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 | |
|---|---|---|---|---|---|---|
1051
Matsons
MATX
$6.13B
| $64.4M | 0.01% |
725,835
+21,963
| +3% | +$1.92M |
|
|
WIRE
1052
DELISTED
Encore Wire Corp
WIRE
| $64.4M | 0.01% |
352,823
-5,220
| -1% | -$886K |
|
1053
MDU Resources
MDU
$4.17B
| $64.2M | 0.01% |
5,913,833
+153,325
| +3% | +$1.77M |
|
1054
Hanover Insurance
THG
$8.1B
| $64.1M | 0.01% |
577,890
+15,871
| +3% | +$1.75M |
|
|
SRCL
1055
DELISTED
Stericycle Inc
SRCL
| $64.1M | 0.01% |
1,433,935
+12,499
| +0.9% | +$558K |
|
1056
Hilton Grand Vacations
HGV
$3.59B
| $64.1M | 0.01% |
1,575,197
+15,844
| +1% | +$698K |
|
1057
Installed Building Products
IBP
$6.01B
| $64.1M | 0.01% |
512,892
+21,292
| +4% | +$3.01M |
|
1058
NIO
NIO
$12.2B
| $63.9M | 0.01% |
7,106,060
+307,150
| +5% | +$3.42M |
|
1059
AutoNation
AN
$7.11B
| $63.8M | 0.01% |
421,593
-40,345
| -9% | -$6.44M |
|
|
ARCH
1060
DELISTED
Arch Resources, Inc.
ARCH
| $63.8M | 0.01% |
373,696
-17,666
| -5% | -$2.37M |
|
|
ALE
1061
DELISTED
Allete
ALE
| $63.8M | 0.01% |
1,207,522
+48,601
| +4% | +$2.74M |
|
1062
RH
RH
$3.13B
| $63.6M | 0.01% |
240,613
-14,804
| -6% | -$5.15M |
|
|
BPMC
1063
DELISTED
Blueprint Medicines
BPMC
| $63.6M | 0.01% |
1,266,497
+45,304
| +4% | +$2.42M |
|
1064
AXIS Capital
AXS
$7.68B
| $63.4M | 0.01% |
1,125,242
+19,139
| +2% | +$1.06M |
|
1065
Vornado Realty Trust
VNO
$7.41B
| $63.4M | 0.01% |
2,795,514
-25,405
| -0.9% | -$562K |
|
|
UCB
1066
United Community Banks
UCB
$4.24B
| $63.3M | 0.01% |
2,489,496
+137,116
| +6% | +$3.72M |
|
1067
Bank OZK
OZK
$5.6B
| $63.3M | 0.01% |
1,706,200
+8,936
| +0.5% | +$362K |
|
1068
Element Solutions
ESI
$8.95B
| $63.1M | 0.01% |
3,218,095
+36,996
| +1% | +$735K |
|
1069
NorthWestern Energy
NWE
$4.23B
| $63M | 0.01% |
1,311,238
+52,525
| +4% | +$2.8M |
|
1070
Peabody Energy
BTU
$2.6B
| $62.9M | 0.01% |
2,419,960
+44,434
| +2% | +$994K |
|
|
LSXMK
1071
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $62.9M | 0.01% |
2,472,808
-586,482
| -19% | -$14.2M |
|
1072
Prestige Consumer Healthcare
PBH
$2.38B
| $62.7M | 0.01% |
1,096,779
+39,312
| +4% | +$2.38M |
|
1073
10x Genomics
TXG
$6B
| $62.7M | 0.01% |
1,519,044
+84,243
| +6% | +$4.38M |
|
1074
Planet Fitness
PLNT
$4.42B
| $62.6M | 0.01% |
1,272,004
+26,350
| +2% | +$1.59M |
|
1075
Yeti Holdings
YETI
$3.71B
| $62.6M | 0.01% |
1,297,299
+25,200
| +2% | +$1.12M |
|
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.