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 | |
|---|---|---|---|---|---|---|
3401
BGSF Inc
BGSF
$60.1M
| $835K | ﹤0.01% |
86,887
-2,667
| -3% | -$26.2K |
|
3402
Southern California Bancorp
BCAL
$698M
| $834K | ﹤0.01% |
+59,501
| New | +$875K |
|
3403
NN Inc
NNBR
$293M
| $830K | ﹤0.01% |
446,034
+12,953
| +3% | +$30.4K |
|
3404
Abeona Therapeutics
ABEO
$380M
| $829K | ﹤0.01% |
196,739
+39,146
| +25% | +$148K |
|
3405
Friedman Industries
FRD
$254M
| $825K | ﹤0.01% |
61,563
+2,029
| +3% | +$29.5K |
|
|
CMLS
3406
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $822K | ﹤0.01% |
161,466
-21,808
| -12% | -$104K |
|
3407
Smith Micro Software
SMSI
$15.5M
| $814K | ﹤0.01% |
16,806
+1,949
| +13% | +$102K |
|
|
LFT
3408
Lument Finance Trust
LFT
$36.9M
| $813K | ﹤0.01% |
390,774
+5,747
| +1% | +$12.1K |
|
3409
Atossa Therapeutics
ATOS
$23.1M
| $812K | ﹤0.01% |
73,505
-669
| -0.9% | -$9.71K |
|
3410
Hamilton Beach Brands
HBB
$318M
| $811K | ﹤0.01% |
65,353
+6,065
| +10% | +$67.2K |
|
3411
Union Bankshares
UNB
$110M
| $809K | ﹤0.01% |
36,112
+298
| +0.8% | +$6.61K |
|
3412
ZIM Integrated Shipping Services
ZIM
$3.25B
| $808K | ﹤0.01% |
77,305
+1,787
| +2% | +$22.7K |
|
3413
Meridian
MRBK
$237M
| $806K | ﹤0.01% |
82,226
+2,634
| +3% | +$29.7K |
|
3414
Redwire
RDW
$2.5B
| $802K | ﹤0.01% |
277,342
+10,293
| +4% | +$33.1K |
|
|
CONX
3415
DELISTED
CONX Corp. Class A Common Stock
CONX
| $801K | ﹤0.01% |
76,973
+39
| +0.1% | +$403 |
|
3416
OR Royalties Inc
OR
$5.85B
| $798K | ﹤0.01% |
67,943
+2,721
| +4% | +$37.1K |
|
3417
TransAlta
TAC
$4.03B
| $797K | ﹤0.01% |
91,521
+2,323
| +3% | +$22.6K |
|
3418
Loop Industries
LOOP
$36.8M
| $797K | ﹤0.01% |
223,234
+6,631
| +3% | +$20.7K |
|
|
RBOT
3419
DELISTED
Vicarious Surgical
RBOT
| $796K | ﹤0.01% |
44,936
+10,879
| +32% | +$396K |
|
3420
Achieve Life Sciences
ACHV
$659M
| $795K | ﹤0.01% |
184,925
+22,637
| +14% | +$114K |
|
3421
TScan Therapeutics
TCRX
$47.6M
| $789K | ﹤0.01% |
307,938
+191,047
| +163% | +$446K |
|
|
AHT
3422
Ashford Hospitality Trust
AHT
$21.1M
| $784K | ﹤0.01% |
32,796
-761
| -2% | -$24.1K |
|
3423
Cognyte Software
CGNT
$685M
| $781K | ﹤0.01% |
162,405
+162
| +0.1% | +$822 |
|
3424
Eldorado Gold
EGO
$8.43B
| $781K | ﹤0.01% |
87,498
+18,105
| +26% | +$176K |
|
|
HMNF
3425
DELISTED
HMN Financial Inc
HMNF
| $775K | ﹤0.01% |
40,515
+2,279
| +6% | +$44.9K |
|
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.