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 | |
|---|---|---|---|---|---|---|
1876
Globalstar
GSAT
$10.8B
| $18.3M | ﹤0.01% |
932,487
+30,734
| +3% | +$551K |
|
1877
Metallus
MTUS
$851M
| $18.3M | ﹤0.01% |
841,653
+28,764
| +4% | +$627K |
|
1878
Ardelyx
ARDX
$1.23B
| $18.2M | ﹤0.01% |
4,457,432
+241,266
| +6% | +$941K |
|
1879
Mirum Pharmaceuticals
MIRM
$6.38B
| $18.2M | ﹤0.01% |
575,080
+49,518
| +9% | +$1.36M |
|
|
PGRE
1880
DELISTED
Paramount Group
PGRE
| $18.1M | ﹤0.01% |
3,917,556
+119,083
| +3% | +$588K |
|
|
ESMT
1881
DELISTED
EngageSmart, Inc.
ESMT
| $18.1M | ﹤0.01% |
1,005,795
+186,250
| +23% | +$3.32M |
|
1882
Phinia Inc
PHIN
$2.86B
| $18.1M | ﹤0.01% |
+675,338
| New | +$18.7M |
|
|
BBT
1883
Beacon Financial Corp
BBT
$2.69B
| $18.1M | ﹤0.01% |
902,090
+35,805
| +4% | +$767K |
|
|
UDMY
1884
DELISTED
Udemy
UDMY
| $18.1M | ﹤0.01% |
1,901,476
+277,703
| +17% | +$2.91M |
|
1885
AvePoint
AVPT
$2.83B
| $18.1M | ﹤0.01% |
2,687,225
+135,530
| +5% | +$854K |
|
1886
Peoples Bancorp
PEBO
$1.5B
| $18M | ﹤0.01% |
708,685
+36,176
| +5% | +$961K |
|
1887
Amylyx Pharmaceuticals
AMLX
$2.24B
| $18M | ﹤0.01% |
982,068
+44,071
| +5% | +$932K |
|
1888
Sally Beauty Holdings
SBH
$1.54B
| $18M | ﹤0.01% |
2,144,122
+74,881
| +4% | +$795K |
|
|
CCRN
1889
DELISTED
Cross Country Healthcare
CCRN
| $18M | ﹤0.01% |
724,251
+23,289
| +3% | +$586K |
|
1890
N-able
NABL
$953M
| $17.9M | ﹤0.01% |
1,390,591
+62,755
| +5% | +$855K |
|
|
DMC
1891
Del Monte Corp
DMC
$1.43B
| $17.9M | ﹤0.01% |
693,686
+56,726
| +9% | +$1.48M |
|
1892
Pan American Silver
PAAS
$18.4B
| $17.9M | ﹤0.01% |
1,245,698
+39,107
| +3% | +$612K |
|
1893
Monarch Casino & Resort
MCRI
$2.24B
| $17.9M | ﹤0.01% |
288,451
+10,035
| +4% | +$676K |
|
|
BDN
1894
Brandywine Realty Trust
BDN
$541M
| $17.9M | ﹤0.01% |
3,939,704
+118,996
| +3% | +$567K |
|
1895
ACM Research
ACMR
$5.43B
| $17.8M | ﹤0.01% |
985,474
+66,436
| +7% | +$988K |
|
1896
PagSeguro Digital
PAGS
$2.68B
| $17.8M | ﹤0.01% |
2,069,839
+122,073
| +6% | +$1.15M |
|
|
MORF
1897
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $17.8M | ﹤0.01% |
777,169
+115,030
| +17% | +$6.04M |
|
|
SAFE
1898
Safehold
SAFE
$1.18B
| $17.7M | ﹤0.01% |
996,042
+226,289
| +29% | +$4.89M |
|
1899
MiMedx Group
MDXG
$622M
| $17.7M | ﹤0.01% |
2,428,344
+97,067
| +4% | +$723K |
|
1900
Medifast
MED
$108M
| $17.7M | ﹤0.01% |
236,090
+9,713
| +4% | +$862K |
|
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.