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 | |
|---|---|---|---|---|---|---|
2126
Petrobras Class A
PBR.A
$106B
| $12.4M | ﹤0.01% |
905,983
| – | – |
|
2127
Beyond Meat
BYND
$326M
| $12.4M | ﹤0.01% |
1,289,700
+98,565
| +8% | +$1.29M |
|
|
HIBB
2128
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $12.4M | ﹤0.01% |
260,720
+11,071
| +4% | +$472K |
|
2129
Smith & Wesson
SWBI
$665M
| $12.4M | ﹤0.01% |
956,786
+29,846
| +3% | +$373K |
|
2130
iQIYI
IQ
$1.26B
| $12.3M | ﹤0.01% |
2,609,031
+145,020
| +6% | +$756K |
|
2131
Cardlytics
CDLX
$23.8M
| $12.3M | ﹤0.01% |
74,447
+6,585
| +10% | +$856K |
|
2132
James River Group Holdings
JRVR
$211M
| $12.3M | ﹤0.01% |
798,323
+27,270
| +4% | +$445K |
|
2133
Ennis
EBF
$553M
| $12.2M | ﹤0.01% |
576,364
+18,329
| +3% | +$389K |
|
|
SILK
2134
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $12.2M | ﹤0.01% |
814,694
+47,276
| +6% | +$984K |
|
2135
Old Second Bancorp
OSBC
$1.31B
| $12.2M | ﹤0.01% |
894,189
+38,154
| +4% | +$557K |
|
2136
CleanSpark
CLSK
$3.77B
| $12.2M | ﹤0.01% |
3,188,037
+950,287
| +42% | +$5.02M |
|
2137
Artivion
AORT
$1.32B
| $12.1M | ﹤0.01% |
798,433
+16,063
| +2% | +$260K |
|
|
CDMO
2138
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $12.1M | ﹤0.01% |
1,281,736
+18,263
| +1% | +$220K |
|
2139
Genco Shipping & Trading
GNK
$1.15B
| $12.1M | ﹤0.01% |
864,865
+66,899
| +8% | +$922K |
|
2140
LSB Industries
LXU
$687M
| $12.1M | ﹤0.01% |
1,180,218
+81,965
| +7% | +$849K |
|
|
DOO
2141
Bombardier Recreational Products
DOO
$4.58B
| $12M | ﹤0.01% |
156,335
+5,133
| +3% | +$415K |
|
2142
Argan
AGX
$8.42B
| $12M | ﹤0.01% |
264,368
+4,232
| +2% | +$175K |
|
2143
V2X
VVX
$2.5B
| $12M | ﹤0.01% |
232,897
+10,960
| +5% | +$551K |
|
|
UHT
2144
Universal Health Realty Income Trust
UHT
$594M
| $12M | ﹤0.01% |
297,160
-7,254
| -2% | -$336K |
|
2145
HealthStream
HSTM
$835M
| $12M | ﹤0.01% |
556,600
+19,864
| +4% | +$439K |
|
|
BELFB
2146
Bel Fuse Inc Class B
BELFB
$4.12B
| $12M | ﹤0.01% |
251,556
+22,526
| +10% | +$1.16M |
|
2147
Clear Channel Outdoor Holdings
CCO
$1.24B
| $12M | ﹤0.01% |
7,585,363
-834,074
| -10% | -$1.27M |
|
2148
Treace Medical Concepts
TMCI
$310M
| $12M | ﹤0.01% |
913,583
+105,875
| +13% | +$1.94M |
|
2149
argenx
ARGX
$52.4B
| $12M | ﹤0.01% |
24,357
+9
| +0% | +$4.4K |
|
2150
Accel Entertainment
ACEL
$982M
| $12M | ﹤0.01% |
1,092,720
+51,679
| +5% | +$576K |
|
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.