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 | |
|---|---|---|---|---|---|---|
|
XRN
2101
Chiron Real Estate Inc
XRN
$467M
| $12.9M | ﹤0.01% |
288,159
+7,052
| +3% | +$338K |
|
2102
Travere Therapeutics
TVTX
$5.11B
| $12.9M | ﹤0.01% |
1,440,644
+48,888
| +4% | +$690K |
|
2103
Kelly Services Class A
KELYA
$520M
| $12.9M | ﹤0.01% |
706,693
+15,060
| +2% | +$272K |
|
|
OLO
2104
DELISTED
Olo Inc
OLO
| $12.8M | ﹤0.01% |
2,118,450
+90,465
| +4% | +$591K |
|
|
ATRI
2105
DELISTED
Atrion Corp
ATRI
| $12.8M | ﹤0.01% |
31,061
+1,286
| +4% | +$646K |
|
2106
Corsair Gaming
CRSR
$1.15B
| $12.8M | ﹤0.01% |
883,035
+44,989
| +5% | +$724K |
|
2107
Designer Brands
DBI
$331M
| $12.8M | ﹤0.01% |
1,012,139
+12,378
| +1% | +$132K |
|
2108
REX American Resources
REX
$1.42B
| $12.8M | ﹤0.01% |
627,182
+27,566
| +5% | +$518K |
|
2109
Wolverine World Wide
WWW
$1.62B
| $12.7M | ﹤0.01% |
1,578,230
+53,974
| +4% | +$555K |
|
2110
Sanofi
SNY
$103B
| $12.7M | ﹤0.01% |
237,127
-511
| -0.2% | -$27.2K |
|
|
PNT
2111
DELISTED
POINT Biopharma Global Inc. Common Stock
PNT
| $12.7M | ﹤0.01% |
1,900,074
+174,687
| +10% | +$1.45M |
|
2112
Insteel Industries
IIIN
$602M
| $12.7M | ﹤0.01% |
390,283
+12,628
| +3% | +$405K |
|
2113
Capitol Federal Financial
CFFN
$1.12B
| $12.7M | ﹤0.01% |
2,654,989
+3,629
| +0.1% | +$21.5K |
|
2114
Garrett Motion
GTX
$5.71B
| $12.6M | ﹤0.01% |
1,600,744
+1,000,581
| +167% | +$7.7M |
|
2115
Compass Diversified
CODI
$795M
| $12.6M | ﹤0.01% |
670,218
+40,759
| +6% | +$857K |
|
|
AAMI
2116
Acadian Asset Management
AAMI
$3.2B
| $12.6M | ﹤0.01% |
647,531
+30,413
| +5% | +$628K |
|
|
GES
2117
DELISTED
Guess Inc
GES
| $12.5M | ﹤0.01% |
579,002
-676
| -0.1% | -$14.3K |
|
2118
Repay Holdings
RPAY
$343M
| $12.5M | ﹤0.01% |
1,648,309
+56,472
| +4% | +$471K |
|
|
HAYN
2119
DELISTED
Haynes International, Inc.
HAYN
| $12.5M | ﹤0.01% |
268,892
+9,781
| +4% | +$477K |
|
2120
Driven Brands
DRVN
$2.4B
| $12.5M | ﹤0.01% |
993,188
+44,916
| +5% | +$822K |
|
|
BRY
2121
DELISTED
Berry Corp
BRY
| $12.5M | ﹤0.01% |
1,524,774
+69,025
| +5% | +$553K |
|
2122
CryoPort
CYRX
$781M
| $12.5M | ﹤0.01% |
911,486
+12,406
| +1% | +$183K |
|
2123
Stem
STEM
$50.3M
| $12.5M | ﹤0.01% |
147,175
+5,817
| +4% | +$664K |
|
2124
Clearwater Paper
CLW
$359M
| $12.5M | ﹤0.01% |
343,523
+10,034
| +3% | +$348K |
|
|
SNCY
2125
DELISTED
Sun Country Airlines
SNCY
| $12.5M | ﹤0.01% |
839,084
+71,137
| +9% | +$1.25M |
|
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.