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 | |
|---|---|---|---|---|---|---|
1626
Knowles
KN
$3.18B
| $27.3M | ﹤0.01% |
1,839,814
+63,419
| +4% | +$1.04M |
|
1627
US Physical Therapy
USPH
$1.2B
| $27.2M | ﹤0.01% |
296,941
+29,166
| +11% | +$3.13M |
|
1628
Aurora
AUR
$13.4B
| $27.1M | ﹤0.01% |
11,546,246
+4,163,272
| +56% | +$12.9M |
|
1629
TripAdvisor
TRIP
$1.65B
| $27M | ﹤0.01% |
1,625,293
-47,519
| -3% | -$776K |
|
|
NVEE
1630
DELISTED
NV5 Global
NVEE
| $26.8M | ﹤0.01% |
1,113,828
+42,508
| +4% | +$1.1M |
|
1631
Cannae Holdings
CNNE
$653M
| $26.6M | ﹤0.01% |
1,428,783
+32,303
| +2% | +$637K |
|
1632
Hilltop Holdings
HTH
$2.27B
| $26.6M | ﹤0.01% |
938,387
+35,997
| +4% | +$1.09M |
|
1633
Cimpress
CMPR
$2.39B
| $26.5M | ﹤0.01% |
379,182
-1,315
| -0.3% | -$87K |
|
|
ACLX
1634
DELISTED
Arcellx
ACLX
| $26.5M | ﹤0.01% |
739,054
+53,826
| +8% | +$1.86M |
|
|
LSXMA
1635
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $26.5M | ﹤0.01% |
1,041,555
-378,394
| -27% | -$8.96M |
|
|
UNIT
1636
Uniti Group
UNIT
$2.33B
| $26.5M | ﹤0.01% |
5,611,557
+222,784
| +4% | +$1.14M |
|
1637
Liberty Latin America Class C
LILAK
$1.67B
| $26.5M | ﹤0.01% |
3,570,316
+164,059
| +5% | +$1.26M |
|
|
TWO
1638
Two Harbors Investment
TWO
$1.27B
| $26.5M | ﹤0.01% |
1,999,000
+78,433
| +4% | +$1.05M |
|
1639
Futu Holdings
FUTU
$14.9B
| $26.4M | ﹤0.01% |
461,530
+15,593
| +3% | +$831K |
|
1640
National Vision
EYE
$1.77B
| $26.3M | ﹤0.01% |
1,626,908
+34,529
| +2% | +$691K |
|
1641
Hayward Holdings
HAYW
$3.25B
| $26.3M | ﹤0.01% |
1,863,255
+32,206
| +2% | +$442K |
|
|
SQSP
1642
DELISTED
Squarespace, Inc.
SQSP
| $26.3M | ﹤0.01% |
906,669
+79,363
| +10% | +$2.43M |
|
1643
Brookfield Renewable
BEPC
$6.26B
| $26.3M | ﹤0.01% |
1,099,621
+53,224
| +5% | +$1.54M |
|
1644
Sotera Health
SHC
$5.12B
| $26.3M | ﹤0.01% |
1,752,456
+34,473
| +2% | +$582K |
|
1645
Impinj
PI
$4.91B
| $26.2M | ﹤0.01% |
476,624
+24,553
| +5% | +$1.67M |
|
1646
Westamerica Bancorp
WABC
$1.38B
| $26.2M | ﹤0.01% |
605,880
+17,792
| +3% | +$795K |
|
1647
Perdoceo Education
PRDO
$2.01B
| $26.2M | ﹤0.01% |
1,530,948
+43,476
| +3% | +$662K |
|
1648
CoreCivic
CXW
$3.02B
| $26.1M | ﹤0.01% |
2,320,329
+79,711
| +4% | +$801K |
|
1649
Kforce
KFRC
$1.04B
| $26.1M | ﹤0.01% |
437,048
+16,272
| +4% | +$991K |
|
1650
FirstService
FSV
$6.51B
| $26M | ﹤0.01% |
178,589
+5,721
| +3% | +$874K |
|
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.