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 | |
|---|---|---|---|---|---|---|
|
EB
1976
DELISTED
Eventbrite
EB
| $15.7M | ﹤0.01% |
1,591,524
+58,320
| +4% | +$597K |
|
1977
Marcus & Millichap
MMI
$1.16B
| $15.6M | ﹤0.01% |
533,094
+10,854
| +2% | +$363K |
|
1978
SI-BONE Inc
SIBN
$818M
| $15.6M | ﹤0.01% |
735,844
+85,855
| +13% | +$1.99M |
|
1979
FuboTV Inc
FUBO
$283M
| $15.6M | ﹤0.01% |
487,763
+92,109
| +23% | +$2.85M |
|
|
LGF.B
1980
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $15.6M | ﹤0.01% |
1,981,684
+144,998
| +8% | +$1.09M |
|
1981
PRA Group
PRAA
$666M
| $15.6M | ﹤0.01% |
811,505
+17,007
| +2% | +$358K |
|
1982
ADMA Biologics
ADMA
$2.03B
| $15.6M | ﹤0.01% |
4,351,613
+178,647
| +4% | +$688K |
|
|
RYZ
1983
Ryerson Holding Corp
RYZ
$1.46B
| $15.6M | ﹤0.01% |
535,281
+116,790
| +28% | +$3.96M |
|
1984
Archer Aviation
ACHR
$3.69B
| $15.6M | ﹤0.01% |
3,072,957
+120,579
| +4% | +$692K |
|
1985
Varex Imaging
VREX
$502M
| $15.5M | ﹤0.01% |
827,032
+26,467
| +3% | +$554K |
|
1986
RPC Inc
RES
$1.28B
| $15.5M | ﹤0.01% |
1,738,022
+90,706
| +6% | +$757K |
|
1987
Keros Therapeutics
KROS
$200M
| $15.5M | ﹤0.01% |
486,001
+65,279
| +16% | +$2.44M |
|
1988
Simulations Plus
SLP
$370M
| $15.5M | ﹤0.01% |
370,933
+23,437
| +7% | +$1.06M |
|
|
HOUS
1989
DELISTED
Anywhere Real Estate
HOUS
| $15.5M | ﹤0.01% |
2,403,844
+73,537
| +3% | +$535K |
|
1990
Sonic Automotive
SAH
$2.76B
| $15.4M | ﹤0.01% |
323,373
+10,576
| +3% | +$538K |
|
1991
TETRA Technologies
TTI
$1.15B
| $15.4M | ﹤0.01% |
2,419,199
+126,820
| +6% | +$653K |
|
1992
Dine Brands
DIN
$458M
| $15.4M | ﹤0.01% |
311,443
+8,920
| +3% | +$498K |
|
1993
Coeur Mining
CDE
$16B
| $15.4M | ﹤0.01% |
6,920,649
+585,239
| +9% | +$1.53M |
|
1994
Alkami Technology
ALKT
$2.01B
| $15.4M | ﹤0.01% |
842,735
+43,745
| +5% | +$735K |
|
|
ACCD
1995
DELISTED
Accolade Inc
ACCD
| $15.4M | ﹤0.01% |
1,450,941
+116,002
| +9% | +$1.52M |
|
1996
Transcat
TRNS
$838M
| $15.4M | ﹤0.01% |
156,663
+12,294
| +9% | +$1.18M |
|
1997
Mercury Insurance
MCY
$5.94B
| $15.3M | ﹤0.01% |
547,372
+19,511
| +4% | +$575K |
|
|
RDUS
1998
DELISTED
Radius Recycling
RDUS
| $15.3M | ﹤0.01% |
549,491
+17,409
| +3% | +$538K |
|
|
GDEN
1999
DELISTED
Golden Entertainment
GDEN
| $15.3M | ﹤0.01% |
447,525
+11,242
| +3% | +$432K |
|
2000
Baidu
BIDU
$38.3B
| $15.2M | ﹤0.01% |
113,388
-8,179
| -7% | -$1.15M |
|
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.