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 | |
|---|---|---|---|---|---|---|
|
ESSA
2876
DELISTED
ESSA Bancorp
ESSA
| $3.5M | ﹤0.01% |
174,877
+17,193
| +11% | +$287K |
|
|
NVTA
2877
DELISTED
Invitae Corporation
NVTA
| $3.49M | ﹤0.01% |
5,574,850
+450,651
| +9% | +$270K |
|
2878
Richardson Electronics
RELL
$314M
| $3.49M | ﹤0.01% |
261,329
+12,241
| +5% | +$146K |
|
|
MACK
2879
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $3.49M | ﹤0.01% |
259,946
+8,361
| +3% | +$106K |
|
2880
Karat Packaging
KRT
$820M
| $3.48M | ﹤0.01% |
140,058
+19,208
| +16% | +$423K |
|
2881
Acacia Research
ACTG
$445M
| $3.47M | ﹤0.01% |
883,900
+17,253
| +2% | +$63.8K |
|
2882
Gyre Therapeutics
GYRE
$686M
| $3.45M | ﹤0.01% |
134,425
+117,175
| +679% | +$1.66M |
|
2883
Virginia National Bankshares
VABK
$258M
| $3.45M | ﹤0.01% |
100,257
+7,443
| +8% | +$244K |
|
2884
Atomera
ATOM
$219M
| $3.44M | ﹤0.01% |
491,307
+25,250
| +5% | +$168K |
|
2885
Immunome
IMNM
$2.84B
| $3.43M | ﹤0.01% |
320,838
+236,130
| +279% | +$1.96M |
|
2886
Quad
QUAD
$544M
| $3.43M | ﹤0.01% |
633,167
+21,925
| +4% | +$107K |
|
2887
LCNB Corp
LCNB
$291M
| $3.43M | ﹤0.01% |
217,243
+5,653
| +3% | +$83.2K |
|
2888
RGC Resources
RGCO
$232M
| $3.42M | ﹤0.01% |
168,020
+6,219
| +4% | +$112K |
|
2889
Butterfly Network
BFLY
$2.35B
| $3.41M | ﹤0.01% |
3,161,658
+208,885
| +7% | +$207K |
|
2890
Future Fuel
FF
$216M
| $3.39M | ﹤0.01% |
557,054
+22,284
| +4% | +$142K |
|
2891
Gencor Industries
GENC
$214M
| $3.37M | ﹤0.01% |
209,012
+11,711
| +6% | +$173K |
|
|
SCPH
2892
DELISTED
scPharmaceuticals
SCPH
| $3.37M | ﹤0.01% |
537,748
+25,927
| +5% | +$148K |
|
|
TEAD
2893
Teads Holding Co
TEAD
$78.3M
| $3.36M | ﹤0.01% |
767,417
+19,442
| +3% | +$82.3K |
|
|
NVMI
2894
Nova
NVMI
$13.2B
| $3.35M | ﹤0.01% |
24,415
+560
| +2% | +$64.7K |
|
2895
Silvercrest Asset Management
SAMG
$79.9M
| $3.35M | ﹤0.01% |
196,908
+8,925
| +5% | +$147K |
|
2896
Mayville Engineering Co
MEC
$707M
| $3.34M | ﹤0.01% |
231,443
+14,382
| +7% | +$178K |
|
2897
Empire Petroleum
EP
$98.3M
| $3.33M | ﹤0.01% |
303,274
+20,805
| +7% | +$179K |
|
|
ESPR
2898
DELISTED
Esperion Therapeutics
ESPR
| $3.33M | ﹤0.01% |
1,112,246
+142,008
| +15% | +$184K |
|
2899
GrowGeneration
GRWG
$89.5M
| $3.33M | ﹤0.01% |
1,325,066
+57,832
| +5% | +$142K |
|
|
BHR
2900
Braemar Hotels & Resorts
BHR
$144M
| $3.32M | ﹤0.01% |
1,328,972
+60,685
| +5% | +$151K |
|
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.