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 | |
|---|---|---|---|---|---|---|
|
RDUS
1951
DELISTED
Radius Recycling
RDUS
| $15.9M | ﹤0.01% |
510,978
+20,663
| +4% | +$670K |
|
1952
Enact Holdings
ACT
$6.73B
| $15.9M | ﹤0.01% |
695,111
+30,503
| +5% | +$726K |
|
1953
Nice
NICE
$5.97B
| $15.9M | ﹤0.01% |
69,380
-370
| -0.5% | -$77.7K |
|
1954
QuinStreet
QNST
$1.21B
| $15.9M | ﹤0.01% |
999,138
+40,044
| +4% | +$633K |
|
1955
Fluence Energy
FLNC
$2.44B
| $15.8M | ﹤0.01% |
779,686
+41,591
| +6% | +$826K |
|
|
JAMF
1956
DELISTED
Jamf
JAMF
| $15.8M | ﹤0.01% |
812,795
+34,607
| +4% | +$693K |
|
1957
Ecovyst
ECVT
$1.14B
| $15.8M | ﹤0.01% |
1,426,127
+149,119
| +12% | +$1.54M |
|
|
CCRN
1958
DELISTED
Cross Country Healthcare
CCRN
| $15.8M | ﹤0.01% |
705,851
+24,857
| +4% | +$651K |
|
1959
Kura Oncology
KURA
$850M
| $15.7M | ﹤0.01% |
1,286,540
+57,110
| +5% | +$713K |
|
1960
Schneider National
SNDR
$6.25B
| $15.7M | ﹤0.01% |
587,622
+18,180
| +3% | +$490K |
|
1961
Keros Therapeutics
KROS
$221M
| $15.7M | ﹤0.01% |
368,046
+18,298
| +5% | +$924K |
|
|
THR
1962
DELISTED
Thermon Group Holdings
THR
| $15.7M | ﹤0.01% |
629,990
+24,084
| +4% | +$588K |
|
1963
Green Dot
GDOT
$745M
| $15.6M | ﹤0.01% |
908,546
+28,753
| +3% | +$502K |
|
1964
Nicolet Bankshares
NIC
$3.62B
| $15.6M | ﹤0.01% |
247,564
+10,301
| +4% | +$744K |
|
1965
Corsair Gaming
CRSR
$1.55B
| $15.5M | ﹤0.01% |
846,623
+51,662
| +6% | +$840K |
|
|
IMGN
1966
DELISTED
Immunogen Inc
IMGN
| $15.5M | ﹤0.01% |
4,039,396
+200,306
| +5% | +$854K |
|
1967
Camping World
CWH
$653M
| $15.5M | ﹤0.01% |
742,840
+43,417
| +6% | +$1.01M |
|
1968
TPG
TPG
$7.86B
| $15.5M | ﹤0.01% |
528,066
+13,288
| +3% | +$417K |
|
1969
Legend Biotech
LEGN
$4.01B
| $15.4M | ﹤0.01% |
321,968
+50,641
| +19% | +$2.48M |
|
1970
Infosys
INFY
$50.7B
| $15.4M | ﹤0.01% |
884,822
+1,741
| +0.2% | +$31.7K |
|
1971
Collegium Pharmaceutical
COLL
$956M
| $15.4M | ﹤0.01% |
643,188
+24,271
| +4% | +$644K |
|
1972
Zentalis Pharmaceuticals
ZNTL
$302M
| $15.4M | ﹤0.01% |
895,925
+38,708
| +5% | +$784K |
|
|
OLO
1973
DELISTED
Olo Inc
OLO
| $15.4M | ﹤0.01% |
1,887,866
+88,217
| +5% | +$679K |
|
1974
James River Group Holdings
JRVR
$217M
| $15.4M | ﹤0.01% |
745,692
+33,940
| +5% | +$748K |
|
1975
Heartland Express
HTLD
$956M
| $15.4M | ﹤0.01% |
967,018
+44,896
| +5% | +$730K |
|
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.