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 | |
|---|---|---|---|---|---|---|
1051
Avnet
AVT
$7.29B
| $75.7M | 0.01% |
1,501,695
+43,751
| +3% | +$2.08M |
|
1052
FormFactor
FORM
$8.28B
| $75.7M | 0.01% |
1,814,200
+85,041
| +5% | +$3.11M |
|
1053
DXC Technology
DXC
$1.82B
| $75.5M | 0.01% |
3,292,227
-1,549,122
| -32% | -$34.5M |
|
1054
Valmont Industries
VMI
$9.3B
| $75.5M | 0.01% |
323,110
+9,292
| +3% | +$2.04M |
|
1055
Euronet Worldwide
EEFT
$2.72B
| $75.4M | 0.01% |
742,558
-5,815
| -0.8% | -$496K |
|
1056
Ziff Davis
ZD
$1.96B
| $75.3M | 0.01% |
1,120,000
+31,292
| +3% | +$1.98M |
|
1057
Adient
ADNT
$1.65B
| $75M | 0.01% |
2,062,309
+63,581
| +3% | +$2.18M |
|
1058
AppFolio
APPF
$6.38B
| $75M | 0.01% |
432,617
+27,063
| +7% | +$5.07M |
|
1059
Teck Resources
TECK
$29.6B
| $74.7M | 0.01% |
1,752,018
+69,586
| +4% | +$2.67M |
|
1060
Alaska Air
ALK
$5.29B
| $74.2M | 0.01% |
1,898,060
-910,632
| -32% | -$32.5M |
|
1061
Kadant
KAI
$3.63B
| $74.1M | 0.01% |
264,493
+11,130
| +4% | +$2.78M |
|
1062
Carpenter Technology
CRS
$25.8B
| $74.1M | 0.01% |
1,045,942
+60,291
| +6% | +$4.05M |
|
1063
Tidewater
TDW
$3.73B
| $74M | 0.01% |
1,021,294
+55,200
| +6% | +$3.57M |
|
|
WIRE
1064
DELISTED
Encore Wire Corp
WIRE
| $74M | 0.01% |
346,186
-6,637
| -2% | -$1.26M |
|
1065
BlackLine
BL
$1.84B
| $73.9M | 0.01% |
1,183,654
+58,916
| +5% | +$3.33M |
|
1066
Harley-Davidson
HOG
$2.58B
| $73.8M | 0.01% |
2,004,132
+33,684
| +2% | +$1.04M |
|
1067
Corebridge Financial
CRBG
$14.1B
| $73.8M | 0.01% |
3,407,754
+1,218,012
| +56% | +$25.1M |
|
1068
Warner Music
WMG
$13.5B
| $73.8M | 0.01% |
2,062,341
+87,235
| +4% | +$2.88M |
|
1069
Riot Platforms
RIOT
$7.63B
| $73.5M | 0.01% |
4,749,180
+764,916
| +19% | +$9.23M |
|
|
SRCL
1070
DELISTED
Stericycle Inc
SRCL
| $73.4M | 0.01% |
1,481,760
+47,825
| +3% | +$2.15M |
|
1071
Kyndryl
KD
$2.99B
| $73.4M | 0.01% |
3,531,950
+115,170
| +3% | +$1.97M |
|
1072
Cogent Communications
CCOI
$676M
| $73.4M | 0.01% |
964,504
+49,538
| +5% | +$3.31M |
|
1073
Pembina Pipeline
PBA
$28.4B
| $73.1M | 0.01% |
2,109,224
+61,505
| +3% | +$1.97M |
|
1074
ACI Worldwide
ACIW
$5.83B
| $73M | 0.01% |
2,385,409
+53,626
| +2% | +$1.34M |
|
|
LSXMK
1075
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $73M | 0.01% |
2,540,515
+67,707
| +3% | +$1.78M |
|
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.