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 | |
|---|---|---|---|---|---|---|
1576
Dana Inc
DAN
$3.06B
| $36M | ﹤0.01% |
2,831,019
+79,558
| +3% | +$1.03M |
|
1577
ICU Medical
ICUI
$4.61B
| $35.9M | ﹤0.01% |
334,798
+10,163
| +3% | +$1.01M |
|
|
AKRO
1578
DELISTED
Akero Therapeutics
AKRO
| $35.9M | ﹤0.01% |
1,419,307
+253,062
| +22% | +$6.08M |
|
1579
Cracker Barrel
CBRL
$1.29B
| $35.8M | ﹤0.01% |
491,522
+14,092
| +3% | +$1.02M |
|
1580
Atlanta Braves Holdings Series B
BATRK
$3.21B
| $35.7M | ﹤0.01% |
914,574
+28,390
| +3% | +$1.12M |
|
1581
La-Z-Boy
LZB
$1.69B
| $35.7M | ﹤0.01% |
949,498
+21,451
| +2% | +$784K |
|
|
BBBY
1582
Bed Bath & Beyond
BBBY
$442M
| $35.7M | ﹤0.01% |
1,093,777
+32,154
| +3% | +$827K |
|
1583
Cohu
COHU
$2.5B
| $35.6M | ﹤0.01% |
1,069,023
+24,321
| +2% | +$792K |
|
1584
DNOW Inc
DNOW
$2.99B
| $35.6M | ﹤0.01% |
2,341,541
+63,189
| +3% | +$763K |
|
1585
Newmark Group
NMRK
$2.63B
| $35.5M | ﹤0.01% |
3,202,321
+64,018
| +2% | +$670K |
|
1586
The Greenbrier Companies
GBX
$1.46B
| $35.4M | ﹤0.01% |
679,952
+20,872
| +3% | +$1M |
|
|
JBGS
1587
JBG SMITH
JBGS
$708M
| $35.4M | ﹤0.01% |
2,207,140
-55,652
| -2% | -$927K |
|
1588
Fastly Inc
FSLY
$3.66B
| $35.3M | ﹤0.01% |
2,717,651
+150,733
| +6% | +$2.55M |
|
|
UNIT
1589
Uniti Group
UNIT
$2.32B
| $35.2M | ﹤0.01% |
5,966,377
+121,304
| +2% | +$693K |
|
1590
City Holding Co
CHCO
$2.04B
| $35.2M | ﹤0.01% |
337,506
+5,893
| +2% | +$608K |
|
1591
World Kinect Corp
WKC
$1.86B
| $35M | ﹤0.01% |
1,321,222
+46,025
| +4% | +$1.09M |
|
1592
Upwork
UPWK
$1.19B
| $34.9M | ﹤0.01% |
2,842,501
+97,034
| +4% | +$1.32M |
|
1593
Mobileye
MBLY
$2.2B
| $34.8M | ﹤0.01% |
1,083,183
+206,266
| +24% | +$5.86M |
|
1594
Telephone and Data Systems
TDS
$3.75B
| $34.7M | ﹤0.01% |
2,165,370
+54,984
| +3% | +$938K |
|
1595
Zeta Global
ZETA
$6.69B
| $34.7M | ﹤0.01% |
3,173,054
+131,093
| +4% | +$1.31M |
|
1596
Madison Square Garden
MSGE
$3.62B
| $34.6M | ﹤0.01% |
882,721
+27,659
| +3% | +$986K |
|
1597
Lumen
LUMN
$6.44B
| $34.6M | ﹤0.01% |
22,183,169
+629,530
| +3% | +$984K |
|
1598
CTS Corp
CTS
$1.89B
| $34.6M | ﹤0.01% |
739,440
+29,660
| +4% | +$1.3M |
|
1599
Telus
TU
$15.3B
| $34.4M | ﹤0.01% |
2,090,822
+141,941
| +7% | +$2.48M |
|
|
PRO
1600
DELISTED
PROS Holdings
PRO
| $34.4M | ﹤0.01% |
947,245
+28,035
| +3% | +$992K |
|
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.