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 | |
|---|---|---|---|---|---|---|
|
UHT
2026
Universal Health Realty Income Trust
UHT
$594M
| $14.2M | ﹤0.01% |
295,992
-1,238
| -0.4% | -$63.9K |
|
2027
Liberty Broadband Class A
LBRDA
$5.16B
| $14.2M | ﹤0.01% |
173,345
+6,980
| +4% | +$602K |
|
2028
Cogent Biosciences
COGT
$7.24B
| $14.2M | ﹤0.01% |
1,318,308
+95,978
| +8% | +$1.23M |
|
2029
SunCoke Energy
SXC
$797M
| $14.2M | ﹤0.01% |
1,583,865
+58,474
| +4% | +$534K |
|
2030
Preferred Bank
PFBC
$1.25B
| $14.2M | ﹤0.01% |
259,362
+7,178
| +3% | +$485K |
|
|
BORR
2031
Borr Drilling
BORR
$1.19B
| $14.2M | ﹤0.01% |
1,870,334
+103,921
| +6% | +$670K |
|
|
TGH
2032
DELISTED
Textainer Group Holdings limited
TGH
| $14.2M | ﹤0.01% |
440,861
+31,621
| +8% | +$1.03M |
|
2033
NovaGold Resources
NG
$3.33B
| $14.1M | ﹤0.01% |
2,273,014
+158,123
| +7% | +$962K |
|
|
HPP
2034
Hudson Pacific Properties
HPP
$779M
| $14.1M | ﹤0.01% |
303,561
+8,892
| +3% | +$571K |
|
2035
Usana Health Sciences
USNA
$286M
| $14.1M | ﹤0.01% |
224,439
-1,521
| -0.7% | -$90.8K |
|
2036
Opendoor
OPEN
$3.38B
| $14.1M | ﹤0.01% |
8,284,525
+245,998
| +3% | +$405K |
|
|
VTLE
2037
DELISTED
Vital Energy
VTLE
| $14.1M | ﹤0.01% |
309,314
+11,009
| +4% | +$550K |
|
2038
Intapp
INTA
$2.91B
| $14.1M | ﹤0.01% |
313,870
+12,303
| +4% | +$432K |
|
2039
DHT Holdings
DHT
$3.02B
| $14.1M | ﹤0.01% |
1,300,790
+70,446
| +6% | +$708K |
|
2040
Innoviva
INVA
$1.48B
| $14M | ﹤0.01% |
1,246,194
+49,373
| +4% | +$599K |
|
2041
Caleres
CAL
$487M
| $14M | ﹤0.01% |
647,827
+7,657
| +1% | +$184K |
|
2042
Varex Imaging
VREX
$523M
| $14M | ﹤0.01% |
769,913
+26,103
| +4% | +$497K |
|
|
RYZ
2043
Ryerson Holding Corp
RYZ
$1.46B
| $14M | ﹤0.01% |
383,595
+9,623
| +3% | +$349K |
|
|
AAMI
2044
Acadian Asset Management
AAMI
$3.19B
| $14M | ﹤0.01% |
591,681
+30,231
| +5% | +$711K |
|
2045
QCR Holdings
QCRH
$1.7B
| $13.9M | ﹤0.01% |
317,630
+11,665
| +4% | +$582K |
|
2046
Warby Parker
WRBY
$3.27B
| $13.9M | ﹤0.01% |
1,316,643
+68,774
| +6% | +$942K |
|
2047
Sinclair Inc
SBGI
$1.03B
| $13.9M | ﹤0.01% |
810,067
+43,004
| +6% | +$748K |
|
|
NAPA
2048
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
| $13.9M | ﹤0.01% |
873,471
+112,797
| +15% | +$1.77M |
|
2049
DocGo
DCGO
$62.6M
| $13.9M | ﹤0.01% |
1,603,146
+94,267
| +6% | +$831K |
|
|
TSE
2050
DELISTED
Trinseo
TSE
| $13.9M | ﹤0.01% |
664,608
+16,531
| +3% | +$404K |
|
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.