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 | |
|---|---|---|---|---|---|---|
826
Sprouts Farmers Market
SFM
$8.13B
| $94.4M | 0.01% |
2,205,097
+66,924
| +3% | +$2.62M |
|
827
Elastic
ESTC
$6.84B
| $94.1M | 0.01% |
1,158,467
+45,862
| +4% | +$3.13M |
|
828
First Horizon
FHN
$12.2B
| $93.8M | 0.01% |
8,521,213
+548,090
| +7% | +$6.79M |
|
829
Oshkosh
OSK
$8.79B
| $93.5M | 0.01% |
979,085
+24,104
| +3% | +$2.34M |
|
830
Old National Bancorp
ONB
$10.2B
| $93.2M | 0.01% |
6,410,603
+275,468
| +4% | +$4.27M |
|
831
Globus Medical
GMED
$10.7B
| $93.1M | 0.01% |
1,875,607
+578,087
| +45% | +$32.3M |
|
832
Commerce Bancshares
CBSH
$8.53B
| $92.9M | 0.01% |
2,241,190
-32,413
| -1% | -$1.4M |
|
|
CFLT
833
DELISTED
Confluent
CFLT
| $92.8M | 0.01% |
3,137,245
+358,046
| +13% | +$12M |
|
834
Spotify
SPOT
$103B
| $92.7M | 0.01% |
599,674
+14,131
| +2% | +$2.15M |
|
835
Haemonetics
HAE
$3.89B
| $92.6M | 0.01% |
1,033,602
+42,184
| +4% | +$3.77M |
|
836
Magnolia Oil & Gas
MGY
$6.09B
| $92.4M | 0.01% |
3,953,265
+552,137
| +16% | +$12.3M |
|
|
KRTX
837
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $92.2M | 0.01% |
545,073
+60,926
| +13% | +$11.5M |
|
838
Capri Holdings
CPRI
$1.83B
| $92.1M | 0.01% |
1,750,929
-86,442
| -5% | -$3.92M |
|
839
Franco-Nevada
FNV
$41.1B
| $91.8M | 0.01% |
686,889
+30,277
| +5% | +$4.28M |
|
840
Phillips Edison & Co
PECO
$5.46B
| $91.8M | 0.01% |
2,736,638
+91,333
| +3% | +$3.16M |
|
841
Saic
SAIC
$4.95B
| $91.8M | 0.01% |
869,478
+16,433
| +2% | +$1.89M |
|
842
Belden
BDC
$4.85B
| $91.5M | 0.01% |
947,076
+30,684
| +3% | +$2.87M |
|
843
Nexstar Media Group
NXST
$5.82B
| $91.4M | 0.01% |
632,761
-27,874
| -4% | -$4.52M |
|
844
Iridium Communications
IRDM
$5.02B
| $90.6M | 0.01% |
1,990,215
-1,398
| -0.1% | -$72.4K |
|
845
Snap
SNAP
$7.89B
| $90.3M | 0.01% |
10,149,046
+353,825
| +4% | +$3.7M |
|
846
Insight Enterprises
NSIT
$3.89B
| $90.1M | 0.01% |
618,915
+34,637
| +6% | +$5.16M |
|
847
Casella Waste Systems
CWST
$5.71B
| $89.9M | 0.01% |
1,178,495
+67,123
| +6% | +$5.5M |
|
848
Fox Factory Holding Corp
FOXF
$755M
| $89.8M | 0.01% |
906,370
+33,987
| +4% | +$3.63M |
|
849
Robinhood
HOOD
$77.8B
| $89.5M | 0.01% |
9,134,979
+465,255
| +5% | +$5.16M |
|
850
Wyndham Hotels & Resorts
WH
$5.56B
| $89.4M | 0.01% |
1,285,283
+15,892
| +1% | +$1.18M |
|
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.