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 | |
|---|---|---|---|---|---|---|
2176
Kinetik
KNTK
$7.98B
| $11.4M | ﹤0.01% |
364,483
+25,673
| +8% | +$788K |
|
2177
Lightwave Logic
LWLG
$1.25B
| $11.4M | ﹤0.01% |
2,179,549
+87,951
| +4% | +$491K |
|
2178
Old Second Bancorp
OSBC
$1.29B
| $11.4M | ﹤0.01% |
810,324
+33,973
| +4% | +$542K |
|
|
FNA
2179
DELISTED
Paragon 28, Inc.
FNA
| $11.4M | ﹤0.01% |
666,637
+50,976
| +8% | +$909K |
|
|
CIR
2180
DELISTED
CIRCOR International, Inc
CIR
| $11.3M | ﹤0.01% |
364,544
+12,581
| +4% | +$344K |
|
2181
RPC Inc
RES
$1.3B
| $11.3M | ﹤0.01% |
1,474,427
+59,522
| +4% | +$529K |
|
2182
Compass Diversified
CODI
$828M
| $11.3M | ﹤0.01% |
593,726
+29,942
| +5% | +$613K |
|
|
CVT
2183
DELISTED
Cvent Holding Corp. Common Stock
CVT
| $11.3M | ﹤0.01% |
1,355,047
+19,765
| +1% | +$143K |
|
|
VMEO
2184
DELISTED
Vimeo
VMEO
| $11.3M | ﹤0.01% |
2,948,442
+170,860
| +6% | +$670K |
|
2185
Petco
WOOF
$794M
| $11.3M | ﹤0.01% |
1,254,316
+52,884
| +4% | +$547K |
|
|
NWLI
2186
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $11.3M | ﹤0.01% |
46,519
+1,171
| +3% | +$305K |
|
2187
MasterCraft Boat Holdings
MCFT
$590M
| $11.3M | ﹤0.01% |
370,628
+40,521
| +12% | +$1.26M |
|
|
CMRC
2188
Commerce.com Inc Series 1
CMRC
$184M
| $11.3M | ﹤0.01% |
1,259,550
+56,653
| +5% | +$574K |
|
2189
Alignment Healthcare
ALHC
$2.98B
| $11.3M | ﹤0.01% |
1,769,003
+66,963
| +4% | +$639K |
|
|
VTNR
2190
DELISTED
Vertex Energy, Inc
VTNR
| $11.2M | ﹤0.01% |
1,137,888
+52,255
| +5% | +$415K |
|
2191
Arcturus Therapeutics
ARCT
$211M
| $11.2M | ﹤0.01% |
468,116
+18,177
| +4% | +$326K |
|
2192
Ennis
EBF
$564M
| $11.2M | ﹤0.01% |
531,288
+2,308
| +0.4% | +$49.3K |
|
2193
Conduent
CNDT
$264M
| $11.2M | ﹤0.01% |
3,261,432
+125,724
| +4% | +$517K |
|
|
UBA
2194
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $11.2M | ﹤0.01% |
636,531
+600
| +0.1% | +$10.8K |
|
2195
EVgo
EVGO
$229M
| $11.2M | ﹤0.01% |
1,435,593
+66,995
| +5% | +$394K |
|
|
HCCI
2196
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $11.2M | ﹤0.01% |
313,793
+11,188
| +4% | +$403K |
|
2197
Flex
FLEX
$44.8B
| $11.1M | ﹤0.01% |
642,820
-76,699
| -11% | -$1.33M |
|
|
GES
2198
DELISTED
Guess Inc
GES
| $11.1M | ﹤0.01% |
572,465
+19,504
| +4% | +$418K |
|
2199
Genco Shipping & Trading
GNK
$1.1B
| $11.1M | ﹤0.01% |
709,269
+31,390
| +5% | +$538K |
|
2200
Hanmi Financial
HAFC
$946M
| $11.1M | ﹤0.01% |
597,474
+24,135
| +4% | +$548K |
|
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.