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 | |
|---|---|---|---|---|---|---|
1776
Helix Energy Solutions
HLX
$1.41B
| $20.9M | ﹤0.01% |
2,693,851
+105,669
| +4% | +$826K |
|
1777
Eagle Bancorp
EGBN
$845M
| $20.8M | ﹤0.01% |
621,727
+9,534
| +2% | +$407K |
|
|
NXRT
1778
NexPoint Residential Trust
NXRT
$652M
| $20.8M | ﹤0.01% |
475,753
+15,862
| +3% | +$730K |
|
1779
Stewart Information Services
STC
$2.08B
| $20.8M | ﹤0.01% |
514,710
+20,709
| +4% | +$907K |
|
1780
Veeco
VECO
$3.23B
| $20.8M | ﹤0.01% |
982,446
+41,647
| +4% | +$857K |
|
|
ETWO
1781
DELISTED
E2open Parent Holdings
ETWO
| $20.7M | ﹤0.01% |
3,562,979
+169,758
| +5% | +$1.03M |
|
1782
LeMaitre Vascular
LMAT
$1.86B
| $20.7M | ﹤0.01% |
402,852
+5,940
| +1% | +$288K |
|
1783
Vicor
VICR
$10.2B
| $20.7M | ﹤0.01% |
441,310
+16,691
| +4% | +$926K |
|
|
ADAM
1784
Adamas Trust
ADAM
$883M
| $20.6M | ﹤0.01% |
2,064,484
+226,744
| +12% | +$2.46M |
|
|
AAT
1785
American Assets Trust
AAT
$1.4B
| $20.6M | ﹤0.01% |
1,105,669
+41,442
| +4% | +$1.01M |
|
|
AGNT
1786
AGNT Inc
AGNT
$734M
| $20.5M | ﹤0.01% |
1,618,983
+55,166
| +4% | +$736K |
|
|
MORF
1787
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $20.5M | ﹤0.01% |
544,393
+17,158
| +3% | +$632K |
|
1788
Samsara
IOT
$23.8B
| $20.4M | ﹤0.01% |
1,036,084
+157,527
| +18% | +$2.5M |
|
|
LADR
1789
Ladder Capital
LADR
$1.24B
| $20.4M | ﹤0.01% |
2,158,981
+78,055
| +4% | +$827K |
|
1790
Utz Brands
UTZ
$1.25B
| $20.4M | ﹤0.01% |
1,238,702
+40,155
| +3% | +$664K |
|
1791
Sturm, Ruger & Co
RGR
$593M
| $20.4M | ﹤0.01% |
354,881
+7,921
| +2% | +$442K |
|
1792
Perimeter Solutions
PRM
$5.77B
| $20.3M | ﹤0.01% |
2,518,183
+85,790
| +4% | +$739K |
|
|
RDFN
1793
DELISTED
Redfin
RDFN
| $20.3M | ﹤0.01% |
2,243,172
+67,418
| +3% | +$503K |
|
1794
Nabors Industries
NBR
$1.21B
| $20.3M | ﹤0.01% |
166,344
+6,195
| +4% | +$938K |
|
1795
Central Garden & Pet Co
CENT
$2.8B
| $20.3M | ﹤0.01% |
617,178
-2,638
| -0.4% | -$85.4K |
|
|
LBAI
1796
DELISTED
Lakeland Bancorp Inc
LBAI
| $20.3M | ﹤0.01% |
1,294,886
+95,764
| +8% | +$1.74M |
|
1797
Nextpower Inc
NXT
$15.7B
| $20.2M | ﹤0.01% |
+558,017
| New | +$17.7M |
|
1798
CoreCivic
CXW
$3.19B
| $20.2M | ﹤0.01% |
2,198,509
-143,242
| -6% | -$1.47M |
|
1799
Scholastic
SCHL
$792M
| $20.2M | ﹤0.01% |
590,480
+13,637
| +2% | +$581K |
|
1800
JELD-WEN Holding
JELD
$164M
| $20.1M | ﹤0.01% |
1,590,270
+51,801
| +3% | +$641K |
|
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.