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 | |
|---|---|---|---|---|---|---|
2101
Infosys
INFY
$49.6B
| $14.6M | ﹤0.01% |
793,392
-62,662
| -7% | -$1.09M |
|
2102
Driven Brands
DRVN
$2.4B
| $14.6M | ﹤0.01% |
1,022,225
+29,037
| +3% | +$362K |
|
|
ALPN
2103
DELISTED
Alpine Immune Sciences Inc
ALPN
| $14.6M | ﹤0.01% |
764,347
+135,422
| +22% | +$1.88M |
|
|
KAMN
2104
DELISTED
Kaman Corp
KAMN
| $14.6M | ﹤0.01% |
607,951
+29,796
| +5% | +$616K |
|
|
DISH
2105
DELISTED
DISH Network Corp.
DISH
| $14.6M | ﹤0.01% |
2,570,878
-1,188,522
| -32% | -$5.33M |
|
|
ZEUS
2106
DELISTED
Olympic Steel
ZEUS
| $14.5M | ﹤0.01% |
218,033
+11,690
| +6% | +$641K |
|
2107
Hyster-Yale Materials Handling
HY
$628M
| $14.5M | ﹤0.01% |
232,542
+17,296
| +8% | +$824K |
|
2108
Old Second Bancorp
OSBC
$1.31B
| $14.5M | ﹤0.01% |
936,222
+42,033
| +5% | +$608K |
|
|
KE
2109
Kimball Electronics
KE
$619M
| $14.4M | ﹤0.01% |
536,020
+26,332
| +5% | +$679K |
|
2110
Digital Turbine
APPS
$1.09B
| $14.4M | ﹤0.01% |
2,098,104
+124,318
| +6% | +$694K |
|
|
VZIO
2111
DELISTED
VIZIO Holding Corp.
VZIO
| $14.4M | ﹤0.01% |
1,868,293
+122,190
| +7% | +$765K |
|
2112
IES Holdings
IESC
$14.4B
| $14.4M | ﹤0.01% |
181,291
+8,545
| +5% | +$596K |
|
2113
Kinetik
KNTK
$3.64B
| $14.3M | ﹤0.01% |
429,466
+79,746
| +23% | +$2.79M |
|
2114
SFL Corp
SFL
$1.65B
| $14.3M | ﹤0.01% |
1,269,461
+56,519
| +5% | +$629K |
|
2115
Douglas Dynamics
PLOW
$972M
| $14.3M | ﹤0.01% |
482,188
+25,243
| +6% | +$725K |
|
2116
Forestar Group
FOR
$1.47B
| $14.3M | ﹤0.01% |
432,361
+16,838
| +4% | +$488K |
|
2117
Bristow Group
VTOL
$1.35B
| $14.3M | ﹤0.01% |
505,569
+27,051
| +6% | +$731K |
|
2118
Teekay Tankers
TNK
$2.79B
| $14.3M | ﹤0.01% |
285,938
+14,058
| +5% | +$675K |
|
2119
Univest Financial
UVSP
$1.23B
| $14.3M | ﹤0.01% |
648,125
+28,626
| +5% | +$536K |
|
2120
Clear Channel Outdoor Holdings
CCO
$1.23B
| $14.2M | ﹤0.01% |
7,811,246
+225,883
| +3% | +$313K |
|
2121
Conduent
CNDT
$268M
| $14.2M | ﹤0.01% |
3,889,520
+153,052
| +4% | +$484K |
|
|
EB
2122
DELISTED
Eventbrite
EB
| $14.2M | ﹤0.01% |
1,696,084
+104,560
| +7% | +$846K |
|
|
CBL
2123
CBL Properties
CBL
$1.81B
| $14.2M | ﹤0.01% |
580,557
+26,068
| +5% | +$582K |
|
|
AMK
2124
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $14.1M | ﹤0.01% |
472,374
+29,298
| +7% | +$752K |
|
2125
Century Aluminum
CENX
$4.47B
| $14.1M | ﹤0.01% |
1,165,206
+74,731
| +7% | +$586K |
|
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.