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 | |
|---|---|---|---|---|---|---|
1601
LiveRamp
RAMP
$2.3B
| $27.1M | ﹤0.01% |
1,233,995
+14,281
| +1% | +$341K |
|
1602
Cannae Holdings
CNNE
$653M
| $27M | ﹤0.01% |
1,340,366
+46,049
| +4% | +$1.02M |
|
1603
TriCo Bancshares
TCBK
$1.84B
| $27M | ﹤0.01% |
650,207
+25,262
| +4% | +$1.22M |
|
|
TWO
1604
Two Harbors Investment
TWO
$1.27B
| $27M | ﹤0.01% |
1,837,554
+265,188
| +17% | +$4.31M |
|
1605
City Holding Co
CHCO
$2.05B
| $27M | ﹤0.01% |
297,168
+11,692
| +4% | +$1.11M |
|
|
EVBG
1606
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $27M | ﹤0.01% |
778,749
+32,347
| +4% | +$1.03M |
|
|
DEA
1607
Easterly Government Properties
DEA
$1.18B
| $27M | ﹤0.01% |
785,034
+26,915
| +4% | +$1.01M |
|
1608
Enerpac Tool Group
EPAC
$1.92B
| $26.9M | ﹤0.01% |
1,055,673
+37,237
| +4% | +$982K |
|
1609
Palomar
PLMR
$3.53B
| $26.9M | ﹤0.01% |
487,297
+21,170
| +5% | +$1.13M |
|
1610
Hilltop Holdings
HTH
$2.24B
| $26.8M | ﹤0.01% |
904,157
+25,268
| +3% | +$797K |
|
|
SUMO
1611
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $26.8M | ﹤0.01% |
2,234,880
+124,936
| +6% | +$1.37M |
|
1612
Middlesex Water
MSEX
$1.09B
| $26.7M | ﹤0.01% |
341,927
+11,666
| +4% | +$941K |
|
|
NVEE
1613
DELISTED
NV5 Global
NVEE
| $26.7M | ﹤0.01% |
1,027,416
+40,796
| +4% | +$1.22M |
|
1614
Upwork
UPWK
$1.19B
| $26.6M | ﹤0.01% |
2,351,525
+110,288
| +5% | +$1.31M |
|
|
WNS
1615
DELISTED
WNS Holdings
WNS
| $26.5M | ﹤0.01% |
284,696
+9,404
| +3% | +$819K |
|
1616
Vericel Corp
VCEL
$2.3B
| $26.4M | ﹤0.01% |
899,798
+36,469
| +4% | +$1.06M |
|
1617
Virtus Investment Partners
VRTS
$1.11B
| $26.4M | ﹤0.01% |
138,420
+6,552
| +5% | +$1.33M |
|
1618
Andersons Inc
ANDE
$2.26B
| $26.3M | ﹤0.01% |
637,656
+25,008
| +4% | +$988K |
|
1619
Horace Mann Educators
HMN
$2.12B
| $26.3M | ﹤0.01% |
785,932
+35,334
| +5% | +$1.26M |
|
1620
3D Systems Corp
DDD
$616M
| $26.3M | ﹤0.01% |
2,450,582
+81,668
| +3% | +$833K |
|
1621
Kforce
KFRC
$1.06B
| $26.3M | ﹤0.01% |
415,126
+714
| +0.2% | +$42.4K |
|
1622
Enova International
ENVA
$6.35B
| $26.2M | ﹤0.01% |
590,108
+14,996
| +3% | +$680K |
|
1623
Reynolds Consumer Products
REYN
$5.58B
| $26.2M | ﹤0.01% |
952,880
+53,536
| +6% | +$1.51M |
|
1624
Amylyx Pharmaceuticals
AMLX
$2.56B
| $26.1M | ﹤0.01% |
890,982
+37,069
| +4% | +$1.29M |
|
|
AIV
1625
Aimco
AIV
$386M
| $26.1M | ﹤0.01% |
3,398,866
+45,635
| +1% | +$340K |
|
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.