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 | |
|---|---|---|---|---|---|---|
301
HP
HPQ
$24.6B
| $503M | 0.06% |
19,613,578
+285,189
| +1% | +$8.75M |
|
302
Take-Two Interactive
TTWO
$46.3B
| $500M | 0.06% |
3,571,771
+54,182
| +2% | +$7.8M |
|
303
ResMed
RMD
$30.3B
| $500M | 0.06% |
3,388,143
+59,418
| +2% | +$10.7M |
|
304
Align Technology
ALGN
$12.4B
| $496M | 0.06% |
1,626,427
+31,844
| +2% | +$11M |
|
305
Dollar Tree
DLTR
$24.7B
| $495M | 0.06% |
4,660,210
+105,413
| +2% | +$14.1M |
|
306
Hewlett Packard
HPE
$62.4B
| $492M | 0.06% |
28,387,364
+583,161
| +2% | +$10M |
|
307
Hartford Financial Services
HIG
$39.2B
| $491M | 0.06% |
6,939,725
+404,247
| +6% | +$29.3M |
|
308
Monolithic Power Systems
MPWR
$64.7B
| $490M | 0.06% |
1,063,325
+65,252
| +7% | +$33.4M |
|
309
Illumina
ILMN
$31B
| $485M | 0.06% |
3,641,660
+71,301
| +2% | +$11.7M |
|
310
Veeva Systems
VEEV
$32.7B
| $483M | 0.06% |
2,376,912
+88,321
| +4% | +$17.8M |
|
311
Equifax
EFX
$20.7B
| $481M | 0.06% |
2,631,903
+51,177
| +2% | +$10.4M |
|
312
Equity Residential
EQR
$25.2B
| $481M | 0.06% |
8,205,727
+222,936
| +3% | +$14.4M |
|
313
Ferguson
FERG
$43.9B
| $480M | 0.06% |
2,921,317
+53,059
| +2% | +$8.38M |
|
314
VeriSign
VRSN
$25.9B
| $478M | 0.06% |
2,360,188
+63,773
| +3% | +$13.2M |
|
315
Cardinal Health
CAH
$53.2B
| $476M | 0.06% |
5,490,354
+61,916
| +1% | +$5.6M |
|
316
M&T Bank
MTB
$35.8B
| $475M | 0.06% |
3,764,644
+83,252
| +2% | +$10.9M |
|
|
DFS
317
DELISTED
Discover Financial Services
DFS
| $475M | 0.06% |
5,484,286
+25,258
| +0.5% | +$2.51M |
|
|
VMW
318
DELISTED
VMware, Inc
VMW
| $474M | 0.06% |
2,849,133
+574,781
| +25% | +$92.1M |
|
319
State Street
STT
$50.2B
| $473M | 0.06% |
7,082,529
-129,547
| -2% | -$9.14M |
|
320
Xylem
XYL
$27.3B
| $470M | 0.06% |
5,174,603
+153,490
| +3% | +$15.8M |
|
321
Steris
STE
$22.5B
| $466M | 0.06% |
2,126,461
+29,428
| +1% | +$6.66M |
|
322
Royal Caribbean
RCL
$86.1B
| $465M | 0.06% |
5,051,903
+362,889
| +8% | +$36.3M |
|
323
Eversource Energy
ES
$27.8B
| $460M | 0.05% |
7,932,076
+136,991
| +2% | +$9.13M |
|
324
NVR
NVR
$16.8B
| $459M | 0.05% |
76,987
+5,514
| +8% | +$34.2M |
|
325
Broadridge
BR
$17.9B
| $455M | 0.05% |
2,549,374
+51,629
| +2% | +$9.14M |
|
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.