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 | |
|---|---|---|---|---|---|---|
1726
Provident Financial Services
PFS
$3.29B
| $23.3M | ﹤0.01% |
1,520,604
+58,775
| +4% | +$995K |
|
1727
Malibu Boats
MBUU
$551M
| $23.2M | ﹤0.01% |
473,625
+19,214
| +4% | +$1.03M |
|
1728
Brown-Forman Class A
BF.A
$13B
| $23.2M | ﹤0.01% |
399,147
+18,471
| +5% | +$1.25M |
|
1729
Nu Skin
NUS
$252M
| $23.2M | ﹤0.01% |
1,091,840
+40,687
| +4% | +$1.06M |
|
|
JWN
1730
DELISTED
Nordstrom
JWN
| $23.1M | ﹤0.01% |
1,547,542
-108,254
| -7% | -$1.99M |
|
1731
Weis Markets
WMK
$1.93B
| $23.1M | ﹤0.01% |
366,720
+12,350
| +3% | +$806K |
|
1732
AZZ Inc
AZZ
$4.47B
| $23.1M | ﹤0.01% |
506,838
+18,913
| +4% | +$866K |
|
1733
JELD-WEN Holding
JELD
$121M
| $23.1M | ﹤0.01% |
1,729,168
+58,016
| +3% | +$909K |
|
1734
Scholastic
SCHL
$778M
| $23M | ﹤0.01% |
604,103
+5,976
| +1% | +$248K |
|
1735
Stock Yards Bancorp
SYBT
$2.63B
| $23M | ﹤0.01% |
584,553
+5,162
| +0.9% | +$234K |
|
1736
Astec Industries
ASTE
$1.21B
| $22.9M | ﹤0.01% |
486,972
+17,192
| +4% | +$849K |
|
|
EVRI
1737
DELISTED
Everi Holdings
EVRI
| $22.9M | ﹤0.01% |
1,733,758
+59,778
| +4% | +$850K |
|
|
NKLA
1738
DELISTED
Nikola Corporation Common Stock
NKLA
| $22.8M | ﹤0.01% |
484,476
+96,922
| +25% | +$5.04M |
|
1739
MannKind Corp
MNKD
$1.18B
| $22.8M | ﹤0.01% |
5,514,980
+180,441
| +3% | +$811K |
|
|
SAGE
1740
DELISTED
Sage Therapeutics
SAGE
| $22.8M | ﹤0.01% |
1,105,513
+37,968
| +4% | +$1.1M |
|
|
FBRT
1741
Franklin BSP Realty Trust
FBRT
$637M
| $22.7M | ﹤0.01% |
1,714,557
+74,589
| +5% | +$1.04M |
|
1742
Alphatec Holdings
ATEC
$1.56B
| $22.7M | ﹤0.01% |
1,748,779
+116,413
| +7% | +$1.82M |
|
1743
National Bank Holdings
NBHC
$1.93B
| $22.7M | ﹤0.01% |
761,125
+28,532
| +4% | +$914K |
|
1744
Core Laboratories
CLB
$489M
| $22.6M | ﹤0.01% |
941,914
+48,636
| +5% | +$1.19M |
|
|
CIR
1745
DELISTED
CIRCOR International, Inc
CIR
| $22.6M | ﹤0.01% |
405,554
+34,538
| +9% | +$1.93M |
|
|
JAMF
1746
DELISTED
Jamf
JAMF
| $22.6M | ﹤0.01% |
1,279,290
+63,330
| +5% | +$1.17M |
|
1747
Harmonic Inc
HLIT
$1.27B
| $22.5M | ﹤0.01% |
2,341,152
+86,800
| +4% | +$1.03M |
|
1748
Viking Therapeutics
VKTX
$3.8B
| $22.4M | ﹤0.01% |
2,026,788
+180,349
| +10% | +$2.58M |
|
|
PMT
1749
PennyMac Mortgage Investment
PMT
$830M
| $22.4M | ﹤0.01% |
1,807,607
+70,264
| +4% | +$920K |
|
1750
Hope Bancorp
HOPE
$1.82B
| $22.4M | ﹤0.01% |
2,531,040
+102,966
| +4% | +$983K |
|
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.