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
|
+$1.09B |
| 2 |
Apple
AAPL
|
+$871M |
| 3 |
Uber
UBER
|
+$867M |
| 4 |
NVIDIA
NVDA
|
+$687M |
| 5 |
Amazon
AMZN
|
+$649M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$1.52B |
| 2 |
Danaher
DHR
|
+$540M |
| 3 |
VMW
VMware, Inc
VMW
|
+$474M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$450M |
| 5 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$388M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.83% |
| 2 | Financials | 12.77% |
| 3 | Healthcare | 12.47% |
| 4 | Consumer Discretionary | 11% |
| 5 | Industrials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1901
Merchants Bancorp
MBIN
$2.56B
| $20.7M | ﹤0.01% |
487,009
+18,539
| +4% | +$609K |
|
1902
SiriusPoint
SPNT
$2.75B
| $20.7M | ﹤0.01% |
1,787,031
-52,113
| -3% | -$549K |
|
1903
First Advantage
FA
$3.5B
| $20.7M | ﹤0.01% |
1,248,879
+36,157
| +3% | +$529K |
|
|
MODN
1904
DELISTED
MODEL N, INC.
MODN
| $20.7M | ﹤0.01% |
767,755
+47,306
| +7% | +$1.14M |
|
|
INFN
1905
DELISTED
Infinera Corporation Common Stock
INFN
| $20.7M | ﹤0.01% |
4,352,018
+260,002
| +6% | +$1.02M |
|
1906
Nu Skin
NUS
$251M
| $20.7M | ﹤0.01% |
1,064,233
-27,607
| -3% | -$509K |
|
|
DHC
1907
Diversified Healthcare Trust
DHC
$2.13B
| $20.6M | ﹤0.01% |
5,512,025
+174,279
| +3% | +$410K |
|
1908
Metallus
MTUS
$851M
| $20.6M | ﹤0.01% |
877,080
+35,427
| +4% | +$743K |
|
|
HAPN
1909
Happen Inc
HAPN
$2.36B
| $20.6M | ﹤0.01% |
2,351,243
+152,462
| +7% | +$958K |
|
1910
CVR Energy
CVI
$3.31B
| $20.5M | ﹤0.01% |
676,718
+85,911
| +15% | +$2.72M |
|
1911
United Natural Foods
UNFI
$2.87B
| $20.5M | ﹤0.01% |
1,260,687
+65,549
| +5% | +$997K |
|
|
AHRT
1912
AH Realty Trust
AHRT
$527M
| $20.4M | ﹤0.01% |
1,649,397
+61,121
| +4% | +$674K |
|
|
HOUS
1913
DELISTED
Anywhere Real Estate
HOUS
| $20.4M | ﹤0.01% |
2,515,633
+111,789
| +5% | +$634K |
|
1914
ACM Research
ACMR
$5.43B
| $20.3M | ﹤0.01% |
1,039,783
+54,309
| +6% | +$950K |
|
1915
AMC Entertainment Holdings
AMC
$2.54B
| $20.3M | ﹤0.01% |
3,317,259
+2,532,136
| +323% | +$20.6M |
|
1916
Keros Therapeutics
KROS
$200M
| $20.3M | ﹤0.01% |
510,211
+24,210
| +5% | +$759K |
|
|
EVRI
1917
DELISTED
Everi Holdings
EVRI
| $20.3M | ﹤0.01% |
1,799,707
+65,949
| +4% | +$744K |
|
1918
1st Source
SRCE
$2.18B
| $20.3M | ﹤0.01% |
368,628
+14,374
| +4% | +$689K |
|
1919
Deluxe
DLX
$1.23B
| $20.3M | ﹤0.01% |
944,235
+49,817
| +6% | +$928K |
|
|
ARR
1920
Armour Residential REIT
ARR
$2.31B
| $20.2M | ﹤0.01% |
1,044,952
+97,656
| +10% | +$1.72M |
|
1921
Skyward Specialty Insurance
SKWD
$2.47B
| $20.2M | ﹤0.01% |
594,774
+69,819
| +13% | +$2.15M |
|
1922
Mirum Pharmaceuticals
MIRM
$6.38B
| $20.1M | ﹤0.01% |
681,180
+106,100
| +18% | +$3.21M |
|
1923
Ecovyst
ECVT
$1.32B
| $20.1M | ﹤0.01% |
2,056,408
+77,245
| +4% | +$735K |
|
1924
Transcat
TRNS
$838M
| $20M | ﹤0.01% |
183,037
+26,374
| +17% | +$2.54M |
|
1925
Digi International
DGII
$2.65B
| $20M | ﹤0.01% |
768,478
+40,002
| +5% | +$993K |
|
Similar funds
Geode Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Geode Capital Management held 4,831 positions worth $956B, up 14% from $840B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Geode Capital Management's Q4 2023 filing shows 71 new, 3,576 increased, 304 reduced and 178 closed positions. Its largest new stake was NCR Atleos: 993,462 shares worth $24.2M. The largest sale was Activision Blizzard, an estimated $1.52B.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2023 buy was NCR Atleos: 993,462 shares worth $24.2M.
- Geode Capital Management added most to Microsoft in Q4 2023, an estimated $1.09B increase.
- Geode Capital Management's biggest Q4 2023 reduction was Danaher, cutting an estimated $540M.
- Geode Capital Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.52B.
- Geode Capital Management's ten largest holdings make up 26% of its $956B portfolio in Q4 2023.
- Geode Capital Management opened 71 new positions and closed 178 in Q4 2023.
- Geode Capital Management's portfolio value rose 14% quarter-over-quarter to $956B.
Based on Geode Capital Management's 13F filing for Q4 2023, filed 13 Feb 2024.