GC
Geode Capital Management, LLC 13F 持仓 + AI 分析
Geode Capital Management, LLC分散型投资策略趋势追踪型长期持有型
申报总市值
US$1.6万亿
申报季度: 2026-03-31 · 持股只数: 8577
GEODE CAPITAL MANAGEMENT, LLC在最新一期 13F 报告中披露了 8577 项持股，申报期为 2026-03-31，总持股市值约为 US$1.6万亿，季度换手率为 14.0%。
机构性格雪花图
- 集中度
- 5.81
- 持仓稳定性
- 13.97
- 动能／逆势
- 77.27
- 行业集中度
- 48.39
- 多样化
- 100
- 仓位均衡度
- 19.65
近期动向
减仓 MSFT
+3.2% -US$184.5亿
加仓 XOM
-0.5% US$46.4亿
减仓 NVDA
+2.1% -US$48.8亿
减仓 TSLA
+3.5% -US$42.5亿
减仓 META
+2.6% -US$38.5亿
减仓 AAPL
+3.0% -US$37.3亿
持仓地图
新建仓加仓不变减仓
机构博弈推演
核心意图
Geode本季手法看似四平八穩，實則暗度陳倉——趁科技七雄回檔之際悄悄加碼，同時對大漲的能源股調節出貨，擺明是在換手卡位下一波AI攻勢，邊洗盤邊收籌碼，等散戶反應過來已經跟不上車。
基本面与宏观布局
他們賭的是美國經濟軟著陸後資金將重返成長股，AI硬體投資週期未見頂，NVDA、AVGO等供應鏈訂單能見度支撐盈餘，而Fed降息預期一旦發酵，這批低接的科技核心將成為資金行情的主攻部隊。勝負手在於通膨是否持續降溫，讓市場敢於重新擁抱風險。
潜在盲点
最大罩門是籌碼過度集中在指數權重股，這些大型科技股已是外資法人標準配備，一旦AI題材出現雜音或流動性意外收緊，同步停損將引爆多殺多，這批本季低接的籌碼反而最先被提款，Beta屠殺時沒有股票能獨善其身。
由 AI 根据公开 SEC 申报资料生成，仅反映过去持仓，不应视为投资建议。
前十大持股占比
本季完整持股清单
仅显示前 4513 大持股（共 8577 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | 股票-科技 | 6.50% | -0.25% | +2.13% | |
| 2 | AAPL | Apple INC | 股票-科技 | 5.80% | -0.19% | +2.96% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.33% | -1.10% | +3.22% | |
| 4 | AMZN | Amazon.com INC | 股票-周期性消费 | 3.01% | -0.18% | +3.60% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.71% | -0.11% | +3.90% | |
| 6 | AVGO | Broadcom INC | 股票-科技 | 2.19% | -0.18% | +2.70% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.98% | -0.10% | +3.27% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.92% | -0.22% | +2.57% | |
| 9 | TSLA | Tesla INC | 股票-周期性消费 | 1.57% | -0.25% | +3.50% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.22% | — | +2.84% | |
| 11 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.15% | -0.16% | +1.93% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.14% | -0.07% | +2.09% | |
| 13 | XOM | Exxon Mobil CORP | 股票-能源 | 1.00% | +0.29% | -0.46% | |
| 14 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.90% | +0.16% | +2.09% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 0.84% | -0.11% | +1.91% | |
| 16 | WMT | Walmart INC | 股票-非周期性消费 | 0.81% | +0.10% | +2.76% | |
| 17 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.66% | +0.11% | +2.61% | |
| 18 | MA | Mastercard INC - A | 股票-金融 | 0.65% | -0.08% | +1.86% | |
| 19 | ABBV | Abbvie INC | 股票-医疗保健 | 0.63% | — | +4.72% | |
| 20 | NFLX | Netflix INC | 股票-通信服务 | 0.62% | — | +3.95% | |
| 21 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.58% | — | +2.80% | |
