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 | |
|---|---|---|---|---|---|---|
2276
Children's Place
PLCE
$59.8M
| $9.64M | ﹤0.01% |
239,500
-3,498
| -1% | -$144K |
|
|
CVGW
2277
DELISTED
Calavo Growers
CVGW
| $9.62M | ﹤0.01% |
334,281
+11,986
| +4% | +$359K |
|
|
ACRE
2278
Ares Commercial Real Estate
ACRE
$270M
| $9.62M | ﹤0.01% |
1,057,768
+71,235
| +7% | +$779K |
|
2279
Artivion
AORT
$1.32B
| $9.61M | ﹤0.01% |
733,371
+26,615
| +4% | +$340K |
|
2280
Peapack-Gladstone Financial
PGC
$812M
| $9.59M | ﹤0.01% |
323,929
+10,772
| +3% | +$382K |
|
|
EHAB
2281
DELISTED
Enhabit
EHAB
| $9.52M | ﹤0.01% |
684,312
+16,522
| +2% | +$237K |
|
2282
Xometry
XMTR
$5.34B
| $9.49M | ﹤0.01% |
634,081
+31,186
| +5% | +$820K |
|
2283
Great Southern Bancorp
GSBC
$878M
| $9.49M | ﹤0.01% |
187,196
+7,458
| +4% | +$423K |
|
2284
Acco Brands
ACCO
$407M
| $9.48M | ﹤0.01% |
1,781,685
+72,761
| +4% | +$416K |
|
2285
Ardelyx
ARDX
$997M
| $9.48M | ﹤0.01% |
1,978,173
+251,236
| +15% | +$847K |
|
2286
Core Laboratories
CLB
$521M
| $9.45M | ﹤0.01% |
428,634
+6,222
| +1% | +$146K |
|
2287
Stoneridge
SRI
$213M
| $9.4M | ﹤0.01% |
502,459
+19,962
| +4% | +$429K |
|
2288
Accel Entertainment
ACEL
$987M
| $9.38M | ﹤0.01% |
1,030,107
+24,163
| +2% | +$217K |
|
|
ORGN
2289
DELISTED
Origin Materials
ORGN
| $9.37M | ﹤0.01% |
73,110
+2,906
| +4% | +$429K |
|
2290
Central Pacific Financial
CPF
$1B
| $9.35M | ﹤0.01% |
522,481
+11,721
| +2% | +$250K |
|
2291
Lufax Holding
LU
$1.3B
| $9.34M | ﹤0.01% |
1,149,435
+376,504
| +49% | +$3.61M |
|
2292
VSE Corp
VSEC
$6.12B
| $9.34M | ﹤0.01% |
207,925
+5,376
| +3% | +$272K |
|
2293
Haverty Furniture Companies
HVT
$454M
| $9.29M | ﹤0.01% |
291,181
+2,101
| +0.7% | +$71.3K |
|
2294
CareDx
CDNA
$2.42B
| $9.29M | ﹤0.01% |
1,016,530
+34,511
| +4% | +$441K |
|
2295
Emergent Biosolutions
EBS
$248M
| $9.29M | ﹤0.01% |
896,454
+38,040
| +4% | +$460K |
|
2296
Universal Insurance Holdings
UVE
$1.23B
| $9.28M | ﹤0.01% |
509,248
+10,386
| +2% | +$154K |
|
2297
Seres Therapeutics
MCRB
$48.4M
| $9.27M | ﹤0.01% |
81,775
+2,255
| +3% | +$244K |
|
2298
AvePoint
AVPT
$2.71B
| $9.26M | ﹤0.01% |
2,246,913
+116,599
| +5% | +$526K |
|
2299
Franklin Covey
FC
$246M
| $9.25M | ﹤0.01% |
240,360
-563
| -0.2% | -$26K |
|
2300
FLEX LNG
FLNG
$1.67B
| $9.24M | ﹤0.01% |
275,159
+17,245
| +7% | +$561K |
|
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.