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 | |
|---|---|---|---|---|---|---|
|
AMWD
1651
DELISTED
American Woodmark
AMWD
| $26M | ﹤0.01% |
343,778
+8,744
| +3% | +$657K |
|
1652
Lindsay Corp
LNN
$1.15B
| $26M | ﹤0.01% |
220,735
+6,363
| +3% | +$786K |
|
1653
Palomar
PLMR
$3.58B
| $26M | ﹤0.01% |
511,752
+13,103
| +3% | +$717K |
|
|
CIM
1654
Chimera Investment
CIM
$1.06B
| $25.9M | ﹤0.01% |
1,579,501
+46,278
| +3% | +$812K |
|
1655
DNOW Inc
DNOW
$2.61B
| $25.8M | ﹤0.01% |
2,174,715
+41,678
| +2% | +$465K |
|
1656
First Commonwealth Financial
FCF
$2.19B
| $25.7M | ﹤0.01% |
2,107,080
+81,361
| +4% | +$1.07M |
|
1657
Peloton Interactive
PTON
$2.81B
| $25.7M | ﹤0.01% |
5,088,708
+194,999
| +4% | +$1.39M |
|
|
LAZR
1658
DELISTED
Luminar Technologies
LAZR
| $25.6M | ﹤0.01% |
375,218
+21,778
| +6% | +$2M |
|
1659
Allegiant Air
ALGT
$2.76B
| $25.6M | ﹤0.01% |
332,756
+8,371
| +3% | +$860K |
|
|
PWSC
1660
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $25.5M | ﹤0.01% |
1,126,692
+190,980
| +20% | +$4.18M |
|
1661
CAE Inc. Common Shares
CAE
$8.47B
| $25.5M | ﹤0.01% |
1,099,878
+32,524
| +3% | +$752K |
|
|
HTLF
1662
DELISTED
Heartland Financial USA, Inc.
HTLF
| $25.5M | ﹤0.01% |
865,334
+35,981
| +4% | +$1.12M |
|
1663
Rocket Lab Corp
RKLB
$43.9B
| $25.5M | ﹤0.01% |
5,810,566
+644,344
| +12% | +$3.92M |
|
1664
Gulfport Energy Corp
GPOR
$2.95B
| $25.4M | ﹤0.01% |
214,399
+6,483
| +3% | +$718K |
|
1665
Ameresco
AMRC
$1.2B
| $25.4M | ﹤0.01% |
659,444
+21,089
| +3% | +$1.02M |
|
1666
Rocket Pharmaceuticals
RCKT
$365M
| $25.4M | ﹤0.01% |
1,240,160
+56,057
| +5% | +$1.02M |
|
1667
Xencor
XNCR
$1.45B
| $25.4M | ﹤0.01% |
1,259,952
+49,461
| +4% | +$1.12M |
|
1668
Lakeland Financial Corp
LKFN
$1.57B
| $25.4M | ﹤0.01% |
534,803
+18,616
| +4% | +$962K |
|
1669
Viasat
VSAT
$11.3B
| $25.4M | ﹤0.01% |
1,374,693
+211,151
| +18% | +$6.04M |
|
|
PENG
1670
Penguin Solutions Inc
PENG
$2.7B
| $25.3M | ﹤0.01% |
1,039,242
+43,175
| +4% | +$1.09M |
|
1671
Certara
CERT
$1.26B
| $25.2M | ﹤0.01% |
1,735,449
+47,858
| +3% | +$804K |
|
1672
The Greenbrier Companies
GBX
$1.53B
| $25.2M | ﹤0.01% |
630,153
+5,512
| +0.9% | +$237K |
|
1673
Dillards
DDS
$9.47B
| $25.2M | ﹤0.01% |
76,024
+2,863
| +4% | +$946K |
|
1674
Kaiser Aluminum
KALU
$2.61B
| $25.1M | ﹤0.01% |
334,124
+10,839
| +3% | +$822K |
|
1675
Stantec
STN
$8.11B
| $25.1M | ﹤0.01% |
387,075
+325,727
| +531% | +$21.7M |
|
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.