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 | |
|---|---|---|---|---|---|---|
2226
OmniAb
OABI
$293M
| $10.8M | ﹤0.01% |
2,077,098
+32,217
| +2% | +$172K |
|
2227
Manitowoc
MTW
$524M
| $10.8M | ﹤0.01% |
715,689
+21,084
| +3% | +$353K |
|
2228
Univest Financial
UVSP
$1.24B
| $10.8M | ﹤0.01% |
619,499
+30,162
| +5% | +$555K |
|
|
CWEN.A
2229
DELISTED
Clearway Energy Class A
CWEN.A
| $10.8M | ﹤0.01% |
540,425
+58,416
| +12% | +$1.4M |
|
2230
NetEase
NTES
$83.5B
| $10.8M | ﹤0.01% |
107,473
-2,269
| -2% | -$233K |
|
|
PRSU
2231
Pursuit Attractions and Hospitality Inc
PRSU
$1.43B
| $10.8M | ﹤0.01% |
410,431
+17,403
| +4% | +$484K |
|
|
CLDT
2232
Chatham Lodging
CLDT
$628M
| $10.7M | ﹤0.01% |
1,117,136
+50,271
| +5% | +$480K |
|
|
ACRE
2233
Ares Commercial Real Estate
ACRE
$261M
| $10.7M | ﹤0.01% |
1,121,978
+33,661
| +3% | +$346K |
|
|
NPKI
2234
NPK International
NPKI
$1.17B
| $10.6M | ﹤0.01% |
1,540,690
+37,199
| +2% | +$213K |
|
2235
Target Hospitality
TH
$1.61B
| $10.6M | ﹤0.01% |
667,822
+60,895
| +10% | +$859K |
|
2236
Anterix
ATEX
$2.03B
| $10.6M | ﹤0.01% |
337,014
-55,353
| -14% | -$1.74M |
|
2237
Dream Finders Homes
DFH
$1.26B
| $10.6M | ﹤0.01% |
474,568
+28,828
| +6% | +$749K |
|
2238
Coastal Financial
CCB
$680M
| $10.5M | ﹤0.01% |
245,765
+8,074
| +3% | +$350K |
|
|
HSII
2239
DELISTED
Heidrick & Struggles
HSII
| $10.5M | ﹤0.01% |
421,027
+17,899
| +4% | +$479K |
|
2240
Cabaletta Bio
CABA
$452M
| $10.5M | ﹤0.01% |
691,872
+189,145
| +38% | +$2.58M |
|
2241
Lennar Class B
LEN.B
$20.6B
| $10.5M | ﹤0.01% |
108,114
-6,716
| -6% | -$700K |
|
2242
Virgin Galactic
SPCE
$375M
| $10.5M | ﹤0.01% |
291,613
+50,724
| +21% | +$3.02M |
|
2243
DXP Enterprises
DXPE
$2.67B
| $10.5M | ﹤0.01% |
299,292
+1,388
| +0.5% | +$50.1K |
|
|
RAPT
2244
DELISTED
RAPT Therapeutics
RAPT
| $10.5M | ﹤0.01% |
78,611
+10,617
| +16% | +$1.73M |
|
|
JOYY
2245
JOYY Inc
JOYY
$3.77B
| $10.4M | ﹤0.01% |
275,338
-7,962
| -3% | -$276K |
|
2246
First Community Bankshares
FCBC
$921M
| $10.4M | ﹤0.01% |
352,134
+11,518
| +3% | +$363K |
|
|
DHC
2247
Diversified Healthcare Trust
DHC
$2.13B
| $10.4M | ﹤0.01% |
5,337,746
-51,686
| -1% | -$131K |
|
2248
BP
BP
$110B
| $10.3M | ﹤0.01% |
266,306
| – | – |
|
2249
Anavex Life Sciences
AVXL
$305M
| $10.3M | ﹤0.01% |
1,572,968
+30,668
| +2% | +$244K |
|
|
FNA
2250
DELISTED
Paragon 28, Inc.
FNA
| $10.3M | ﹤0.01% |
818,619
+142,983
| +21% | +$2.16M |
|
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.