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 | |
|---|---|---|---|---|---|---|
1801
The GEO Group
GEO
$4.19B
| $20.5M | ﹤0.01% |
2,511,765
+110,208
| +5% | +$806K |
|
1802
Fluence Energy
FLNC
$1.93B
| $20.5M | ﹤0.01% |
892,558
+59,819
| +7% | +$1.54M |
|
1803
FB Financial Corp
FBK
$3.05B
| $20.5M | ﹤0.01% |
723,314
+27,346
| +4% | +$849K |
|
1804
Enact Holdings
ACT
$6.68B
| $20.5M | ﹤0.01% |
751,907
+30,477
| +4% | +$847K |
|
|
WNS
1805
DELISTED
WNS Holdings
WNS
| $20.4M | ﹤0.01% |
298,427
+14,188
| +5% | +$959K |
|
|
RVNC
1806
DELISTED
Revance Therapeutics, Inc.
RVNC
| $20.4M | ﹤0.01% |
1,780,277
+84,767
| +5% | +$1.63M |
|
1807
ProPetro Holding
PUMP
$1.37B
| $20.4M | ﹤0.01% |
1,917,414
+15,535
| +0.8% | +$154K |
|
1808
Caleres
CAL
$470M
| $20.4M | ﹤0.01% |
707,747
+15,301
| +2% | +$406K |
|
|
RPT
1809
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $20.3M | ﹤0.01% |
1,919,714
+22,507
| +1% | +$241K |
|
1810
Leonardo DRS
DRS
$12.2B
| $20.2M | ﹤0.01% |
1,209,193
+62,388
| +5% | +$1.05M |
|
1811
Magnite
MGNI
$2.8B
| $20.2M | ﹤0.01% |
2,672,981
+110,865
| +4% | +$1.2M |
|
1812
Kanzhun
BZ
$7.36B
| $20.2M | ﹤0.01% |
1,334,556
+234,644
| +21% | +$3.68M |
|
1813
CVR Energy
CVI
$3.31B
| $20.1M | ﹤0.01% |
590,807
+18,836
| +3% | +$643K |
|
|
MFA
1814
MFA Financial
MFA
$931M
| $20.1M | ﹤0.01% |
2,088,746
+166,263
| +9% | +$1.8M |
|
1815
Customers Bancorp
CUBI
$2.72B
| $20.1M | ﹤0.01% |
582,035
+9,411
| +2% | +$340K |
|
1816
Wabash National
WNC
$508M
| $20M | ﹤0.01% |
949,069
+33,661
| +4% | +$774K |
|
|
SASR
1817
DELISTED
Sandy Spring Bancorp Inc
SASR
| $20M | ﹤0.01% |
935,286
+17,184
| +2% | +$393K |
|
1818
Monro
MNRO
$399M
| $20M | ﹤0.01% |
720,505
+22,965
| +3% | +$792K |
|
|
ETNB
1819
DELISTED
89bio
ETNB
| $20M | ﹤0.01% |
1,293,988
+116,999
| +10% | +$1.96M |
|
|
AVTA
1820
DELISTED
Avantax, Inc. Common Stock
AVTA
| $20M | ﹤0.01% |
780,556
+739
| +0.1% | +$17.5K |
|
1821
John B. Sanfilippo & Son
JBSS
$993M
| $20M | ﹤0.01% |
202,089
+6,944
| +4% | +$730K |
|
|
ARGO
1822
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $20M | ﹤0.01% |
669,062
+15,979
| +2% | +$475K |
|
|
ARR
1823
Armour Residential REIT
ARR
$2.31B
| $19.9M | ﹤0.01% |
947,296
+187,306
| +25% | +$4.61M |
|
1824
TAL Education Group
TAL
$6.7B
| $19.9M | ﹤0.01% |
2,198,857
-1,040,343
| -32% | -$7.3M |
|
1825
Sturm, Ruger & Co
RGR
$616M
| $19.9M | ﹤0.01% |
381,470
+12,843
| +3% | +$675K |
|
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.