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 | |
|---|---|---|---|---|---|---|
1101
Louisiana-Pacific
LPX
$5.06B
| $70.5M | 0.01% |
994,757
+27,667
| +3% | +$1.65M |
|
1102
Prestige Consumer Healthcare
PBH
$2.38B
| $70.4M | 0.01% |
1,150,540
+53,761
| +5% | +$3.19M |
|
1103
Integer Holdings
ITGR
$4.12B
| $70.4M | 0.01% |
710,495
+33,095
| +5% | +$2.85M |
|
1104
Associated Banc-Corp
ASB
$5.83B
| $70.3M | 0.01% |
3,288,391
+123,373
| +4% | +$2.22M |
|
1105
Texas Capital Bancshares
TCBI
$4.3B
| $70.3M | 0.01% |
1,087,357
+43,026
| +4% | +$2.48M |
|
|
HI
1106
DELISTED
Hillenbrand
HI
| $70.3M | 0.01% |
1,468,378
+80,540
| +6% | +$3.3M |
|
1107
Sanmina
SANM
$9.95B
| $70.2M | 0.01% |
1,366,005
+39,242
| +3% | +$2M |
|
1108
Yeti Holdings
YETI
$3.71B
| $70.1M | 0.01% |
1,354,137
+56,838
| +4% | +$2.52M |
|
|
CSW
1109
CSW Industrials
CSW
$5.2B
| $70.1M | 0.01% |
337,929
+16,375
| +5% | +$2.97M |
|
1110
Enpro
NPO
$6.63B
| $70.1M | 0.01% |
446,996
+20,168
| +5% | +$2.61M |
|
1111
Dycom Industries
DY
$12B
| $70M | 0.01% |
608,304
+29,167
| +5% | +$2.77M |
|
1112
SiriusXM
SIRI
$9.98B
| $70M | 0.01% |
1,281,660
+31,157
| +2% | +$1.5M |
|
1113
Sunrun
RUN
$2.34B
| $70M | 0.01% |
3,564,298
+107,839
| +3% | +$1.37M |
|
1114
Kontoor Brands
KTB
$4.63B
| $69.8M | 0.01% |
1,118,617
+56,076
| +5% | +$2.88M |
|
1115
Northern Oil and Gas
NOG
$2.3B
| $69.7M | 0.01% |
1,880,013
+227,722
| +14% | +$8.61M |
|
1116
RH
RH
$3.13B
| $69.7M | 0.01% |
239,017
-1,596
| -0.7% | -$412K |
|
1117
COPT Defense Properties
CDP
$4.3B
| $69.4M | 0.01% |
2,708,100
+103,639
| +4% | +$2.51M |
|
1118
Ryan Specialty Holdings
RYAN
$5.72B
| $69.2M | 0.01% |
1,608,355
+86,535
| +6% | +$3.9M |
|
1119
Post Holdings
POST
$4.14B
| $69.1M | 0.01% |
784,250
+12,719
| +2% | +$1.08M |
|
1120
Alarm.com
ALRM
$2.71B
| $69.1M | 0.01% |
1,068,456
+47,310
| +5% | +$2.71M |
|
|
AXNX
1121
DELISTED
Axonics, Inc. Common Stock
AXNX
| $68.6M | 0.01% |
1,101,900
+60,308
| +6% | +$3.37M |
|
1122
Boyd Gaming
BYD
$6.18B
| $68.6M | 0.01% |
1,094,874
+7,048
| +0.6% | +$418K |
|
1123
CNX Resources
CNX
$5.3B
| $68.5M | 0.01% |
3,425,855
+71,700
| +2% | +$1.53M |
|
1124
CNO Financial Group
CNO
$5.14B
| $68.4M | 0.01% |
2,452,754
+62,117
| +3% | +$1.56M |
|
|
CNR
1125
Core Natural Resources Inc
CNR
$4.02B
| $68.4M | 0.01% |
680,476
-15,297
| -2% | -$1.55M |
|
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.