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 | |
|---|---|---|---|---|---|---|
2451
CNB Financial Corp
CCNE
$1.03B
| $7.28M | ﹤0.01% |
379,410
+16,871
| +5% | +$386K |
|
2452
Aspen Aerogels
ASPN
$518M
| $7.28M | ﹤0.01% |
977,424
+204,828
| +27% | +$2.04M |
|
2453
Blue Bird Corp
BLBD
$2.18B
| $7.27M | ﹤0.01% |
355,765
+34,596
| +11% | +$617K |
|
2454
Miller Industries
MLR
$619M
| $7.25M | ﹤0.01% |
205,095
+11,024
| +6% | +$326K |
|
2455
RE/MAX Holdings
RMAX
$242M
| $7.24M | ﹤0.01% |
385,812
+14,293
| +4% | +$285K |
|
|
BASE
2456
DELISTED
Couchbase
BASE
| $7.24M | ﹤0.01% |
514,760
+13,618
| +3% | +$201K |
|
2457
Arrow Financial
AROW
$652M
| $7.22M | ﹤0.01% |
298,560
+6,230
| +2% | +$183K |
|
|
LICY
2458
DELISTED
Li-Cycle Holdings Corp.
LICY
| $7.19M | ﹤0.01% |
159,736
+7,998
| +5% | +$353K |
|
|
DHC
2459
Diversified Healthcare Trust
DHC
$2.14B
| $7.19M | ﹤0.01% |
5,324,226
+275,855
| +5% | +$285K |
|
2460
Solid Power
SLDP
$532M
| $7.18M | ﹤0.01% |
2,386,175
+130,931
| +6% | +$395K |
|
2461
Plains All American Pipeline
PAA
$16.1B
| $7.16M | ﹤0.01% |
574,516
+4,536
| +0.8% | +$56.6K |
|
2462
Independent Bank Corp
IBCP
$844M
| $7.16M | ﹤0.01% |
403,132
+5,902
| +1% | +$128K |
|
2463
First Community Bankshares
FCBC
$911M
| $7.16M | ﹤0.01% |
285,876
+8,419
| +3% | +$259K |
|
2464
BioXcel Therapeutics
BTAI
$27.8M
| $7.15M | ﹤0.01% |
23,946
+509
| +2% | +$217K |
|
2465
Bar Harbor Bankshares
BHB
$666M
| $7.14M | ﹤0.01% |
269,878
+5,182
| +2% | +$154K |
|
|
ONTF
2466
DELISTED
ON24
ONTF
| $7.13M | ﹤0.01% |
813,848
+40,341
| +5% | +$356K |
|
2467
PetMed Express
PETS
$42.3M
| $7.1M | ﹤0.01% |
437,011
+5,348
| +1% | +$101K |
|
2468
National Presto Industries
NPK
$989M
| $7.09M | ﹤0.01% |
98,416
+5,797
| +6% | +$423K |
|
2469
EverCommerce
EVCM
$1.93B
| $7.07M | ﹤0.01% |
668,674
-2,841
| -0.4% | -$27.4K |
|
|
GLDD
2470
DELISTED
Great Lakes Dredge & Dock
GLDD
| $7.07M | ﹤0.01% |
1,301,973
+80,864
| +7% | +$484K |
|
2471
Johnson Outdoors
JOUT
$505M
| $7.06M | ﹤0.01% |
111,969
+4,032
| +4% | +$260K |
|
2472
ProFrac Holding
ACDC
$782M
| $7.05M | ﹤0.01% |
556,775
+69,579
| +14% | +$1.35M |
|
2473
Atlanta Braves Holdings Series A
BATRA
$3.43B
| $7.05M | ﹤0.01% |
203,918
+8,581
| +4% | +$294K |
|
2474
Target Hospitality
TH
$1.64B
| $7.03M | ﹤0.01% |
535,353
+20,395
| +4% | +$326K |
|
2475
Perella Weinberg Partners
PWP
$1.3B
| $6.98M | ﹤0.01% |
766,772
+35,692
| +5% | +$357K |
|
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.