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 | |
|---|---|---|---|---|---|---|
2951
BRC Inc
BRCC
$119M
| $2.75M | ﹤0.01% |
764,885
+29,603
| +4% | +$131K |
|
|
MRSN
2952
DELISTED
Mersana Therapeutics
MRSN
| $2.74M | ﹤0.01% |
86,307
+6,080
| +8% | +$289K |
|
2953
Traeger
COOK
$186M
| $2.74M | ﹤0.01% |
20,069
+1,718
| +9% | +$364K |
|
2954
Altimmune
ALT
$595M
| $2.74M | ﹤0.01% |
1,053,336
+83,475
| +9% | +$239K |
|
2955
Velocity Financial
VEL
$693M
| $2.72M | ﹤0.01% |
240,978
-23,683
| -9% | -$288K |
|
|
TIO
2956
DELISTED
Tingo Group, Inc. Common Stock
TIO
| $2.72M | ﹤0.01% |
2,656,502
+45,087
| +2% | +$56.9K |
|
2957
Richardson Electronics
RELL
$314M
| $2.72M | ﹤0.01% |
249,088
+13,528
| +6% | +$174K |
|
2958
Empire Petroleum
EP
$99.5M
| $2.72M | ﹤0.01% |
282,469
+89,431
| +46% | +$804K |
|
2959
Cato Corp
CATO
$67.9M
| $2.72M | ﹤0.01% |
354,830
+4,378
| +1% | +$34.9K |
|
|
SHCO
2960
DELISTED
Soho House & Co
SHCO
| $2.71M | ﹤0.01% |
391,449
+3,140
| +0.8% | +$20.2K |
|
2961
Camtek
CAMT
$7.1B
| $2.71M | ﹤0.01% |
43,519
+2,472
| +6% | +$122K |
|
2962
J. Jill
JILL
$285M
| $2.7M | ﹤0.01% |
91,357
+7,310
| +9% | +$171K |
|
2963
eGain
EGAN
$197M
| $2.7M | ﹤0.01% |
441,071
+16,560
| +4% | +$112K |
|
2964
Full House Resorts
FLL
$80.5M
| $2.69M | ﹤0.01% |
630,538
+15,219
| +2% | +$83.2K |
|
2965
Cibus
CBUS
$147M
| $2.69M | ﹤0.01% |
+147,455
| New | +$2.65M |
|
|
NVMI
2966
Nova
NVMI
$13.1B
| $2.68M | ﹤0.01% |
23,855
+12
| +0.1% | +$1.41K |
|
2967
TELA Bio
TELA
$41.5M
| $2.68M | ﹤0.01% |
335,145
+9,449
| +3% | +$87.8K |
|
2968
Dakota Gold
DC
$710M
| $2.68M | ﹤0.01% |
1,037,763
+51,221
| +5% | +$146K |
|
2969
First Western Financial
MYFW
$313M
| $2.68M | ﹤0.01% |
147,462
+4,008
| +3% | +$79.4K |
|
|
SMLR
2970
DELISTED
Semler Scientific
SMLR
| $2.67M | ﹤0.01% |
105,350
+3,014
| +3% | +$78.4K |
|
2971
OptimizeRx
OPRX
$128M
| $2.67M | ﹤0.01% |
343,096
+7,443
| +2% | +$81K |
|
|
EVBN
2972
DELISTED
Evans Bancorp Inc
EVBN
| $2.66M | ﹤0.01% |
99,407
+4,692
| +5% | +$130K |
|
|
VLD
2973
DELISTED
Velo3D, Inc.
VLD
| $2.66M | ﹤0.01% |
48,748
+7,434
| +18% | +$462K |
|
2974
TaskUs
TASK
$580M
| $2.66M | ﹤0.01% |
256,207
-8,180
| -3% | -$88K |
|
2975
Vermilion Energy
VET
$1.64B
| $2.65M | ﹤0.01% |
149,614
+5,957
| +4% | +$83.8K |
|
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.