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 | |
|---|---|---|---|---|---|---|
1451
Flywire
FLYW
$2.27B
| $34.2M | ﹤0.01% |
1,164,628
+38,731
| +3% | +$1.02M |
|
1452
Liberty Energy
LBRT
$3.33B
| $34.1M | ﹤0.01% |
2,659,867
+37,709
| +1% | +$558K |
|
1453
AstraZeneca
AZN
$249B
| $34M | ﹤0.01% |
244,785
+222
| +0.1% | +$29.9K |
|
|
VGR
1454
DELISTED
Vector Group Ltd.
VGR
| $33.7M | ﹤0.01% |
2,807,920
+33,965
| +1% | +$428K |
|
1455
InvenTrust Properties
IVT
$2.61B
| $33.7M | ﹤0.01% |
1,438,968
+51,235
| +4% | +$1.21M |
|
1456
Kratos Defense & Security Solutions
KTOS
$10.9B
| $33.6M | ﹤0.01% |
2,496,269
+105,335
| +4% | +$1.26M |
|
1457
RingCentral
RNG
$5.14B
| $33.6M | ﹤0.01% |
1,096,617
+46,671
| +4% | +$1.67M |
|
1458
Winnebago Industries
WGO
$892M
| $33.5M | ﹤0.01% |
580,971
+18,408
| +3% | +$1.12M |
|
1459
Renasant Corp
RNST
$3.99B
| $33.5M | ﹤0.01% |
1,096,006
+41,404
| +4% | +$1.45M |
|
1460
Addus HomeCare
ADUS
$2.22B
| $33.5M | ﹤0.01% |
313,631
+11,639
| +4% | +$1.21M |
|
|
VRTV
1461
DELISTED
VERITIV CORPORATION
VRTV
| $33.5M | ﹤0.01% |
247,713
+10,611
| +4% | +$1.36M |
|
|
CVSA
1462
Covista Inc
CVSA
$4.21B
| $33.4M | ﹤0.01% |
865,609
+43,730
| +5% | +$1.67M |
|
1463
Monro
MNRO
$401M
| $33.4M | ﹤0.01% |
675,194
+2,403
| +0.4% | +$119K |
|
1464
Chewy
CHWY
$9.65B
| $33.3M | ﹤0.01% |
893,564
+31,355
| +4% | +$1.3M |
|
1465
Celldex Therapeutics
CLDX
$3.24B
| $33.3M | ﹤0.01% |
925,708
+42,173
| +5% | +$1.82M |
|
1466
Greif
GEF
$5.08B
| $33.3M | ﹤0.01% |
525,116
+25,937
| +5% | +$1.74M |
|
1467
Grab
GRAB
$15.1B
| $33.2M | ﹤0.01% |
11,148,701
+141,867
| +1% | +$471K |
|
|
IBTX
1468
DELISTED
Independent Bank Group, Inc.
IBTX
| $33.2M | ﹤0.01% |
715,549
+27,782
| +4% | +$1.58M |
|
1469
NewMarket
NEU
$8.24B
| $33M | ﹤0.01% |
90,435
+1,699
| +2% | +$589K |
|
1470
BGC Group
BGC
$4.95B
| $33M | ﹤0.01% |
6,309,818
+189,486
| +3% | +$868K |
|
1471
Navient
NAVI
$861M
| $33M | ﹤0.01% |
2,062,192
+462
| +0% | +$8.06K |
|
1472
Oceaneering
OII
$4.97B
| $32.8M | ﹤0.01% |
1,862,179
+75,887
| +4% | +$1.46M |
|
1473
Park National Corp
PRK
$3.73B
| $32.7M | ﹤0.01% |
275,597
+9,356
| +4% | +$1.2M |
|
1474
Cheesecake Factory
CAKE
$5.31B
| $32.7M | ﹤0.01% |
931,554
+32,958
| +4% | +$1.23M |
|
|
GTY
1475
Getty Realty Corp
GTY
$2.06B
| $32.6M | ﹤0.01% |
905,250
+34,199
| +4% | +$1.2M |
|
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.