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 | |
|---|---|---|---|---|---|---|
1676
Maravai LifeSciences
MRVI
$919M
| $23.8M | ﹤0.01% |
1,698,033
+17,511
| +1% | +$251K |
|
1677
Core & Main
CNM
$8.71B
| $23.8M | ﹤0.01% |
1,028,754
+62,477
| +6% | +$1.38M |
|
|
HCP
1678
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $23.8M | ﹤0.01% |
811,020
+109,611
| +16% | +$3.27M |
|
1679
Federal Agricultural Mortgage
AGM
$2.56B
| $23.7M | ﹤0.01% |
177,882
+9,409
| +6% | +$1.24M |
|
1680
Napco Security Technologies
NSSC
$1.48B
| $23.7M | ﹤0.01% |
629,890
+17,893
| +3% | +$570K |
|
|
SPWR
1681
DELISTED
SunPower Corporation Common Stock
SPWR
| $23.7M | ﹤0.01% |
1,709,195
+72,300
| +4% | +$1.13M |
|
1682
US Physical Therapy
USPH
$1.22B
| $23.5M | ﹤0.01% |
240,055
-13,747
| -5% | -$1.31M |
|
1683
Cars.com
CARS
$689M
| $23.5M | ﹤0.01% |
1,215,900
+34,660
| +3% | +$590K |
|
1684
Westamerica Bancorp
WABC
$1.37B
| $23.4M | ﹤0.01% |
528,286
+23,934
| +5% | +$1.29M |
|
1685
DNOW Inc
DNOW
$3.02B
| $23.3M | ﹤0.01% |
2,090,352
+77,336
| +4% | +$968K |
|
1686
Ligand Pharmaceuticals
LGND
$5.88B
| $23.3M | ﹤0.01% |
316,799
+16,129
| +5% | +$1.15M |
|
1687
FuelCell Energy
FCEL
$1.63B
| $23.3M | ﹤0.01% |
272,047
+13,674
| +5% | +$1.35M |
|
|
ZUO
1688
DELISTED
Zuora, Inc.
ZUO
| $23.3M | ﹤0.01% |
2,353,932
+158,705
| +7% | +$1.33M |
|
1689
Encore Capital Group
ECPG
$2.13B
| $23.2M | ﹤0.01% |
460,620
+12,226
| +3% | +$639K |
|
1690
Pathward Financial
CASH
$1.83B
| $23.2M | ﹤0.01% |
560,019
-63,470
| -10% | -$2.99M |
|
|
MNTV
1691
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $23.2M | ﹤0.01% |
2,487,163
+114,999
| +5% | +$902K |
|
1692
Digi International
DGII
$3.1B
| $23.2M | ﹤0.01% |
688,060
+37,408
| +6% | +$1.28M |
|
1693
TriMas Corp
TRS
$1.44B
| $23.2M | ﹤0.01% |
831,091
+29,177
| +4% | +$856K |
|
1694
Kymera Therapeutics
KYMR
$8.94B
| $23.1M | ﹤0.01% |
780,829
+33,758
| +5% | +$1.09M |
|
1695
Kaiser Aluminum
KALU
$3.02B
| $23.1M | ﹤0.01% |
309,801
+14,156
| +5% | +$1.14M |
|
1696
Chefs' Warehouse
CHEF
$4.5B
| $23.1M | ﹤0.01% |
677,990
+30,469
| +5% | +$1.07M |
|
1697
Pediatrix Medical
MD
$2.2B
| $23.1M | ﹤0.01% |
1,548,235
+61,284
| +4% | +$928K |
|
|
AVTA
1698
DELISTED
Avantax, Inc. Common Stock
AVTA
| $23.1M | ﹤0.01% |
876,178
-736
| -0.1% | -$20K |
|
1699
Hope Bancorp
HOPE
$1.79B
| $23M | ﹤0.01% |
2,345,145
+88,492
| +4% | +$1.08M |
|
1700
GitLab
GTLB
$6.58B
| $23M | ﹤0.01% |
671,169
+45,251
| +7% | +$1.99M |
|
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.