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 | |
|---|---|---|---|---|---|---|
626
UFP Industries
UFPI
$4.9B
| $139M | 0.02% |
1,358,187
+29,801
| +2% | +$3.01M |
|
627
Penumbra
PEN
$12.7B
| $139M | 0.02% |
572,809
+20,386
| +4% | +$5.66M |
|
628
Interactive Brokers
IBKR
$39.2B
| $138M | 0.02% |
6,394,180
+257,204
| +4% | +$5.72M |
|
629
Weatherford International
WFRD
$6.29B
| $138M | 0.02% |
1,531,409
+152,199
| +11% | +$12.9M |
|
630
Floor & Decor
FND
$6.13B
| $138M | 0.02% |
1,528,288
+29,333
| +2% | +$2.99M |
|
631
SPS Commerce
SPSC
$2.64B
| $138M | 0.02% |
807,834
+32,575
| +4% | +$5.78M |
|
|
FLG
632
Flagstar Bank National Association
FLG
$5.93B
| $138M | 0.02% |
4,048,205
+534,390
| +15% | +$19.3M |
|
633
HF Sinclair
DINO
$16.3B
| $137M | 0.02% |
2,410,211
+186,940
| +8% | +$10.2M |
|
634
Tradeweb Markets
TW
$21.4B
| $137M | 0.02% |
1,710,156
+37,362
| +2% | +$2.98M |
|
635
Performance Food Group
PFGC
$18B
| $137M | 0.02% |
2,322,583
+46,788
| +2% | +$2.83M |
|
636
Celsius Holdings
CELH
$7.47B
| $136M | 0.02% |
2,370,261
+207,765
| +10% | +$11.7M |
|
637
Repligen
RGEN
$7.96B
| $135M | 0.02% |
852,198
+17,926
| +2% | +$2.93M |
|
638
Toll Brothers
TOL
$13.6B
| $135M | 0.02% |
1,822,124
+65,731
| +4% | +$5.19M |
|
639
US Foods
USFD
$22.2B
| $135M | 0.02% |
3,387,367
+91,603
| +3% | +$3.8M |
|
640
Roku
ROKU
$21.5B
| $134M | 0.02% |
1,906,046
+41,302
| +2% | +$3.2M |
|
641
Cognex
CGNX
$10.9B
| $134M | 0.02% |
3,151,643
-279,423
| -8% | -$13.7M |
|
642
SolarEdge
SEDG
$2.51B
| $134M | 0.02% |
1,034,150
+28,596
| +3% | +$5.49M |
|
643
Lear
LEA
$6.54B
| $134M | 0.02% |
996,193
+24,212
| +2% | +$3.5M |
|
|
BLD
644
DELISTED
TopBuild
BLD
| $133M | 0.02% |
530,317
+10,822
| +2% | +$2.98M |
|
645
Landstar System
LSTR
$5.93B
| $133M | 0.02% |
748,946
+6,979
| +0.9% | +$1.34M |
|
646
Fabrinet
FN
$15.6B
| $133M | 0.02% |
795,185
+30,373
| +4% | +$4.21M |
|
647
HEICO Corp Class A
HEI.A
$36B
| $132M | 0.02% |
1,026,428
+74,494
| +8% | +$10.1M |
|
648
HealthEquity
HQY
$8.41B
| $132M | 0.02% |
1,808,060
+64,429
| +4% | +$4.35M |
|
649
Comfort Systems
FIX
$60.9B
| $132M | 0.02% |
773,744
+88,441
| +13% | +$15.5M |
|
650
Simpson Manufacturing
SSD
$7.72B
| $132M | 0.02% |
878,372
+34,625
| +4% | +$5.27M |
|
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.