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 | |
|---|---|---|---|---|---|---|
|
DO
1726
DELISTED
Diamond Offshore Drilling, Inc.
DO
| $22.4M | ﹤0.01% |
1,862,358
+68,435
| +4% | +$787K |
|
1727
Under Armour Class C
UA
$2.53B
| $22.4M | ﹤0.01% |
2,624,739
+7,517
| +0.3% | +$69.1K |
|
1728
Joby Aviation
JOBY
$8.55B
| $22.3M | ﹤0.01% |
5,145,748
+268,977
| +6% | +$1.11M |
|
1729
Cerence
CRNC
$413M
| $22.3M | ﹤0.01% |
794,572
+51,954
| +7% | +$1.33M |
|
1730
Mativ Holdings
MATV
$711M
| $22.3M | ﹤0.01% |
1,039,175
+42,279
| +4% | +$1.04M |
|
|
MODN
1731
DELISTED
MODEL N, INC.
MODN
| $22.2M | ﹤0.01% |
663,542
+39,123
| +6% | +$1.43M |
|
1732
Skywest
SKYW
$4.34B
| $22.2M | ﹤0.01% |
1,001,393
+59,081
| +6% | +$1.16M |
|
|
STEL
1733
DELISTED
Stellar Bancorp
STEL
| $22.1M | ﹤0.01% |
896,408
+31,760
| +4% | +$893K |
|
1734
Modine Manufacturing
MOD
$10.4B
| $22.1M | ﹤0.01% |
956,857
+32,848
| +4% | +$758K |
|
|
KDNY
1735
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $22M | ﹤0.01% |
948,551
+34,325
| +4% | +$818K |
|
|
NTST
1736
NETSTREIT Corp
NTST
$2.1B
| $21.9M | ﹤0.01% |
1,195,602
+37,952
| +3% | +$732K |
|
1737
Digital Turbine
APPS
$1.74B
| $21.9M | ﹤0.01% |
1,767,968
+78,013
| +5% | +$1.05M |
|
1738
Employers Holdings
EIG
$889M
| $21.8M | ﹤0.01% |
523,975
+22,476
| +4% | +$962K |
|
1739
CryoPort
CYRX
$762M
| $21.8M | ﹤0.01% |
909,693
+37,915
| +4% | +$824K |
|
1740
Wabash National
WNC
$527M
| $21.8M | ﹤0.01% |
886,650
+23,332
| +3% | +$605K |
|
1741
Sterling Infrastructure
STRL
$16.7B
| $21.8M | ﹤0.01% |
575,333
+21,941
| +4% | +$801K |
|
1742
Safety Insurance
SAFT
$1.52B
| $21.7M | ﹤0.01% |
291,483
+13,502
| +5% | +$1.1M |
|
1743
Matthews International
MATW
$739M
| $21.7M | ﹤0.01% |
602,206
+21,262
| +4% | +$783K |
|
1744
Construction Partners
ROAD
$6.77B
| $21.7M | ﹤0.01% |
804,954
+39,418
| +5% | +$1.07M |
|
1745
OceanFirst Financial
OCFC
$1.91B
| $21.6M | ﹤0.01% |
1,170,490
+43,793
| +4% | +$970K |
|
|
AVID
1746
DELISTED
Avid Technology Inc
AVID
| $21.6M | ﹤0.01% |
674,861
+20,562
| +3% | +$608K |
|
1747
Compass Minerals
CMP
$1.15B
| $21.5M | ﹤0.01% |
628,424
+23,647
| +4% | +$946K |
|
|
PMT
1748
PennyMac Mortgage Investment
PMT
$842M
| $21.5M | ﹤0.01% |
1,745,489
+96,067
| +6% | +$1.29M |
|
1749
Photronics
PLAB
$1.93B
| $21.5M | ﹤0.01% |
1,297,635
+10,955
| +0.9% | +$193K |
|
1750
ADT
ADT
$5.58B
| $21.4M | ﹤0.01% |
2,963,253
+131,633
| +5% | +$1.07M |
|
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.