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 | |
|---|---|---|---|---|---|---|
1551
National Vision
EYE
$1.8B
| $29.3M | ﹤0.01% |
1,553,154
+51,193
| +3% | +$1.67M |
|
|
INFN
1552
DELISTED
Infinera Corporation Common Stock
INFN
| $29.2M | ﹤0.01% |
3,768,491
+146,105
| +4% | +$1.06M |
|
1553
Bread Financial
BFH
$4.4B
| $29.2M | ﹤0.01% |
961,381
+40,778
| +4% | +$1.53M |
|
1554
National Beverage
FIZZ
$2.99B
| $29.1M | ﹤0.01% |
552,781
+6,971
| +1% | +$325K |
|
1555
Globant
GLOB
$1.6B
| $29.1M | ﹤0.01% |
177,509
+8,880
| +5% | +$1.45M |
|
1556
Bank of Hawaii
BOH
$3.13B
| $29M | ﹤0.01% |
557,767
+20,542
| +4% | +$1.44M |
|
|
GAP
1557
The Gap Inc
GAP
$7.38B
| $29M | ﹤0.01% |
2,891,096
+83,032
| +3% | +$1.01M |
|
1558
Allegiant Air
ALGT
$2.58B
| $28.9M | ﹤0.01% |
314,482
+8,542
| +3% | +$768K |
|
1559
Harmonic Inc
HLIT
$1.29B
| $28.9M | ﹤0.01% |
1,981,588
+111,942
| +6% | +$1.54M |
|
1560
Relay Therapeutics
RLAY
$4.17B
| $28.9M | ﹤0.01% |
1,754,530
+60,409
| +4% | +$1.08M |
|
1561
Weis Markets
WMK
$1.85B
| $28.9M | ﹤0.01% |
341,210
+1,844
| +0.5% | +$154K |
|
1562
Global Net Lease
GNL
$1.93B
| $28.9M | ﹤0.01% |
2,243,621
+88,762
| +4% | +$1.22M |
|
1563
MGP Ingredients
MGPI
$376M
| $28.8M | ﹤0.01% |
297,299
+13,797
| +5% | +$1.35M |
|
1564
Astrana Health
ASTH
$1.77B
| $28.7M | ﹤0.01% |
787,303
+30,007
| +4% | +$1.05M |
|
1565
Privia Health
PRVA
$2.79B
| $28.6M | ﹤0.01% |
1,037,189
+89,824
| +9% | +$2.37M |
|
1566
First Bancorp
FBNC
$2.67B
| $28.6M | ﹤0.01% |
806,140
+109,233
| +16% | +$4.34M |
|
1567
NBT Bancorp
NBTB
$2.75B
| $28.6M | ﹤0.01% |
848,278
+38,954
| +5% | +$1.53M |
|
|
MDRX
1568
DELISTED
Veradigm Inc. Common Stock
MDRX
| $28.5M | ﹤0.01% |
2,187,233
+94,441
| +5% | +$1.53M |
|
1569
Amphastar Pharmaceuticals
AMPH
$928M
| $28.5M | ﹤0.01% |
759,981
+37,700
| +5% | +$1.24M |
|
1570
Nelnet
NNI
$4.71B
| $28.4M | ﹤0.01% |
309,338
+11,773
| +4% | +$1.09M |
|
|
SILK
1571
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $28.4M | ﹤0.01% |
725,331
+33,968
| +5% | +$1.66M |
|
|
HEES
1572
DELISTED
H&E Equipment Services
HEES
| $28.3M | ﹤0.01% |
640,764
+26,547
| +4% | +$1.29M |
|
1573
Par Pacific Holdings
PARR
$3.44B
| $28.3M | ﹤0.01% |
970,205
+48,949
| +5% | +$1.31M |
|
1574
Parsons
PSN
$5.07B
| $28.3M | ﹤0.01% |
633,033
+28,951
| +5% | +$1.27M |
|
|
EVRI
1575
DELISTED
Everi Holdings
EVRI
| $28.3M | ﹤0.01% |
1,650,899
+74,877
| +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.