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 | |
|---|---|---|---|---|---|---|
1476
QuidelOrtho
QDEL
$838M
| $42.1M | ﹤0.01% |
877,473
+37,155
| +4% | +$2.17M |
|
|
VSTO
1477
DELISTED
Vista Outdoor Inc.
VSTO
| $42M | ﹤0.01% |
1,281,673
+41,934
| +3% | +$1.27M |
|
1478
Cinemark Holdings
CNK
$4.32B
| $41.8M | ﹤0.01% |
2,327,395
+62,903
| +3% | +$991K |
|
1479
Stepan Co
SCL
$1.48B
| $41.8M | ﹤0.01% |
464,165
+10,513
| +2% | +$942K |
|
1480
Talos Energy
TALO
$2.4B
| $41.7M | ﹤0.01% |
2,993,416
+758,215
| +34% | +$9.89M |
|
1481
MillerKnoll
MLKN
$1.67B
| $41.7M | ﹤0.01% |
1,683,283
+34,855
| +2% | +$981K |
|
1482
Delek US
DK
$3.58B
| $41.6M | ﹤0.01% |
1,354,605
+28,936
| +2% | +$783K |
|
1483
Astrana Health
ASTH
$1.77B
| $41.6M | ﹤0.01% |
990,482
+46,033
| +5% | +$1.8M |
|
1484
GlobalFoundries
GFS
$29.6B
| $41.6M | ﹤0.01% |
797,532
+21,415
| +3% | +$1.17M |
|
|
SIX
1485
DELISTED
Six Flags Entertainment Corp.
SIX
| $41.5M | ﹤0.01% |
1,578,010
+63,652
| +4% | +$1.6M |
|
1486
Federal Agricultural Mortgage
AGM
$2.56B
| $41.5M | ﹤0.01% |
210,712
+8,176
| +4% | +$1.52M |
|
1487
Vera Therapeutics
VERA
$2.36B
| $41.5M | ﹤0.01% |
961,309
+178,593
| +23% | +$6.36M |
|
1488
Huron Consulting
HURN
$2.42B
| $41.3M | ﹤0.01% |
427,289
+8,736
| +2% | +$885K |
|
1489
Howard Hughes
HHH
$4.03B
| $41.2M | ﹤0.01% |
594,834
+9,405
| +2% | +$698K |
|
1490
Leggett & Platt
LEG
$1.31B
| $41.2M | ﹤0.01% |
2,149,433
+91,233
| +4% | +$1.98M |
|
1491
nCino
NCNO
$2.1B
| $41M | ﹤0.01% |
1,095,372
+52,569
| +5% | +$1.66M |
|
|
BWIN
1492
Baldwin Insurance Group
BWIN
$2.86B
| $40.9M | ﹤0.01% |
1,413,581
+43,329
| +3% | +$1.14M |
|
|
OPLN
1493
Openlane
OPLN
$4.54B
| $40.8M | ﹤0.01% |
2,360,000
+62,275
| +3% | +$935K |
|
|
RNAM
1494
DELISTED
Avidity Biosciences
RNAM
| $40.8M | ﹤0.01% |
1,599,674
+52,460
| +3% | +$822K |
|
1495
Bread Financial
BFH
$4.38B
| $40.8M | ﹤0.01% |
1,095,723
+32,020
| +3% | +$1.14M |
|
|
B
1496
DELISTED
Barnes Group Inc.
B
| $40.7M | ﹤0.01% |
1,096,365
+30,086
| +3% | +$1.03M |
|
1497
Rocket Pharmaceuticals
RCKT
$394M
| $40.5M | ﹤0.01% |
1,502,587
+45,337
| +3% | +$1.29M |
|
|
ROIC
1498
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $40.5M | ﹤0.01% |
3,154,792
+84,391
| +3% | +$1.12M |
|
|
ECHO
1499
EchoStar
ECHO
$26.2B
| $40.4M | ﹤0.01% |
2,836,154
+1,057,631
| +59% | +$14.7M |
|
1500
Avis
CAR
$5.02B
| $40.4M | ﹤0.01% |
329,707
+5,722
| +2% | +$790K |
|
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.