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 | |
|---|---|---|---|---|---|---|
1476
Remitly
RELY
$5.42B
| $32.6M | ﹤0.01% |
1,921,065
+60,728
| +3% | +$826K |
|
1477
Shutterstock
SSTK
$214M
| $32.5M | ﹤0.01% |
448,294
+17,112
| +4% | +$1.2M |
|
1478
OSI Systems
OSIS
$3.94B
| $32.5M | ﹤0.01% |
317,185
+10,355
| +3% | +$959K |
|
1479
Bankunited
BKU
$3.4B
| $32.4M | ﹤0.01% |
1,436,678
+33,600
| +2% | +$1.09M |
|
1480
Enterprise Financial Services Corp
EFSC
$2.4B
| $32.4M | ﹤0.01% |
726,431
+28,357
| +4% | +$1.45M |
|
1481
Xencor
XNCR
$1.45B
| $32.3M | ﹤0.01% |
1,159,683
+29,248
| +3% | +$902K |
|
1482
Cohen & Steers
CNS
$4.34B
| $32.2M | ﹤0.01% |
504,003
+3,607
| +0.7% | +$252K |
|
|
KYNB
1483
Kyntra Bio
KYNB
$28.3M
| $32.2M | ﹤0.01% |
69,102
+2,818
| +4% | +$1.49M |
|
1484
M/I Homes
MHO
$3.7B
| $32.2M | ﹤0.01% |
510,393
+21,542
| +4% | +$1.24M |
|
1485
Semtech
SMTC
$12.7B
| $32.2M | ﹤0.01% |
1,332,465
+12,936
| +1% | +$405K |
|
1486
John Wiley & Sons Class A
WLY
$2.73B
| $32.1M | ﹤0.01% |
828,887
+40,892
| +5% | +$1.74M |
|
1487
Enovix
ENVX
$938M
| $32M | ﹤0.01% |
2,452,661
+88,115
| +4% | +$724K |
|
1488
Veracyte
VCYT
$3.71B
| $32M | ﹤0.01% |
1,434,518
+60,026
| +4% | +$1.45M |
|
1489
PennyMac Financial
PFSI
$3.97B
| $31.9M | ﹤0.01% |
535,622
+13,296
| +3% | +$823K |
|
1490
Huron Consulting
HURN
$2.38B
| $31.9M | ﹤0.01% |
396,748
+14,256
| +4% | +$1.04M |
|
1491
Laureate Education
LAUR
$5.15B
| $31.8M | ﹤0.01% |
2,704,392
+129,248
| +5% | +$1.42M |
|
1492
Acushnet Holdings
GOLF
$5.35B
| $31.8M | ﹤0.01% |
624,122
+25,693
| +4% | +$1.25M |
|
1493
Pegasystems
PEGA
$5.2B
| $31.8M | ﹤0.01% |
1,311,306
+40,350
| +3% | +$850K |
|
1494
Northwest Natural Holdings
NWN
$2.13B
| $31.7M | ﹤0.01% |
667,539
+24,514
| +4% | +$1.18M |
|
1495
Agilysys
AGYS
$3.01B
| $31.7M | ﹤0.01% |
384,628
+20,107
| +6% | +$1.63M |
|
1496
Stock Yards Bancorp
SYBT
$2.6B
| $31.7M | ﹤0.01% |
575,050
+26,715
| +5% | +$1.56M |
|
1497
Tronox
TROX
$1.13B
| $31.7M | ﹤0.01% |
2,204,329
+88,596
| +4% | +$1.37M |
|
|
XHR
1498
Xenia Hotels & Resorts
XHR
$1.84B
| $31.7M | ﹤0.01% |
2,421,364
+63,476
| +3% | +$877K |
|
1499
Herbalife
HLF
$1.19B
| $31.7M | ﹤0.01% |
1,967,765
+29,011
| +1% | +$513K |
|
1500
BancFirst
BANF
$3.81B
| $31.6M | ﹤0.01% |
380,574
+18,738
| +5% | +$1.61M |
|
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.