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 | |
|---|---|---|---|---|---|---|
2126
Opko Health
OPK
$1.02B
| $12.3M | ﹤0.01% |
8,410,646
+423,280
| +5% | +$545K |
|
2127
York Water
YORW
$514M
| $12.3M | ﹤0.01% |
274,314
+9,561
| +4% | +$428K |
|
|
MTTR
2128
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $12.2M | ﹤0.01% |
4,476,815
+175,297
| +4% | +$536K |
|
|
ME
2129
DELISTED
23andMe Holding Co
ME
| $12.2M | ﹤0.01% |
268,140
+15,494
| +6% | +$748K |
|
|
DENN
2130
DELISTED
Denny's
DENN
| $12.2M | ﹤0.01% |
1,091,979
+33,379
| +3% | +$388K |
|
|
DX
2131
Dynex Capital
DX
$3.21B
| $12.2M | ﹤0.01% |
1,003,239
+169,113
| +20% | +$2.26M |
|
|
HOUS
2132
DELISTED
Anywhere Real Estate
HOUS
| $12.1M | ﹤0.01% |
2,297,510
+63,323
| +3% | +$431K |
|
|
TRST
2133
Trustco Bank Corp NY
TRST
$938M
| $12.1M | ﹤0.01% |
379,671
+15,836
| +4% | +$568K |
|
|
BRMK
2134
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $12.1M | ﹤0.01% |
2,579,208
+115,673
| +5% | +$511K |
|
2135
SI-BONE Inc
SIBN
$834M
| $12M | ﹤0.01% |
612,504
+28,021
| +5% | +$498K |
|
2136
Pitney Bowes
PBI
$2.39B
| $12M | ﹤0.01% |
3,087,647
+115,331
| +4% | +$485K |
|
2137
Titan Machinery
TITN
$445M
| $12M | ﹤0.01% |
394,141
+14,440
| +4% | +$588K |
|
|
IAS
2138
DELISTED
Integral Ad Science
IAS
| $12M | ﹤0.01% |
840,349
+13,202
| +2% | +$148K |
|
2139
Roivant Sciences
ROIV
$26.2B
| $12M | ﹤0.01% |
1,621,443
+95,750
| +6% | +$788K |
|
|
LAND
2140
Gladstone Land Corp
LAND
$360M
| $11.9M | ﹤0.01% |
717,691
+24,762
| +4% | +$447K |
|
2141
Consensus Cloud Solutions
CCSI
$647M
| $11.9M | ﹤0.01% |
350,111
-18,131
| -5% | -$873K |
|
|
TELL
2142
DELISTED
Tellurian Inc.
TELL
| $11.9M | ﹤0.01% |
9,697,120
+677,847
| +8% | +$1.08M |
|
2143
LSB Industries
LXU
$693M
| $11.9M | ﹤0.01% |
1,151,502
+65,815
| +6% | +$802K |
|
2144
MarineMax
HZO
$788M
| $11.9M | ﹤0.01% |
413,036
+17,494
| +4% | +$550K |
|
2145
PubMatic
PUBM
$810M
| $11.8M | ﹤0.01% |
857,380
+46,371
| +6% | +$670K |
|
2146
IDEAYA Biosciences
IDYA
$3.56B
| $11.8M | ﹤0.01% |
859,934
+54,033
| +7% | +$900K |
|
2147
Cass Information Systems
CASS
$743M
| $11.7M | ﹤0.01% |
270,919
+4,824
| +2% | +$230K |
|
2148
Bally's
BALY
$658M
| $11.7M | ﹤0.01% |
599,571
+15,631
| +3% | +$307K |
|
2149
Gorman-Rupp
GRC
$2.21B
| $11.7M | ﹤0.01% |
466,104
-1,647
| -0.4% | -$43.9K |
|
2150
Community Health Systems
CYH
$423M
| $11.7M | ﹤0.01% |
2,377,945
+58,287
| +3% | +$307K |
|
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.