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 | |
|---|---|---|---|---|---|---|
1601
Recursion Pharmaceuticals
RXRX
$1.73B
| $34.4M | ﹤0.01% |
3,451,165
+125,180
| +4% | +$1.39M |
|
1602
Enterprise Financial Services Corp
EFSC
$2.39B
| $34.4M | ﹤0.01% |
847,564
+21,470
| +3% | +$880K |
|
|
LSXMA
1603
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $34.4M | ﹤0.01% |
1,156,790
+78,996
| +7% | +$2.37M |
|
1604
NIO
NIO
$11.9B
| $34.3M | ﹤0.01% |
7,653,290
+320,439
| +4% | +$1.93M |
|
1605
Northwest Bancshares
NWBI
$2.28B
| $34.1M | ﹤0.01% |
2,930,294
+91,621
| +3% | +$1.09M |
|
1606
Liberty Live Group Series C
LLYVK
$9.46B
| $34.1M | ﹤0.01% |
778,793
+15,108
| +2% | +$578K |
|
1607
Helix Energy Solutions
HLX
$1.41B
| $34.1M | ﹤0.01% |
3,148,317
+107,058
| +4% | +$1.04M |
|
1608
Brady Corp
BRC
$4.57B
| $34.1M | ﹤0.01% |
575,561
+30,518
| +6% | +$1.82M |
|
1609
Green Brick Partners
GRBK
$3.14B
| $34.1M | ﹤0.01% |
565,318
+14,348
| +3% | +$769K |
|
1610
Harmonic Inc
HLIT
$1.28B
| $34M | ﹤0.01% |
2,528,032
+73,731
| +3% | +$941K |
|
|
CSGS
1611
DELISTED
CSG Systems International
CSGS
| $34M | ﹤0.01% |
659,126
-1,921
| -0.3% | -$99.8K |
|
|
ARI
1612
Apollo Commercial Real Estate
ARI
$885M
| $33.8M | ﹤0.01% |
3,037,772
+73,333
| +2% | +$822K |
|
1613
Navient
NAVI
$853M
| $33.7M | ﹤0.01% |
1,937,309
+14,314
| +0.7% | +$241K |
|
1614
First Bancorp
FBNC
$2.68B
| $33.7M | ﹤0.01% |
932,700
+23,438
| +3% | +$817K |
|
1615
QuantumScape Corp
QS
$3.74B
| $33.6M | ﹤0.01% |
5,344,099
+192,851
| +4% | +$1.3M |
|
1616
AstraZeneca
AZN
$250B
| $33.6M | ﹤0.01% |
247,929
+2,746
| +1% | +$364K |
|
1617
PROG Holdings
PRG
$1.71B
| $33.5M | ﹤0.01% |
973,947
+20,123
| +2% | +$633K |
|
1618
Schrodinger
SDGR
$1.36B
| $33.5M | ﹤0.01% |
1,239,135
+35,550
| +3% | +$994K |
|
|
JWN
1619
DELISTED
Nordstrom
JWN
| $33.5M | ﹤0.01% |
1,650,439
+72,488
| +5% | +$1.37M |
|
1620
Certara
CERT
$1.25B
| $33.4M | ﹤0.01% |
1,869,034
+70,259
| +4% | +$1.21M |
|
|
PRMW
1621
DELISTED
Primo Water Corporation
PRMW
| $33.4M | ﹤0.01% |
1,834,087
+48,832
| +3% | +$769K |
|
|
LTC
1622
LTC Properties
LTC
$2.15B
| $33.4M | ﹤0.01% |
1,026,708
+40,489
| +4% | +$1.29M |
|
1623
Customers Bancorp
CUBI
$2.77B
| $33.3M | ﹤0.01% |
628,258
+20,999
| +3% | +$1.11M |
|
1624
Donnelley Financial Solutions
DFIN
$1.16B
| $33.2M | ﹤0.01% |
535,653
+14,277
| +3% | +$893K |
|
1625
Horace Mann Educators
HMN
$2.11B
| $33.2M | ﹤0.01% |
896,943
+18,173
| +2% | +$644K |
|
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.