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 | |
|---|---|---|---|---|---|---|
|
INFN
1751
DELISTED
Infinera Corporation Common Stock
INFN
| $26.9M | ﹤0.01% |
4,464,981
+112,963
| +3% | +$567K |
|
|
SCS
1752
DELISTED
Steelcase
SCS
| $26.9M | ﹤0.01% |
2,054,342
+65,580
| +3% | +$842K |
|
1753
Seadrill
SDRL
$2.7B
| $26.7M | ﹤0.01% |
530,327
-27,854
| -5% | -$1.27M |
|
|
AAT
1754
American Assets Trust
AAT
$1.4B
| $26.7M | ﹤0.01% |
1,216,632
+35,075
| +3% | +$774K |
|
1755
Futu Holdings
FUTU
$15.3B
| $26.6M | ﹤0.01% |
497,627
+18,925
| +4% | +$976K |
|
1756
Viasat
VSAT
$11.1B
| $26.5M | ﹤0.01% |
1,465,657
+48,436
| +3% | +$1.02M |
|
|
ZUO
1757
DELISTED
Zuora, Inc.
ZUO
| $26.5M | ﹤0.01% |
2,904,423
+126,332
| +5% | +$1.1M |
|
1758
Compass
COMP
$9.66B
| $26.4M | ﹤0.01% |
7,345,861
+264,570
| +4% | +$935K |
|
1759
Kanzhun
BZ
$7.36B
| $26.3M | ﹤0.01% |
1,509,465
+100,265
| +7% | +$1.58M |
|
1760
Adeia
ADEA
$3.11B
| $26.3M | ﹤0.01% |
2,411,700
+48,176
| +2% | +$562K |
|
1761
Allegiant Air
ALGT
$2.57B
| $26.3M | ﹤0.01% |
349,639
+3,812
| +1% | +$289K |
|
1762
Leslie's
LESL
$11M
| $26.3M | ﹤0.01% |
202,223
+4,017
| +2% | +$575K |
|
|
PWSC
1763
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $26.2M | ﹤0.01% |
1,232,638
+35,869
| +3% | +$814K |
|
1764
Bumble
BMBL
$373M
| $26.1M | ﹤0.01% |
2,297,417
+51,451
| +2% | +$656K |
|
1765
Rocket Lab Corp
RKLB
$51.8B
| $26M | ﹤0.01% |
6,334,275
+193,815
| +3% | +$895K |
|
|
INFA
1766
DELISTED
Informatica
INFA
| $26M | ﹤0.01% |
743,511
+52,066
| +8% | +$1.64M |
|
|
MFA
1767
MFA Financial
MFA
$933M
| $26M | ﹤0.01% |
2,274,093
+75,559
| +3% | +$847K |
|
1768
NCR Voyix
VYX
$1.14B
| $25.9M | ﹤0.01% |
2,051,282
+59,640
| +3% | +$859K |
|
1769
Legend Biotech
LEGN
$4.01B
| $25.8M | ﹤0.01% |
462,607
+21,732
| +5% | +$1.31M |
|
|
JAMF
1770
DELISTED
Jamf
JAMF
| $25.8M | ﹤0.01% |
1,405,782
+38,191
| +3% | +$716K |
|
|
STEL
1771
DELISTED
Stellar Bancorp
STEL
| $25.7M | ﹤0.01% |
1,055,255
+28,804
| +3% | +$717K |
|
1772
NovoCure
NVCR
$1.91B
| $25.7M | ﹤0.01% |
1,643,132
+51,169
| +3% | +$753K |
|
1773
Mercury Systems
MRCY
$6.52B
| $25.7M | ﹤0.01% |
869,655
+31,440
| +4% | +$947K |
|
1774
Skyward Specialty Insurance
SKWD
$2.58B
| $25.5M | ﹤0.01% |
682,285
+87,511
| +15% | +$2.96M |
|
1775
Weis Markets
WMK
$1.86B
| $25.5M | ﹤0.01% |
396,117
+10,850
| +3% | +$678K |
|
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.