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 | |
|---|---|---|---|---|---|---|
176
Arista Networks
ANET
$199B
| $856M | 0.11% |
20,449,188
+367,316
| +2% | +$12.6M |
|
177
Moody's
MCO
$83.7B
| $851M | 0.11% |
2,789,339
+41,746
| +2% | +$12.6M |
|
178
Sempra
SRE
$58.1B
| $848M | 0.11% |
11,251,446
-344,224
| -3% | -$26.4M |
|
179
Nucor
NUE
$58.3B
| $841M | 0.11% |
5,438,353
+23,366
| +0.4% | +$3.72M |
|
180
Otis Worldwide
OTIS
$27.9B
| $831M | 0.11% |
9,848,569
+22,138
| +0.2% | +$1.83M |
|
181
Autodesk
ADSK
$51.8B
| $829M | 0.11% |
3,993,264
+66,959
| +2% | +$13.8M |
|
182
Xcel Energy
XEL
$49.2B
| $825M | 0.11% |
12,251,587
+162,592
| +1% | +$11M |
|
183
Dominion Energy
D
$62B
| $824M | 0.11% |
14,768,160
+303,891
| +2% | +$17.8M |
|
184
Marriott International
MAR
$100B
| $823M | 0.11% |
4,969,166
+74,821
| +2% | +$12.5M |
|
185
Truist Financial
TFC
$63.9B
| $815M | 0.11% |
23,931,465
+332,642
| +1% | +$14.5M |
|
186
Occidental Petroleum
OXY
$55.7B
| $812M | 0.11% |
13,039,195
-190,245
| -1% | -$11.8M |
|
187
Carrier Global
CARR
$49.8B
| $793M | 0.1% |
17,377,066
+342,215
| +2% | +$15.3M |
|
188
Williams Companies
WMB
$85.8B
| $788M | 0.1% |
26,463,141
-779,579
| -3% | -$24.1M |
|
189
Yum! Brands
YUM
$41.9B
| $785M | 0.1% |
5,947,399
+90,152
| +2% | +$11.6M |
|
190
Archer Daniels Midland
ADM
$38.7B
| $783M | 0.1% |
9,850,240
+24,299
| +0.2% | +$1.98M |
|
191
TransDigm Group
TDG
$70.7B
| $782M | 0.1% |
1,063,539
+27,365
| +3% | +$19.6M |
|
192
Ross Stores
ROST
$80.8B
| $780M | 0.1% |
7,361,375
+125,519
| +2% | +$14.1M |
|
193
Monster Beverage
MNST
$95.1B
| $774M | 0.1% |
14,361,510
+212,736
| +2% | +$10.9M |
|
194
Exelon
EXC
$48.1B
| $774M | 0.1% |
18,515,401
+263,797
| +1% | +$11M |
|
195
Welltower
WELL
$173B
| $772M | 0.1% |
10,792,006
+237,800
| +2% | +$17.2M |
|
196
Hilton Worldwide
HLT
$72.4B
| $771M | 0.1% |
5,486,545
+40,576
| +0.7% | +$5.71M |
|
197
Aflac
AFL
$65.5B
| $765M | 0.1% |
11,888,265
+105,298
| +0.9% | +$7.21M |
|
198
Mettler-Toledo International
MTD
$28.1B
| $764M | 0.1% |
500,127
+2,842
| +0.6% | +$4.27M |
|
199
ON Semiconductor
ON
$30.7B
| $762M | 0.1% |
9,271,748
+136,908
| +1% | +$10.4M |
|
200
Ecolab
ECL
$79.8B
| $761M | 0.1% |
4,611,872
+64,844
| +1% | +$10.1M |
|
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.