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 | |
|---|---|---|---|---|---|---|
1101
AeroVironment
AVAV
$7.56B
| $60.5M | 0.01% |
542,812
+36,725
| +7% | +$3.7M |
|
1102
Moelis & Co
MC
$4.97B
| $60.5M | 0.01% |
1,340,156
-45,182
| -3% | -$2.13M |
|
1103
FormFactor
FORM
$8.28B
| $60.4M | 0.01% |
1,729,159
+65,476
| +4% | +$2.2M |
|
1104
Cameco
CCJ
$37.6B
| $60.4M | 0.01% |
1,527,116
+61,513
| +4% | +$2.18M |
|
1105
Evolent Health
EVH
$348M
| $60.4M | 0.01% |
2,217,449
+241,337
| +12% | +$6.71M |
|
1106
Lincoln National
LNC
$8.73B
| $60.4M | 0.01% |
2,444,326
-960,556
| -28% | -$25.1M |
|
|
TPH
1107
DELISTED
Tri Pointe Homes
TPH
| $60.2M | 0.01% |
2,199,337
+151,615
| +7% | +$4.65M |
|
1108
iRhythm Holdings
IRTC
$3.85B
| $60.1M | 0.01% |
637,778
+24,660
| +4% | +$2.51M |
|
1109
DigitalBridge
DBRG
$2.93B
| $60M | 0.01% |
3,414,817
+93,114
| +3% | +$1.54M |
|
1110
QuidelOrtho
QDEL
$1.14B
| $59.8M | 0.01% |
818,621
-30,276
| -4% | -$2.42M |
|
1111
Verra Mobility
VRRM
$804M
| $59.8M | 0.01% |
3,195,644
+380,435
| +14% | +$7.38M |
|
1112
Avis
CAR
$4.86B
| $59.7M | 0.01% |
332,066
-34,057
| -9% | -$7.38M |
|
1113
ESAB
ESAB
$5.38B
| $59.6M | 0.01% |
849,084
+67,675
| +9% | +$4.71M |
|
1114
Arrowhead Research
ARWR
$11.9B
| $59.6M | 0.01% |
2,218,253
+65,203
| +3% | +$2M |
|
1115
UMB Financial
UMBF
$11.1B
| $59.6M | 0.01% |
960,089
+36,649
| +4% | +$2.38M |
|
1116
Kilroy Realty
KRC
$4.52B
| $59.6M | 0.01% |
1,883,974
+37,164
| +2% | +$1.29M |
|
1117
Intellia Therapeutics
NTLA
$1.49B
| $59.5M | 0.01% |
1,880,245
+94,298
| +5% | +$3.66M |
|
1118
Coty
COTY
$2.42B
| $59.4M | 0.01% |
5,415,911
+77,096
| +1% | +$909K |
|
1119
Euronet Worldwide
EEFT
$2.72B
| $59.4M | 0.01% |
748,373
+13,680
| +2% | +$1.27M |
|
1120
LCI Industries
LCII
$2.49B
| $59.3M | 0.01% |
505,130
+16,726
| +3% | +$2.1M |
|
|
APLS
1121
DELISTED
Apellis Pharmaceuticals
APLS
| $59.2M | 0.01% |
1,554,826
+56,437
| +4% | +$2.48M |
|
1122
Progyny
PGNY
$2.44B
| $59M | 0.01% |
1,734,866
+126,044
| +8% | +$4.76M |
|
1123
Westlake Corp
WLK
$9.03B
| $59M | 0.01% |
474,139
-11,870
| -2% | -$1.52M |
|
1124
Huntsman Corp
HUN
$1.71B
| $58.8M | 0.01% |
2,411,446
-50,568
| -2% | -$1.37M |
|
1125
Marqeta
MQ
$1.83B
| $58.8M | 0.01% |
2,457,843
+64,877
| +3% | +$1.47M |
|
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.