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 | |
|---|---|---|---|---|---|---|
1901
Intapp
INTA
$2.57B
| $17.7M | ﹤0.01% |
526,518
+122,665
| +30% | +$4.48M |
|
1902
Southside Bancshares
SBSI
$972M
| $17.6M | ﹤0.01% |
613,349
+19,060
| +3% | +$568K |
|
|
MODN
1903
DELISTED
MODEL N, INC.
MODN
| $17.6M | ﹤0.01% |
720,449
+25,725
| +4% | +$764K |
|
1904
WisdomTree
WT
$3.21B
| $17.6M | ﹤0.01% |
2,510,675
+106,767
| +4% | +$747K |
|
1905
Benchmark Electronics
BHE
$2.91B
| $17.6M | ﹤0.01% |
723,827
+29,585
| +4% | +$751K |
|
|
RDFN
1906
DELISTED
Redfin
RDFN
| $17.5M | ﹤0.01% |
2,492,427
+139,853
| +6% | +$1.54M |
|
1907
indie Semiconductor
INDI
$716M
| $17.5M | ﹤0.01% |
2,784,845
+486,434
| +21% | +$3.76M |
|
|
TGH
1908
DELISTED
Textainer Group Holdings limited
TGH
| $17.5M | ﹤0.01% |
469,405
+14,627
| +3% | +$585K |
|
|
MRC
1909
DELISTED
MRC Global
MRC
| $17.4M | ﹤0.01% |
1,696,923
+58,252
| +4% | +$585K |
|
1910
AdaptHealth
AHCO
$1.47B
| $17.4M | ﹤0.01% |
1,908,278
+327,710
| +21% | +$3.93M |
|
|
ADAM
1911
Adamas Trust
ADAM
$848M
| $17.4M | ﹤0.01% |
2,043,959
+13,260
| +0.7% | +$125K |
|
1912
Cerence
CRNC
$403M
| $17.3M | ﹤0.01% |
850,770
+24,799
| +3% | +$623K |
|
1913
SunCoke Energy
SXC
$714M
| $17.3M | ﹤0.01% |
1,704,775
+52,293
| +3% | +$473K |
|
1914
Replimune Group
REPL
$1B
| $17.3M | ﹤0.01% |
1,008,343
+207,515
| +26% | +$4.08M |
|
|
CHCT
1915
Community Healthcare Trust
CHCT
$522M
| $17.2M | ﹤0.01% |
580,537
+23,791
| +4% | +$798K |
|
1916
Navitas Semiconductor
NVTS
$3.01B
| $17.2M | ﹤0.01% |
2,480,596
+536,369
| +28% | +$4.75M |
|
|
EFC
1917
Ellington Financial
EFC
$1.67B
| $17.2M | ﹤0.01% |
1,377,111
+99,791
| +8% | +$1.33M |
|
|
BRSP
1918
BrightSpire Capital
BRSP
$649M
| $17.2M | ﹤0.01% |
2,742,454
+110,081
| +4% | +$754K |
|
1919
Origin Bancorp
OBK
$1.69B
| $17.2M | ﹤0.01% |
594,628
+22,338
| +4% | +$682K |
|
1920
Schneider National
SNDR
$6.11B
| $17.2M | ﹤0.01% |
619,387
+16,433
| +3% | +$478K |
|
1921
Gildan
GIL
$10.2B
| $17.1M | ﹤0.01% |
614,274
+10,478
| +2% | +$314K |
|
1922
National Healthcare
NHC
$3.48B
| $17.1M | ﹤0.01% |
267,421
+8,583
| +3% | +$550K |
|
|
INFN
1923
DELISTED
Infinera Corporation Common Stock
INFN
| $17.1M | ﹤0.01% |
4,092,016
+93,960
| +2% | +$406K |
|
1924
Camping World
CWH
$694M
| $17.1M | ﹤0.01% |
835,946
+33,083
| +4% | +$872K |
|
1925
AdvanSix
ASIX
$542M
| $17.1M | ﹤0.01% |
548,712
+18,936
| +4% | +$657K |
|
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.