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 | |
|---|---|---|---|---|---|---|
|
SRDX
2326
DELISTED
Surmodics
SRDX
| $9.16M | ﹤0.01% |
285,258
+8,885
| +3% | +$302K |
|
2327
Preformed Line Products
PLPC
$2.07B
| $9.15M | ﹤0.01% |
56,253
+1,984
| +4% | +$331K |
|
|
CVGW
2328
DELISTED
Calavo Growers
CVGW
| $9.14M | ﹤0.01% |
362,040
+12,126
| +3% | +$394K |
|
2329
Haverty Furniture Companies
HVT
$455M
| $9.12M | ﹤0.01% |
316,960
+16,028
| +5% | +$511K |
|
2330
Logitech
LOGI
$15.6B
| $9.09M | ﹤0.01% |
131,907
-3,548
| -3% | -$239K |
|
2331
Great Southern Bancorp
GSBC
$893M
| $9.09M | ﹤0.01% |
189,602
+4,656
| +3% | +$242K |
|
2332
Castle Biosciences
CSTL
$953M
| $9.06M | ﹤0.01% |
536,236
+38,552
| +8% | +$674K |
|
2333
OraSure Technologies
OSUR
$287M
| $9.03M | ﹤0.01% |
1,521,770
+33,237
| +2% | +$187K |
|
2334
Invesco Mortgage Capital
IVR
$758M
| $8.98M | ﹤0.01% |
896,765
+79,170
| +10% | +$875K |
|
2335
Stagwell
STGW
$2.2B
| $8.97M | ﹤0.01% |
1,911,280
-228,549
| -11% | -$1.35M |
|
2336
United Fire Group
UFCS
$1.38B
| $8.95M | ﹤0.01% |
453,035
+11,731
| +3% | +$246K |
|
2337
Cricut
CRCT
$1.04B
| $8.94M | ﹤0.01% |
962,709
+53,777
| +6% | +$569K |
|
2338
LSI Industries
LYTS
$908M
| $8.94M | ﹤0.01% |
562,924
+8,344
| +2% | +$116K |
|
2339
Global Industrial
GIC
$1.43B
| $8.94M | ﹤0.01% |
266,739
-16,844
| -6% | -$524K |
|
2340
Nordic American Tanker
NAT
$1.33B
| $8.93M | ﹤0.01% |
2,166,684
+135,393
| +7% | +$541K |
|
2341
Plains All American Pipeline
PAA
$16.6B
| $8.89M | ﹤0.01% |
580,520
+3,717
| +0.6% | +$55.7K |
|
2342
United States Lime & Minerals
USLM
$3.32B
| $8.89M | ﹤0.01% |
221,090
+11,450
| +5% | +$476K |
|
2343
Savers
SVV
$1.65B
| $8.86M | ﹤0.01% |
+474,664
| New | +$11M |
|
2344
Harrow
HROW
$1.48B
| $8.86M | ﹤0.01% |
616,603
+72,482
| +13% | +$1.27M |
|
2345
Peapack-Gladstone Financial
PGC
$827M
| $8.84M | ﹤0.01% |
344,581
+9,498
| +3% | +$263K |
|
2346
AerSale
ASLE
$308M
| $8.84M | ﹤0.01% |
591,459
+142,681
| +32% | +$2.06M |
|
2347
Perella Weinberg Partners
PWP
$1.24B
| $8.83M | ﹤0.01% |
867,432
+27,128
| +3% | +$276K |
|
2348
Astronics
ATRO
$3.73B
| $8.81M | ﹤0.01% |
666,781
+25,111
| +4% | +$377K |
|
2349
NVE Corp
NVEC
$618M
| $8.81M | ﹤0.01% |
107,269
+4,720
| +5% | +$397K |
|
2350
Allient
ALNT
$1.61B
| $8.78M | ﹤0.01% |
283,873
+4,520
| +2% | +$157K |
|
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.