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 | |
|---|---|---|---|---|---|---|
|
STR
1426
DELISTED
Sitio Royalties
STR
| $44.9M | ﹤0.01% |
1,816,040
+68,132
| +4% | +$1.53M |
|
1427
Upstart Holdings
UPST
$3.03B
| $44.8M | ﹤0.01% |
1,667,029
+63,565
| +4% | +$1.88M |
|
1428
PagerDuty
PD
$902M
| $44.8M | ﹤0.01% |
1,974,127
+48,249
| +3% | +$1.15M |
|
1429
Pebblebrook Hotel Trust
PEB
$2.05B
| $44.6M | ﹤0.01% |
2,897,013
+72,866
| +3% | +$1.15M |
|
1430
RLJ Lodging Trust
RLJ
$1.69B
| $44.6M | ﹤0.01% |
3,775,409
+76,746
| +2% | +$903K |
|
1431
Supernus Pharmaceuticals
SUPN
$2.77B
| $44.6M | ﹤0.01% |
1,306,950
+61,796
| +5% | +$1.84M |
|
1432
Tronox
TROX
$1.04B
| $44.6M | ﹤0.01% |
2,568,407
+81,839
| +3% | +$1.19M |
|
1433
Towne Bank
TOWN
$3.42B
| $44.5M | ﹤0.01% |
1,586,509
+31,894
| +2% | +$886K |
|
|
CVSA
1434
Covista Inc
CVSA
$4.8B
| $44.5M | ﹤0.01% |
865,483
+9,940
| +1% | +$519K |
|
1435
AAR Corp
AIR
$5.76B
| $44.4M | ﹤0.01% |
741,319
+22,362
| +3% | +$1.39M |
|
1436
BOK Financial
BOKF
$8.74B
| $44.4M | ﹤0.01% |
482,196
+9,606
| +2% | +$814K |
|
|
HBI
1437
DELISTED
Hanesbrands
HBI
| $44.2M | ﹤0.01% |
7,623,060
+232,440
| +3% | +$1.11M |
|
1438
Photronics
PLAB
$1.93B
| $44.2M | ﹤0.01% |
1,560,092
+65,006
| +4% | +$1.93M |
|
1439
Laureate Education
LAUR
$5.28B
| $44.1M | ﹤0.01% |
3,027,559
+99,474
| +3% | +$1.32M |
|
1440
Ambarella
AMBA
$3.81B
| $44.1M | ﹤0.01% |
868,316
+27,994
| +3% | +$1.53M |
|
1441
Energizer
ENR
$1.55B
| $44.1M | ﹤0.01% |
1,497,090
+43,995
| +3% | +$1.33M |
|
1442
StepStone Group
STEP
$3.82B
| $44M | ﹤0.01% |
1,230,852
+54,085
| +5% | +$1.83M |
|
1443
Rogers Corp
ROG
$2.4B
| $44M | ﹤0.01% |
370,314
+11,113
| +3% | +$1.3M |
|
1444
Kennametal
KMT
$2.52B
| $43.8M | ﹤0.01% |
1,755,806
+42,673
| +2% | +$1.05M |
|
1445
The Bancorp
TBBK
$2.84B
| $43.8M | ﹤0.01% |
1,308,146
+44,250
| +4% | +$1.76M |
|
1446
United Parks & Resorts
PRKS
$2.12B
| $43.8M | ﹤0.01% |
778,623
+20,986
| +3% | +$1.06M |
|
1447
Globant
GLOB
$1.61B
| $43.8M | ﹤0.01% |
216,661
+10,041
| +5% | +$2.26M |
|
|
PINC
1448
DELISTED
Premier
PINC
| $43.7M | ﹤0.01% |
1,978,382
-208,449
| -10% | -$4.51M |
|
1449
Shoals Technologies Group
SHLS
$1.5B
| $43.5M | ﹤0.01% |
3,889,769
+119,270
| +3% | +$1.64M |
|
1450
Acushnet Holdings
GOLF
$5.45B
| $43.4M | ﹤0.01% |
658,440
+17,946
| +3% | +$1.16M |
|
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.