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 | |
|---|---|---|---|---|---|---|
126
KLA
KLAC
$222B
| $1.13B | 0.15% |
28,449,590
+2,681,040
| +10% | +$106M |
|
127
Public Storage
PSA
$61.5B
| $1.13B | 0.15% |
3,742,458
+129,555
| +4% | +$38.1M |
|
128
Marathon Petroleum
MPC
$90.1B
| $1.11B | 0.14% |
8,215,059
-219,777
| -3% | -$27.5M |
|
129
Intercontinental Exchange
ICE
$87.2B
| $1.09B | 0.14% |
10,503,361
+127,481
| +1% | +$13.3M |
|
130
AutoZone
AZO
$51.3B
| $1.09B | 0.14% |
444,236
-5,622
| -1% | -$13.7M |
|
131
Humana
HUM
$43.9B
| $1.08B | 0.14% |
2,234,477
+16,692
| +0.8% | +$8.25M |
|
132
Freeport-McMoran
FCX
$86.2B
| $1.03B | 0.13% |
25,338,465
+472,160
| +2% | +$19.6M |
|
133
Estee Lauder
EL
$30.4B
| $1.02B | 0.13% |
4,129,962
+77,961
| +2% | +$19.8M |
|
134
Motorola Solutions
MSI
$72.1B
| $1.01B | 0.13% |
3,531,492
+119,907
| +4% | +$31.6M |
|
135
Edwards Lifesciences
EW
$49.4B
| $1.01B | 0.13% |
12,214,619
+78,376
| +0.6% | +$6.16M |
|
136
Fortinet
FTNT
$112B
| $1.01B | 0.13% |
15,178,603
+147,048
| +1% | +$8.36M |
|
137
HCA Healthcare
HCA
$88.4B
| $1B | 0.13% |
3,812,961
+64,029
| +2% | +$16.3M |
|
138
Amphenol
APH
$185B
| $998M | 0.13% |
24,486,258
+514,504
| +2% | +$20.3M |
|
139
Phillips 66
PSX
$82.9B
| $982M | 0.13% |
9,711,084
-46,715
| -0.5% | -$4.75M |
|
140
Microchip Technology
MCHP
$38.8B
| $980M | 0.13% |
11,714,851
+217,223
| +2% | +$17.3M |
|
141
Idexx Laboratories
IDXX
$44.9B
| $972M | 0.13% |
1,946,339
+26,197
| +1% | +$12.5M |
|
142
Valero Energy
VLO
$89.5B
| $970M | 0.13% |
6,958,780
+4,464
| +0.1% | +$600K |
|
143
General Mills
GIS
$20.2B
| $967M | 0.13% |
11,336,837
-21,488
| -0.2% | -$1.72M |
|
144
Chipotle Mexican Grill
CMG
$43.9B
| $964M | 0.13% |
28,273,950
+476,000
| +2% | +$15M |
|
145
General Dynamics
GD
$103B
| $963M | 0.13% |
4,228,831
+259,855
| +7% | +$60M |
|
146
DexCom
DXCM
$29B
| $960M | 0.12% |
8,282,663
+170,796
| +2% | +$19.1M |
|
147
Moderna
MRNA
$21.6B
| $957M | 0.12% |
6,244,957
+77,265
| +1% | +$12.7M |
|
148
FedEx
FDX
$73B
| $943M | 0.12% |
4,139,803
-95,127
| -2% | -$19.3M |
|
149
US Bancorp
USB
$97.9B
| $943M | 0.12% |
26,209,943
+1,302,935
| +5% | +$58M |
|
150
Sherwin-Williams
SHW
$83.5B
| $937M | 0.12% |
4,179,547
+73,605
| +2% | +$16.8M |
|
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.