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 | |
|---|---|---|---|---|---|---|
1351
Red Rock Resorts
RRR
$3.77B
| $41.4M | ﹤0.01% |
1,010,417
+38,752
| +4% | +$1.75M |
|
1352
CorVel
CRVL
$3.06B
| $41.4M | ﹤0.01% |
631,962
+20,706
| +3% | +$1.43M |
|
1353
AAR Corp
AIR
$5.59B
| $41.3M | ﹤0.01% |
693,039
+29,902
| +5% | +$1.78M |
|
|
CALY
1354
Callaway Golf Company
CALY
$3.32B
| $41.3M | ﹤0.01% |
2,980,611
+135,681
| +5% | +$2.38M |
|
|
DOOR
1355
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $41.2M | ﹤0.01% |
442,183
+16,914
| +4% | +$1.7M |
|
|
PRFT
1356
DELISTED
Perficient Inc
PRFT
| $41.2M | ﹤0.01% |
711,580
+17,954
| +3% | +$1.23M |
|
1357
ACV Auctions
ACVA
$1.31B
| $41.1M | ﹤0.01% |
2,708,148
+181,814
| +7% | +$2.95M |
|
1358
Kohl's
KSS
$2.17B
| $41M | ﹤0.01% |
1,949,433
+51,354
| +3% | +$1.3M |
|
1359
Kennametal
KMT
$2.59B
| $40.8M | ﹤0.01% |
1,641,170
+60,402
| +4% | +$1.63M |
|
1360
PagerDuty
PD
$816M
| $40.6M | ﹤0.01% |
1,806,184
+182,837
| +11% | +$4.36M |
|
1361
Par Pacific Holdings
PARR
$4.31B
| $40.6M | ﹤0.01% |
1,129,167
+45,599
| +4% | +$1.5M |
|
1362
Kratos Defense & Security Solutions
KTOS
$8.74B
| $40.6M | ﹤0.01% |
2,699,731
+101,771
| +4% | +$1.51M |
|
1363
Expro Ltd
XPRO
$1.79B
| $40.5M | ﹤0.01% |
1,744,661
+210,534
| +14% | +$4.75M |
|
1364
Travel + Leisure Co
TNL
$4.66B
| $40.5M | ﹤0.01% |
1,102,795
-10,940
| -1% | -$437K |
|
1365
Nextpower Inc
NXT
$13.6B
| $40.5M | ﹤0.01% |
1,007,378
+277,363
| +38% | +$11.2M |
|
1366
STAAR Surgical
STAA
$1.21B
| $40.4M | ﹤0.01% |
1,006,213
+9,110
| +0.9% | +$427K |
|
1367
Cal-Maine
CALM
$4.12B
| $40.4M | ﹤0.01% |
834,591
+53,735
| +7% | +$2.5M |
|
1368
Trinity Industries
TRN
$2.49B
| $40.3M | ﹤0.01% |
1,654,827
+71,157
| +4% | +$1.79M |
|
1369
Forward Air
FWRD
$444M
| $40.3M | ﹤0.01% |
585,633
+17,441
| +3% | +$1.54M |
|
1370
PJT Partners
PJT
$4.3B
| $40.2M | ﹤0.01% |
506,329
-8,013
| -2% | -$620K |
|
1371
Howard Hughes
HHH
$3.81B
| $40.2M | ﹤0.01% |
569,144
-10,522
| -2% | -$794K |
|
1372
Urban Edge Properties
UE
$2.86B
| $40.2M | ﹤0.01% |
2,630,971
+93,305
| +4% | +$1.53M |
|
1373
Allegro MicroSystems
ALGM
$7.73B
| $40.1M | ﹤0.01% |
1,255,763
+120,423
| +11% | +$4.89M |
|
1374
Crane NXT
CXT
$2.99B
| $40.1M | ﹤0.01% |
721,228
+13,120
| +2% | +$761K |
|
1375
Vipshop
VIPS
$7.37B
| $40.1M | ﹤0.01% |
2,511,284
-9,480
| -0.4% | -$154K |
|
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.