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 | |
|---|---|---|---|---|---|---|
876
Fox Class B
FOX
$21.8B
| $83.7M | 0.01% |
2,903,054
-24,642
| -0.8% | -$754K |
|
877
Portland General Electric
POR
$5.8B
| $83.6M | 0.01% |
2,063,937
+138,793
| +7% | +$6.29M |
|
878
Polaris
PII
$3.82B
| $83.4M | 0.01% |
800,394
+11,871
| +2% | +$1.41M |
|
879
Home BancShares
HOMB
$6.23B
| $82.8M | 0.01% |
3,955,241
+153,651
| +4% | +$3.5M |
|
880
TriNet
TNET
$3.02B
| $82.8M | 0.01% |
710,791
+11,303
| +2% | +$1.19M |
|
881
Agnico Eagle Mines
AEM
$73.6B
| $82.6M | 0.01% |
1,805,871
+70,875
| +4% | +$3.48M |
|
|
AEL
882
DELISTED
American Equity Investment Life Holding Company
AEL
| $82.6M | 0.01% |
1,539,155
+36,612
| +2% | +$1.96M |
|
883
Zurn Elkay Water Solutions
ZWS
$8.38B
| $82.5M | 0.01% |
2,943,192
+101,079
| +4% | +$2.89M |
|
884
Merit Medical Systems
MMSI
$5.08B
| $82.4M | 0.01% |
1,193,925
+50,017
| +4% | +$3.6M |
|
885
Hexcel
HXL
$7.79B
| $82.4M | 0.01% |
1,264,651
+22,991
| +2% | +$1.63M |
|
|
EFOR
886
Everforth Inc
EFOR
$1.17B
| $82.2M | 0.01% |
1,006,121
+31,303
| +3% | +$2.49M |
|
|
TGNA
887
DELISTED
TEGNA Inc
TGNA
| $82.2M | 0.01% |
5,636,298
-541,247
| -9% | -$8.77M |
|
888
New Jersey Resources
NJR
$5.84B
| $82.1M | 0.01% |
2,020,792
+80,244
| +4% | +$3.51M |
|
889
Radian Group
RDN
$5.18B
| $82M | 0.01% |
3,263,407
+186,207
| +6% | +$4.92M |
|
|
GTM
890
ZoomInfo Technologies
GTM
$973M
| $81.5M | 0.01% |
4,974,314
+419,987
| +9% | +$8.58M |
|
891
Academy Sports + Outdoors
ASO
$2.94B
| $81.4M | 0.01% |
1,722,208
+44,663
| +3% | +$2.39M |
|
892
Carvana
CVNA
$68.6B
| $81.4M | 0.01% |
9,688,030
+197,070
| +2% | +$1.7M |
|
893
Valley National Bancorp
VLY
$7.9B
| $81.2M | 0.01% |
9,489,010
+472,353
| +5% | +$4.29M |
|
|
SRC
894
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $81.2M | 0.01% |
2,421,119
+46,525
| +2% | +$1.79M |
|
895
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $81.2M | 0.01% |
1,210,507
+28,022
| +2% | +$1.89M |
|
|
CADE
896
DELISTED
Cadence Bank
CADE
| $81.1M | 0.01% |
3,821,618
+149,710
| +4% | +$3.38M |
|
897
Advanced Energy
AEIS
$11.6B
| $81.1M | 0.01% |
785,960
+29,259
| +4% | +$3.28M |
|
898
Aaon
AAON
$7.3B
| $81M | 0.01% |
1,423,500
+82,806
| +6% | +$5.26M |
|
899
Evercore
EVR
$12.4B
| $80.9M | 0.01% |
586,619
+7,685
| +1% | +$1.04M |
|
900
Prosperity Bancshares
PB
$8.97B
| $80.8M | 0.01% |
1,481,017
+138,177
| +10% | +$8.02M |
|
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.