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 | |
|---|---|---|---|---|---|---|
1526
The Bancorp
TBBK
$2.93B
| $30.2M | ﹤0.01% |
1,086,052
+37,185
| +4% | +$1.18M |
|
1527
TFI International
TFII
$11.3B
| $30.2M | ﹤0.01% |
253,106
+5,924
| +2% | +$690K |
|
|
LTC
1528
LTC Properties
LTC
$2.13B
| $30.2M | ﹤0.01% |
859,630
+25,018
| +3% | +$900K |
|
|
NOVA
1529
DELISTED
Sunnova Energy
NOVA
| $30.1M | ﹤0.01% |
1,930,140
+79,537
| +4% | +$1.39M |
|
1530
Methode Electronics
MEI
$594M
| $30.1M | ﹤0.01% |
685,107
+16,058
| +2% | +$744K |
|
1531
PRA Group
PRAA
$798M
| $30M | ﹤0.01% |
770,758
+34,266
| +5% | +$1.34M |
|
1532
United Natural Foods
UNFI
$2.85B
| $30M | ﹤0.01% |
1,139,443
+75,252
| +7% | +$2.74M |
|
1533
Ameresco
AMRC
$1.38B
| $30M | ﹤0.01% |
609,801
+25,285
| +4% | +$1.34M |
|
1534
Gibraltar Industries
ROCK
$1.5B
| $30M | ﹤0.01% |
617,872
+19,543
| +3% | +$999K |
|
1535
Trustmark
TRMK
$2.77B
| $30M | ﹤0.01% |
1,212,581
+52,265
| +5% | +$1.54M |
|
1536
World Kinect Corp
WKC
$1.88B
| $29.9M | ﹤0.01% |
1,171,816
+50,962
| +5% | +$1.39M |
|
|
UCTT
1537
Ultra Clean Holdings
UCTT
$3.88B
| $29.9M | ﹤0.01% |
900,416
+37,144
| +4% | +$1.23M |
|
|
VSTO
1538
DELISTED
Vista Outdoor Inc.
VSTO
| $29.7M | ﹤0.01% |
1,071,950
+42,116
| +4% | +$1.15M |
|
1539
Northwest Bancshares
NWBI
$2.28B
| $29.7M | ﹤0.01% |
2,467,568
+107,101
| +5% | +$1.45M |
|
1540
Sphere Entertainment
SPHR
$5.77B
| $29.6M | ﹤0.01% |
501,429
+18,957
| +4% | +$1.02M |
|
1541
Delek US
DK
$3.66B
| $29.6M | ﹤0.01% |
1,290,312
+55,965
| +5% | +$1.4M |
|
1542
Patrick Industries
PATK
$2.86B
| $29.6M | ﹤0.01% |
645,273
+22,797
| +4% | +$1.06M |
|
1543
Oxford Industries
OXM
$552M
| $29.6M | ﹤0.01% |
280,216
+10,795
| +4% | +$1.21M |
|
1544
Cinemark Holdings
CNK
$4.26B
| $29.5M | ﹤0.01% |
1,997,552
+91,272
| +5% | +$1.11M |
|
1545
St. Joe Company
JOE
$3.85B
| $29.5M | ﹤0.01% |
708,191
+29,455
| +4% | +$1.26M |
|
1546
Asana
ASAN
$2.09B
| $29.5M | ﹤0.01% |
1,393,948
+75,747
| +6% | +$1.26M |
|
1547
ACV Auctions
ACVA
$1.34B
| $29.4M | ﹤0.01% |
2,281,125
+75,755
| +3% | +$828K |
|
1548
Knowles
KN
$3.35B
| $29.4M | ﹤0.01% |
1,728,512
+80,447
| +5% | +$1.4M |
|
1549
Sotera Health
SHC
$5.37B
| $29.4M | ﹤0.01% |
1,638,950
+148,095
| +10% | +$2.47M |
|
|
ALEX
1550
DELISTED
Alexander & Baldwin
ALEX
| $29.3M | ﹤0.01% |
1,552,062
+67,879
| +5% | +$1.29M |
|
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.