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 | |
|---|---|---|---|---|---|---|
|
ATSG
1676
DELISTED
Air Transport Services Group
ATSG
| $25.1M | ﹤0.01% |
1,202,280
+38,062
| +3% | +$793K |
|
|
NUVL
1677
DELISTED
Nuvalent
NUVL
| $25.1M | ﹤0.01% |
545,349
+16,858
| +3% | +$748K |
|
|
FSR
1678
DELISTED
Fisker Inc.
FSR
| $25M | ﹤0.01% |
3,897,637
+353,933
| +10% | +$2.15M |
|
1679
Matthews International
MATW
$889M
| $25M | ﹤0.01% |
641,476
+25,517
| +4% | +$1.11M |
|
1680
GFL Environmental
GFL
$15.1B
| $24.9M | ﹤0.01% |
789,676
+33,228
| +4% | +$1.14M |
|
1681
Twist Bioscience
TWST
$6.07B
| $24.9M | ﹤0.01% |
1,228,196
+52,604
| +4% | +$1.16M |
|
1682
Ingles Markets
IMKTA
$1.74B
| $24.9M | ﹤0.01% |
330,269
+11,041
| +3% | +$889K |
|
1683
Victory Capital Holdings
VCTR
$6.38B
| $24.8M | ﹤0.01% |
745,043
+114,780
| +18% | +$3.83M |
|
|
ACH
1684
Accendra Health
ACH
$253M
| $24.8M | ﹤0.01% |
1,533,098
+58,730
| +4% | +$1.04M |
|
|
DEA
1685
Easterly Government Properties
DEA
$1.18B
| $24.7M | ﹤0.01% |
863,826
+39,764
| +5% | +$1.36M |
|
|
ESTE
1686
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $24.7M | ﹤0.01% |
1,218,144
+279,670
| +30% | +$4.88M |
|
1687
Reynolds Consumer Products
REYN
$5.29B
| $24.6M | ﹤0.01% |
961,241
+12,999
| +1% | +$354K |
|
1688
Aehr Test Systems
AEHR
$2.91B
| $24.6M | ﹤0.01% |
538,934
+19,931
| +4% | +$924K |
|
1689
Horace Mann Educators
HMN
$2.1B
| $24.6M | ﹤0.01% |
836,671
+28,203
| +3% | +$819K |
|
1690
LegalZoom.com
LZ
$1.42B
| $24.6M | ﹤0.01% |
2,245,078
+203,464
| +10% | +$2.5M |
|
1691
Virtu Financial
VIRT
$5.02B
| $24.6M | ﹤0.01% |
1,421,490
+66,075
| +5% | +$1.2M |
|
1692
TG Therapeutics
TGTX
$7.14B
| $24.5M | ﹤0.01% |
2,933,826
+103,237
| +4% | +$1.44M |
|
1693
First Bancorp
FBNC
$2.64B
| $24.5M | ﹤0.01% |
871,032
+26,208
| +3% | +$803K |
|
1694
Marten Transport
MRTN
$1.2B
| $24.5M | ﹤0.01% |
1,242,551
+41,350
| +3% | +$874K |
|
|
SPR
1695
DELISTED
Spirit AeroSystems
SPR
| $24.5M | ﹤0.01% |
1,516,690
+23,342
| +2% | +$537K |
|
|
NTST
1696
NETSTREIT Corp
NTST
$2.08B
| $24.5M | ﹤0.01% |
1,570,747
+219,254
| +16% | +$3.78M |
|
1697
Energy Recovery
ERII
$458M
| $24.4M | ﹤0.01% |
1,151,064
+38,949
| +4% | +$1.04M |
|
1698
Middlesex Water
MSEX
$1.08B
| $24.4M | ﹤0.01% |
368,170
+12,310
| +3% | +$948K |
|
|
CPRX
1699
DELISTED
Catalyst Pharmaceutical
CPRX
| $24.4M | ﹤0.01% |
2,086,367
+159,952
| +8% | +$2.14M |
|
1700
Orion
OEC
$389M
| $24.4M | ﹤0.01% |
1,144,616
+73,447
| +7% | +$1.6M |
|
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.