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 | |
|---|---|---|---|---|---|---|
1626
Pathward Financial
CASH
$1.8B
| $33.2M | ﹤0.01% |
657,248
+21,380
| +3% | +$1.09M |
|
1627
Ryanair
RYAAY
$31.3B
| $33.1M | ﹤0.01% |
568,715
-4,648
| -0.8% | -$253K |
|
1628
Powell Industries
POWL
$7.71B
| $33.1M | ﹤0.01% |
698,016
+79,287
| +13% | +$3.39M |
|
1629
Viper Energy
VNOM
$14.7B
| $32.9M | ﹤0.01% |
854,388
+780,400
| +1,055% | +$26.4M |
|
1630
John Wiley & Sons Class A
WLY
$2.66B
| $32.8M | ﹤0.01% |
859,853
+24,233
| +3% | +$829K |
|
|
RC
1631
Ready Capital
RC
$308M
| $32.7M | ﹤0.01% |
3,577,241
+116,122
| +3% | +$1.08M |
|
|
GTY
1632
Getty Realty Corp
GTY
$2.07B
| $32.6M | ﹤0.01% |
1,193,564
+46,916
| +4% | +$1.29M |
|
1633
Vipshop
VIPS
$7.53B
| $32.5M | ﹤0.01% |
1,973,598
-513,339
| -21% | -$8.64M |
|
1634
Kforce
KFRC
$1.06B
| $32.4M | ﹤0.01% |
459,991
+5,199
| +1% | +$356K |
|
|
EVBG
1635
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $32.4M | ﹤0.01% |
929,724
+29,258
| +3% | +$824K |
|
|
HTLF
1636
DELISTED
Heartland Financial USA, Inc.
HTLF
| $32.4M | ﹤0.01% |
921,162
+15,500
| +2% | +$541K |
|
1637
Cannae Holdings
CNNE
$649M
| $32.3M | ﹤0.01% |
1,453,730
+12,060
| +0.8% | +$255K |
|
1638
Green Plains
GPRE
$1.03B
| $32.3M | ﹤0.01% |
1,397,680
+94,175
| +7% | +$2.06M |
|
1639
Westamerica Bancorp
WABC
$1.37B
| $32.3M | ﹤0.01% |
661,044
+24,013
| +4% | +$1.16M |
|
1640
Empire State Realty Trust
ESRT
$836M
| $32.3M | ﹤0.01% |
3,187,899
+103,828
| +3% | +$1.02M |
|
1641
Kaiser Aluminum
KALU
$3.02B
| $32.3M | ﹤0.01% |
361,266
+10,601
| +3% | +$743K |
|
1642
AtriCure
ATRC
$2.11B
| $32.3M | ﹤0.01% |
1,060,839
+28,315
| +3% | +$948K |
|
1643
PagSeguro Digital
PAGS
$2.55B
| $32M | ﹤0.01% |
2,243,405
+56,270
| +3% | +$745K |
|
1644
Helios Technologies
HLIO
$2.76B
| $31.9M | ﹤0.01% |
714,665
+20,567
| +3% | +$883K |
|
1645
Central Garden & Pet Co Class A
CENTA
$2.44B
| $31.8M | ﹤0.01% |
862,214
+144,370
| +20% | +$5.12M |
|
1646
Plug Power
PLUG
$3.04B
| $31.8M | ﹤0.01% |
9,252,705
+379,694
| +4% | +$1.41M |
|
1647
Victory Capital Holdings
VCTR
$6.65B
| $31.8M | ﹤0.01% |
749,752
+21,886
| +3% | +$807K |
|
1648
ADMA Biologics
ADMA
$2.22B
| $31.7M | ﹤0.01% |
4,806,106
+158,169
| +3% | +$865K |
|
1649
MaxLinear
MXL
$6.8B
| $31.7M | ﹤0.01% |
1,698,068
+57,736
| +4% | +$1.15M |
|
1650
LeMaitre Vascular
LMAT
$1.86B
| $31.7M | ﹤0.01% |
477,644
+19,106
| +4% | +$1.18M |
|
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.