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 | |
|---|---|---|---|---|---|---|
1976
Zai Lab
ZLAB
$2.62B
| $15.4M | ﹤0.01% |
464,133
+7,694
| +2% | +$295K |
|
1977
Crinetics Pharmaceuticals
CRNX
$8.92B
| $15.3M | ﹤0.01% |
954,860
+33,630
| +4% | +$622K |
|
|
FORG
1978
DELISTED
ForgeRock, Inc.
FORG
| $15.3M | ﹤0.01% |
744,175
+80,437
| +12% | +$1.63M |
|
1979
Portillo's
PTLO
$321M
| $15.3M | ﹤0.01% |
716,755
+131,748
| +23% | +$2.77M |
|
|
ROCC
1980
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $15.3M | ﹤0.01% |
373,966
+8,550
| +2% | +$350K |
|
1981
Stem
STEM
$52.7M
| $15.2M | ﹤0.01% |
134,094
+5,880
| +5% | +$996K |
|
|
CCF
1982
DELISTED
Chase Corporation
CCF
| $15.2M | ﹤0.01% |
144,667
-8,787
| -6% | -$842K |
|
1983
Scansource
SCSC
$1.12B
| $15M | ﹤0.01% |
493,950
+17,623
| +4% | +$547K |
|
1984
Live Oak Bancshares
LOB
$1.97B
| $15M | ﹤0.01% |
615,973
+22,922
| +4% | +$719K |
|
1985
Globalstar
GSAT
$10.8B
| $15M | ﹤0.01% |
860,391
+39,136
| +5% | +$721K |
|
1986
Life Time Group Holdings
LTH
$9.79B
| $14.9M | ﹤0.01% |
935,784
+36,404
| +4% | +$624K |
|
|
PFC
1987
DELISTED
Premier Financial Corp. Common Stock
PFC
| $14.9M | ﹤0.01% |
719,101
+43,581
| +6% | +$1.06M |
|
|
SHYF
1988
DELISTED
The Shyft Group
SHYF
| $14.9M | ﹤0.01% |
654,915
+18,257
| +3% | +$512K |
|
|
MRC
1989
DELISTED
MRC Global
MRC
| $14.9M | ﹤0.01% |
1,531,725
+60,581
| +4% | +$688K |
|
1990
BP
BP
$107B
| $14.9M | ﹤0.01% |
392,042
-131,210
| -25% | -$4.9M |
|
|
EFC
1991
Ellington Financial
EFC
$1.71B
| $14.8M | ﹤0.01% |
1,213,355
+146,682
| +14% | +$1.89M |
|
1992
Metallus
MTUS
$898M
| $14.8M | ﹤0.01% |
807,666
+25,557
| +3% | +$477K |
|
1993
Dime Commercial Bancshares
DCOM
$1.78B
| $14.8M | ﹤0.01% |
650,165
+30,316
| +5% | +$893K |
|
1994
Clean Energy Fuels
CLNE
$347M
| $14.7M | ﹤0.01% |
3,376,494
+90,115
| +3% | +$465K |
|
1995
National Healthcare
NHC
$3.38B
| $14.7M | ﹤0.01% |
253,381
+13,384
| +6% | +$769K |
|
1996
Janus International
JBI
$757M
| $14.7M | ﹤0.01% |
1,491,620
+78,842
| +6% | +$821K |
|
1997
Myers Industries
MYE
$1.29B
| $14.7M | ﹤0.01% |
685,237
+41,066
| +6% | +$934K |
|
1998
Heritage Financial
HFWA
$1.21B
| $14.7M | ﹤0.01% |
685,892
+21,473
| +3% | +$579K |
|
1999
TTEC Holdings
TTEC
$124M
| $14.7M | ﹤0.01% |
393,830
+14,594
| +4% | +$653K |
|
2000
CRA International
CRAI
$1.06B
| $14.6M | ﹤0.01% |
135,817
+4,257
| +3% | +$501K |
|
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.