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 | |
|---|---|---|---|---|---|---|
1776
Shenandoah Telecom
SHEN
$689M
| $21.5M | ﹤0.01% |
1,041,354
+51,497
| +5% | +$1.05M |
|
|
IRBT
1777
DELISTED
iRobot
IRBT
| $21.5M | ﹤0.01% |
566,266
+19,258
| +4% | +$773K |
|
1778
Leslie's
LESL
$10.1M
| $21.4M | ﹤0.01% |
188,672
+20,904
| +12% | +$2.74M |
|
|
ZUO
1779
DELISTED
Zuora, Inc.
ZUO
| $21.3M | ﹤0.01% |
2,587,210
+183,036
| +8% | +$1.8M |
|
1780
Hawaiian Electric Industries
HE
$2.19B
| $21.3M | ﹤0.01% |
1,726,992
+9,859
| +0.6% | +$240K |
|
1781
First Busey Corp
BUSE
$2.6B
| $21.3M | ﹤0.01% |
1,106,129
+48,738
| +5% | +$1.01M |
|
|
NWLI
1782
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $21.2M | ﹤0.01% |
48,561
+525
| +1% | +$231K |
|
|
SCS
1783
DELISTED
Steelcase
SCS
| $21.2M | ﹤0.01% |
1,901,477
+121,453
| +7% | +$1.06M |
|
1784
Geron
GERN
$821M
| $21.2M | ﹤0.01% |
10,012,902
+697,504
| +7% | +$1.89M |
|
1785
PAR Technology
PAR
$715M
| $21.2M | ﹤0.01% |
550,164
+18,430
| +3% | +$697K |
|
1786
Columbus McKinnon
CMCO
$580M
| $21.2M | ﹤0.01% |
607,132
+21,947
| +4% | +$837K |
|
1787
Ligand Pharmaceuticals
LGND
$5.85B
| $21.1M | ﹤0.01% |
352,621
+11,008
| +3% | +$725K |
|
1788
Warby Parker
WRBY
$3.47B
| $21.1M | ﹤0.01% |
1,602,595
+186,145
| +13% | +$2.42M |
|
1789
Chegg
CHGG
$114M
| $21M | ﹤0.01% |
2,351,678
+33,291
| +1% | +$325K |
|
|
STEL
1790
DELISTED
Stellar Bancorp
STEL
| $21M | ﹤0.01% |
983,613
+52,992
| +6% | +$1.21M |
|
1791
A10 Networks
ATEN
$2.16B
| $20.9M | ﹤0.01% |
1,392,985
+74,480
| +6% | +$1.1M |
|
1792
Chewy
CHWY
$9.4B
| $20.9M | ﹤0.01% |
1,148,001
+208,734
| +22% | +$5.97M |
|
|
VBTX
1793
DELISTED
Veritex Holdings
VBTX
| $20.9M | ﹤0.01% |
1,161,971
+40,962
| +4% | +$790K |
|
1794
PDF Solutions
PDFS
$2.01B
| $20.8M | ﹤0.01% |
642,893
+31,346
| +5% | +$1.2M |
|
1795
Arvinas
ARVN
$520M
| $20.8M | ﹤0.01% |
1,057,390
+62,416
| +6% | +$1.53M |
|
1796
Tandem Diabetes Care
TNDM
$1.38B
| $20.8M | ﹤0.01% |
999,311
+25,959
| +3% | +$713K |
|
1797
Gates Industrial Corporation Ltd.
GTES
$7.44B
| $20.7M | ﹤0.01% |
1,779,711
+49,047
| +3% | +$610K |
|
|
PRA
1798
DELISTED
ProAssurance
PRA
| $20.6M | ﹤0.01% |
1,092,832
+38,677
| +4% | +$669K |
|
1799
Comstock Resources
CRK
$3.94B
| $20.6M | ﹤0.01% |
1,870,674
+61,069
| +3% | +$720K |
|
|
CSR
1800
Centerspace
CSR
$932M
| $20.6M | ﹤0.01% |
341,583
+10,495
| +3% | +$656K |
|
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.