Geode Capital Management LLC, commonly named Geode is an American investment management firm based in Boston, Massachusetts.
Geode Capital Management was founded in 2001 as an asset management company, first created as a division of Fidelity Investments, with the aim of becoming a test-bed for new investment strategies.
The company would grow quickly from its inception, expanding its services of systematic absolute return strategies to include equity index strategies. Geode Capital would become a fully independent company based out of Boston by 2003, launching its domestic and international equity index strategies and continuing to manage new systematic strategies for its clients.
The company would become a fully independent Boston-based firm by 2003 and launch its domestic and international equity index strategies and continue to manage new systematic strategies for its clients. Geode Capital has grown rapidly since its beginning and has expanded its offering of systematic absolute return plans.
While Fidelity remained a customer of Geode, the fledgling company’s independence meant that it would do more business with other indexing businesses while still offering hedge fund investments to its parent company’s customers. Although Geode Capital primarily serves investment firms, it also serves offshore investment trusts and bank or thrift organizations.
This article contains all information about Geode Capital Management. Scroll down for more detail
|Founded||2001, 22 years ago|
|Headquarters||U.S., Massachusetts in Boston at 100 Summer Street.|
|AUM||$1.033 trillion (June 2023)|
History Of Ownership
The company is owned by its employees and board of directors. However, Most of the staff are quants who are engineers qualified in mathematics or computer science. In 2023, Lionel T. Harris performed as chairman of the committee whereas Bob Minicus is President and CEO of the firm. The company overall included ten members.
- 2001: Geode established
- 2003: Geode was spun off as an independent company and Fidelity Investments hired Geode Capital Management to subadvise on three equity index funds.
- 2007: Perold was later succeeded by Vincent Gubitosi
- 2017: AUM was $359 billion
- 2020: Bob Minicus was the new CEO and it had almost $720 billion in assets under management with around 140 employees.
- 2021: the company was profiled in the Wall Street Journal
- 2022: $1 trillion in assets under management due to the popularity of index funds.
Who is the Owner of Geode Capital Management LLC
Geode invests in public equity and alternative asset needs as well as mainly focusing on the growth and value stocks of small to large-cap companies.
Geode states it uses a systemic and risk-managed approach to investing that is team-based, seeking to capture systematic sources of return by “emphasizing a repeatable, risk-managed and collaborative investment process.” In search of both alpha generation and beta exposure, the firm’s strategies include equity indexes, options, quantitative active equity, commodities, and multi-asset classes.
Institutional Owners: Who is the Owner of Geode Capital Management LLC
According to data on 16 May 2023, the following is a list of Geode Capital Management LLC’s key shareholders.
|Amazon.com Inc Retail||Cyclical||165,309,180||17,031,682.73|
|Tesla Inc||Vehicles & Parts||50,047,967||10,358,912.00|
|Alphabet Inc||Interactive Media||97,334,986||10,096,845.56|
|Berkshire Hathaway Inc||Insurance||31,849,381||9,812,376.78|
|Meta Platforms Inc||Interactive Media||43,938,344||9,290,409.54|
|Exxon Mobil Corp||Oil & Gas||73,871,122||8,084,882.83|
The company is a multinational financial technology powerhouse that invests.
However, it should not be the primary element for your stock purchase decision. Geode Capital Management LLC‘s experience should be determined by your investment objectives, risk tolerance as well as portfolio size.
It offers a wide range of services, making it easier for individuals and businesses to conduct secure and efficient business. Learn more about Geode Capital Management LLC’s innovative solutions and their widespread influence on investment.
|Lionel T. Harris||Chairman|
|David Lane||President and CEO|
Here, we will explore the various subsidiaries that are part of the Geode Capital Management LLC family. Each subsidiary may have unique offerings and contribute to the overall strength and diversity of Geode Capital Management LLC services.
- corporations investment companies
- pension funds
- sovereign wealth funds
Geode Capital Management LLC is a pioneering firm in the field of investment management
In their most recent 13F filing with the SEC for the portfolio date of 2023-03-31, GEODE CAPITAL MANAGEMENT, LLC disclosed 4801 total holdings. The portfolio’s current value is estimated to be $770.08 billion. The turnover rate is one percent.
According to the current portfolio as of 2023-03-31, the top 5 holdings companies are Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), NVIDIA Corp (NVDA), Alphabet Inc (GOOGL).
Geode Capital Management LLC has always been at the forefront of investment management. Its founder, Bob Minicus pioneered index fund investing, giving investors access to the entire market at low cost. This approach has attracted many investors who seek long-term growth with minimal costs, making The Geode Capital Management LLC a popular choice.
Conclusion: Who is the Owner of Geode Capital Management LLC
In this article, complete information about Geode Capital Management LLC has been given. Understanding who owns the most Geode Capital Management LLC stock can aid in comprehending the company’s goals.
However, it should not be the primary element for your stock purchase decision. Geode Capital Management LLC’s experience should be determined by your investment objectives, risk tolerance as well as portfolio size.
Before making any investment or trading choice, it is necessary to conduct your own research, there are many things to keep in mind while investing. Furthermore, never invest or trade money that you cannot afford to lose.
Geode Capital Management manages global systematic investments. Geode gives customers the scale of a large asset management firm, with the benefits of a versatile investment platform – flexibility and customization.