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 | |
|---|---|---|---|---|---|---|
2701
Vuzix
VUZI
$213M
| $4.48M | ﹤0.01% |
1,233,254
-35,685
| -3% | -$158K |
|
2702
Liberty Latin America Class A
LILA
$1.69B
| $4.46M | ﹤0.01% |
804,787
-119,529
| -13% | -$693K |
|
2703
CarParts.com
PRTS
$45.9M
| $4.46M | ﹤0.01% |
108,192
+5,438
| +5% | +$241K |
|
2704
Ezcorp Inc
EZPW
$1.83B
| $4.45M | ﹤0.01% |
539,863
+1,119
| +0.2% | +$9.61K |
|
2705
Cooper-Standard Automotive
CPS
$553M
| $4.44M | ﹤0.01% |
330,916
+14,273
| +5% | +$226K |
|
2706
Immersion
IMMR
$255M
| $4.44M | ﹤0.01% |
671,612
+12,628
| +2% | +$88K |
|
2707
First Bancorp
FNLC
$399M
| $4.41M | ﹤0.01% |
187,788
+6,120
| +3% | +$154K |
|
2708
Clover Health Investments
CLOV
$2.18B
| $4.4M | ﹤0.01% |
4,069,906
+420,083
| +12% | +$500K |
|
2709
Evolution Petroleum
EPM
$125M
| $4.39M | ﹤0.01% |
641,554
+13,883
| +2% | +$117K |
|
2710
Methanex
MEOH
$4.02B
| $4.38M | ﹤0.01% |
97,154
+1,060
| +1% | +$45.4K |
|
2711
Waterstone Financial
WSBF
$378M
| $4.36M | ﹤0.01% |
398,233
+4,752
| +1% | +$62.3K |
|
|
VRN
2712
DELISTED
Veren
VRN
| $4.35M | ﹤0.01% |
441,120
-192,634
| -30% | -$1.54M |
|
2713
Hooker Furnishings Corp
HOFT
$159M
| $4.34M | ﹤0.01% |
223,354
+7,232
| +3% | +$148K |
|
|
FRGE
2714
DELISTED
Forge Global Holdings
FRGE
| $4.34M | ﹤0.01% |
142,542
+9,488
| +7% | +$348K |
|
2715
Orrstown Financial Services
ORRF
$851M
| $4.34M | ﹤0.01% |
206,477
+4,905
| +2% | +$107K |
|
2716
Tyra Biosciences
TYRA
$1.53B
| $4.33M | ﹤0.01% |
314,478
+24,480
| +8% | +$363K |
|
2717
Red River Bancshares
RRBI
$665M
| $4.32M | ﹤0.01% |
94,090
+2,528
| +3% | +$123K |
|
2718
American Express Global Business Travel
GBTG
$4.93B
| $4.32M | ﹤0.01% |
784,832
+296,763
| +61% | +$1.91M |
|
2719
Pangaea Logistics
PANL
$474M
| $4.31M | ﹤0.01% |
732,680
+21,230
| +3% | +$132K |
|
2720
BayCom
BCML
$335M
| $4.31M | ﹤0.01% |
224,244
+1,737
| +0.8% | +$32.9K |
|
2721
Frontier Group Holdings
ULCC
$1.83B
| $4.3M | ﹤0.01% |
888,084
-1,497
| -0.2% | -$11.2K |
|
2722
Third Coast Bancshares
TCBX
$737M
| $4.29M | ﹤0.01% |
250,695
+2,688
| +1% | +$50.2K |
|
2723
EyePoint Inc
EYPT
$1.03B
| $4.28M | ﹤0.01% |
535,575
+32,903
| +7% | +$361K |
|
2724
Universal Logistics Holdings
ULH
$485M
| $4.28M | ﹤0.01% |
169,763
+3,059
| +2% | +$87.5K |
|
2725
RUM Group Inc
RUM
$1.71B
| $4.26M | ﹤0.01% |
834,520
-82,359
| -9% | -$615K |
|
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.