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 | |
|---|---|---|---|---|---|---|
1651
StepStone Group
STEP
$3.82B
| $25M | ﹤0.01% |
1,028,480
+45,843
| +5% | +$1.25M |
|
1652
Atlanta Braves Holdings Series B
BATRK
$3.21B
| $24.9M | ﹤0.01% |
740,414
+43,431
| +6% | +$1.46M |
|
1653
Archrock
AROC
$5.8B
| $24.9M | ﹤0.01% |
2,545,887
+89,310
| +4% | +$875K |
|
|
BRSL
1654
Brightstar Lottery PLC
BRSL
$2.03B
| $24.8M | ﹤0.01% |
926,557
+54,846
| +6% | +$1.4M |
|
1655
Universal Corp
UVV
$1.27B
| $24.8M | ﹤0.01% |
468,622
+19,624
| +4% | +$1.03M |
|
|
NEX
1656
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $24.7M | ﹤0.01% |
3,110,157
+149,776
| +5% | +$1.34M |
|
1657
Wolverine World Wide
WWW
$1.55B
| $24.7M | ﹤0.01% |
1,449,852
+61,843
| +4% | +$943K |
|
1658
Energy Recovery
ERII
$443M
| $24.6M | ﹤0.01% |
1,065,523
+52,600
| +5% | +$1.16M |
|
1659
Malibu Boats
MBUU
$567M
| $24.6M | ﹤0.01% |
435,017
+9,130
| +2% | +$534K |
|
1660
PDF Solutions
PDFS
$2.07B
| $24.5M | ﹤0.01% |
578,850
+29,601
| +5% | +$1.04M |
|
1661
Baidu
BIDU
$37.2B
| $24.5M | ﹤0.01% |
162,413
-12,022
| -7% | -$1.71M |
|
1662
Marten Transport
MRTN
$1.22B
| $24.5M | ﹤0.01% |
1,169,551
+32,109
| +3% | +$683K |
|
1663
Tennant Co
TNC
$1.26B
| $24.3M | ﹤0.01% |
354,672
+20,832
| +6% | +$1.41M |
|
1664
First Commonwealth Financial
FCF
$2.17B
| $24.3M | ﹤0.01% |
1,954,448
+249,926
| +15% | +$3.6M |
|
1665
Upbound Group
UPBD
$1.16B
| $24.3M | ﹤0.01% |
989,409
+27,641
| +3% | +$712K |
|
1666
Hillman Solutions
HLMN
$1.79B
| $24.2M | ﹤0.01% |
2,879,543
+350,632
| +14% | +$3.05M |
|
|
SAFE
1667
Safehold
SAFE
$1.15B
| $24.2M | ﹤0.01% |
824,500
+565,835
| +219% | +$28.4M |
|
1668
RadNet
RDNT
$5.69B
| $24.2M | ﹤0.01% |
964,859
+32,556
| +3% | +$708K |
|
|
PRMW
1669
DELISTED
Primo Water Corporation
PRMW
| $24.1M | ﹤0.01% |
1,570,819
+85,424
| +6% | +$1.31M |
|
1670
S&T Bancorp
STBA
$1.79B
| $24.1M | ﹤0.01% |
766,130
+32,069
| +4% | +$1.12M |
|
1671
SL Green Realty
SLG
$3.99B
| $24.1M | ﹤0.01% |
1,024,145
-340,341
| -25% | -$11.5M |
|
|
ARI
1672
Apollo Commercial Real Estate
ARI
$885M
| $24.1M | ﹤0.01% |
2,586,958
+107,180
| +4% | +$1.19M |
|
1673
La-Z-Boy
LZB
$1.69B
| $24M | ﹤0.01% |
824,928
+25,502
| +3% | +$725K |
|
|
ATSG
1674
DELISTED
Air Transport Services Group
ATSG
| $23.9M | ﹤0.01% |
1,149,744
+51,941
| +5% | +$1.25M |
|
|
NVRO
1675
DELISTED
NEVRO CORP.
NVRO
| $23.8M | ﹤0.01% |
658,713
+31,475
| +5% | +$1.11M |
|
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.