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 | |
|---|---|---|---|---|---|---|
1076
Alarm.com
ALRM
$2.71B
| $62.4M | 0.01% |
1,021,146
+35,114
| +4% | +$1.98M |
|
1077
WD-40
WDFC
$3.05B
| $62.4M | 0.01% |
307,188
+13,520
| +5% | +$2.89M |
|
1078
BlackLine
BL
$1.84B
| $62.4M | 0.01% |
1,124,738
-732
| -0.1% | -$40.1K |
|
1079
Chemours
CC
$2.5B
| $62.3M | 0.01% |
2,218,989
+20,249
| +0.9% | +$695K |
|
1080
LivaNova
LIVN
$4.4B
| $62.2M | 0.01% |
1,175,217
+49,721
| +4% | +$2.73M |
|
1081
Coherent
COHR
$51.4B
| $62.1M | 0.01% |
1,902,492
-54,957
| -3% | -$2.26M |
|
1082
Pembina Pipeline
PBA
$28.4B
| $62.1M | 0.01% |
2,047,719
+35,144
| +2% | +$1.08M |
|
1083
COPT Defense Properties
CDP
$4.3B
| $62.1M | 0.01% |
2,604,461
+93,493
| +4% | +$2.36M |
|
1084
Warner Music
WMG
$13.5B
| $62M | 0.01% |
1,975,106
+212,606
| +12% | +$6.66M |
|
1085
Spire
SR
$4.72B
| $61.9M | 0.01% |
1,094,283
+46,247
| +4% | +$2.8M |
|
1086
CONMED
CNMD
$1.39B
| $61.9M | 0.01% |
613,397
+24,753
| +4% | +$2.84M |
|
1087
Kulicke & Soffa
KLIC
$4.67B
| $61.8M | 0.01% |
1,271,666
+45,609
| +4% | +$2.42M |
|
1088
American Eagle Outfitters
AEO
$2.88B
| $61.8M | 0.01% |
3,722,997
+167,611
| +5% | +$2.48M |
|
1089
Antero Midstream
AM
$10.4B
| $61.7M | 0.01% |
5,147,946
+183,826
| +4% | +$2.18M |
|
1090
Texas Capital Bancshares
TCBI
$4.3B
| $61.5M | 0.01% |
1,044,331
+41,270
| +4% | +$2.5M |
|
|
SNV
1091
DELISTED
Synovus
SNV
| $61.5M | 0.01% |
2,210,412
+60,109
| +3% | +$1.88M |
|
|
MASI
1092
DELISTED
Masimo
MASI
| $61.4M | 0.01% |
699,753
-58,853
| -8% | -$6.85M |
|
|
AZEK
1093
DELISTED
The AZEK Co
AZEK
| $61.3M | 0.01% |
2,061,941
+343,077
| +20% | +$10.8M |
|
1094
Rush Enterprises Class A
RUSHA
$6.2B
| $61.3M | 0.01% |
1,500,179
+37,843
| +3% | +$1.56M |
|
1095
Broadstone Net Lease
BNL
$4.11B
| $61.2M | 0.01% |
4,276,177
+200,872
| +5% | +$3.21M |
|
1096
Helen of Troy
HELE
$644M
| $61M | 0.01% |
523,005
+20,174
| +4% | +$2.51M |
|
1097
Roivant Sciences
ROIV
$24.5B
| $61M | 0.01% |
5,218,180
+2,478,175
| +90% | +$28M |
|
1098
Ashland
ASH
$3.33B
| $60.9M | 0.01% |
744,912
+24,407
| +3% | +$2.11M |
|
1099
Jackson Financial
JXN
$8.53B
| $60.7M | 0.01% |
1,587,125
+115,492
| +8% | +$4.04M |
|
1100
Liberty Energy
LBRT
$3.05B
| $60.6M | 0.01% |
3,273,520
+144,846
| +5% | +$2.39M |
|
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.