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
|
+$1.09B |
| 2 |
Apple
AAPL
|
+$871M |
| 3 |
Uber
UBER
|
+$867M |
| 4 |
NVIDIA
NVDA
|
+$687M |
| 5 |
Amazon
AMZN
|
+$649M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$1.52B |
| 2 |
Danaher
DHR
|
+$540M |
| 3 |
VMW
VMware, Inc
VMW
|
+$474M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$450M |
| 5 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$388M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.83% |
| 2 | Financials | 12.77% |
| 3 | Healthcare | 12.47% |
| 4 | Consumer Discretionary | 11% |
| 5 | Industrials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Align Technology
ALGN
$12.4B
| $458M | 0.05% |
1,674,753
+48,326
| +3% | +$11.5M |
|
352
Expeditors International
EXPD
$21.8B
| $457M | 0.05% |
3,593,353
-143,033
| -4% | -$16.9M |
|
353
Cboe Global Markets
CBOE
$31B
| $456M | 0.05% |
2,554,791
+67,502
| +3% | +$11.6M |
|
354
International Flavors & Fragrances
IFF
$20.3B
| $454M | 0.05% |
5,618,373
+88,901
| +2% | +$6.43M |
|
355
Atlassian
TEAM
$24.9B
| $451M | 0.05% |
1,900,876
+123,194
| +7% | +$24.2M |
|
356
Corpay
CPAY
$25.5B
| $451M | 0.05% |
1,600,609
+16,937
| +1% | +$4.21M |
|
357
Toronto Dominion Bank
TD
$198B
| $450M | 0.05% |
6,935,147
+188,749
| +3% | +$11.3M |
|
358
MongoDB
MDB
$26.2B
| $447M | 0.05% |
1,093,918
+65,599
| +6% | +$24.9M |
|
359
Akamai
AKAM
$16.5B
| $440M | 0.05% |
3,723,732
+76,374
| +2% | +$8.5M |
|
360
Ameren
AEE
$30.1B
| $438M | 0.05% |
6,067,923
+127,221
| +2% | +$9.68M |
|
|
PPL
361
PPL Corp
PPL
$26.8B
| $437M | 0.05% |
16,172,819
+349,954
| +2% | +$8.88M |
|
362
Genuine Parts
GPC
$17.2B
| $435M | 0.05% |
3,146,532
+63,456
| +2% | +$8.7M |
|
363
Steel Dynamics
STLD
$36.2B
| $434M | 0.05% |
3,667,810
-6,217
| -0.2% | -$693K |
|
364
Factset
FDS
$9.35B
| $434M | 0.05% |
910,991
-62,290
| -6% | -$28M |
|
365
Darden Restaurants
DRI
$23.7B
| $434M | 0.05% |
2,645,566
+50,192
| +2% | +$7.6M |
|
366
Huntington Bancshares
HBAN
$34.5B
| $433M | 0.05% |
34,114,388
+846,881
| +3% | +$9.26M |
|
367
NetApp
NTAP
$34.1B
| $432M | 0.05% |
4,914,464
-368,912
| -7% | -$29.7M |
|
368
Hubbell
HUBB
$25B
| $432M | 0.05% |
1,317,151
+416,380
| +46% | +$125M |
|
|
WBA
369
DELISTED
Walgreens Boots Alliance
WBA
| $431M | 0.05% |
16,560,044
+416,631
| +3% | +$9.31M |
|
370
Waters Corp
WAT
$37.3B
| $431M | 0.05% |
1,311,244
+34,770
| +3% | +$9.6M |
|
371
Targa Resources
TRGP
$57.6B
| $430M | 0.05% |
4,959,049
+110,934
| +2% | +$9.53M |
|
|
AXON
372
Axon Enterprise
AXON
$42.3B
| $428M | 0.04% |
1,659,313
+38,233
| +2% | +$8.62M |
|
373
Baxter International
BAX
$13.8B
| $428M | 0.04% |
11,087,669
+254,357
| +2% | +$9M |
|
374
Skyworks Solutions
SWKS
$9.4B
| $426M | 0.04% |
3,793,579
+96,441
| +3% | +$9.44M |
|
375
Cooper Companies
COO
$14.2B
| $425M | 0.04% |
4,504,904
+97,128
| +2% | +$8.15M |
|
Similar funds
Geode Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Geode Capital Management held 4,831 positions worth $956B, up 14% from $840B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Geode Capital Management's Q4 2023 filing shows 71 new, 3,576 increased, 304 reduced and 178 closed positions. Its largest new stake was NCR Atleos: 993,462 shares worth $24.2M. The largest sale was Activision Blizzard, an estimated $1.52B.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2023 buy was NCR Atleos: 993,462 shares worth $24.2M.
- Geode Capital Management added most to Microsoft in Q4 2023, an estimated $1.09B increase.
- Geode Capital Management's biggest Q4 2023 reduction was Danaher, cutting an estimated $540M.
- Geode Capital Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.52B.
- Geode Capital Management's ten largest holdings make up 26% of its $956B portfolio in Q4 2023.
- Geode Capital Management opened 71 new positions and closed 178 in Q4 2023.
- Geode Capital Management's portfolio value rose 14% quarter-over-quarter to $956B.
Based on Geode Capital Management's 13F filing for Q4 2023, filed 13 Feb 2024.