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 | |
|---|---|---|---|---|---|---|
1026
Madrigal Pharmaceuticals
MDGL
$10.8B
| $77.8M | 0.01% |
336,255
+39,817
| +13% | +$6.97M |
|
1027
Rush Enterprises Class A
RUSHA
$6.2B
| $77.6M | 0.01% |
1,543,246
+43,067
| +3% | +$1.74M |
|
1028
Ameris Bancorp
ABCB
$5.85B
| $77.6M | 0.01% |
1,461,835
+57,503
| +4% | +$2.46M |
|
1029
Kilroy Realty
KRC
$4.52B
| $77.5M | 0.01% |
1,945,516
+61,542
| +3% | +$2.03M |
|
1030
Walker & Dunlop
WD
$1.71B
| $77.5M | 0.01% |
697,672
+32,944
| +5% | +$2.71M |
|
|
TXNM
1031
TXNM Energy Inc
TXNM
$6.41B
| $77.4M | 0.01% |
1,861,549
+79,374
| +4% | +$3.4M |
|
1032
Box
BOX
$4.37B
| $77.4M | 0.01% |
3,020,292
+143,331
| +5% | +$3.62M |
|
1033
FNB Corp
FNB
$6.73B
| $77.3M | 0.01% |
5,616,074
+209,054
| +4% | +$2.47M |
|
1034
Broadstone Net Lease
BNL
$4.11B
| $77.3M | 0.01% |
4,486,383
+210,206
| +5% | +$3.24M |
|
|
ALE
1035
DELISTED
Allete
ALE
| $77.2M | 0.01% |
1,262,587
+55,065
| +5% | +$3.09M |
|
|
DOC
1036
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $77.1M | 0.01% |
5,790,536
+229,645
| +4% | +$2.73M |
|
1037
Verra Mobility
VRRM
$804M
| $77M | 0.01% |
3,343,589
+147,945
| +5% | +$3.03M |
|
1038
Element Solutions
ESI
$8.95B
| $77M | 0.01% |
3,325,040
+106,945
| +3% | +$2.16M |
|
1039
National Fuel Gas
NFG
$7.82B
| $76.9M | 0.01% |
1,533,306
+58,976
| +4% | +$3.04M |
|
1040
DoubleVerify
DV
$1.73B
| $76.8M | 0.01% |
2,088,956
+295,934
| +17% | +$9.22M |
|
1041
WD-40
WDFC
$3.05B
| $76.7M | 0.01% |
320,659
+13,471
| +4% | +$3.01M |
|
1042
ESAB
ESAB
$5.38B
| $76.7M | 0.01% |
884,780
+35,696
| +4% | +$2.7M |
|
1043
Ollie's Bargain Outlet
OLLI
$4.44B
| $76.5M | 0.01% |
1,008,196
+34,396
| +4% | +$2.59M |
|
1044
Helmerich & Payne
HP
$3.45B
| $76.3M | 0.01% |
2,105,897
+95,060
| +5% | +$3.68M |
|
1045
Concentrix
CNXC
$1.5B
| $76.2M | 0.01% |
776,058
+80,524
| +12% | +$7.01M |
|
|
NARI
1046
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $76.2M | 0.01% |
1,173,188
+54,290
| +5% | +$3.27M |
|
|
UCB
1047
United Community Banks
UCB
$4.24B
| $76.1M | 0.01% |
2,601,688
+112,192
| +5% | +$2.86M |
|
1048
Itron
ITRI
$4.36B
| $76.1M | 0.01% |
1,007,159
+42,893
| +4% | +$2.79M |
|
1049
Rapid7
RPD
$645M
| $75.9M | 0.01% |
1,329,859
+72,831
| +6% | +$3.81M |
|
|
CERE
1050
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $75.9M | 0.01% |
1,789,302
+350,025
| +24% | +$10.1M |
|
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.