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 | |
|---|---|---|---|---|---|---|
|
DM
2201
DELISTED
Desktop Metal, Inc.
DM
| $11.1M | ﹤0.01% |
481,928
+25,549
| +6% | +$482K |
|
|
NVEI
2202
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $11M | ﹤0.01% |
254,782
+9,040
| +4% | +$315K |
|
2203
i3 Verticals
IIIV
$342M
| $11M | ﹤0.01% |
450,205
+40,706
| +10% | +$1.07M |
|
|
BRY
2204
DELISTED
Berry Corp
BRY
| $11M | ﹤0.01% |
1,406,753
+47,657
| +4% | +$413K |
|
2205
Castle Biosciences
CSTL
$979M
| $11M | ﹤0.01% |
484,954
+19,287
| +4% | +$471K |
|
2206
PC Connection
CNXN
$2.12B
| $11M | ﹤0.01% |
244,727
+11,997
| +5% | +$547K |
|
|
GOOD
2207
Gladstone Commercial Corp
GOOD
$627M
| $11M | ﹤0.01% |
868,382
+39,359
| +5% | +$598K |
|
2208
Smith & Wesson
SWBI
$637M
| $11M | ﹤0.01% |
889,851
+21,219
| +2% | +$227K |
|
|
TBI
2209
Trueblue
TBI
$311M
| $10.9M | ﹤0.01% |
615,004
+20,189
| +3% | +$377K |
|
2210
Resources Connection
RGP
$145M
| $10.9M | ﹤0.01% |
640,853
+29,274
| +5% | +$514K |
|
2211
E.W. Scripps
SSP
$304M
| $10.9M | ﹤0.01% |
1,161,197
+38,239
| +3% | +$481K |
|
2212
Customers Bancorp
CUBI
$2.77B
| $10.9M | ﹤0.01% |
588,405
-9,290
| -2% | -$253K |
|
|
TWOU
2213
DELISTED
2U Inc
TWOU
| $10.8M | ﹤0.01% |
52,470
+1,706
| +3% | +$427K |
|
|
CLDT
2214
Chatham Lodging
CLDT
$586M
| $10.7M | ﹤0.01% |
1,024,027
+26,205
| +3% | +$321K |
|
2215
BRC Group Holdings
RILY
$289M
| $10.7M | ﹤0.01% |
378,149
+16,935
| +5% | +$641K |
|
|
WOW
2216
DELISTED
WideOpenWest
WOW
| $10.7M | ﹤0.01% |
1,008,467
+49,323
| +5% | +$534K |
|
2217
American Well
AMWL
$230M
| $10.7M | ﹤0.01% |
226,760
+8,199
| +4% | +$526K |
|
2218
Clearwater Paper
CLW
$376M
| $10.7M | ﹤0.01% |
318,849
+11,086
| +4% | +$401K |
|
2219
Lennar Class B
LEN.B
$20.8B
| $10.6M | ﹤0.01% |
125,406
+5,188
| +4% | +$412K |
|
|
HONE
2220
DELISTED
HarborOne Bancorp
HONE
| $10.6M | ﹤0.01% |
870,474
+33,373
| +4% | +$446K |
|
2221
Vodafone
VOD
$37.4B
| $10.6M | ﹤0.01% |
959,106
-39,274
| -4% | -$447K |
|
2222
Repay Holdings
RPAY
$327M
| $10.6M | ﹤0.01% |
1,607,238
+41,686
| +3% | +$343K |
|
2223
Brookdale Senior Living
BKD
$3.4B
| $10.6M | ﹤0.01% |
3,578,513
+233,465
| +7% | +$670K |
|
2224
Editas Medicine
EDIT
$442M
| $10.5M | ﹤0.01% |
1,451,254
+71,571
| +5% | +$636K |
|
|
VZIO
2225
DELISTED
VIZIO Holding Corp.
VZIO
| $10.5M | ﹤0.01% |
1,146,077
+46,643
| +4% | +$421K |
|
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.