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 | |
|---|---|---|---|---|---|---|
2001
West Fraser Timber
WFG
$5.65B
| $14.6M | ﹤0.01% |
199,812
-2,704
| -1% | -$208K |
|
2002
FIGS
FIGS
$2.37B
| $14.6M | ﹤0.01% |
2,364,373
+89,027
| +4% | +$686K |
|
2003
CNA Financial
CNA
$14.1B
| $14.6M | ﹤0.01% |
374,755
+33,990
| +10% | +$1.42M |
|
2004
Replimune Group
REPL
$1.01B
| $14.6M | ﹤0.01% |
827,244
+128,099
| +18% | +$3.05M |
|
2005
Simulations Plus
SLP
$371M
| $14.6M | ﹤0.01% |
331,475
+3,112
| +0.9% | +$125K |
|
2006
Aurinia Pharmaceuticals
AUPH
$2.11B
| $14.6M | ﹤0.01% |
1,328,854
+79,900
| +6% | +$704K |
|
2007
Ubiquiti
UI
$34.3B
| $14.6M | ﹤0.01% |
53,598
+2,165
| +4% | +$599K |
|
|
RWT
2008
Redwood Trust
RWT
$594M
| $14.5M | ﹤0.01% |
2,157,851
+47,154
| +2% | +$353K |
|
|
HAPN
2009
Happen Inc
HAPN
$2.24B
| $14.5M | ﹤0.01% |
2,015,845
+81,916
| +4% | +$730K |
|
|
SCS
2010
DELISTED
Steelcase
SCS
| $14.5M | ﹤0.01% |
1,724,749
+90,477
| +6% | +$694K |
|
2011
Victory Capital Holdings
VCTR
$6.65B
| $14.5M | ﹤0.01% |
494,927
+91
| +0% | +$2.77K |
|
2012
OneSpaWorld
OSW
$2.66B
| $14.5M | ﹤0.01% |
1,207,920
+57,000
| +5% | +$621K |
|
2013
BioLife Solutions
BLFS
$1.7B
| $14.5M | ﹤0.01% |
665,316
+17,849
| +3% | +$401K |
|
|
FRG
2014
DELISTED
Franchise Group, Inc.
FRG
| $14.5M | ﹤0.01% |
530,948
+18,913
| +4% | +$544K |
|
2015
Oscar Health
OSCR
$8.61B
| $14.5M | ﹤0.01% |
2,212,139
+102,335
| +5% | +$418K |
|
|
LPRO
2016
DELISTED
Open Lending Corp
LPRO
| $14.4M | ﹤0.01% |
2,051,317
+107,919
| +6% | +$840K |
|
2017
Regenxbio
RGNX
$708M
| $14.4M | ﹤0.01% |
760,797
+27,552
| +4% | +$610K |
|
2018
Viking Therapeutics
VKTX
$4B
| $14.4M | ﹤0.01% |
863,232
+208,926
| +32% | +$2.16M |
|
2019
Rocket Companies
RKT
$38.9B
| $14.4M | ﹤0.01% |
1,585,638
+53,516
| +3% | +$461K |
|
|
HIBB
2020
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $14.4M | ﹤0.01% |
243,562
+9,213
| +4% | +$619K |
|
2021
MasterBrand
MBC
$1.91B
| $14.3M | ﹤0.01% |
1,782,951
+71,205
| +4% | +$628K |
|
2022
Peoples Bancorp
PEBO
$1.47B
| $14.3M | ﹤0.01% |
556,569
+22,343
| +4% | +$643K |
|
2023
Thryv Holdings
THRY
$108M
| $14.3M | ﹤0.01% |
620,435
+25,255
| +4% | +$565K |
|
2024
1st Source
SRCE
$2.12B
| $14.3M | ﹤0.01% |
331,205
+19,370
| +6% | +$946K |
|
|
TGI
2025
DELISTED
Triumph Group
TGI
| $14.3M | ﹤0.01% |
1,233,050
+59,010
| +5% | +$672K |
|
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.