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 | |
|---|---|---|---|---|---|---|
2326
W&T Offshore
WTI
$518M
| $8.94M | ﹤0.01% |
1,759,060
+61,527
| +4% | +$344K |
|
|
SHOE
2327
Shoe Station Group
SHOE
$428M
| $8.9M | ﹤0.01% |
347,081
+7,049
| +2% | +$184K |
|
2328
Arcutis Biotherapeutics
ARQT
$3.18B
| $8.89M | ﹤0.01% |
808,367
+29,223
| +4% | +$423K |
|
2329
Dutch Bros
BROS
$9.26B
| $8.88M | ﹤0.01% |
280,794
+5,246
| +2% | +$178K |
|
|
ROVR
2330
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $8.87M | ﹤0.01% |
1,957,221
+71,023
| +4% | +$286K |
|
2331
U-Haul Holding Co
UHAL
$14.6B
| $8.86M | ﹤0.01% |
148,541
+21,489
| +17% | +$1.35M |
|
2332
Ryanair
RYAAY
$31.3B
| $8.86M | ﹤0.01% |
234,890
+767
| +0.3% | +$28.3K |
|
|
SFIX
2333
Stitch Fix
SFIX
$560M
| $8.84M | ﹤0.01% |
1,730,337
+96,937
| +6% | +$454K |
|
2334
Beazer Homes USA
BZH
$907M
| $8.84M | ﹤0.01% |
556,724
+18,790
| +3% | +$278K |
|
|
KBAL
2335
DELISTED
Kimball International
KBAL
| $8.84M | ﹤0.01% |
712,738
+18,572
| +3% | +$160K |
|
2336
iHeartMedia
IHRT
$583M
| $8.82M | ﹤0.01% |
2,260,829
+116,349
| +5% | +$742K |
|
2337
Genesco
GCO
$422M
| $8.79M | ﹤0.01% |
238,444
+6,090
| +3% | +$267K |
|
2338
Luxfer Holdings
LXFR
$458M
| $8.78M | ﹤0.01% |
519,328
+19,233
| +4% | +$309K |
|
2339
Farmers National Banc Corp
FMNB
$929M
| $8.75M | ﹤0.01% |
691,963
+72,478
| +12% | +$1M |
|
2340
V2X
VVX
$2.65B
| $8.74M | ﹤0.01% |
220,136
+6,053
| +3% | +$259K |
|
|
TBRG
2341
DELISTED
TruBridge
TBRG
| $8.73M | ﹤0.01% |
289,027
+6,310
| +2% | +$184K |
|
2342
Horizon Bancorp
HBNC
$1.04B
| $8.72M | ﹤0.01% |
788,000
+29,117
| +4% | +$418K |
|
2343
Novavax
NVAX
$1.31B
| $8.68M | ﹤0.01% |
1,252,654
+155,675
| +14% | +$1.43M |
|
|
INFA
2344
DELISTED
Informatica
INFA
| $8.68M | ﹤0.01% |
529,088
+33,047
| +7% | +$561K |
|
2345
Ezcorp Inc
EZPW
$1.71B
| $8.67M | ﹤0.01% |
1,008,248
+36,226
| +4% | +$318K |
|
2346
AnaptysBio
ANAB
$1.68B
| $8.67M | ﹤0.01% |
398,406
+6,642
| +2% | +$161K |
|
2347
ATN International
ATNI
$492M
| $8.66M | ﹤0.01% |
211,607
+4,168
| +2% | +$184K |
|
2348
Allogene Therapeutics
ALLO
$694M
| $8.64M | ﹤0.01% |
1,749,244
+42,784
| +3% | +$274K |
|
2349
Microvision
MVIS
$78.9M
| $8.64M | ﹤0.01% |
215,755
+11,090
| +5% | +$420K |
|
|
SHCR
2350
DELISTED
Sharecare, Inc. Class A Common Stock
SHCR
| $8.62M | ﹤0.01% |
6,073,401
+197,737
| +3% | +$448K |
|
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.