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 | |
|---|---|---|---|---|---|---|
|
AMK
2201
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $11.1M | ﹤0.01% |
443,076
+25,987
| +6% | +$740K |
|
2202
Cass Information Systems
CASS
$731M
| $11.1M | ﹤0.01% |
297,980
+10,906
| +4% | +$418K |
|
|
SBOW
2203
DELISTED
SilverBow Resources, Inc.
SBOW
| $11.1M | ﹤0.01% |
310,219
+4,300
| +1% | +$157K |
|
2204
FuelCell Energy
FCEL
$1.85B
| $11.1M | ﹤0.01% |
288,866
-1,604
| -0.6% | -$83.7K |
|
2205
York Water
YORW
$500M
| $11.1M | ﹤0.01% |
295,464
+10,825
| +4% | +$442K |
|
2206
Community Trust Bancorp
CTBI
$1.45B
| $11.1M | ﹤0.01% |
323,080
+9,772
| +3% | +$357K |
|
2207
Mesa Laboratories
MLAB
$570M
| $11M | ﹤0.01% |
105,089
+2,329
| +2% | +$298K |
|
2208
Outset Medical
OM
$96.8M
| $11M | ﹤0.01% |
67,425
+2,499
| +4% | +$590K |
|
2209
RCI Hospitality Holdings
RICK
$195M
| $11M | ﹤0.01% |
181,244
+6,136
| +4% | +$411K |
|
|
TGI
2210
DELISTED
Triumph Group
TGI
| $11M | ﹤0.01% |
1,434,245
+163,723
| +13% | +$1.6M |
|
|
DHIL
2211
DELISTED
Diamond Hill
DHIL
| $11M | ﹤0.01% |
65,055
+1,087
| +2% | +$188K |
|
2212
Hanmi Financial
HAFC
$968M
| $11M | ﹤0.01% |
674,835
+41,165
| +6% | +$711K |
|
|
GLDD
2213
DELISTED
Great Lakes Dredge & Dock
GLDD
| $10.9M | ﹤0.01% |
1,369,844
+43,512
| +3% | +$361K |
|
2214
Byline Bancorp
BY
$1.82B
| $10.9M | ﹤0.01% |
553,797
+94,359
| +21% | +$1.93M |
|
2215
Acco Brands
ACCO
$404M
| $10.9M | ﹤0.01% |
1,898,418
+73,706
| +4% | +$411K |
|
|
HTBK
2216
DELISTED
Heritage Commerce
HTBK
| $10.9M | ﹤0.01% |
1,285,075
+39,339
| +3% | +$350K |
|
2217
Stoneridge
SRI
$212M
| $10.9M | ﹤0.01% |
542,069
+19,521
| +4% | +$396K |
|
|
OSG
2218
Octave Specialty Group
OSG
$253M
| $10.9M | ﹤0.01% |
901,255
+28,564
| +3% | +$384K |
|
2219
SkinHealth Systems
SKIN
$94.6M
| $10.9M | ﹤0.01% |
1,804,897
+40,884
| +2% | +$287K |
|
|
TRST
2220
Trustco Bank Corp NY
TRST
$994M
| $10.9M | ﹤0.01% |
397,642
+14,460
| +4% | +$417K |
|
2221
Lightwave Logic
LWLG
$1.21B
| $10.8M | ﹤0.01% |
2,420,981
+117,270
| +5% | +$748K |
|
2222
Franklin Covey
FC
$246M
| $10.8M | ﹤0.01% |
251,955
-379
| -0.2% | -$16.8K |
|
|
PETQ
2223
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $10.8M | ﹤0.01% |
548,539
+24,166
| +5% | +$432K |
|
2224
PubMatic
PUBM
$623M
| $10.8M | ﹤0.01% |
891,976
+16,829
| +2% | +$256K |
|
2225
Oil States International
OIS
$516M
| $10.8M | ﹤0.01% |
1,287,957
+34,528
| +3% | +$280K |
|
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.