
| +4% | +$1.42M |
|
1405
RLJ Lodging Trust
RLJ
$1.83B
| $36.3M | ﹤0.01% |
3,421,875
+115,320
| +3% | +$1.29M |
|
|
SVC
1406
Service Properties Trust
SVC
$1.05B
| $36.2M | ﹤0.01% |
727,109
+25,117
| +4% | +$1.16M |
|
1407
Brookfield Asset Management
BAM
$84.4B
| $36.2M | ﹤0.01% |
1,111,518
+1,870
| +0.2% | +$60.7K |
|
1408
Southern Copper
SCCO
$163B
| $36.1M | ﹤0.01% |
513,879
+16,631
| +3% | +$1.13M |
|
1409
MP Materials
MP
$8.6B
| $36.1M | ﹤0.01% |
1,281,231
+48,178
| +4% | +$1.46M |
|
1410
Warrior Met Coal
HCC
$4.68B
| $36.1M | ﹤0.01% |
983,743
+40,920
| +4% | +$1.51M |
|
1411
Pacira BioSciences
PCRX
$1B
| $36M | ﹤0.01% |
882,784
+36,621
| +4% | +$1.46M |
|
1412
WesBanco
WSBC
$4.01B
| $36M | ﹤0.01% |
1,173,450
+53,191
| +5% | +$1.88M |
|
1413
Cohu
COHU
$2.49B
| $36M | ﹤0.01% |
937,459
+27,159
| +3% | +$983K |
|
1414
Jack in the Box
JACK
$340M
| $35.9M | ﹤0.01% |
410,232
+10,680
| +3% | +$844K |
|
1415
AMC Entertainment Holdings
AMC
$2.35B
| $35.9M | ﹤0.01% |
716,499
+27,372
| +4% | +$1.45M |
|
|
ODP
1416
DELISTED
ODP
ODP
| $35.9M | ﹤0.01% |
797,727
+23,353
| +3% | +$1.14M |
|
1417
Cameco
CCJ
$41.7B
| $35.8M | ﹤0.01% |
1,374,942
+43,772
| +3% | +$1.16M |
|
|
SAVE
1418
DELISTED
Spirit Airlines, Inc.
SAVE
| $35.8M | ﹤0.01% |
2,086,873
+111,174
| +6% | +$2.08M |
|
1419
International Seaways
INSW
$4.64B
| $35.8M | ﹤0.01% |
858,510
+42,856
| +5% | +$1.81M |
|
1420
Appian
APPN
$2.15B
| $35.8M | ﹤0.01% |
806,007
+38,945
| +5% | +$1.57M |
|
1421
Telus
TU
$15.4B
| $35.7M | ﹤0.01% |
1,728,938
+58,156
| +3% | +$1.18M |
|
1422
Riot Platforms
RIOT
$8.32B
| $35.7M | ﹤0.01% |
3,570,855
+80,304
| +2% | +$522K |
|
|
AZEK
1423
DELISTED
The AZEK Co
AZEK
| $35.7M | ﹤0.01% |
1,515,628
+41,338
| +3% | +$978K |
|
|
AMED
1424
DELISTED
Amedisys
AMED
| $35.6M | ﹤0.01% |
484,586
+15,231
| +3% | +$1.32M |
|
1425
StoneX
SNEX
$8.05B
| $35.6M | ﹤0.01% |
1,738,457
+108,661
| +7% | +$2.07M |
|
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.