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
|
+$1.09B |
| 2 |
Apple
AAPL
|
+$871M |
| 3 |
Uber
UBER
|
+$867M |
| 4 |
NVIDIA
NVDA
|
+$687M |
| 5 |
Amazon
AMZN
|
+$649M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$1.52B |
| 2 |
Danaher
DHR
|
+$540M |
| 3 |
VMW
VMware, Inc
VMW
|
+$474M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$450M |
| 5 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$388M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.83% |
| 2 | Financials | 12.77% |
| 3 | Healthcare | 12.47% |
| 4 | Consumer Discretionary | 11% |
| 5 | Industrials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
LegalZoom.com
LZ
$1.35B
| $29.7M | ﹤0.01% |
2,630,325
+385,247
| +17% | +$4.19M |
|
|
UDMY
1677
DELISTED
Udemy
UDMY
| $29.7M | ﹤0.01% |
2,014,110
+112,634
| +6% | +$1.4M |
|
1678
National Bank Holdings
NBHC
$1.92B
| $29.6M | ﹤0.01% |
796,891
+35,766
| +5% | +$1.18M |
|
1679
Xometry
XMTR
$4.74B
| $29.6M | ﹤0.01% |
823,953
+39,363
| +5% | +$844K |
|
1680
PROG Holdings
PRG
$1.75B
| $29.5M | ﹤0.01% |
953,824
+13,326
| +1% | +$391K |
|
1681
Oscar Health
OSCR
$9.41B
| $29.4M | ﹤0.01% |
3,207,569
+201,706
| +7% | +$1.39M |
|
1682
Adeia
ADEA
$2.94B
| $29.3M | ﹤0.01% |
2,363,524
+117,314
| +5% | +$1.13M |
|
1683
US Physical Therapy
USPH
$1.2B
| $29.3M | ﹤0.01% |
314,358
+17,417
| +6% | +$1.53M |
|
|
SOVO
1684
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $29.2M | ﹤0.01% |
1,325,689
+91,469
| +7% | +$2.01M |
|
|
VRE
1685
DELISTED
Veris Residential
VRE
| $29.2M | ﹤0.01% |
1,854,638
+84,852
| +5% | +$1.26M |
|
|
TWO
1686
Two Harbors Investment
TWO
$1.27B
| $29.2M | ﹤0.01% |
2,093,862
+94,862
| +5% | +$1.23M |
|
1687
Globalstar
GSAT
$10.7B
| $29.2M | ﹤0.01% |
1,001,612
+69,125
| +7% | +$1.52M |
|
1688
The Greenbrier Companies
GBX
$1.52B
| $29.1M | ﹤0.01% |
659,080
+28,927
| +5% | +$1.13M |
|
|
JWN
1689
DELISTED
Nordstrom
JWN
| $29.1M | ﹤0.01% |
1,577,951
+30,409
| +2% | +$467K |
|
1690
Virtu Financial
VIRT
$5.11B
| $29.1M | ﹤0.01% |
1,436,942
+15,452
| +1% | +$285K |
|
1691
Chewy
CHWY
$9.25B
| $29.1M | ﹤0.01% |
1,230,347
+82,346
| +7% | +$1.62M |
|
1692
World Kinect Corp
WKC
$2.04B
| $29.1M | ﹤0.01% |
1,275,197
+32,103
| +3% | +$675K |
|
|
HPP
1693
Hudson Pacific Properties
HPP
$747M
| $28.8M | ﹤0.01% |
442,531
+16,063
| +4% | +$708K |
|
1694
First Busey Corp
BUSE
$2.57B
| $28.8M | ﹤0.01% |
1,161,322
+55,193
| +5% | +$1.18M |
|
|
AGNT
1695
AGNT Inc
AGNT
$666M
| $28.8M | ﹤0.01% |
1,854,393
+88,477
| +5% | +$1.24M |
|
1696
Provident Financial Services
PFS
$3.22B
| $28.8M | ﹤0.01% |
1,596,734
+76,130
| +5% | +$1.19M |
|
1697
Horace Mann Educators
HMN
$2.1B
| $28.7M | ﹤0.01% |
878,770
+42,099
| +5% | +$1.35M |
|
1698
Nelnet
NNI
$4.88B
| $28.7M | ﹤0.01% |
325,422
-3,285
| -1% | -$284K |
|
1699
Protagonist Therapeutics
PTGX
$8.79B
| $28.6M | ﹤0.01% |
1,248,284
+67,028
| +6% | +$1.17M |
|
1700
Green Brick Partners
GRBK
$3.04B
| $28.6M | ﹤0.01% |
550,970
+22,653
| +4% | +$1.03M |
|
Similar funds
Geode Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Geode Capital Management held 4,831 positions worth $956B, up 14% from $840B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Geode Capital Management's Q4 2023 filing shows 71 new, 3,576 increased, 304 reduced and 178 closed positions. Its largest new stake was NCR Atleos: 993,462 shares worth $24.2M. The largest sale was Activision Blizzard, an estimated $1.52B.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2023 buy was NCR Atleos: 993,462 shares worth $24.2M.
- Geode Capital Management added most to Microsoft in Q4 2023, an estimated $1.09B increase.
- Geode Capital Management's biggest Q4 2023 reduction was Danaher, cutting an estimated $540M.
- Geode Capital Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.52B.
- Geode Capital Management's ten largest holdings make up 26% of its $956B portfolio in Q4 2023.
- Geode Capital Management opened 71 new positions and closed 178 in Q4 2023.
- Geode Capital Management's portfolio value rose 14% quarter-over-quarter to $956B.
Based on Geode Capital Management's 13F filing for Q4 2023, filed 13 Feb 2024.