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 | |
|---|---|---|---|---|---|---|
1951
Marcus & Millichap
MMI
$1.19B
| $19.4M | ﹤0.01% |
566,810
+12,061
| +2% | +$442K |
|
|
DMC
1952
Del Monte Corp
DMC
$1.45B
| $19.3M | ﹤0.01% |
744,648
+15,336
| +2% | +$381K |
|
1953
Hawaiian Electric Industries
HE
$2.14B
| $19.3M | ﹤0.01% |
1,708,382
+32,670
| +2% | +$415K |
|
|
VERV
1954
DELISTED
Verve Therapeutics
VERV
| $19.3M | ﹤0.01% |
1,449,426
+319,263
| +28% | +$4.23M |
|
|
GES
1955
DELISTED
Guess Inc
GES
| $19.2M | ﹤0.01% |
608,534
+12,735
| +2% | +$314K |
|
1956
Wolverine World Wide
WWW
$1.55B
| $19M | ﹤0.01% |
1,697,753
+36,335
| +2% | +$337K |
|
1957
Southside Bancshares
SBSI
$967M
| $18.8M | ﹤0.01% |
644,281
+14,299
| +2% | +$425K |
|
1958
Quanterix
QTRX
$190M
| $18.8M | ﹤0.01% |
798,968
+35,122
| +5% | +$870K |
|
1959
Genco Shipping & Trading
GNK
$1.1B
| $18.8M | ﹤0.01% |
924,825
+12,356
| +1% | +$229K |
|
1960
ImmunityBio
IBRX
$8.1B
| $18.7M | ﹤0.01% |
3,481,386
+101,922
| +3% | +$462K |
|
1961
Comstock Resources
CRK
$3.94B
| $18.7M | ﹤0.01% |
2,012,979
+33,673
| +2% | +$277K |
|
1962
International Money Express
IMXI
$367M
| $18.7M | ﹤0.01% |
817,884
+21,418
| +3% | +$450K |
|
1963
Kelly Services Class A
KELYA
$528M
| $18.7M | ﹤0.01% |
744,811
+22,589
| +3% | +$507K |
|
1964
Hertz
HTZ
$809M
| $18.6M | ﹤0.01% |
2,374,803
+86,939
| +4% | +$712K |
|
1965
Arcturus Therapeutics
ARCT
$211M
| $18.6M | ﹤0.01% |
550,263
+11,998
| +2% | +$425K |
|
1966
Sonic Automotive
SAH
$2.61B
| $18.5M | ﹤0.01% |
325,200
+6,935
| +2% | +$367K |
|
1967
Symbotic
SYM
$5.22B
| $18.5M | ﹤0.01% |
411,261
+184,810
| +82% | +$8.1M |
|
1968
Unitil
UTL
$980M
| $18.4M | ﹤0.01% |
352,287
+6,005
| +2% | +$302K |
|
1969
Myers Industries
MYE
$1.29B
| $18.4M | ﹤0.01% |
795,275
+24,508
| +3% | +$485K |
|
1970
Relay Therapeutics
RLAY
$4.33B
| $18.4M | ﹤0.01% |
2,216,793
+135,283
| +6% | +$1.32M |
|
1971
BJ's Restaurants
BJRI
$1.48B
| $18.4M | ﹤0.01% |
507,661
+9,979
| +2% | +$347K |
|
|
RWT
1972
Redwood Trust
RWT
$594M
| $18.3M | ﹤0.01% |
2,875,905
+384,238
| +15% | +$2.51M |
|
|
FLNA
1973
Filana Therapeutics
FLNA
$48.1M
| $18.3M | ﹤0.01% |
901,840
+27,844
| +3% | +$642K |
|
|
KLG
1974
DELISTED
WK Kellogg Co
KLG
| $18.3M | ﹤0.01% |
972,970
+3,902
| +0.4% | +$56.7K |
|
1975
Nice
NICE
$5.97B
| $18.3M | ﹤0.01% |
70,063
+280
| +0.4% | +$63.5K |
|
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.