| 22 | MU | Micron Technology INC | 股票-科技 | 0.57% | +0.11% | +5.52% | |
| 23 | CVX | Chevron CORP | 股票-能源 | 0.56% | +0.15% | +0.15% | |
| 24 | HD | Home Depot INC | 股票-周期性消费 | 0.51% | — | +4.97% | |
| 25 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.51% | -0.08% | +3.08% | |
| 26 | AMD | Advanced Micro Devices | 股票-科技 | 0.50% | — | +5.87% | |
| 27 | CSCO | Cisco Systems INC | 股票-科技 | 0.49% | — | +2.52% | |
| 28 | CAT | Caterpillar INC | 股票-工业 | 0.49% | +0.12% | +4.88% | |
| 29 | BAC | Bank Of America CORP | 股票-金融 | 0.48% | — | +2.23% | |
| 30 | LRCX | Lam Research CORP | 股票-科技 | 0.47% | +0.11% | +4.23% | |
| 31 | AMAT | Applied Materials INC | 股票-科技 | 0.47% | +0.18% | +17.80% | |
| 32 | GE | General Electric | 股票-工业 | 0.45% | — | +2.41% | |
| 33 | MRK | Merck & Co. INC. | 股票-医疗保健 | 0.44% | +0.05% | -0.82% | |
| 34 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.44% | — | +3.30% | |
| 35 | RTX | Rtx CORP | 股票-工业 | 0.40% | +0.06% | +9.66% | |
| 36 | PM | Philip Morris International | 股票-非周期性消费 | 0.40% | — | +2.89% | |
| 37 | UNH | Unitedhealth Group INC | 股票-医疗保健 | 0.38% | -0.06% | +4.48% | |
| 38 | GS | Goldman Sachs Group INC | 股票-金融 | 0.37% | — | +5.77% | |
| 39 | LIN | Linde plc | 股票-原材料 | 0.37% | +0.06% | +4.22% | |
| 40 | WFC | Wells Fargo & Co | 股票-金融 | 0.36% | -0.05% | +2.02% | |
| 41 | ORCL | Oracle CORP | 股票-科技 | 0.35% | -0.10% | +3.22% | |
| 42 | IBM | Intl Business Machines CORP | 股票-科技 | 0.35% | -0.06% | +2.08% | |
| 43 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.35% | — | +5.42% | |
| 44 | GEV | GE Vernova INC | 股票-工业 | 0.35% | +0.10% | +2.17% | |
| 45 | AMGN | Amgen INC | 股票-医疗保健 | 0.34% | — | +7.88% | |
| 46 | KLAC | Kla CORP | 股票-科技 | 0.34% | +0.08% | +4.63% | |
| 47 | PEP | Pepsico INC | 股票-非周期性消费 | 0.33% | — | +2.96% | |
| 48 | VZ | Verizon Communications INC | 股票-通信服务 | 0.33% | +0.07% | +3.48% | |
| 49 | T | At&t INC | 股票-通信服务 | 0.31% | — | +2.35% | |
| 50 | INTC | Intel CORP | 股票-科技 | 0.30% | +0.07% | +7.46% |
1–50 of 4,513
投资组合表现
Q3 2026表现
+3.4%
近4个季度表现
+22.4%
基于可获取价格的持仓（占申报价值的76%）计算
- 标准差
- +13.7%
- 贝塔系数
- +1.03
- 阿尔法
- -1.3%
- 最大回撤
- -9.3%
- 年化表现
- +18.1%
- 对标普胜率
- +47.2%
- 索提诺比率
- +2.67
- 斯图泽指数
- +0.38
- 特雷诺比率
- +0.17
- 斯特林比率
- +1.04
- 卡玛比率
- +1.95
- 信息比率
- -0.33
- 跟踪误差
- +2.4%
- 下行标准差
- +6.6%
- 正收益月份占比
- +63.9%
- 负收益月份占比
- +36.1%
- 最佳12个月
- +36.3%
- 最差12个月
- +6.4%
- 效率比率
- +0.54
- 夏普比率
- +1.29
- 行业分散度
- +8%
- 偏度
- +0.23
- 峰度
- +0.02
- 上行潜力
- +4.37
申报总市值趋势
行业配置
历年行业分布趋势
季度历史总览
