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 |
Microsoft
MSFT
|
+$1.09B |
| 2 |
Apple
AAPL
|
+$871M |
| 3 |
Uber
UBER
|
+$867M |
| 4 |
NVIDIA
NVDA
|
+$687M |
| 5 |
Amazon
AMZN
|
+$649M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$1.52B |
| 2 |
Danaher
DHR
|
+$540M |
| 3 |
VMW
VMware, Inc
VMW
|
+$474M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$450M |
| 5 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$388M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.83% |
| 2 | Financials | 12.77% |
| 3 | Healthcare | 12.47% |
| 4 | Consumer Discretionary | 11% |
| 5 | Industrials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
Peoples Financial Services
PFIS
$704M
| $7.04M | ﹤0.01% |
144,532
+2,450
| +2% | +$105K |
|
2527
AngioDynamics
ANGO
$627M
| $7.03M | ﹤0.01% |
896,808
+49,508
| +6% | +$343K |
|
2528
Johnson Outdoors
JOUT
$502M
| $7.03M | ﹤0.01% |
131,545
+6,281
| +5% | +$322K |
|
|
PSTL
2529
Postal Realty Trust
PSTL
$698M
| $6.99M | ﹤0.01% |
480,065
+41,583
| +9% | +$580K |
|
2530
Biomea Fusion
BMEA
$86.8M
| $6.98M | ﹤0.01% |
480,322
+27,081
| +6% | +$329K |
|
2531
Fate Therapeutics
FATE
$291M
| $6.97M | ﹤0.01% |
1,863,485
+88,141
| +5% | +$208K |
|
2532
Oil-Dri
ODC
$1.41B
| $6.97M | ﹤0.01% |
207,742
+10,352
| +5% | +$314K |
|
2533
Organogenesis Holdings
ORGO
$301M
| $6.94M | ﹤0.01% |
1,696,868
+64,806
| +4% | +$181K |
|
2534
Ascendis Pharma A/S
ASND
$16B
| $6.94M | ﹤0.01% |
55,090
+535
| +1% | +$53.3K |
|
2535
Entrada Therapeutics
TRDA
$282M
| $6.93M | ﹤0.01% |
459,381
+20,800
| +5% | +$308K |
|
2536
Coherus Oncology
CHRS
$222M
| $6.93M | ﹤0.01% |
2,081,601
+136,634
| +7% | +$366K |
|
2537
Financial Institutions
FISI
$838M
| $6.93M | ﹤0.01% |
325,359
+12,505
| +4% | +$223K |
|
2538
West Bancorporation
WTBA
$481M
| $6.89M | ﹤0.01% |
324,740
+8,667
| +3% | +$155K |
|
2539
Target Hospitality
TH
$1.57B
| $6.83M | ﹤0.01% |
701,741
+33,919
| +5% | +$420K |
|
2540
Spok Holdings
SPOK
$232M
| $6.82M | ﹤0.01% |
440,671
+23,446
| +6% | +$361K |
|
|
BBUC
2541
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.42B
| $6.82M | ﹤0.01% |
292,786
+17,739
| +6% | +$318K |
|
2542
Xeris Biopharma Holdings
XERS
$1.4B
| $6.8M | ﹤0.01% |
2,892,077
+118,784
| +4% | +$219K |
|
2543
Ivanhoe Electric
IE
$1.54B
| $6.79M | ﹤0.01% |
674,097
+114,088
| +20% | +$1.21M |
|
|
GPMT
2544
Granite Point Mortgage Trust
GPMT
$69.5M
| $6.79M | ﹤0.01% |
1,143,712
+81,666
| +8% | +$411K |
|
2545
Birkenstock
BIRK
$7.15B
| $6.78M | ﹤0.01% |
+139,184
| New | +$6.03M |
|
2546
Northrim BanCorp
NRIM
$606M
| $6.78M | ﹤0.01% |
474,144
+11,616
| +3% | +$137K |
|
2547
Cooper-Standard Automotive
CPS
$538M
| $6.77M | ﹤0.01% |
346,611
+15,695
| +5% | +$250K |
|
2548
Westrock Coffee
WEST
$807M
| $6.76M | ﹤0.01% |
662,016
+31,520
| +5% | +$282K |
|
2549
Cipher Digital
CIFR
$8.34B
| $6.75M | ﹤0.01% |
1,634,704
+171,594
| +12% | +$523K |
|
|
EBTC
2550
DELISTED
Enterprise Bancorp
EBTC
| $6.74M | ﹤0.01% |
209,058
+11,915
| +6% | +$335K |
|
Similar funds
Geode Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Geode Capital Management held 4,831 positions worth $956B, up 14% from $840B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Geode Capital Management's Q4 2023 filing shows 71 new, 3,576 increased, 304 reduced and 178 closed positions. Its largest new stake was NCR Atleos: 993,462 shares worth $24.2M. The largest sale was Activision Blizzard, an estimated $1.52B.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2023 buy was NCR Atleos: 993,462 shares worth $24.2M.
- Geode Capital Management added most to Microsoft in Q4 2023, an estimated $1.09B increase.
- Geode Capital Management's biggest Q4 2023 reduction was Danaher, cutting an estimated $540M.
- Geode Capital Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.52B.
- Geode Capital Management's ten largest holdings make up 26% of its $956B portfolio in Q4 2023.
- Geode Capital Management opened 71 new positions and closed 178 in Q4 2023.
- Geode Capital Management's portfolio value rose 14% quarter-over-quarter to $956B.
Based on Geode Capital Management's 13F filing for Q4 2023, filed 13 Feb 2024.