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 | |
|---|---|---|---|---|---|---|
|
DMC
1951
Del Monte Corp
DMC
$1.43B
| $19.1M | ﹤0.01% |
729,312
+35,626
| +5% | +$877K |
|
1952
Astec Industries
ASTE
$1.21B
| $19M | ﹤0.01% |
510,790
+23,818
| +5% | +$878K |
|
1953
Zentalis Pharmaceuticals
ZNTL
$331M
| $19M | ﹤0.01% |
1,253,737
+66,900
| +6% | +$976K |
|
1954
Vir Biotechnology
VIR
$1.5B
| $19M | ﹤0.01% |
1,886,396
+92,532
| +5% | +$846K |
|
1955
Lifestance Health
LFST
$4.02B
| $18.9M | ﹤0.01% |
2,415,989
+98,119
| +4% | +$632K |
|
|
FBMS
1956
DELISTED
The First Bancshares, Inc.
FBMS
| $18.8M | ﹤0.01% |
641,126
+21,910
| +4% | +$586K |
|
|
ONT
1957
Onterris Inc
ONT
$795M
| $18.8M | ﹤0.01% |
584,828
+30,865
| +6% | +$886K |
|
1958
VSE Corp
VSEC
$5.81B
| $18.8M | ﹤0.01% |
290,689
+17,760
| +7% | +$1.04M |
|
|
GDEN
1959
DELISTED
Golden Entertainment
GDEN
| $18.6M | ﹤0.01% |
466,140
+18,615
| +4% | +$674K |
|
|
NXRT
1960
NexPoint Residential Trust
NXRT
$660M
| $18.6M | ﹤0.01% |
539,551
+27,339
| +5% | +$854K |
|
1961
Center Bancorp
CNOB
$1.68B
| $18.5M | ﹤0.01% |
806,848
+36,983
| +5% | +$712K |
|
|
RWT
1962
Redwood Trust
RWT
$580M
| $18.5M | ﹤0.01% |
2,491,667
+133,173
| +6% | +$933K |
|
|
ACCD
1963
DELISTED
Accolade Inc
ACCD
| $18.4M | ﹤0.01% |
1,535,926
+84,985
| +6% | +$728K |
|
1964
Vita Coco
COCO
$3.67B
| $18.4M | ﹤0.01% |
717,804
+87,420
| +14% | +$2.37M |
|
1965
Arlo Technologies
ARLO
$1.63B
| $18.4M | ﹤0.01% |
1,932,147
+120,748
| +7% | +$1.1M |
|
1966
Worthington Steel
WS
$1.86B
| $18.4M | ﹤0.01% |
+654,013
| New | +$17.9M |
|
1967
FIGS
FIGS
$1.82B
| $18.3M | ﹤0.01% |
2,639,724
+119,121
| +5% | +$788K |
|
|
SLCA
1968
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $18.3M | ﹤0.01% |
1,621,313
+69,093
| +4% | +$819K |
|
|
LPRO
1969
DELISTED
Open Lending Corp
LPRO
| $18.3M | ﹤0.01% |
2,147,975
+90,008
| +4% | +$606K |
|
1970
Powell Industries
POWL
$8B
| $18.2M | ﹤0.01% |
618,729
+29,937
| +5% | +$834K |
|
1971
Unitil
UTL
$963M
| $18.2M | ﹤0.01% |
346,282
+19,074
| +6% | +$923K |
|
1972
ANI Pharmaceuticals
ANIP
$1.82B
| $18.2M | ﹤0.01% |
329,689
+8,368
| +3% | +$461K |
|
1973
WisdomTree
WT
$3.21B
| $18.1M | ﹤0.01% |
2,618,272
+107,597
| +4% | +$713K |
|
|
ADAM
1974
Adamas Trust
ADAM
$848M
| $18.1M | ﹤0.01% |
2,116,493
+72,534
| +4% | +$611K |
|
1975
3D Systems Corp
DDD
$462M
| $18M | ﹤0.01% |
2,835,822
+181,624
| +7% | +$895K |
|
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.