| 季度 | 持股只数 | 总市值 | 稳定性 | 主要持股 |
|---|---|---|---|---|
| 2026-03-31 | 8577 | US$1.6万亿 | 14 | |
| 2025-12-31 | 8528 | US$1.6万亿 | 11 | |
| 2025-09-30 | 8534 | US$1.6万亿 | 25 | |
| 2025-06-30 | 8497 | US$1.4万亿 | 0 | |
| 2025-03-31 | 8518 | US$1.3万亿 | 100 | |
| 2024-12-31 | 8578 | US$1.3万亿 | 0 | |
| 2024-09-30 | 8616 | US$1.2万亿 | 0 | |
| 2024-06-30 | 8747 | US$1.1万亿 | 0 | |
| 2024-03-31 | 4609 | US$1.1万亿 | 0 | |
| 2023-12-31 | 4652 | US$9558.5亿 | 0 | |
| 2023-09-30 | 4758 | US$8395.8亿 | 0 | |
| 2023-06-30 | 4753 | US$8509.9亿 | 0 | |
| 2023-03-31 | 4803 | US$7700.8亿 | 0 | |
| 2022-12-31 | 4898 | US$7125.7亿 | 0 | |
| 2022-09-30 | 5029 | US$6592.5亿 | 0 | |
| 2022-06-30 | 5015 | US$6826.4亿 | 0 | |
| 2022-03-31 | 4976 | US$8011.2亿 | 0 | |
| 2021-12-31 | 4976 | US$8302.6亿 | 0 | |
| 2021-09-30 | 4859 | US$7428.2亿 | 0 | |
| 2021-06-30 | 4716 | US$7258.0亿 | 95 | |
| 2021-03-31 | 4449 | US$6538.0亿 | 13 | |
| 2020-12-31 | 5274 | US$5958.0亿 | 18 | |
| 2020-09-30 | 5215 | US$5103.6亿 | 14 | |
| 2020-06-30 | 5253 | US$4674.4亿 | 23 | |
| 2020-03-31 | 5346 | US$3837.0亿 | 25 | |
| 2019-12-31 | 5225 | US$4784.7亿 | 14 | |
| 2019-09-30 | 5261 | US$4285.0亿 | 11 | |
| 2019-06-30 | 5165 | US$4132.6亿 | 12 | |
| 2019-03-31 | 4943 | US$3859.6亿 | 20 | |
| 2018-12-31 | 5113 | US$3234.7亿 | 16 | |
| 2018-09-30 | 4924 | US$3548.8亿 | 13 | |
| 2018-06-30 | 4837 | US$3252.9亿 | 13 | |
| 2018-03-31 | 4904 | US$3069.3亿 | 11 | |
| 2017-12-31 | 4803 | US$2944.7亿 | 13 | |
| 2017-09-30 | 4735 | US$2709.2亿 | 12 | |
| 2017-06-30 | 4742 | US$2543.1亿 | 10 | |
| 2017-03-31 | 4779 | US$2437.8亿 | 16 | |
| 2016-12-31 | 4690 | US$2150.4亿 | 13 | |
| 2016-09-30 | 4718 | US$1985.8亿 | 12 | |
| 2016-06-30 | 4857 | US$1838.7亿 | 14 | |
| 2016-03-31 | 4864 | US$1884.4亿 | 16 | |
| 2015-12-31 | 5025 | US$1754.7亿 | 15 | |
| 2015-09-30 | 5075 | US$1648.8亿 | 15 | |
| 2015-06-30 | 4905 | US$1751.7亿 | 9 | |
| 2015-03-31 | 4789 | US$1749.6亿 | 12 | |
| 2014-12-31 | 4872 | US$1680.8亿 | 14 | |
| 2014-09-30 | 4707 | US$1542.7亿 | 9 | |
| 2014-06-30 | 4616 | US$1546.7亿 | 10 | |
| 2014-03-31 | 4507 | US$1490.8亿 | 9 | |
| 2013-12-31 | 4473 | US$1442.4亿 | 16 | |
| 2013-09-30 | 4129 | US$1247.2亿 | 12 | |
| 2013-06-30 | 4114 | US$1137.4亿 | 0 |
本季持股变动
Geode Capital Management, LLC 在 2026-03-31 最显著的持仓异动： 加仓: Microsoft CORP (MSFT) — 股数 +3.22%; 减仓: Exxon Mobil CORP (XOM) — 股数 -0.46%; 加仓: Nvidia CORP (NVDA) — 股数 +2.13%; 加仓: Tesla INC (TSLA) — 股数 +3.50%; 加仓: Meta Platforms Inc-class A (META) — 股数 +2.57%.
