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 | |
|---|---|---|---|---|---|---|
1751
Nabors Industries
NBR
$1.25B
| $22.3M | ﹤0.01% |
181,443
+5,302
| +3% | +$616K |
|
1752
Buckle
BKE
$2.37B
| $22.3M | ﹤0.01% |
669,059
+33,127
| +5% | +$1.16M |
|
1753
Winmark
WINA
$1.25B
| $22.3M | ﹤0.01% |
59,860
+3,107
| +5% | +$1.13M |
|
|
KLG
1754
DELISTED
WK Kellogg Co
KLG
| $22.3M | ﹤0.01% |
+1,523,670
| New | +$24.2M |
|
|
AAT
1755
American Assets Trust
AAT
$1.47B
| $22.2M | ﹤0.01% |
1,143,754
+13,247
| +1% | +$278K |
|
1756
S&T Bancorp
STBA
$1.85B
| $22.2M | ﹤0.01% |
820,917
+28,711
| +4% | +$829K |
|
1757
G-III Apparel Group
GIII
$1.54B
| $22.1M | ﹤0.01% |
887,799
+22,119
| +3% | +$472K |
|
1758
Sweetgreen
SG
$703M
| $22.1M | ﹤0.01% |
1,882,275
+207,403
| +12% | +$2.89M |
|
1759
Central Garden & Pet Co Class A
CENTA
$2.39B
| $22.1M | ﹤0.01% |
689,215
+36,954
| +6% | +$1.18M |
|
1760
TriCo Bancshares
TCBK
$1.85B
| $22.1M | ﹤0.01% |
688,924
+23,054
| +3% | +$808K |
|
|
DISH
1761
DELISTED
DISH Network Corp.
DISH
| $22M | ﹤0.01% |
3,759,400
-49,694
| -1% | -$339K |
|
1762
ChargePoint
CHPT
$143M
| $22M | ﹤0.01% |
221,065
+23,944
| +12% | +$3.47M |
|
1763
Green Brick Partners
GRBK
$3.09B
| $21.9M | ﹤0.01% |
528,317
+9,921
| +2% | +$496K |
|
|
AIV
1764
Aimco
AIV
$387M
| $21.8M | ﹤0.01% |
3,210,779
-141,367
| -4% | -$1.12M |
|
1765
TriMas Corp
TRS
$1.45B
| $21.8M | ﹤0.01% |
880,948
+32,109
| +4% | +$834K |
|
|
SLCA
1766
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $21.8M | ﹤0.01% |
1,552,220
+63,177
| +4% | +$826K |
|
1767
Trupanion
TRUP
$1.09B
| $21.8M | ﹤0.01% |
772,748
+12,502
| +2% | +$355K |
|
|
NOVA
1768
DELISTED
Sunnova Energy
NOVA
| $21.8M | ﹤0.01% |
2,081,132
+89,509
| +4% | +$1.4M |
|
1769
Employers Holdings
EIG
$910M
| $21.8M | ﹤0.01% |
544,706
+14,018
| +3% | +$542K |
|
1770
Apogee Enterprises
APOG
$876M
| $21.6M | ﹤0.01% |
459,311
+13,741
| +3% | +$668K |
|
1771
Cars.com
CARS
$676M
| $21.6M | ﹤0.01% |
1,281,962
+43,948
| +4% | +$859K |
|
1772
Iovance Biotherapeutics
IOVA
$1.93B
| $21.6M | ﹤0.01% |
4,749,411
+611,049
| +15% | +$3.99M |
|
1773
Pediatrix Medical
MD
$2.16B
| $21.6M | ﹤0.01% |
1,699,004
+67,644
| +4% | +$928K |
|
|
1774
Central Garden & Pet Co
CENT
$2.72B
| $21.6M | ﹤0.01% |
610,634
-6,614
| -1% | -$227K |
|
1775
Safety Insurance
SAFT
$1.51B
| $21.5M | ﹤0.01% |
314,764
+9,024
| +3% | +$628K |
|
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.