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 | |
|---|---|---|---|---|---|---|
2426
Quanterix
QTRX
$190M
| $7.55M | ﹤0.01% |
670,322
+30,163
| +5% | +$385K |
|
2427
Alector
ALEC
$198M
| $7.54M | ﹤0.01% |
1,218,724
+26,435
| +2% | +$215K |
|
2428
Lyell Immunopharma
LYEL
$360M
| $7.52M | ﹤0.01% |
159,422
+6,822
| +4% | +$365K |
|
2429
Coastal Financial
CCB
$693M
| $7.52M | ﹤0.01% |
208,838
+8,239
| +4% | +$355K |
|
2430
Pennant Group
PNTG
$1.36B
| $7.51M | ﹤0.01% |
526,213
+33,377
| +7% | +$418K |
|
|
OLPX
2431
DELISTED
Olaplex Holdings
OLPX
| $7.5M | ﹤0.01% |
1,757,394
+60,505
| +4% | +$322K |
|
|
INDT
2432
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
| $7.5M | ﹤0.01% |
113,196
-170
| -0.1% | -$11K |
|
2433
Forrester Research
FORR
$228M
| $7.5M | ﹤0.01% |
231,811
+7,474
| +3% | +$259K |
|
2434
MiMedx Group
MDXG
$633M
| $7.5M | ﹤0.01% |
2,198,537
+98,900
| +5% | +$383K |
|
2435
MINISO
MNSO
$3.75B
| $7.49M | ﹤0.01% |
+424,892
| New | +$6.85M |
|
2436
Rayonier Advanced Materials
RYAM
$610M
| $7.49M | ﹤0.01% |
1,194,704
+51,766
| +5% | +$361K |
|
|
SPNS
2437
DELISTED
Sapiens International
SPNS
| $7.48M | ﹤0.01% |
344,515
+19,467
| +6% | +$411K |
|
2438
Weibo
WB
$1.95B
| $7.46M | ﹤0.01% |
373,860
-2,877
| -0.8% | -$58.8K |
|
|
DSKE
2439
DELISTED
Daseke, Inc. Common Stock
DSKE
| $7.46M | ﹤0.01% |
965,099
+31,163
| +3% | +$229K |
|
|
ORC
2440
Orchid Island Capital
ORC
$1.31B
| $7.46M | ﹤0.01% |
694,907
+44,569
| +7% | +$502K |
|
2441
Axogen
AXGN
$2.5B
| $7.44M | ﹤0.01% |
786,885
+31,523
| +4% | +$288K |
|
2442
Invesco Mortgage Capital
IVR
$805M
| $7.42M | ﹤0.01% |
669,176
+34,426
| +5% | +$444K |
|
2443
Tejon Ranch
TRC
$451M
| $7.41M | ﹤0.01% |
405,793
+10,142
| +3% | +$195K |
|
|
MRSN
2444
DELISTED
Mersana Therapeutics
MRSN
| $7.39M | ﹤0.01% |
71,954
+3,655
| +5% | +$513K |
|
|
CTO
2445
CTO Realty Growth
CTO
$815M
| $7.36M | ﹤0.01% |
426,179
+84,127
| +25% | +$1.52M |
|
2446
Vanda Pharmaceuticals
VNDA
$302M
| $7.35M | ﹤0.01% |
1,082,531
+29,941
| +3% | +$211K |
|
2447
Excelerate Energy
EE
$1.11B
| $7.33M | ﹤0.01% |
331,064
+14,588
| +5% | +$324K |
|
|
REVG
2448
DELISTED
REV Group
REVG
| $7.32M | ﹤0.01% |
610,550
+18,464
| +3% | +$230K |
|
2449
AerSale
ASLE
$279M
| $7.32M | ﹤0.01% |
424,950
+35,823
| +9% | +$637K |
|
2450
Aviat Networks
AVNW
$273M
| $7.3M | ﹤0.01% |
211,839
+8,437
| +4% | +$287K |
|
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.