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 | |
|---|---|---|---|---|---|---|
|
BWIN
1551
Baldwin Insurance Group
BWIN
$2.69B
| $30.2M | ﹤0.01% |
1,299,465
+50,808
| +4% | +$1.27M |
|
1552
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $30.2M | ﹤0.01% |
844,708
+93,299
| +12% | +$3.53M |
|
1553
Cheesecake Factory
CAKE
$5.04B
| $30.2M | ﹤0.01% |
995,931
+29,869
| +3% | +$995K |
|
|
PRO
1554
DELISTED
PROS Holdings
PRO
| $30.2M | ﹤0.01% |
871,101
+38,610
| +5% | +$1.33M |
|
1555
Supernus Pharmaceuticals
SUPN
$2.59B
| $30.1M | ﹤0.01% |
1,093,097
+38,951
| +4% | +$1.19M |
|
1556
Herbalife
HLF
$1.29B
| $30M | ﹤0.01% |
2,144,800
+81,064
| +4% | +$1.23M |
|
|
SVC
1557
Service Properties Trust
SVC
$1.04B
| $30M | ﹤0.01% |
779,482
+30,852
| +4% | +$1.28M |
|
1558
Triumph Financial Inc
TFIN
$1.81B
| $29.8M | ﹤0.01% |
460,498
+13,592
| +3% | +$897K |
|
1559
Federal Agricultural Mortgage
AGM
$2.47B
| $29.8M | ﹤0.01% |
193,313
+9,989
| +5% | +$1.62M |
|
1560
Virtus Investment Partners
VRTS
$1.06B
| $29.8M | ﹤0.01% |
147,545
+5,427
| +4% | +$1.1M |
|
1561
Enerpac Tool Group
EPAC
$1.83B
| $29.8M | ﹤0.01% |
1,127,344
+23,281
| +2% | +$622K |
|
|
AGR
1562
DELISTED
Avangrid, Inc.
AGR
| $29.7M | ﹤0.01% |
985,143
+25,560
| +3% | +$903K |
|
1563
Agios Pharmaceuticals
AGIO
$1.79B
| $29.7M | ﹤0.01% |
1,198,960
+41,293
| +4% | +$1.09M |
|
|
HEES
1564
DELISTED
H&E Equipment Services
HEES
| $29.6M | ﹤0.01% |
684,680
+14,014
| +2% | +$639K |
|
1565
Enterprise Financial Services Corp
EFSC
$2.4B
| $29.5M | ﹤0.01% |
787,390
+29,475
| +4% | +$1.18M |
|
1566
Brady Corp
BRC
$4.44B
| $29.5M | ﹤0.01% |
536,420
+10,358
| +2% | +$533K |
|
1567
Upwork
UPWK
$1.13B
| $29.4M | ﹤0.01% |
2,586,508
+126,944
| +5% | +$1.58M |
|
1568
Mercury Systems
MRCY
$5.83B
| $29.4M | ﹤0.01% |
791,915
-73,112
| -8% | -$2.7M |
|
1569
Nelnet
NNI
$4.88B
| $29.4M | ﹤0.01% |
328,707
+10,600
| +3% | +$1M |
|
1570
Pacira BioSciences
PCRX
$1.04B
| $29.3M | ﹤0.01% |
956,377
+36,776
| +4% | +$1.33M |
|
1571
Jack in the Box
JACK
$312M
| $29.3M | ﹤0.01% |
424,088
+11,412
| +3% | +$971K |
|
|
VRE
1572
DELISTED
Veris Residential
VRE
| $29.2M | ﹤0.01% |
1,769,786
+67,161
| +4% | +$1.18M |
|
1573
Lumen
LUMN
$6.57B
| $29.2M | ﹤0.01% |
20,553,719
+1,552,803
| +8% | +$2.63M |
|
|
XHR
1574
Xenia Hotels & Resorts
XHR
$1.9B
| $29.2M | ﹤0.01% |
2,475,152
+57,482
| +2% | +$693K |
|
1575
Global E Online
GLBE
$6.6B
| $29M | ﹤0.01% |
731,091
+594,874
| +437% | +$24M |
|
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.