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 | |
|---|---|---|---|---|---|---|
|
BBBY
2001
Bed Bath & Beyond
BBBY
$481M
| $15.2M | ﹤0.01% |
1,054,548
+51,567
| +5% | +$1.26M |
|
2002
Napco Security Technologies
NSSC
$1.32B
| $15.1M | ﹤0.01% |
678,965
+20,026
| +3% | +$607K |
|
2003
DHT Holdings
DHT
$2.99B
| $15.1M | ﹤0.01% |
1,465,837
+86,968
| +6% | +$814K |
|
2004
PureCycle Technologies
PCT
$1.28B
| $15.1M | ﹤0.01% |
2,688,077
+109,806
| +4% | +$1.03M |
|
2005
Ethan Allen Interiors
ETD
$570M
| $15.1M | ﹤0.01% |
504,322
+18,225
| +4% | +$564K |
|
|
LPRO
2006
DELISTED
Open Lending Corp
LPRO
| $15.1M | ﹤0.01% |
2,057,967
+61,685
| +3% | +$564K |
|
2007
Beazer Homes USA
BZH
$877M
| $15M | ﹤0.01% |
604,040
+28,873
| +5% | +$833K |
|
2008
Dime Commercial Bancshares
DCOM
$1.8B
| $15M | ﹤0.01% |
751,694
+54,905
| +8% | +$1.15M |
|
2009
NRC Health Common Stock
NRC
$432M
| $15M | ﹤0.01% |
338,078
+14,892
| +5% | +$650K |
|
2010
Heartland Express
HTLD
$948M
| $14.9M | ﹤0.01% |
1,017,267
+30,616
| +3% | +$475K |
|
|
PLL
2011
DELISTED
Piedmont Lithium
PLL
| $14.9M | ﹤0.01% |
376,155
+30,087
| +9% | +$1.46M |
|
2012
1st Source
SRCE
$2.16B
| $14.9M | ﹤0.01% |
354,254
+9,970
| +3% | +$444K |
|
2013
BlueLinx
BXC
$422M
| $14.9M | ﹤0.01% |
181,602
+7,295
| +4% | +$641K |
|
2014
PC Connection
CNXN
$2.11B
| $14.9M | ﹤0.01% |
278,824
+26,952
| +11% | +$1.37M |
|
2015
FIGS
FIGS
$1.79B
| $14.9M | ﹤0.01% |
2,520,603
+44,120
| +2% | +$294K |
|
2016
GrafTech
EAF
$175M
| $14.9M | ﹤0.01% |
387,914
+14,011
| +4% | +$585K |
|
2017
Crescent Energy
CRGY
$3.79B
| $14.8M | ﹤0.01% |
1,174,442
+416,720
| +55% | +$5.1M |
|
2018
Portillo's
PTLO
$331M
| $14.8M | ﹤0.01% |
960,183
+128,808
| +15% | +$2.52M |
|
2019
Grid Dynamics Holdings
GDYN
$559M
| $14.7M | ﹤0.01% |
1,209,800
+58,450
| +5% | +$648K |
|
|
KREF
2020
KKR Real Estate Finance Trust
KREF
$448M
| $14.7M | ﹤0.01% |
1,241,132
+42,984
| +4% | +$529K |
|
|
ICPT
2021
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $14.7M | ﹤0.01% |
793,321
+180,354
| +29% | +$2.04M |
|
|
WCN
2022
Waste Connections
WCN
$42.2B
| $14.6M | ﹤0.01% |
104,590
+6,855
| +7% | +$959K |
|
2023
Infosys
INFY
$48.7B
| $14.6M | ﹤0.01% |
856,054
+65,171
| +8% | +$1.11M |
|
2024
Opko Health
OPK
$985M
| $14.6M | ﹤0.01% |
9,130,292
+387,678
| +4% | +$706K |
|
|
SP
2025
DELISTED
SP Plus Corporation
SP
| $14.6M | ﹤0.01% |
403,688
+12,880
| +3% | +$499K |
|
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.