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Feb 9, 2022 · Fidelity’s little-known passive investment business Geode Capital Management surged to $1tn in assets last year, underscoring its quiet emergence as a major player in the index fund industry.
History. Geode was originally set up by Fidelity Investments in 2001 to run systematic long/short equity strategies and to incubate new strategies. [2] Fidelity initially committed $229 million to Geode Capital, which was computer-driven as an investor, with Fidelity executive Jacque Perold installed as the head of the firm.
Feb 28, 2021 · Geode Capital Management’s largest private fund lost about $250 million after its bets on stock-market volatility turned sour last year, people familiar with the matter said.
Latest statistics and disclosures from Geode Capital Management's latest quarterly 13F-HR filing: Top 5 stock holdings are MSFT , AAPL , NVDA , AMZN , META , and represent 20.57% of Geode Capital Management's stock portfolio.
Company (ticker)Portfolio WeightValued AtChange In SharesMicrosoft Corporation ( MSFT )6.1$66B+4%Apple ( AAPL )4.9$53B+3%NVIDIA Corporation ( NVDA )4.4$47B+8%Amazon ( AMZN )3.1$34B+6%This quarter, Geode Capital Management, LLC has purchased 4,652 new stocks and bought additional shares in 3,700 stocks. Geode Capital Management, LLC sold shares of 265 stocks and completely divested from 177 stocks this quarter.
Historical performance of Geode Capital Management Llc, showing the return on investment of the portfolio managed by Geode Capital Management and comparing it to other hedge funds.
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Geode Capital Management is a hedge fund with 161 clients and discretionary assets under management (AUM) of $1,062,795,395,069 (Form ADV from 2024-03-28). Their last reported 13F filing for Q1 2024 included $1,081,306,080,934 in managed 13F securities and a top 10 holdings concentration of 27.52%.
