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 | |
|---|---|---|---|---|---|---|
1576
Acadia Realty Trust
AKR
$2.87B
| $28.3M | ﹤0.01% |
2,028,837
+94,967
| +5% | +$1.38M |
|
1577
StoneCo
STNE
$2.58B
| $28.3M | ﹤0.01% |
2,961,819
+312,245
| +12% | +$2.99M |
|
1578
Descartes Systems
DSGX
$6.76B
| $28.2M | ﹤0.01% |
347,047
+23,119
| +7% | +$1.72M |
|
1579
Orion
OEC
$408M
| $28.2M | ﹤0.01% |
1,080,859
+40,012
| +4% | +$905K |
|
1580
Driven Brands
DRVN
$2.16B
| $28.2M | ﹤0.01% |
930,125
+29,598
| +3% | +$838K |
|
1581
Standex International
SXI
$4.13B
| $28.1M | ﹤0.01% |
229,809
+12,802
| +6% | +$1.46M |
|
|
OPLN
1582
Openlane
OPLN
$4.61B
| $28.1M | ﹤0.01% |
2,054,080
+54,483
| +3% | +$756K |
|
1583
Schrodinger
SDGR
$1.33B
| $28M | ﹤0.01% |
1,063,006
+54,639
| +5% | +$1.3M |
|
|
LSXMA
1584
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $27.8M | ﹤0.01% |
1,349,290
+39,398
| +3% | +$988K |
|
1585
Ironwood Pharmaceuticals
IRWD
$706M
| $27.7M | ﹤0.01% |
2,633,804
+118,514
| +5% | +$1.33M |
|
1586
XPEL
XPEL
$1.37B
| $27.6M | ﹤0.01% |
405,912
+18,525
| +5% | +$1.31M |
|
1587
Ingles Markets
IMKTA
$1.63B
| $27.5M | ﹤0.01% |
310,390
+947
| +0.3% | +$87.9K |
|
|
PGTI
1588
DELISTED
PGT, Inc.
PGTI
| $27.5M | ﹤0.01% |
1,093,991
+43,713
| +4% | +$927K |
|
1589
Tencent Music
TME
$15.5B
| $27.5M | ﹤0.01% |
3,336,636
+103,856
| +3% | +$850K |
|
1590
Griffon
GFF
$4.87B
| $27.5M | ﹤0.01% |
857,699
+20,103
| +2% | +$736K |
|
1591
FTAI Aviation
FTAI
$22.4B
| $27.4M | ﹤0.01% |
980,928
+16,623
| +2% | +$393K |
|
1592
TTM Technologies
TTMI
$14.6B
| $27.4M | ﹤0.01% |
2,030,503
+79,932
| +4% | +$1.16M |
|
|
SIX
1593
DELISTED
Six Flags Entertainment Corp.
SIX
| $27.4M | ﹤0.01% |
1,024,372
+37,112
| +4% | +$991K |
|
1594
Travere Therapeutics
TVTX
$5.8B
| $27.4M | ﹤0.01% |
1,216,574
+119,563
| +11% | +$2.54M |
|
1595
Sabre
SABR
$818M
| $27.3M | ﹤0.01% |
6,374,709
+278,109
| +5% | +$1.59M |
|
|
MRTX
1596
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $27.3M | ﹤0.01% |
735,288
+27,943
| +4% | +$1.26M |
|
1597
nCino
NCNO
$2.1B
| $27.3M | ﹤0.01% |
1,101,408
+30,219
| +3% | +$797K |
|
1598
Expro Ltd
XPRO
$1.94B
| $27.3M | ﹤0.01% |
1,486,187
+154,117
| +12% | +$3.02M |
|
1599
Algonquin Power & Utilities
AQN
$4.43B
| $27.3M | ﹤0.01% |
3,036,897
+609,313
| +25% | +$4.58M |
|
1600
Provident Financial Services
PFS
$3.22B
| $27.2M | ﹤0.01% |
1,416,186
+38,752
| +3% | +$857K |
|
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.