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 | |
|---|---|---|---|---|---|---|
2026
Medifast
MED
$108M
| $16.6M | ﹤0.01% |
246,824
+10,734
| +5% | +$748K |
|
2027
Titan International
TWI
$466M
| $16.6M | ﹤0.01% |
1,113,213
+52,116
| +5% | +$686K |
|
2028
Heritage Financial
HFWA
$1.23B
| $16.6M | ﹤0.01% |
773,794
+41,000
| +6% | +$744K |
|
2029
Healthcare Services Group
HCSG
$1.61B
| $16.6M | ﹤0.01% |
1,595,985
+66,498
| +4% | +$664K |
|
2030
Pediatrix Medical
MD
$2.16B
| $16.6M | ﹤0.01% |
1,779,408
+80,404
| +5% | +$832K |
|
|
NVRO
2031
DELISTED
NEVRO CORP.
NVRO
| $16.5M | ﹤0.01% |
768,653
+39,079
| +5% | +$697K |
|
2032
Life Time Group Holdings
LTH
$9.87B
| $16.5M | ﹤0.01% |
1,095,566
+62,172
| +6% | +$892K |
|
2033
Flex
FLEX
$43B
| $16.4M | ﹤0.01% |
713,978
+42,205
| +6% | +$845K |
|
|
PKST
2034
DELISTED
Peakstone Realty Trust
PKST
| $16.4M | ﹤0.01% |
821,894
+107,802
| +15% | +$1.76M |
|
2035
Schneider National
SNDR
$6.11B
| $16.3M | ﹤0.01% |
641,704
+22,317
| +4% | +$551K |
|
2036
ProPetro Holding
PUMP
$1.37B
| $16.3M | ﹤0.01% |
1,941,122
+23,708
| +1% | +$224K |
|
2037
Dine Brands
DIN
$458M
| $16.3M | ﹤0.01% |
327,609
+16,166
| +5% | +$768K |
|
|
ETWO
2038
DELISTED
E2open Parent Holdings
ETWO
| $16.2M | ﹤0.01% |
3,701,053
+179,354
| +5% | +$636K |
|
2039
First Mid Bancshares
FMBH
$1.4B
| $16.2M | ﹤0.01% |
467,383
+86,249
| +23% | +$2.6M |
|
|
HA
2040
DELISTED
Hawaiian Holdings, Inc.
HA
| $16.1M | ﹤0.01% |
1,133,541
+43,608
| +4% | +$323K |
|
|
HAYN
2041
DELISTED
Haynes International, Inc.
HAYN
| $16M | ﹤0.01% |
281,219
+12,327
| +5% | +$594K |
|
2042
Portillo's
PTLO
$329M
| $16M | ﹤0.01% |
1,006,794
+46,611
| +5% | +$720K |
|
2043
Hovnanian Enterprises
HOV
$764M
| $16M | ﹤0.01% |
103,012
+5,913
| +6% | +$595K |
|
2044
CNA Financial
CNA
$14.5B
| $16M | ﹤0.01% |
377,967
+22,554
| +6% | +$918K |
|
2045
Gray Television
GTN
$434M
| $15.9M | ﹤0.01% |
1,778,764
+82,192
| +5% | +$612K |
|
|
BASE
2046
DELISTED
Couchbase
BASE
| $15.9M | ﹤0.01% |
707,485
+49,700
| +8% | +$911K |
|
2047
Qfin Holdings
QFIN
$1.69B
| $15.9M | ﹤0.01% |
1,009,836
-18,164
| -2% | -$278K |
|
2048
Garrett Motion
GTX
$5.71B
| $15.9M | ﹤0.01% |
1,642,283
+41,539
| +3% | +$321K |
|
2049
Compass Diversified
CODI
$795M
| $15.9M | ﹤0.01% |
707,029
+36,811
| +5% | +$721K |
|
2050
Interface
TILE
$2.03B
| $15.9M | ﹤0.01% |
1,256,851
+57,225
| +5% | +$587K |
|
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.