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | +0.3% | -0.46% | 减仓 |
| 2 | AMAT | Applied Materials INC | +0.2% | +17.80% | 加仓 |
| 3 | JNJ | Johnson & Johnson | +0.2% | +2.09% | 加仓 |
| 4 | CVX | Chevron CORP | +0.2% | +0.15% | 加仓 |
| 5 | CAT | Caterpillar INC | +0.1% | +4.88% | 加仓 |
| 6 | SNDK | Sandisk CORP | +0.1% | +15.23% | 加仓 |
| 7 | MU | Micron Technology INC | +0.1% | +5.52% | 加仓 |
| 8 | LRCX | Lam Research CORP | +0.1% | +4.23% | 加仓 |
| 9 | COST | Costco Wholesale CORP | +0.1% | +2.61% | 加仓 |
| 10 | WMT | Walmart INC | +0.1% | +2.76% | 加仓 |
| 11 | VRT | Vertiv Holdings Co-a | +0.1% | +53.98% | 加仓 |
| 12 | GEV | GE Vernova INC | +0.1% | +2.17% | 加仓 |
| 13 | KLAC | Kla CORP | +0.1% | +4.63% | 加仓 |
| 14 | COP | Conocophillips | +0.1% | +2.38% | 加仓 |
| 15 | VZ | Verizon Communications INC | +0.1% | +3.48% | 加仓 |
| 16 | INTC | Intel CORP | +0.1% | +7.46% | 加仓 |
| 17 | GLW | Corning INC | +0.1% | +2.71% | 加仓 |
| 18 | LIN | Linde plc | +0.1% | +4.22% | 加仓 |
| 19 | LITE | Lumentum Holdings INC | +0.1% | +50.65% | 加仓 |
| 20 | WDC | Western Digital CORP | +0.1% | +2.10% | 加仓 |
| 21 | CIEN | Ciena CORP | +0.1% | +51.28% | 加仓 |
| 22 | RTX | Rtx CORP | +0.1% | +9.66% | 加仓 |
| 23 | MRK | Merck & Co. INC. | +0.1% | -0.82% | 减仓 |
| 24 | WFC | Wells Fargo & Co | -0.1% | +2.02% | 加仓 |
| 25 | ACN | Accenture plc | -0.1% | +6.10% | 加仓 |
| 26 | QCOM | Qualcomm INC | -0.1% | +2.90% | 加仓 |
| 27 | IBM | Intl Business Machines CORP | -0.1% | +2.08% | 加仓 |
| 28 | NOW | Servicenow INC | -0.1% | +3.88% | 加仓 |
| 29 | UNH | Unitedhealth Group INC | -0.1% | +4.48% | 加仓 |
| 30 | BSX | Boston Scientific CORP | -0.1% | +2.79% | 加仓 |
| 31 | HOOD | Robinhood Markets INC - A | -0.1% | +1.57% | 加仓 |
| 32 | JPM | Jpmorgan Chase & Co | -0.1% | +2.09% | 加仓 |
| 33 | ADBE | Adobe INC | -0.1% | +1.69% | 加仓 |
| 34 | PLTR | Palantir Technologies Inc-a | -0.1% | +3.08% | 加仓 |
| 35 | MA | Mastercard INC - A | -0.1% | +1.86% | 加仓 |
| 36 | CRM | Salesforce INC | -0.1% | +2.03% | 加仓 |
| 37 | INTU | Intuit INC | -0.1% | +2.69% | 加仓 |
| 38 | GOOG | Alphabet Inc-cl C | -0.1% | +3.27% | 加仓 |
| 39 | ORCL | Oracle CORP | -0.1% | +3.22% | 加仓 |
| 40 | GOOGL | Alphabet Inc-cl A | -0.1% | +3.90% | 加仓 |
| 41 | V | Visa Inc-class A Shares | -0.1% | +1.91% | 加仓 |
| 42 | APP | Applovin Corp-class A | -0.1% | +1.69% | 加仓 |
| 43 | LLY | Eli Lilly & Co | -0.2% | +1.93% | 加仓 |
