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 | |
|---|---|---|---|---|---|---|
1976
Compass Minerals
CMP
$1.21B
| $18M | ﹤0.01% |
710,872
+32,881
| +5% | +$839K |
|
1977
Capitol Federal Financial
CFFN
$1.12B
| $17.9M | ﹤0.01% |
2,782,487
+127,498
| +5% | +$684K |
|
1978
Gorman-Rupp
GRC
$2.19B
| $17.9M | ﹤0.01% |
505,034
+26,685
| +6% | +$860K |
|
1979
BJ's Restaurants
BJRI
$1.44B
| $17.9M | ﹤0.01% |
497,682
+19,369
| +4% | +$551K |
|
1980
Barrett Business Services
BBSI
$979M
| $17.9M | ﹤0.01% |
618,188
+19,524
| +3% | +$503K |
|
1981
Sonic Automotive
SAH
$2.76B
| $17.9M | ﹤0.01% |
318,265
-5,108
| -2% | -$256K |
|
1982
Mativ Holdings
MATV
$500M
| $17.8M | ﹤0.01% |
1,163,266
+49,660
| +4% | +$671K |
|
1983
Varex Imaging
VREX
$502M
| $17.7M | ﹤0.01% |
864,604
+37,572
| +5% | +$717K |
|
1984
Dream Finders Homes
DFH
$1.18B
| $17.7M | ﹤0.01% |
498,841
+24,273
| +5% | +$604K |
|
1985
Core Laboratories
CLB
$491M
| $17.7M | ﹤0.01% |
1,000,731
+58,817
| +6% | +$1.19M |
|
1986
Virgin Galactic
SPCE
$362M
| $17.6M | ﹤0.01% |
359,415
+67,802
| +23% | +$2.68M |
|
1987
International Money Express
IMXI
$369M
| $17.6M | ﹤0.01% |
796,466
+31,864
| +4% | +$611K |
|
|
SPTN
1988
DELISTED
SpartanNash
SPTN
| $17.6M | ﹤0.01% |
765,181
+33,256
| +5% | +$756K |
|
1989
Aspen Aerogels
ASPN
$392M
| $17.6M | ﹤0.01% |
1,112,657
+37,381
| +3% | +$386K |
|
1990
Alignment Healthcare
ALHC
$3.02B
| $17.5M | ﹤0.01% |
2,036,308
+109,057
| +6% | +$798K |
|
1991
Comstock Resources
CRK
$3.94B
| $17.5M | ﹤0.01% |
1,979,306
+108,632
| +6% | +$1.17M |
|
|
RDUS
1992
DELISTED
Radius Recycling
RDUS
| $17.5M | ﹤0.01% |
579,570
+30,079
| +5% | +$792K |
|
1993
Cerence
CRNC
$403M
| $17.5M | ﹤0.01% |
888,835
+38,065
| +4% | +$661K |
|
1994
West Fraser Timber
WFG
$5.2B
| $17.5M | ﹤0.01% |
205,668
+7,998
| +4% | +$592K |
|
1995
Dutch Bros
BROS
$8.91B
| $17.4M | ﹤0.01% |
550,410
+53,208
| +11% | +$1.45M |
|
1996
F&G Annuities & Life
FG
$3.85B
| $17.4M | ﹤0.01% |
378,502
+16,255
| +4% | +$606K |
|
1997
Simulations Plus
SLP
$370M
| $17.4M | ﹤0.01% |
388,271
+17,338
| +5% | +$687K |
|
1998
SI-BONE Inc
SIBN
$818M
| $17.4M | ﹤0.01% |
826,859
+91,015
| +12% | +$1.68M |
|
1999
MarineMax
HZO
$774M
| $17.3M | ﹤0.01% |
445,689
+18,317
| +4% | +$580K |
|
|
BORR
2000
Borr Drilling
BORR
$1.21B
| $17.3M | ﹤0.01% |
2,353,376
+137,010
| +6% | +$902K |
|
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.