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 | |
|---|---|---|---|---|---|---|
1951
Vita Coco
COCO
$3.67B
| $16.4M | ﹤0.01% |
630,384
+89,862
| +17% | +$2.4M |
|
1952
Koppers
KOP
$976M
| $16.4M | ﹤0.01% |
414,515
+15,714
| +4% | +$595K |
|
|
WW
1953
DELISTED
WW International
WW
| $16.4M | ﹤0.01% |
1,479,096
+239,712
| +19% | +$2.36M |
|
1954
Powell Industries
POWL
$8B
| $16.3M | ﹤0.01% |
588,792
+32,343
| +6% | +$802K |
|
|
AHRT
1955
AH Realty Trust
AHRT
$527M
| $16.3M | ﹤0.01% |
1,588,276
+72,560
| +5% | +$842K |
|
|
ONT
1956
Onterris Inc
ONT
$795M
| $16.2M | ﹤0.01% |
553,963
+20,522
| +4% | +$780K |
|
1957
SSR Mining
SSRM
$5.6B
| $16.2M | ﹤0.01% |
1,217,793
+21,974
| +2% | +$318K |
|
|
PDM
1958
Piedmont Realty Trust
PDM
$1.24B
| $16.2M | ﹤0.01% |
2,876,310
+109,138
| +4% | +$749K |
|
|
SPTN
1959
DELISTED
SpartanNash
SPTN
| $16.1M | ﹤0.01% |
731,925
+20,734
| +3% | +$457K |
|
1960
Cogent Biosciences
COGT
$6.64B
| $16.1M | ﹤0.01% |
1,647,246
+136,952
| +9% | +$1.62M |
|
|
ETWO
1961
DELISTED
E2open Parent Holdings
ETWO
| $16M | ﹤0.01% |
3,521,699
-163,210
| -4% | -$808K |
|
1962
Healthcare Services Group
HCSG
$1.61B
| $16M | ﹤0.01% |
1,529,487
+45,417
| +3% | +$565K |
|
|
HCCI
1963
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $16M | ﹤0.01% |
351,677
+28,248
| +9% | +$1.26M |
|
1964
Lifestance Health
LFST
$4.02B
| $15.9M | ﹤0.01% |
2,317,870
+56,476
| +2% | +$458K |
|
1965
Collegium Pharmaceutical
COLL
$1.15B
| $15.9M | ﹤0.01% |
710,884
+21,190
| +3% | +$483K |
|
1966
Mativ Holdings
MATV
$500M
| $15.9M | ﹤0.01% |
1,113,606
+34,508
| +3% | +$552K |
|
|
DAWN
1967
DELISTED
Day One Biopharmaceuticals
DAWN
| $15.9M | ﹤0.01% |
1,293,114
+367,898
| +40% | +$4.8M |
|
1968
BRC Group Holdings
RILY
$301M
| $15.8M | ﹤0.01% |
385,752
+17,944
| +5% | +$883K |
|
1969
Brookdale Senior Living
BKD
$3.43B
| $15.8M | ﹤0.01% |
3,807,648
+308,727
| +9% | +$1.24M |
|
1970
Scansource
SCSC
$1.16B
| $15.7M | ﹤0.01% |
519,547
+13,087
| +3% | +$392K |
|
1971
Qfin Holdings
QFIN
$1.69B
| $15.7M | ﹤0.01% |
1,028,000
+44,411
| +5% | +$758K |
|
1972
Gorman-Rupp
GRC
$2.19B
| $15.7M | ﹤0.01% |
478,349
+32,673
| +7% | +$1.01M |
|
|
BORR
1973
Borr Drilling
BORR
$1.21B
| $15.7M | ﹤0.01% |
2,216,366
+40,524
| +2% | +$308K |
|
1974
Life Time Group Holdings
LTH
$9.87B
| $15.7M | ﹤0.01% |
1,033,394
+48,677
| +5% | +$858K |
|
1975
Chefs' Warehouse
CHEF
$4.54B
| $15.7M | ﹤0.01% |
742,105
+24,082
| +3% | +$737K |
|
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.