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 | |
|---|---|---|---|---|---|---|
3426
NLI Holdings
NL
$289M
| $773K | ﹤0.01% |
162,803
-3,827
| -2% | -$20.3K |
|
3427
SCYNEXIS
SCYX
$50.3M
| $773K | ﹤0.01% |
42,368
+3,349
| +9% | +$80K |
|
3428
1stdibs.com
DIBS
$149M
| $773K | ﹤0.01% |
212,210
+30,025
| +16% | +$120K |
|
3429
Root
ROOT
$903M
| $772K | ﹤0.01% |
81,164
+3,430
| +4% | +$35.5K |
|
|
SFBC
3430
Sound Financial Bancorp
SFBC
$112M
| $770K | ﹤0.01% |
20,934
+390
| +2% | +$14.4K |
|
3431
Summit State Bank
SSBI
$87.1M
| $770K | ﹤0.01% |
46,723
+1,396
| +3% | +$22.6K |
|
3432
ODDITY Tech
ODD
$702M
| $770K | ﹤0.01% |
+27,148
| New | +$1.15M |
|
3433
LiveWire
LVWR
$344M
| $767K | ﹤0.01% |
110,745
+4,553
| +4% | +$48.4K |
|
|
OPOF
3434
DELISTED
Old Point Financial
OPOF
| $765K | ﹤0.01% |
41,873
+5,309
| +15% | +$97.6K |
|
3435
Smith-Midland
SMID
$146M
| $764K | ﹤0.01% |
40,283
+2,112
| +6% | +$45.3K |
|
|
UHG
3436
DELISTED
United Homes Group
UHG
| $764K | ﹤0.01% |
136,337
+2,843
| +2% | +$25.3K |
|
|
SNCR
3437
DELISTED
Synchronoss Technologies
SNCR
| $763K | ﹤0.01% |
88,244
+1,377
| +2% | +$12.3K |
|
|
CDTX
3438
DELISTED
Cidara Therapeutics
CDTX
| $759K | ﹤0.01% |
40,294
+3,908
| +11% | +$76.7K |
|
3439
Ascent Industries
ACNT
$140M
| $755K | ﹤0.01% |
85,134
+4,190
| +5% | +$37.4K |
|
3440
LifeVantage
LFVN
$83M
| $753K | ﹤0.01% |
116,787
-3,570
| -3% | -$20K |
|
3441
XBiotech
XBIT
$68.1M
| $753K | ﹤0.01% |
182,738
+9,557
| +6% | +$47.8K |
|
3442
Absci
ABSI
$1.34B
| $752K | ﹤0.01% |
569,168
+119,747
| +27% | +$210K |
|
|
CELL
3443
DELISTED
PhenomeX Inc. Common Stock
CELL
| $751K | ﹤0.01% |
752,810
+116,650
| +18% | +$89.4K |
|
3444
Spruce Power Holding Corp
SPRU
$38.9M
| $749K | ﹤0.01% |
137,693
+115
| +0.1% | +$764 |
|
|
SCWX
3445
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $743K | ﹤0.01% |
119,655
+4,337
| +4% | +$29.4K |
|
|
ENER
3446
DELISTED
Accretion Acquisition Corp
ENER
| $741K | ﹤0.01% |
70,747
-4,796
| -6% | -$50.2K |
|
3447
First National Corp
FXNC
$293M
| $737K | ﹤0.01% |
41,303
+2,916
| +8% | +$49.7K |
|
|
NAGE
3448
Niagen Bioscience
NAGE
$281M
| $736K | ﹤0.01% |
503,943
-20,456
| -4% | -$31.9K |
|
3449
LiveOne
LVO
$60.9M
| $736K | ﹤0.01% |
76,941
+8,611
| +13% | +$137K |
|
3450
FerroAtlántica
GSM
$607M
| $735K | ﹤0.01% |
141,424
+35,792
| +34% | +$186K |
|
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.