| 44 | AMZN | Amazon.com INC | -0.2% | +3.60% | 加仓 |
| 45 | AVGO | Broadcom INC | -0.2% | +2.70% | 加仓 |
| 46 | AAPL | Apple INC | -0.2% | +2.96% | 加仓 |
| 47 | META | Meta Platforms Inc-class A | -0.2% | +2.57% | 加仓 |
| 48 | NVDA | Nvidia CORP | -0.3% | +2.13% | 加仓 |
| 49 | TSLA | Tesla INC | -0.3% | +3.50% | 加仓 |
| 50 | MSFT | Microsoft CORP | -1.1% | +3.22% | 加仓 |
FAQ
Geode Capital Management, LLC 是什么机构？属于哪种投资人类型？
Geode Capital Management, LLC 是一家投资管理机构，每季依规定向 SEC 申报 Form 13F，披露其在美国上市股票的持仓信息。根据最新一期申报（2026-03-31），该机构追踪的股票投资组合估值约为 US$1.6万亿，分布在 8577 个已申报仓位之中。
Geode Capital Management, LLC 目前前几大持股有哪些？
根据最新 13F 申报，Geode Capital Management, LLC 按市值排列的前几大持股为：
1. Nvidia CORP (NVDA) — US$1045.6亿 (6.5%)
2. Apple INC (AAPL) — US$933.0亿 (5.8%)
3. Microsoft CORP (MSFT) — US$696.0亿 (4.3%)
4. Amazon.com INC (AMZN) — US$484.2亿 (3.0%)
5. Alphabet Inc-cl A (GOOGL) — US$435.5亿 (2.7%)
Geode Capital Management, LLC 在最新一期 13F 申报中做了哪些操作？
在最新申报季度中，Geode Capital Management, LLC 共进行了 50 项显著调整：新建仓 0 个仓位、加仓 48 个既有持股、减仓 2 个仓位，并完全清仓 0 个持股。 其中幅度最大的异动：加仓: Microsoft CORP (MSFT) — 股数 +3.22%; 减仓: Exxon Mobil CORP (XOM) — 股数 -0.46%; 加仓: Nvidia CORP (NVDA) — 股数 +2.13%; 加仓: Tesla INC (TSLA) — 股数 +3.50%; 加仓: Meta Platforms Inc-class A (META) — 股数 +2.57%
Geode Capital Management, LLC 主要集中投资哪些行业板块？
根据目前已申报的股票投资组合，Geode Capital Management, LLC 的主要板块分布如下：
• Information Technology: 31.9%
• Financials: 12.7%
• Consumer Discretionary: 10.1%
• Communication Services: 9.6%
• Industrials: 9.5%
• Health Care: 9.5%
同行推荐
资产规模相近的机构
JC
Jpmorgan Chase & Co
CIK 0000019617
申报总市值
US$1.6万亿
33,063 stks
2026-03-31
集中度3.5
持仓稳定性25.6
行业集中度47.2
资产规模与本机构相差仅 3.1%
查看详情
MS
Morgan Stanley
CIK 0000895421
申报总市值
US$1.7万亿
45,985 stks
2026-03-31
集中度2.8
持仓稳定性15.9
行业集中度59.4
资产规模与本机构相差仅 3.3%
查看详情
BO
Bank Of America CORP /de/
CIK 0000070858
申报总市值
US$1.4万亿
17,872 stks
2026-03-31
集中度2.3
持仓稳定性15.9
行业集中度56.0
资产规模与本机构相差仅 14.9%
查看详情
风格推荐
持仓风格相似的机构
AD
Adams Diversified Equity Fund, INC.
CIK 0000002230
申报总市值
US$28.4亿
99 stks
2026-03-31
集中度10.3
持仓稳定性36.4
行业集中度68.6
前五大持仓重叠 5/5 档，同样重仓 Nvidia CORP
查看详情
FR
Franklin Resources INC
CIK 0000038777
申报总市值
US$4083.0亿
14,782 stks
2026-03-31
集中度3.7
持仓稳定性24.2
行业集中度39.7
前五大持仓重叠 5/5 档，同样重仓 Nvidia CORP
查看详情
NT
Northern Trust CORP
CIK 0000073124
申报总市值
US$7565.8亿
19,864 stks
2026-03-31
集中度4.9
持仓稳定性14.1
行业集中度48.4
前五大持仓重叠 5/5 档，同样重仓 Nvidia CORP
查看详情