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 | |
|---|---|---|---|---|---|---|
2376
Microvision
MVIS
$85.2M
| $8.36M | ﹤0.01% |
254,574
+16,673
| +7% | +$763K |
|
|
LGTY
2377
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $8.36M | ﹤0.01% |
729,498
+34,992
| +5% | +$388K |
|
|
HONE
2378
DELISTED
HarborOne Bancorp
HONE
| $8.32M | ﹤0.01% |
873,820
+27,677
| +3% | +$270K |
|
2379
W&T Offshore
WTI
$509M
| $8.31M | ﹤0.01% |
1,896,217
+58,936
| +3% | +$243K |
|
2380
Capital City Bank Group
CCBG
$902M
| $8.24M | ﹤0.01% |
276,322
+10,903
| +4% | +$337K |
|
2381
Nurix Therapeutics
NRIX
$2.56B
| $8.22M | ﹤0.01% |
1,045,285
+67,234
| +7% | +$614K |
|
|
MODV
2382
DELISTED
ModivCare
MODV
| $8.2M | ﹤0.01% |
260,088
+2,462
| +1% | +$96.3K |
|
2383
First Financial Corp
THFF
$985M
| $8.17M | ﹤0.01% |
241,761
+11,657
| +5% | +$419K |
|
|
NFBK
2384
DELISTED
Northfield Bancorp
NFBK
| $8.12M | ﹤0.01% |
859,411
+18,558
| +2% | +$203K |
|
2385
Ubiquiti
UI
$33.9B
| $8.12M | ﹤0.01% |
55,889
+662
| +1% | +$111K |
|
2386
Olema Pharmaceuticals
OLMA
$1.03B
| $8.1M | ﹤0.01% |
655,754
+48,414
| +8% | +$493K |
|
2387
Independent Bank Corp
IBCP
$792M
| $8.1M | ﹤0.01% |
441,456
+23,890
| +6% | +$455K |
|
|
FFIC
2388
DELISTED
Flushing Financial
FFIC
| $8.1M | ﹤0.01% |
616,624
+43,489
| +8% | +$608K |
|
2389
Prime Medicine
PRME
$538M
| $8.08M | ﹤0.01% |
846,637
+306,329
| +57% | +$3.98M |
|
|
PTVE
2390
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $8.07M | ﹤0.01% |
992,056
+42,854
| +5% | +$350K |
|
|
MLNK
2391
DELISTED
MeridianLink
MLNK
| $8.06M | ﹤0.01% |
472,215
+23,469
| +5% | +$443K |
|
|
AMNB
2392
DELISTED
American National Bankshares Inc
AMNB
| $8.04M | ﹤0.01% |
211,947
+7,622
| +4% | +$285K |
|
|
AGEN
2393
Agenus
AGEN
$346M
| $8.04M | ﹤0.01% |
355,740
+31,230
| +10% | +$885K |
|
2394
Wave Life Sciences
WVE
$1.18B
| $8.02M | ﹤0.01% |
1,395,137
+65,462
| +5% | +$299K |
|
2395
Definitive Healthcare
DH
$73.9M
| $8.01M | ﹤0.01% |
1,002,078
+65,025
| +7% | +$653K |
|
2396
Artesian Resources
ARTNA
$351M
| $8.01M | ﹤0.01% |
190,643
+23,633
| +14% | +$1.09M |
|
2397
Metropolitan Bank Holding Corp
MCB
$1.17B
| $7.96M | ﹤0.01% |
219,332
+8,517
| +4% | +$348K |
|
2398
Evolus
EOLS
$403M
| $7.95M | ﹤0.01% |
869,493
+75,752
| +10% | +$679K |
|
2399
National Presto Industries
NPK
$975M
| $7.94M | ﹤0.01% |
109,558
+7,387
| +7% | +$558K |
|
2400
IDT Corp
IDT
$1.67B
| $7.94M | ﹤0.01% |
359,813
+8,447
| +2% | +$199K |
|
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.