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 | |
|---|---|---|---|---|---|---|
2251
Bristow Group
VTOL
$1.36B
| $9.99M | ﹤0.01% |
445,949
+21,661
| +5% | +$575K |
|
|
ZEUS
2252
DELISTED
Olympic Steel
ZEUS
| $9.98M | ﹤0.01% |
191,130
+10,264
| +6% | +$474K |
|
|
LUCK
2253
Lucky Strike Entertainment
LUCK
$911M
| $9.98M | ﹤0.01% |
588,592
+18,199
| +3% | +$270K |
|
|
ESTE
2254
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $9.96M | ﹤0.01% |
765,720
+23,714
| +3% | +$318K |
|
2255
Insteel Industries
IIIN
$625M
| $9.95M | ﹤0.01% |
357,718
+15,277
| +4% | +$444K |
|
2256
First Mid Bancshares
FMBH
$1.36B
| $9.95M | ﹤0.01% |
365,529
+37,279
| +11% | +$1.14M |
|
|
NFBK
2257
DELISTED
Northfield Bancorp
NFBK
| $9.94M | ﹤0.01% |
844,030
+32,927
| +4% | +$471K |
|
|
EWCZ
2258
DELISTED
European Wax Center
EWCZ
| $9.94M | ﹤0.01% |
523,230
+22,496
| +4% | +$394K |
|
2259
4D Molecular Therapeutics
FDMT
$562M
| $9.93M | ﹤0.01% |
577,922
+16,185
| +3% | +$315K |
|
2260
Titan International
TWI
$475M
| $9.9M | ﹤0.01% |
944,747
+41,501
| +5% | +$588K |
|
2261
AMC Global Media
AMCX
$489M
| $9.9M | ﹤0.01% |
563,190
+16,565
| +3% | +$310K |
|
2262
Vishay Precision Group
VPG
$914M
| $9.9M | ﹤0.01% |
236,994
+12,157
| +5% | +$514K |
|
|
HTBK
2263
DELISTED
Heritage Commerce
HTBK
| $9.9M | ﹤0.01% |
1,188,073
+58,885
| +5% | +$674K |
|
|
CFB
2264
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $9.85M | ﹤0.01% |
939,806
+78,257
| +9% | +$1,000K |
|
|
RUTH
2265
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $9.83M | ﹤0.01% |
598,377
+19,662
| +3% | +$341K |
|
|
CWAN
2266
DELISTED
Clearwater Analytics
CWAN
| $9.81M | ﹤0.01% |
614,850
+128,084
| +26% | +$2.24M |
|
2267
Allient
ALNT
$1.92B
| $9.81M | ﹤0.01% |
253,689
+11,122
| +5% | +$440K |
|
|
VRAY
2268
DELISTED
ViewRay, Inc.
VRAY
| $9.78M | ﹤0.01% |
2,826,055
+97,462
| +4% | +$412K |
|
2269
Li Auto
LI
$12.7B
| $9.75M | ﹤0.01% |
390,789
-2,419,274
| -86% | -$57.1M |
|
2270
ANI Pharmaceuticals
ANIP
$1.78B
| $9.74M | ﹤0.01% |
245,105
+5,756
| +2% | +$243K |
|
2271
Boston Omaha
BOC
$436M
| $9.7M | ﹤0.01% |
409,893
+23,258
| +6% | +$579K |
|
|
RAPT
2272
DELISTED
RAPT Therapeutics
RAPT
| $9.7M | ﹤0.01% |
66,069
+9,206
| +16% | +$1.86M |
|
|
ONC
2273
BeOne Medicines Ltd
ONC
$39.4B
| $9.68M | ﹤0.01% |
44,908
-201,460
| -82% | -$48.3M |
|
2274
Clear Channel Outdoor Holdings
CCO
$1.23B
| $9.67M | ﹤0.01% |
8,058,489
+324,778
| +4% | +$479K |
|
2275
Byline Bancorp
BY
$1.76B
| $9.64M | ﹤0.01% |
446,021
+11,502
| +3% | +$268K |
|
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.