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 | |
|---|---|---|---|---|---|---|
151
Freeport-McMoran
FCX
$91.2B
| $984M | 0.12% |
26,442,516
+461,763
| +2% | +$18.6M |
|
152
Paychex
PAYX
$41.4B
| $982M | 0.12% |
8,516,924
+206,281
| +2% | +$24.9M |
|
153
US Bancorp
USB
$98B
| $964M | 0.11% |
29,215,963
+3,309,066
| +13% | +$121M |
|
154
Microchip Technology
MCHP
$40.7B
| $958M | 0.11% |
12,288,660
+232,209
| +2% | +$19.4M |
|
155
Autodesk
ADSK
$49.6B
| $957M | 0.11% |
4,631,428
+117,509
| +3% | +$24.7M |
|
156
Marriott International
MAR
$99B
| $954M | 0.11% |
4,867,707
-37,331
| -0.8% | -$7.42M |
|
157
NXP Semiconductors
NXPI
$61.8B
| $953M | 0.11% |
4,777,819
+57,681
| +1% | +$11.9M |
|
158
Target
TGT
$65.6B
| $951M | 0.11% |
8,621,759
+178,479
| +2% | +$22.7M |
|
159
Valero Energy
VLO
$92.6B
| $941M | 0.11% |
6,644,893
-8,569
| -0.1% | -$1.12M |
|
160
Chipotle Mexican Grill
CMG
$49.4B
| $936M | 0.11% |
25,621,850
+518,400
| +2% | +$20.2M |
|
161
Williams Companies
WMB
$86.7B
| $932M | 0.11% |
27,706,835
+557,313
| +2% | +$19M |
|
162
HCA Healthcare
HCA
$85.7B
| $931M | 0.11% |
3,794,406
-6,422
| -0.2% | -$1.76M |
|
163
Moody's
MCO
$83.5B
| $927M | 0.11% |
2,937,978
+70,265
| +2% | +$23.9M |
|
164
PNC Financial Services
PNC
$99.2B
| $921M | 0.11% |
7,523,241
+153,687
| +2% | +$19.3M |
|
165
Simon Property Group
SPG
$74.7B
| $921M | 0.11% |
8,538,503
+895,282
| +12% | +$105M |
|
166
Ford
F
$59.3B
| $917M | 0.11% |
73,994,631
+1,683,583
| +2% | +$21.9M |
|
167
Aflac
AFL
$64.8B
| $917M | 0.11% |
11,972,797
+53,867
| +0.5% | +$4M |
|
|
HES
168
DELISTED
Hess
HES
| $907M | 0.11% |
5,941,613
+99,909
| +2% | +$15M |
|
169
Digital Realty Trust
DLR
$71.5B
| $906M | 0.11% |
7,496,745
+384,657
| +5% | +$47.2M |
|
170
Idexx Laboratories
IDXX
$44.1B
| $901M | 0.11% |
2,064,139
+51,140
| +3% | +$25.5M |
|
171
Motorola Solutions
MSI
$71.5B
| $896M | 0.11% |
3,298,809
+73,763
| +2% | +$21M |
|
172
ON Semiconductor
ON
$32.6B
| $893M | 0.11% |
9,622,605
+158,808
| +2% | +$15.4M |
|
173
Verisk Analytics
VRSK
$26.1B
| $891M | 0.11% |
3,774,857
+67,655
| +2% | +$15.9M |
|
174
Charter Communications
CHTR
$16.9B
| $884M | 0.11% |
2,013,451
+9,202
| +0.5% | +$3.83M |
|
175
Crown Castle
CCI
$33.4B
| $877M | 0.1% |
9,553,613
+219,116
| +2% | +$22.7M |
|
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.