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 | |
|---|---|---|---|---|---|---|
|
THRD
3026
DELISTED
Third Harmonic Bio
THRD
| $2.31M | ﹤0.01% |
361,155
+44,480
| +14% | +$272K |
|
3027
Blend Labs
BLND
$482M
| $2.3M | ﹤0.01% |
1,677,877
+57,618
| +4% | +$70K |
|
|
GOEV
3028
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $2.29M | ﹤0.01% |
10,178
+1,403
| +16% | +$354K |
|
3029
Millicom
TIGO
$15.6B
| $2.28M | ﹤0.01% |
147,400
+11,473
| +8% | +$183K |
|
3030
ClearPoint Neuro
CLPT
$386M
| $2.27M | ﹤0.01% |
453,999
+26,192
| +6% | +$156K |
|
3031
Vitamin Cottage Natural Grocers
NGVC
$750M
| $2.26M | ﹤0.01% |
174,693
+3,245
| +2% | +$41.4K |
|
|
QIPT
3032
DELISTED
Quipt Home Medical
QIPT
| $2.24M | ﹤0.01% |
441,012
+38,209
| +9% | +$205K |
|
3033
Seer Inc
SEER
$122M
| $2.24M | ﹤0.01% |
1,015,153
+32,253
| +3% | +$112K |
|
|
TPIC
3034
DELISTED
TPI Composites
TPIC
| $2.24M | ﹤0.01% |
846,041
-28,108
| -3% | -$172K |
|
|
IMA
3035
ImageneBio Inc
IMA
$64.9M
| $2.24M | ﹤0.01% |
43,101
+4,168
| +11% | +$251K |
|
3036
Petrobras
PBR
$121B
| $2.24M | ﹤0.01% |
149,348
| – | – |
|
|
SKYT
3037
DELISTED
SkyWater Technology
SKYT
| $2.23M | ﹤0.01% |
370,984
+80,525
| +28% | +$611K |
|
|
ILPT
3038
Industrial Logistics Properties Trust
ILPT
$579M
| $2.23M | ﹤0.01% |
770,712
-25,972
| -3% | -$98.2K |
|
3039
Hagerty
HGTY
$1.19B
| $2.23M | ﹤0.01% |
272,548
-38,577
| -12% | -$338K |
|
3040
Tenaya Therapeutics
TNYA
$161M
| $2.23M | ﹤0.01% |
873,213
+53,641
| +7% | +$225K |
|
3041
Smartbird Inc
BIRD
$20M
| $2.22M | ﹤0.01% |
100,171
+2,815
| +3% | +$75.8K |
|
3042
Praxis Precision Medicines
PRAX
$8.64B
| $2.22M | ﹤0.01% |
86,546
+56,993
| +193% | +$1.08M |
|
3043
Global Water Resources
GWRS
$211M
| $2.22M | ﹤0.01% |
227,657
+955
| +0.4% | +$11.2K |
|
3044
Lands' End
LE
$395M
| $2.22M | ﹤0.01% |
297,045
+1,010
| +0.3% | +$8.59K |
|
|
CUTR
3045
DELISTED
Cutera, Inc.
CUTR
| $2.22M | ﹤0.01% |
368,088
+22,051
| +6% | +$280K |
|
3046
Algoma Steel
ASTL
$445M
| $2.21M | ﹤0.01% |
266,922
-22,546
| -8% | -$162K |
|
|
XOMA
3047
DELISTED
Xoma
XOMA
| $2.21M | ﹤0.01% |
156,731
+2,836
| +2% | +$44.5K |
|
3048
Sanara MedTech
SMTI
$313M
| $2.2M | ﹤0.01% |
70,743
+2,257
| +3% | +$87.4K |
|
3049
Standard BioTools
LAB
$321M
| $2.2M | ﹤0.01% |
757,814
+69,868
| +10% | +$183K |
|
3050
American Superconductor
AMSC
$1.62B
| $2.19M | ﹤0.01% |
289,363
+528
| +0.2% | +$4.38K |
|
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.