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 | |
|---|---|---|---|---|---|---|
1701
Apogee Enterprises
APOG
$908M
| $29.2M | ﹤0.01% |
492,485
+12,844
| +3% | +$710K |
|
1702
GFL Environmental
GFL
$14.9B
| $29.1M | ﹤0.01% |
849,411
+27,797
| +3% | +$960K |
|
1703
Clearway Energy Class C
CWEN
$6.7B
| $29M | ﹤0.01% |
1,256,778
-381,385
| -23% | -$8.97M |
|
1704
Dorian LPG
LPG
$1.96B
| $28.9M | ﹤0.01% |
752,508
+22,946
| +3% | +$885K |
|
1705
Buckle
BKE
$2.37B
| $28.9M | ﹤0.01% |
717,996
+26,182
| +4% | +$1.03M |
|
1706
Orion
OEC
$409M
| $28.9M | ﹤0.01% |
1,226,900
+32,858
| +3% | +$760K |
|
|
VRE
1707
DELISTED
Veris Residential
VRE
| $28.8M | ﹤0.01% |
1,896,350
+41,712
| +2% | +$631K |
|
1708
Sally Beauty Holdings
SBH
$1.58B
| $28.8M | ﹤0.01% |
2,320,031
+57,472
| +3% | +$720K |
|
1709
Janus International
JBI
$757M
| $28.8M | ﹤0.01% |
1,904,147
+53,332
| +3% | +$775K |
|
1710
First Busey Corp
BUSE
$2.56B
| $28.7M | ﹤0.01% |
1,193,468
+32,146
| +3% | +$755K |
|
1711
Sphere Entertainment
SPHR
$5.73B
| $28.7M | ﹤0.01% |
584,130
+17,712
| +3% | +$710K |
|
1712
Kinross Gold
KGC
$32.8B
| $28.6M | ﹤0.01% |
4,692,884
+291,872
| +7% | +$1.59M |
|
1713
Perdoceo Education
PRDO
$2.12B
| $28.5M | ﹤0.01% |
1,625,634
+58,776
| +4% | +$1.04M |
|
1714
Collegium Pharmaceutical
COLL
$956M
| $28.5M | ﹤0.01% |
733,548
+2,282
| +0.3% | +$79.8K |
|
|
LADR
1715
Ladder Capital
LADR
$1.24B
| $28.5M | ﹤0.01% |
2,555,994
+87,741
| +4% | +$964K |
|
|
SVC
1716
Service Properties Trust
SVC
$1.07B
| $28.4M | ﹤0.01% |
838,742
+18,070
| +2% | +$670K |
|
1717
Agilon Health
AGL
$1.6B
| $28.4M | ﹤0.01% |
186,145
+6,587
| +4% | +$1.1M |
|
|
KAMN
1718
DELISTED
Kaman Corp
KAMN
| $28.2M | ﹤0.01% |
614,485
+6,534
| +1% | +$268K |
|
1719
Quanex
NX
$1.01B
| $28.2M | ﹤0.01% |
732,454
+25,985
| +4% | +$866K |
|
1720
Phinia Inc
PHIN
$2.74B
| $28.1M | ﹤0.01% |
731,164
+32,770
| +5% | +$1.07M |
|
1721
S&T Bancorp
STBA
$1.79B
| $28.1M | ﹤0.01% |
875,833
+26,529
| +3% | +$850K |
|
|
PMT
1722
PennyMac Mortgage Investment
PMT
$842M
| $28.1M | ﹤0.01% |
1,913,023
+40,899
| +2% | +$585K |
|
1723
Universal Corp
UVV
$1.27B
| $28M | ﹤0.01% |
541,631
+21,268
| +4% | +$1.16M |
|
1724
Utz Brands
UTZ
$1.25B
| $28M | ﹤0.01% |
1,518,319
+43,459
| +3% | +$774K |
|
1725
Lindsay Corp
LNN
$1.18B
| $28M | ﹤0.01% |
237,859
+5,522
| +2% | +$686K |
|
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.