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 | |
|---|---|---|---|---|---|---|
|
KW
1801
DELISTED
Kennedy-Wilson Holdings
KW
| $24.4M | ﹤0.01% |
2,845,376
+84,263
| +3% | +$829K |
|
1802
Preferred Bank
PFBC
$1.25B
| $24.4M | ﹤0.01% |
317,185
+8,908
| +3% | +$644K |
|
1803
Peloton Interactive
PTON
$2.49B
| $24.3M | ﹤0.01% |
5,672,687
+241,981
| +4% | +$1.19M |
|
1804
Worthington Steel
WS
$1.95B
| $24.3M | ﹤0.01% |
676,569
+22,556
| +3% | +$684K |
|
1805
Sana Biotechnology
SANA
$980M
| $24.2M | ﹤0.01% |
2,416,518
+162,682
| +7% | +$1.22M |
|
1806
Encore Capital Group
ECPG
$2.13B
| $24.2M | ﹤0.01% |
529,533
+10,724
| +2% | +$529K |
|
1807
Shutterstock
SSTK
$219M
| $24.1M | ﹤0.01% |
526,131
+10,075
| +2% | +$480K |
|
1808
Provident Financial Services
PFS
$3.19B
| $24.1M | ﹤0.01% |
1,652,217
+55,483
| +3% | +$882K |
|
1809
VSE Corp
VSEC
$6.12B
| $24.1M | ﹤0.01% |
300,602
+9,913
| +3% | +$677K |
|
|
THR
1810
DELISTED
Thermon Group Holdings
THR
| $24M | ﹤0.01% |
733,997
+8,199
| +1% | +$241K |
|
1811
Perimeter Solutions
PRM
$5.77B
| $24M | ﹤0.01% |
3,233,974
+55,269
| +2% | +$297K |
|
1812
Dutch Bros
BROS
$9.26B
| $24M | ﹤0.01% |
726,848
+176,438
| +32% | +$5.21M |
|
1813
Cars.com
CARS
$660M
| $23.9M | ﹤0.01% |
1,389,440
+40,399
| +3% | +$721K |
|
1814
Warby Parker
WRBY
$3.27B
| $23.8M | ﹤0.01% |
1,746,525
+56,862
| +3% | +$755K |
|
1815
Monro
MNRO
$398M
| $23.7M | ﹤0.01% |
751,062
-3,691
| -0.5% | -$114K |
|
1816
Ecovyst
ECVT
$1.14B
| $23.7M | ﹤0.01% |
2,124,084
+67,676
| +3% | +$641K |
|
|
ONT
1817
Onterris Inc
ONT
$580M
| $23.6M | ﹤0.01% |
603,688
+18,860
| +3% | +$632K |
|
1818
AdaptHealth
AHCO
$759M
| $23.6M | ﹤0.01% |
2,053,913
+51,221
| +3% | +$435K |
|
1819
Fluence Energy
FLNC
$2.44B
| $23.6M | ﹤0.01% |
1,362,053
+53,636
| +4% | +$981K |
|
1820
Liberty Media Series A
FWONA
$23.6B
| $23.6M | ﹤0.01% |
401,638
+34,318
| +9% | +$2.07M |
|
1821
Herbalife
HLF
$1.29B
| $23.5M | ﹤0.01% |
2,341,108
+85,008
| +4% | +$914K |
|
1822
ANI Pharmaceuticals
ANIP
$1.78B
| $23.5M | ﹤0.01% |
339,364
+9,675
| +3% | +$584K |
|
1823
Benchmark Electronics
BHE
$2.96B
| $23.4M | ﹤0.01% |
780,938
+15,331
| +2% | +$442K |
|
1824
indie Semiconductor
INDI
$854M
| $23.4M | ﹤0.01% |
3,309,432
+152,137
| +5% | +$1.03M |
|
1825
Brown-Forman Class A
BF.A
$13.3B
| $23.4M | ﹤0.01% |
442,018
+13,993
| +3% | +$800K |
|
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.