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 | |
|---|---|---|---|---|---|---|
|
LBC
3126
DELISTED
Luther Burbank Corporation Common Stock
LBC
| $1.69M | ﹤0.01% |
200,849
-5,647
| -3% | -$52.4K |
|
3127
Caledonia Mining Corp
CMCL
$374M
| $1.69M | ﹤0.01% |
171,019
+8,989
| +6% | +$99.5K |
|
3128
Biote Corp
BTMD
$68.9M
| $1.68M | ﹤0.01% |
328,796
+21,745
| +7% | +$128K |
|
3129
Rallybio
RLYB
$84.7M
| $1.68M | ﹤0.01% |
62,282
+611
| +1% | +$26.5K |
|
3130
Nuvectis Pharma
NVCT
$634M
| $1.67M | ﹤0.01% |
129,663
+17,127
| +15% | +$248K |
|
3131
INNOVATE Corp
VATE
$106M
| $1.67M | ﹤0.01% |
103,017
+12,683
| +14% | +$212K |
|
3132
Angi Inc
ANGI
$251M
| $1.67M | ﹤0.01% |
84,193
+3,181
| +4% | +$91K |
|
3133
First Internet Bancorp
INBK
$252M
| $1.67M | ﹤0.01% |
102,723
+4,839
| +5% | +$91.3K |
|
3134
Everspin Technologies
MRAM
$408M
| $1.66M | ﹤0.01% |
169,052
+13,155
| +8% | +$127K |
|
3135
CPI Card Group
PMTS
$263M
| $1.66M | ﹤0.01% |
89,617
+699
| +0.8% | +$14.9K |
|
|
GAMB
3136
DELISTED
Gambling.com
GAMB
| $1.66M | ﹤0.01% |
126,749
+8,079
| +7% | +$102K |
|
3137
Beneficient
BENF
$44.6M
| $1.65M | ﹤0.01% |
+998
| New | +$1.57M |
|
3138
FTC Solar
FTCI
$49.3M
| $1.65M | ﹤0.01% |
128,664
+23,272
| +22% | +$563K |
|
|
VIGL
3139
DELISTED
Vigil Neuroscience
VIGL
| $1.65M | ﹤0.01% |
305,175
+20,332
| +7% | +$140K |
|
3140
SKYX Platforms
SKYX
$153M
| $1.65M | ﹤0.01% |
1,158,333
+174,726
| +18% | +$335K |
|
3141
LifeMD
LFMD
$189M
| $1.64M | ﹤0.01% |
262,728
+35,174
| +15% | +$152K |
|
|
TVRD
3142
Tvardi Therapeutics
TVRD
$19M
| $1.63M | ﹤0.01% |
27,024
+1,071
| +4% | +$100K |
|
|
CTG
3143
DELISTED
Computer Task Group, Inc.
CTG
| $1.63M | ﹤0.01% |
157,570
+24,823
| +19% | +$229K |
|
|
KYNB
3144
Kyntra Bio
KYNB
$28M
| $1.63M | ﹤0.01% |
75,398
+584
| +0.8% | +$22.9K |
|
3145
Verrica Pharmaceuticals
VRCA
$92.9M
| $1.62M | ﹤0.01% |
41,679
+2,828
| +7% | +$144K |
|
3146
Ouster
OUST
$3.22B
| $1.62M | ﹤0.01% |
321,191
+70,012
| +28% | +$388K |
|
3147
Enterprise Products Partners
EPD
$82.5B
| $1.62M | ﹤0.01% |
59,014
-1,797
| -3% | -$48.1K |
|
3148
Geospace Technologies
GEOS
$94.6M
| $1.61M | ﹤0.01% |
124,604
-428
| -0.3% | -$4.04K |
|
|
ZOM
3149
DELISTED
Zomedica Corp.
ZOM
| $1.61M | ﹤0.01% |
9,640,982
+308,492
| +3% | +$59.9K |
|
|
NSTG
3150
DELISTED
NanoString Technologies, Inc.
NSTG
| $1.61M | ﹤0.01% |
934,512
+36,802
| +4% | +$112K |
|
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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.