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 | |
|---|---|---|---|---|---|---|
2751
TeraWulf
WULF
$8.95B
| $4.04M | ﹤0.01% |
3,203,209
+976,927
| +44% | +$2.32M |
|
2752
National CineMedia
NCMI
$384M
| $4.04M | ﹤0.01% |
898,484
+891,457
| +12,686% | +$3.53M |
|
2753
Bridgewater Bancshares
BWB
$588M
| $4.02M | ﹤0.01% |
423,638
+8,949
| +2% | +$92.3K |
|
2754
Citizens Financial Services
CZFS
$395M
| $4.01M | ﹤0.01% |
85,294
-2,817
| -3% | -$166K |
|
2755
FS Bancorp
FSBW
$323M
| $4M | ﹤0.01% |
135,622
+4,725
| +4% | +$145K |
|
2756
CorMedix
CRMD
$581M
| $4M | ﹤0.01% |
1,080,270
+229,206
| +27% | +$911K |
|
2757
Waldencast
WALD
$190M
| $3.99M | ﹤0.01% |
423,191
+212,709
| +101% | +$1.51M |
|
2758
Nathan's Famous
NATH
$405M
| $3.98M | ﹤0.01% |
56,291
+621
| +1% | +$46.8K |
|
2759
Vodafone
VOD
$35.4B
| $3.97M | ﹤0.01% |
418,863
-43,497
| -9% | -$412K |
|
|
TERN
2760
DELISTED
Terns Pharmaceuticals
TERN
| $3.96M | ﹤0.01% |
788,115
+604
| +0.1% | +$3.83K |
|
|
LUNA
2761
DELISTED
Luna Innovations Incorporated
LUNA
| $3.96M | ﹤0.01% |
675,197
+12,252
| +2% | +$92.8K |
|
2762
RBB Bancorp
RBB
$456M
| $3.96M | ﹤0.01% |
309,600
+6,586
| +2% | +$89.6K |
|
2763
Douglas Elliman
DOUG
$159M
| $3.95M | ﹤0.01% |
1,749,269
+95,265
| +6% | +$219K |
|
2764
Eve Holding
EVEX
$926M
| $3.93M | ﹤0.01% |
474,371
+300,984
| +174% | +$2.61M |
|
|
ITIC
2765
Investors Title Co
ITIC
$546M
| $3.93M | ﹤0.01% |
26,555
+415
| +2% | +$62.4K |
|
2766
Mercer International
MERC
$45.3M
| $3.93M | ﹤0.01% |
457,903
+21,830
| +5% | +$188K |
|
2767
Janux Therapeutics
JANX
$976M
| $3.9M | ﹤0.01% |
386,804
+9,579
| +3% | +$110K |
|
2768
Nuvation Bio
NUVB
$2.22B
| $3.89M | ﹤0.01% |
2,900,122
+169,412
| +6% | +$282K |
|
2769
FVCBankcorp
FVCB
$342M
| $3.88M | ﹤0.01% |
302,885
+6,346
| +2% | +$75.9K |
|
|
YMAB
2770
DELISTED
Y-mAbs Therapeutics
YMAB
| $3.87M | ﹤0.01% |
710,833
-831
| -0.1% | -$4.84K |
|
|
PBPB
2771
DELISTED
Potbelly
PBPB
| $3.86M | ﹤0.01% |
494,985
+23,338
| +5% | +$199K |
|
|
GBIO
2772
DELISTED
Generation Bio
GBIO
| $3.84M | ﹤0.01% |
101,177
+707
| +0.7% | +$33.5K |
|
2773
Future Fuel
FF
$217M
| $3.83M | ﹤0.01% |
534,770
+31,508
| +6% | +$258K |
|
2774
Rigel Pharmaceuticals
RIGL
$749M
| $3.83M | ﹤0.01% |
354,710
+14,005
| +4% | +$169K |
|
2775
LendingTree
TREE
$475M
| $3.83M | ﹤0.01% |
246,805
+14,370
| +6% | +$291K |
|
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.