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 | |
|---|---|---|---|---|---|---|
1876
Sonic Automotive
SAH
$2.61B
| $18M | ﹤0.01% |
331,040
+6,825
| +2% | +$367K |
|
|
ATRI
1877
DELISTED
Atrion Corp
ATRI
| $18M | ﹤0.01% |
28,603
+167
| +0.6% | +$107K |
|
1878
Green Brick Partners
GRBK
$3.14B
| $17.9M | ﹤0.01% |
511,281
+14,997
| +3% | +$463K |
|
1879
CVR Energy
CVI
$3.13B
| $17.9M | ﹤0.01% |
545,042
+23,863
| +5% | +$765K |
|
1880
Arcus Biosciences
RCUS
$3.64B
| $17.8M | ﹤0.01% |
978,167
+31,694
| +3% | +$606K |
|
|
CSR
1881
Centerspace
CSR
$952M
| $17.8M | ﹤0.01% |
325,588
+9,008
| +3% | +$556K |
|
|
BDN
1882
Brandywine Realty Trust
BDN
$554M
| $17.8M | ﹤0.01% |
3,757,889
+180,382
| +5% | +$1.06M |
|
1883
SSR Mining
SSRM
$6.48B
| $17.7M | ﹤0.01% |
1,167,632
+48,480
| +4% | +$739K |
|
1884
Qfin Holdings
QFIN
$1.61B
| $17.6M | ﹤0.01% |
910,442
+63,254
| +7% | +$1.33M |
|
1885
Unitil
UTL
$980M
| $17.6M | ﹤0.01% |
308,496
+11,786
| +4% | +$629K |
|
1886
Gogo Inc
GOGO
$491M
| $17.6M | ﹤0.01% |
1,211,517
+50,245
| +4% | +$784K |
|
1887
Geron
GERN
$949M
| $17.5M | ﹤0.01% |
8,081,850
+1,655,765
| +26% | +$4.7M |
|
|
LGF.A
1888
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $17.5M | ﹤0.01% |
1,582,765
+64,738
| +4% | +$583K |
|
1889
Capitol Federal Financial
CFFN
$1.1B
| $17.5M | ﹤0.01% |
2,602,226
+57,515
| +2% | +$467K |
|
1890
Treace Medical Concepts
TMCI
$309M
| $17.5M | ﹤0.01% |
694,263
+87,617
| +14% | +$2.06M |
|
|
DMC
1891
Del Monte Corp
DMC
$1.45B
| $17.5M | ﹤0.01% |
580,705
+16,453
| +3% | +$478K |
|
1892
Mesa Laboratories
MLAB
$574M
| $17.5M | ﹤0.01% |
100,040
+4,153
| +4% | +$744K |
|
1893
Winmark
WINA
$1.32B
| $17.5M | ﹤0.01% |
54,530
+2,526
| +5% | +$707K |
|
|
RPT
1894
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $17.5M | ﹤0.01% |
1,836,545
+72,306
| +4% | +$728K |
|
1895
Rocket Lab Corp
RKLB
$51.8B
| $17.5M | ﹤0.01% |
4,320,605
+188,786
| +5% | +$848K |
|
1896
GrafTech
EAF
$212M
| $17.4M | ﹤0.01% |
358,534
+14,284
| +4% | +$773K |
|
|
PLYM
1897
DELISTED
Plymouth Industrial REIT
PLYM
| $17.4M | ﹤0.01% |
829,173
+20,862
| +3% | +$440K |
|
|
BBBY
1898
Bed Bath & Beyond
BBBY
$442M
| $17.4M | ﹤0.01% |
945,226
+27,831
| +3% | +$519K |
|
1899
Playtika
PLTK
$1.12B
| $17.4M | ﹤0.01% |
1,546,522
+12,595
| +0.8% | +$126K |
|
|
AHRT
1900
AH Realty Trust
AHRT
$517M
| $17.4M | ﹤0.01% |
1,471,942
+18,866
| +1% | +$232K |
|
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.