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
|
+$1.02B |
| 2 |
Apple
AAPL
|
+$837M |
| 3 |
Amazon
AMZN
|
+$811M |
| 4 |
Kenvue
KVUE
|
+$761M |
| 5 |
Blackstone
BX
|
+$581M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$438M |
| 2 |
Texas Instruments
TXN
|
+$235M |
| 3 |
Pfizer
PFE
|
+$205M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$202M |
| 5 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$145M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.7% |
| 2 | Healthcare | 13.07% |
| 3 | Financials | 12.46% |
| 4 | Consumer Discretionary | 10.84% |
| 5 | Industrials | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2676
Clarus
CLAR
$129M
| $4.64M | ﹤0.01% |
613,486
+15,535
| +3% | +$124K |
|
|
MAXN
2677
DELISTED
Maxeon Solar Technologies
MAXN
| $4.64M | ﹤0.01% |
4,000
+654
| +20% | +$1.24M |
|
2678
Rayonier Advanced Materials
RYAM
$652M
| $4.62M | ﹤0.01% |
1,303,635
+60,271
| +5% | +$226K |
|
2679
Ovid Therapeutics
OVID
$489M
| $4.61M | ﹤0.01% |
1,200,777
-12,308
| -1% | -$44.2K |
|
2680
Nerdy
NRDY
$105M
| $4.61M | ﹤0.01% |
1,244,638
+101,655
| +9% | +$441K |
|
2681
Regional Management Corp
RM
$300M
| $4.59M | ﹤0.01% |
165,880
+6,725
| +4% | +$200K |
|
2682
PetMed Express
PETS
$42.1M
| $4.59M | ﹤0.01% |
447,900
-10,103
| -2% | -$125K |
|
2683
Ranpak Holdings
PACK
$472M
| $4.59M | ﹤0.01% |
843,559
+43,970
| +5% | +$241K |
|
2684
Northrim BanCorp
NRIM
$600M
| $4.58M | ﹤0.01% |
462,528
+24,024
| +5% | +$258K |
|
2685
Enanta Pharmaceuticals
ENTA
$384M
| $4.58M | ﹤0.01% |
409,700
+5,897
| +1% | +$95K |
|
2686
First Business Financial Services
FBIZ
$601M
| $4.57M | ﹤0.01% |
152,280
+9,211
| +6% | +$291K |
|
2687
John Marshall Bancorp
JMSB
$335M
| $4.57M | ﹤0.01% |
255,880
+16,960
| +7% | +$319K |
|
2688
Forum Energy Technologies
FET
$849M
| $4.56M | ﹤0.01% |
189,838
+7,857
| +4% | +$196K |
|
|
BRT
2689
BRT Apartments
BRT
$267M
| $4.55M | ﹤0.01% |
263,698
+16,937
| +7% | +$320K |
|
2690
Greif Class B
GEF.B
$4.23B
| $4.55M | ﹤0.01% |
68,277
-2,240
| -3% | -$167K |
|
2691
Energy Vault
NRGV
$546M
| $4.54M | ﹤0.01% |
1,778,540
+117,267
| +7% | +$351K |
|
2692
Home Bancorp
HBCP
$567M
| $4.53M | ﹤0.01% |
142,073
+1,230
| +0.9% | +$41.4K |
|
2693
Farmers & Merchants Bancorp
FMAO
$470M
| $4.51M | ﹤0.01% |
257,484
+1,403
| +0.5% | +$28.5K |
|
2694
Lincoln Educational Services
LINC
$1.36B
| $4.51M | ﹤0.01% |
534,079
+20,411
| +4% | +$161K |
|
2695
First Bank
FRBA
$468M
| $4.51M | ﹤0.01% |
418,239
+119,740
| +40% | +$1.39M |
|
2696
Nature's Sunshine
NATR
$353M
| $4.5M | ﹤0.01% |
271,477
+11,165
| +4% | +$170K |
|
2697
Red Violet
RDVT
$963M
| $4.5M | ﹤0.01% |
224,635
+6,747
| +3% | +$140K |
|
|
NVEI
2698
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $4.49M | ﹤0.01% |
299,338
+41,515
| +16% | +$962K |
|
2699
Concrete Pumping Holdings
BBCP
$491M
| $4.48M | ﹤0.01% |
522,172
+28,443
| +6% | +$229K |
|
|
DSKE
2700
DELISTED
Daseke, Inc. Common Stock
DSKE
| $4.48M | ﹤0.01% |
873,245
+8,508
| +1% | +$51.4K |
|
Similar funds
Geode Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Geode Capital Management held 4,905 positions worth $840B, down 1.3% from $851B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Geode Capital Management's Q3 2023 filing shows 147 new, 3,717 increased, 626 reduced and 142 closed positions. Its largest new stake was Kenvue: 32,873,626 shares worth $659M. The largest sale was Johnson & Johnson, an estimated $438M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 28% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2023 buy was Kenvue: 32,873,626 shares worth $659M.
- Geode Capital Management added most to Microsoft in Q3 2023, an estimated $1.02B increase.
- Geode Capital Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $438M.
- Geode Capital Management fully exited Life Storage, Inc. in Q3 2023, selling an estimated $202M.
- Geode Capital Management's ten largest holdings make up 26% of its $840B portfolio in Q3 2023.
- Geode Capital Management opened 147 new positions and closed 142 in Q3 2023.
- Geode Capital Management's portfolio value fell 1.3% quarter-over-quarter to $840B.
Based on Geode Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.