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 | |
|---|---|---|---|---|---|---|
|
SWI
2401
DELISTED
SolarWinds Corporation Common Stock
SWI
| $7.86M | ﹤0.01% |
914,288
-21,835
| -2% | -$203K |
|
2402
Sprinklr
CXM
$1.61B
| $7.86M | ﹤0.01% |
606,570
+60,651
| +11% | +$615K |
|
2403
Republic Bancorp
RBCAA
$1.95B
| $7.85M | ﹤0.01% |
184,973
+5,807
| +3% | +$251K |
|
2404
Custom Truck One Source
CTOS
$2.37B
| $7.83M | ﹤0.01% |
1,153,038
+35,200
| +3% | +$244K |
|
2405
Pulmonx
LUNG
$87.6M
| $7.83M | ﹤0.01% |
700,142
+40,546
| +6% | +$400K |
|
|
CUTR
2406
DELISTED
Cutera, Inc.
CUTR
| $7.82M | ﹤0.01% |
331,123
+14,123
| +4% | +$452K |
|
2407
AngioDynamics
ANGO
$649M
| $7.77M | ﹤0.01% |
751,491
+36,496
| +5% | +$467K |
|
2408
Powell Industries
POWL
$7.71B
| $7.72M | ﹤0.01% |
543,840
+17,952
| +3% | +$249K |
|
|
SLGC
2409
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
| $7.71M | ﹤0.01% |
3,023,844
+110,596
| +4% | +$317K |
|
2410
Nordic American Tanker
NAT
$1.37B
| $7.71M | ﹤0.01% |
1,946,088
+93,938
| +5% | +$337K |
|
2411
Marcus Corp
MCS
$945M
| $7.7M | ﹤0.01% |
480,967
+33,477
| +7% | +$514K |
|
2412
IES Holdings
IESC
$15.2B
| $7.69M | ﹤0.01% |
178,365
+3,783
| +2% | +$155K |
|
2413
Ocular Therapeutix
OCUL
$2.02B
| $7.68M | ﹤0.01% |
1,457,740
+47,087
| +3% | +$224K |
|
|
ETNB
2414
DELISTED
89bio
ETNB
| $7.68M | ﹤0.01% |
503,945
+160,089
| +47% | +$2.09M |
|
2415
Zegna
ZGN
$4B
| $7.61M | ﹤0.01% |
558,155
+60,645
| +12% | +$749K |
|
|
PTVE
2416
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $7.6M | ﹤0.01% |
950,223
+33,158
| +4% | +$341K |
|
2417
Vertex
VERX
$1.94B
| $7.6M | ﹤0.01% |
367,155
+4,762
| +1% | +$73.4K |
|
2418
Babcock & Wilcox
BW
$1.39B
| $7.6M | ﹤0.01% |
1,253,433
+42,263
| +3% | +$261K |
|
2419
Capital City Bank Group
CCBG
$890M
| $7.59M | ﹤0.01% |
259,060
+9,763
| +4% | +$317K |
|
|
STKL
2420
DELISTED
SunOpta
STKL
| $7.58M | ﹤0.01% |
984,193
+57,338
| +6% | +$459K |
|
|
FFWM
2421
DELISTED
First Foundation Inc
FFWM
| $7.58M | ﹤0.01% |
1,016,928
+47,799
| +5% | +$638K |
|
2422
Logitech
LOGI
$15.2B
| $7.57M | ﹤0.01% |
130,374
+73
| +0.1% | +$4.15K |
|
2423
Global Industrial
GIC
$1.49B
| $7.57M | ﹤0.01% |
281,918
+17,111
| +6% | +$452K |
|
2424
Carriage Services
CSV
$569M
| $7.56M | ﹤0.01% |
247,806
-18,527
| -7% | -$588K |
|
|
TSVT
2425
DELISTED
2seventy bio
TSVT
| $7.56M | ﹤0.01% |
741,472
+25,843
| +4% | +$295K |
|
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.