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 | |
|---|---|---|---|---|---|---|
2076
Univest Financial
UVSP
$1.18B
| $13.4M | ﹤0.01% |
564,626
+17,443
| +3% | +$462K |
|
2077
ADMA Biologics
ADMA
$2.22B
| $13.4M | ﹤0.01% |
4,046,250
+659,398
| +19% | +$2.28M |
|
2078
WisdomTree
WT
$3.22B
| $13.4M | ﹤0.01% |
2,281,319
+131,283
| +6% | +$765K |
|
2079
Deluxe
DLX
$1.15B
| $13.4M | ﹤0.01% |
834,862
+40,041
| +5% | +$730K |
|
2080
TAL Education Group
TAL
$6.87B
| $13.3M | ﹤0.01% |
2,090,332
+36,729
| +2% | +$264K |
|
2081
BJ's Restaurants
BJRI
$1.48B
| $13.3M | ﹤0.01% |
455,817
+20,616
| +5% | +$643K |
|
2082
Amplitude
AMPL
$1.41B
| $13.3M | ﹤0.01% |
1,067,529
+16,414
| +2% | +$218K |
|
|
SP
2083
DELISTED
SP Plus Corporation
SP
| $13.2M | ﹤0.01% |
384,434
+10,231
| +3% | +$363K |
|
|
SNBR
2084
DELISTED
Sleep Number
SNBR
| $13.2M | ﹤0.01% |
432,778
+20,484
| +5% | +$669K |
|
2085
ARKO Corp
ARKO
$635M
| $13.1M | ﹤0.01% |
1,546,095
+94,534
| +7% | +$788K |
|
2086
HealthStream
HSTM
$840M
| $13.1M | ﹤0.01% |
482,930
+12,923
| +3% | +$322K |
|
|
AMK
2087
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $13.1M | ﹤0.01% |
416,044
+22,378
| +6% | +$627K |
|
2088
RCI Hospitality Holdings
RICK
$215M
| $13.1M | ﹤0.01% |
167,357
+9,911
| +6% | +$859K |
|
2089
TFS Financial
TFSL
$4.93B
| $13.1M | ﹤0.01% |
1,033,862
+78,673
| +8% | +$1.1M |
|
|
CBL
2090
CBL Properties
CBL
$1.75B
| $13M | ﹤0.01% |
507,194
+15,766
| +3% | +$403K |
|
|
OSG
2091
Octave Specialty Group
OSG
$222M
| $13M | ﹤0.01% |
837,930
+27,088
| +3% | +$438K |
|
2092
Ethan Allen Interiors
ETD
$603M
| $12.9M | ﹤0.01% |
470,452
+11,156
| +2% | +$317K |
|
2093
Barrett Business Services
BBSI
$804M
| $12.9M | ﹤0.01% |
581,940
+20,560
| +4% | +$480K |
|
2094
OneSpan
OSPN
$618M
| $12.9M | ﹤0.01% |
736,029
+35,851
| +5% | +$537K |
|
2095
Banc of California
BANC
$2.97B
| $12.9M | ﹤0.01% |
1,027,470
+45,332
| +5% | +$733K |
|
2096
Theravance Biopharma
TBPH
$877M
| $12.9M | ﹤0.01% |
1,186,009
+45,256
| +4% | +$479K |
|
|
EB
2097
DELISTED
Eventbrite
EB
| $12.8M | ﹤0.01% |
1,497,510
+88,734
| +6% | +$732K |
|
|
CHS
2098
DELISTED
Chicos FAS, Inc.
CHS
| $12.8M | ﹤0.01% |
2,334,710
+124,386
| +6% | +$663K |
|
2099
Center Bancorp
CNOB
$1.78B
| $12.8M | ﹤0.01% |
723,577
+39,055
| +6% | +$890K |
|
2100
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $12.8M | ﹤0.01% |
473,626
+25,094
| +6% | +$801K |
|
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.