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 | |
|---|---|---|---|---|---|---|
|
PRFT
1451
DELISTED
Perficient Inc
PRFT
| $43.4M | ﹤0.01% |
770,260
+23,978
| +3% | +$1.57M |
|
|
THS
1452
DELISTED
Treehouse Foods
THS
| $43.3M | ﹤0.01% |
1,111,945
+21,661
| +2% | +$858K |
|
1453
StoneX
SNEX
$7.94B
| $43.2M | ﹤0.01% |
2,073,398
+92,435
| +5% | +$1.85M |
|
|
SQSP
1454
DELISTED
Squarespace, Inc.
SQSP
| $43M | ﹤0.01% |
1,181,150
+108,807
| +10% | +$3.53M |
|
1455
Park National Corp
PRK
$3.67B
| $43M | ﹤0.01% |
316,534
+9,172
| +3% | +$1.19M |
|
1456
Myriad Genetics
MYGN
$312M
| $43M | ﹤0.01% |
2,016,372
+144,515
| +8% | +$3.11M |
|
1457
Opendoor
OPEN
$3.38B
| $42.9M | ﹤0.01% |
14,643,273
+523,364
| +4% | +$1.63M |
|
|
RCM
1458
DELISTED
R1 RCM Inc. Common Stock
RCM
| $42.9M | ﹤0.01% |
3,326,971
+130,781
| +4% | +$1.52M |
|
1459
Gentherm
THRM
$1.27B
| $42.7M | ﹤0.01% |
741,889
+19,698
| +3% | +$1.03M |
|
1460
Greif
GEF
$5.04B
| $42.6M | ﹤0.01% |
616,573
+27,258
| +5% | +$1.74M |
|
1461
Veeco
VECO
$3.23B
| $42.6M | ﹤0.01% |
1,210,222
+36,065
| +3% | +$1.2M |
|
1462
Immunovant
IMVT
$8.25B
| $42.6M | ﹤0.01% |
1,316,827
+43,861
| +3% | +$1.6M |
|
1463
AZZ Inc
AZZ
$4.54B
| $42.5M | ﹤0.01% |
549,486
+18,402
| +3% | +$1.24M |
|
1464
Andersons Inc
ANDE
$2.22B
| $42.5M | ﹤0.01% |
740,372
+23,524
| +3% | +$1.27M |
|
1465
Lucid Motors
LCID
$2.77B
| $42.5M | ﹤0.01% |
1,489,929
+35,628
| +2% | +$1.14M |
|
1466
Acadia Realty Trust
AKR
$2.84B
| $42.4M | ﹤0.01% |
2,494,796
+251,601
| +11% | +$4.23M |
|
1467
Spectrum Brands
SPB
$2.07B
| $42.4M | ﹤0.01% |
476,547
-52,692
| -10% | -$4.3M |
|
1468
Syndax Pharmaceuticals
SNDX
$1.82B
| $42.3M | ﹤0.01% |
1,778,548
+243,493
| +16% | +$5.43M |
|
1469
InvenTrust Properties
IVT
$2.59B
| $42.3M | ﹤0.01% |
1,644,200
+43,995
| +3% | +$1.11M |
|
1470
Edgewell Personal Care
EPC
$1.31B
| $42.3M | ﹤0.01% |
1,093,799
+15,433
| +1% | +$583K |
|
1471
Enerpac Tool Group
EPAC
$1.93B
| $42.2M | ﹤0.01% |
1,184,163
+35,205
| +3% | +$1.13M |
|
1472
Cushman & Wakefield Ltd
CWK
$3.25B
| $42.2M | ﹤0.01% |
4,036,009
+140,351
| +4% | +$1.42M |
|
1473
Worthington Enterprises
WOR
$2.86B
| $42.2M | ﹤0.01% |
677,516
+22,172
| +3% | +$1.32M |
|
1474
Calix
CALX
$2.39B
| $42.2M | ﹤0.01% |
1,271,089
+4,384
| +0.3% | +$163K |
|
1475
STAAR Surgical
STAA
$1.21B
| $42.1M | ﹤0.01% |
1,100,182
+41,182
| +4% | +$1.34M |
|
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.