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 | |
|---|---|---|---|---|---|---|
2051
CNA Financial
CNA
$14.5B
| $14M | ﹤0.01% |
355,413
+5,143
| +1% | +$203K |
|
2052
Unitil
UTL
$963M
| $14M | ﹤0.01% |
327,208
+10,278
| +3% | +$503K |
|
2053
Perimeter Solutions
PRM
$4.99B
| $14M | ﹤0.01% |
3,075,508
+96,920
| +3% | +$540K |
|
|
VERV
2054
DELISTED
Verve Therapeutics
VERV
| $14M | ﹤0.01% |
1,052,880
+96,153
| +10% | +$1.55M |
|
|
KE
2055
Kimball Electronics
KE
$619M
| $14M | ﹤0.01% |
509,688
+18,937
| +4% | +$542K |
|
|
IAS
2056
DELISTED
Integral Ad Science
IAS
| $13.9M | ﹤0.01% |
1,164,937
+207,823
| +22% | +$3.21M |
|
|
FLNA
2057
Filana Therapeutics
FLNA
$49.8M
| $13.8M | ﹤0.01% |
830,250
+26,944
| +3% | +$534K |
|
2058
Douglas Dynamics
PLOW
$972M
| $13.8M | ﹤0.01% |
456,945
+15,841
| +4% | +$485K |
|
2059
VSE Corp
VSEC
$5.81B
| $13.8M | ﹤0.01% |
272,929
+58,273
| +27% | +$3.17M |
|
2060
Center Bancorp
CNOB
$1.68B
| $13.7M | ﹤0.01% |
769,865
+32,099
| +4% | +$602K |
|
2061
Standard Motor Products
SMP
$863M
| $13.7M | ﹤0.01% |
407,597
+16,642
| +4% | +$606K |
|
2062
Flex
FLEX
$43.4B
| $13.7M | ﹤0.01% |
671,773
+56,532
| +9% | +$1.15M |
|
2063
Energy Fuels
UUUU
$3.04B
| $13.6M | ﹤0.01% |
1,660,030
+95,228
| +6% | +$654K |
|
|
ROVR
2064
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $13.5M | ﹤0.01% |
2,163,484
+134,811
| +7% | +$804K |
|
2065
Green Dot
GDOT
$754M
| $13.5M | ﹤0.01% |
971,903
+42,950
| +5% | +$708K |
|
2066
SFL Corp
SFL
$1.65B
| $13.5M | ﹤0.01% |
1,212,942
+65,449
| +6% | +$678K |
|
2067
Barrett Business Services
BBSI
$979M
| $13.5M | ﹤0.01% |
598,664
+13,244
| +2% | +$305K |
|
2068
Banc of California
BANC
$3.05B
| $13.5M | ﹤0.01% |
1,090,640
+27,179
| +3% | +$346K |
|
2069
Eagle Bancorp
EGBN
$849M
| $13.5M | ﹤0.01% |
628,820
-5,484
| -0.9% | -$133K |
|
2070
Bristow Group
VTOL
$1.35B
| $13.5M | ﹤0.01% |
478,518
+16,235
| +4% | +$470K |
|
2071
Novavax
NVAX
$1.22B
| $13.5M | ﹤0.01% |
1,860,977
+117,971
| +7% | +$943K |
|
2072
Yext
YEXT
$569M
| $13.5M | ﹤0.01% |
2,127,614
+80,587
| +4% | +$689K |
|
2073
Tompkins Financial
TMP
$1.45B
| $13.4M | ﹤0.01% |
274,121
+10,398
| +4% | +$564K |
|
|
HAPN
2074
Happen Inc
HAPN
$2.36B
| $13.4M | ﹤0.01% |
2,198,781
+79,058
| +4% | +$615K |
|
2075
Adtran
ADTN
$718M
| $13.4M | ﹤0.01% |
1,625,638
+84,151
| +5% | +$748K |
|
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.