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 | |
|---|---|---|---|---|---|---|
1276
Community Bank
CBU
$3.41B
| $46.2M | 0.01% |
1,094,380
+43,646
| +4% | +$2.07M |
|
1277
Independent Bank
INDB
$3.99B
| $46.2M | 0.01% |
940,163
+30,232
| +3% | +$1.61M |
|
1278
RXO
RXO
$3.34B
| $46.1M | 0.01% |
2,335,432
+94,137
| +4% | +$1.85M |
|
|
RCM
1279
DELISTED
R1 RCM Inc. Common Stock
RCM
| $46M | 0.01% |
3,052,366
+616,554
| +25% | +$10.4M |
|
1280
Fastly Inc
FSLY
$3.55B
| $45.9M | 0.01% |
2,393,955
+123,403
| +5% | +$2.41M |
|
|
VRTV
1281
DELISTED
VERITIV CORPORATION
VRTV
| $45.8M | 0.01% |
271,281
+10,084
| +4% | +$1.56M |
|
1282
Simmons First National
SFNC
$3.41B
| $45.7M | 0.01% |
2,695,492
+85,442
| +3% | +$1.54M |
|
1283
Shift4
FOUR
$4.2B
| $45.6M | 0.01% |
824,033
+21,600
| +3% | +$1.32M |
|
|
THS
1284
DELISTED
Treehouse Foods
THS
| $45.6M | 0.01% |
1,046,932
+45,256
| +5% | +$2.17M |
|
1285
ICF International
ICFI
$1.46B
| $45.5M | 0.01% |
376,276
+17,642
| +5% | +$2.2M |
|
|
PINC
1286
DELISTED
Premier
PINC
| $45.4M | 0.01% |
2,112,865
+36,209
| +2% | +$903K |
|
1287
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
| $45.4M | 0.01% |
2,139,123
+118,123
| +6% | +$2.84M |
|
1288
Park Hotels & Resorts
PK
$3.03B
| $45.4M | 0.01% |
3,680,856
+20,681
| +0.6% | +$267K |
|
1289
Rogers Corp
ROG
$2.21B
| $45.2M | 0.01% |
343,787
-3,769
| -1% | -$563K |
|
1290
NETSCOUT
NTCT
$2.96B
| $45.2M | 0.01% |
1,612,688
+100,416
| +7% | +$2.87M |
|
|
ENV
1291
DELISTED
ENVESTNET, INC.
ENV
| $45.2M | 0.01% |
1,025,947
-6,999
| -0.7% | -$384K |
|
1292
Huazhu Hotels Group
HTHT
$13.1B
| $45.1M | 0.01% |
1,150,809
+111,298
| +11% | +$4.7M |
|
1293
First Interstate BancSystem
FIBK
$3.69B
| $45.1M | 0.01% |
1,808,851
+17,781
| +1% | +$464K |
|
1294
Bloomin' Brands
BLMN
$741M
| $45.1M | 0.01% |
1,832,887
+68,756
| +4% | +$1.83M |
|
|
CCC
1295
CCC Intelligent Solutions
CCC
$3.59B
| $44.8M | 0.01% |
3,358,721
+936,861
| +39% | +$10.3M |
|
1296
Four Corners Property Trust
FCPT
$2.81B
| $44.8M | 0.01% |
2,018,596
+115,762
| +6% | +$2.91M |
|
1297
InterDigital
IDCC
$7.87B
| $44.7M | 0.01% |
556,979
+12,297
| +2% | +$1.07M |
|
1298
Parsons
PSN
$4.72B
| $44.7M | 0.01% |
821,537
+95,505
| +13% | +$5.06M |
|
|
NSA
1299
DELISTED
National Storage Affiliates Trust
NSA
| $44.6M | 0.01% |
1,406,070
+28,378
| +2% | +$961K |
|
|
PPBI
1300
DELISTED
Pacific Premier Bancorp
PPBI
| $44.6M | 0.01% |
2,050,521
+75,187
| +4% | +$1.73M |
|
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.