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 | |
|---|---|---|---|---|---|---|
1826
Kanzhun
BZ
$7.36B
| $19.4M | ﹤0.01% |
1,023,353
+28,788
| +3% | +$628K |
|
1827
Pilgrim's Pride
PPC
$6.54B
| $19.3M | ﹤0.01% |
832,936
+22,409
| +3% | +$543K |
|
|
DQ
1828
Daqo New Energy
DQ
$996M
| $19.3M | ﹤0.01% |
413,705
+6,686
| +2% | +$307K |
|
|
NXGN
1829
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $19.3M | ﹤0.01% |
1,107,755
+21,011
| +2% | +$378K |
|
|
FSR
1830
DELISTED
Fisker Inc.
FSR
| $19.3M | ﹤0.01% |
3,139,933
+173,072
| +6% | +$1.19M |
|
1831
Perdoceo Education
PRDO
$2.12B
| $19.3M | ﹤0.01% |
1,434,425
+735
| +0.1% | +$10.3K |
|
1832
Dine Brands
DIN
$452M
| $19.2M | ﹤0.01% |
284,403
+13,783
| +5% | +$1.01M |
|
1833
Mobileye
MBLY
$2.2B
| $19.2M | ﹤0.01% |
444,579
+13,515
| +3% | +$529K |
|
|
PRA
1834
DELISTED
ProAssurance
PRA
| $19.1M | ﹤0.01% |
1,035,484
+45,634
| +5% | +$858K |
|
1835
AdaptHealth
AHCO
$759M
| $19M | ﹤0.01% |
1,528,847
+48,504
| +3% | +$892K |
|
1836
Astec Industries
ASTE
$1.02B
| $19M | ﹤0.01% |
459,515
+13,694
| +3% | +$578K |
|
|
MGI
1837
DELISTED
MoneyGram International, Inc. New
MGI
| $18.9M | ﹤0.01% |
1,818,271
+73,064
| +4% | +$788K |
|
1838
Gildan
GIL
$10.6B
| $18.9M | ﹤0.01% |
573,162
-58,407
| -9% | -$1.8M |
|
1839
Beyond Meat
BYND
$277M
| $18.9M | ﹤0.01% |
1,166,304
+51,927
| +5% | +$855K |
|
|
RTL
1840
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $18.9M | ﹤0.01% |
3,012,218
+141,392
| +5% | +$917K |
|
|
FBRT
1841
Franklin BSP Realty Trust
FBRT
$657M
| $18.9M | ﹤0.01% |
1,583,307
+57,154
| +4% | +$766K |
|
|
HSKA
1842
DELISTED
Heska Corp
HSKA
| $18.9M | ﹤0.01% |
193,387
+4,720
| +3% | +$396K |
|
1843
Kinross Gold
KGC
$32.8B
| $18.8M | ﹤0.01% |
4,022,042
-6,867
| -0.2% | -$29.1K |
|
|
LGF.B
1844
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $18.8M | ﹤0.01% |
1,810,089
+44,667
| +3% | +$380K |
|
|
ACCD
1845
DELISTED
Accolade Inc
ACCD
| $18.8M | ﹤0.01% |
1,306,584
+67,623
| +5% | +$765K |
|
1846
Harmony Biosciences
HRMY
$2.24B
| $18.7M | ﹤0.01% |
573,625
+23,384
| +4% | +$1.06M |
|
1847
Adeia
ADEA
$3.11B
| $18.7M | ﹤0.01% |
2,113,742
+122,959
| +6% | +$1.23M |
|
|
BRKL
1848
DELISTED
Brookline Bancorp
BRKL
| $18.7M | ﹤0.01% |
1,782,199
+347,416
| +24% | +$4.38M |
|
|
UNIT
1849
Uniti Group
UNIT
$2.32B
| $18.7M | ﹤0.01% |
5,268,595
+201,040
| +4% | +$1.07M |
|
1850
A10 Networks
ATEN
$1.93B
| $18.7M | ﹤0.01% |
1,206,760
+56,018
| +5% | +$855K |
|
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.