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 | |
|---|---|---|---|---|---|---|
3001
Rimini Street
RMNI
$459M
| $2.46M | ﹤0.01% |
1,117,132
+22,113
| +2% | +$67.2K |
|
3002
Willis Lease Finance
WLFC
$1.69B
| $2.46M | ﹤0.01% |
174,279
+13,839
| +9% | +$195K |
|
3003
EVI Industries
EVI
$182M
| $2.45M | ﹤0.01% |
98,623
+5,104
| +5% | +$129K |
|
|
IGMS
3004
DELISTED
IGM Biosciences
IGMS
| $2.44M | ﹤0.01% |
292,532
+72,115
| +33% | +$612K |
|
|
LSEA
3005
DELISTED
Landsea Homes
LSEA
| $2.44M | ﹤0.01% |
271,614
+11,983
| +5% | +$120K |
|
3006
Larimar Therapeutics
LRMR
$427M
| $2.43M | ﹤0.01% |
616,306
+79,746
| +15% | +$302K |
|
3007
Bakkt Inc
BKKT
$338M
| $2.43M | ﹤0.01% |
82,918
+6,048
| +8% | +$214K |
|
3008
Latham Group
SWIM
$669M
| $2.42M | ﹤0.01% |
862,672
-12,346
| -1% | -$44.7K |
|
3009
Indivior Pharmaceuticals
INDV
$4.31B
| $2.41M | ﹤0.01% |
106,895
+2,291
| +2% | +$52.2K |
|
3010
First Community Corp
FCCO
$323M
| $2.41M | ﹤0.01% |
139,598
+5,822
| +4% | +$104K |
|
3011
DHI Group
DHX
$179M
| $2.41M | ﹤0.01% |
786,944
-2,448
| -0.3% | -$8.73K |
|
|
AY
3012
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $2.41M | ﹤0.01% |
126,056
-1,239
| -1% | -$28.1K |
|
3013
Biglari Holdings Class B
BH
$1.23B
| $2.4M | ﹤0.01% |
14,458
+847
| +6% | +$159K |
|
3014
Ardagh Metal Packaging
AMBP
$2.96B
| $2.39M | ﹤0.01% |
764,811
+16,615
| +2% | +$58.4K |
|
|
GATO
3015
DELISTED
Gatos Silver, Inc.
GATO
| $2.38M | ﹤0.01% |
460,030
+1,595
| +0.3% | +$7.66K |
|
3016
Mayville Engineering Co
MEC
$707M
| $2.38M | ﹤0.01% |
217,061
+15,221
| +8% | +$176K |
|
3017
Fulcrum Therapeutics
FULC
$290M
| $2.37M | ﹤0.01% |
534,503
-31,306
| -6% | -$137K |
|
3018
MakeMyTrip
MMYT
$5.95B
| $2.37M | ﹤0.01% |
58,545
-273
| -0.5% | -$9.47K |
|
|
ESSA
3019
DELISTED
ESSA Bancorp
ESSA
| $2.37M | ﹤0.01% |
157,684
+3,440
| +2% | +$54.7K |
|
3020
BlackSky Technology
BKSY
$1.04B
| $2.35M | ﹤0.01% |
251,245
+6,605
| +3% | +$84K |
|
|
ERF
3021
DELISTED
Enerplus Corporation
ERF
| $2.34M | ﹤0.01% |
119,870
+5,511
| +5% | +$91.2K |
|
3022
Safe Bulkers
SB
$789M
| $2.33M | ﹤0.01% |
719,887
+21,968
| +3% | +$70.9K |
|
3023
Stoke Therapeutics
STOK
$1.97B
| $2.33M | ﹤0.01% |
591,117
-8,663
| -1% | -$57K |
|
|
PLGO
3024
Pelagos Insurance Capital
PLGO
$2.14B
| $2.32M | ﹤0.01% |
+158,057
| New | +$2.22M |
|
3025
Lexicon Pharmaceuticals
LXRX
$1.11B
| $2.32M | ﹤0.01% |
2,126,137
+285,700
| +16% | +$501K |
|
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.