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
|
+$1.18B |
| 2 |
Apple
AAPL
|
+$1.11B |
| 3 |
Broadcom
AVGO
|
+$562M |
| 4 |
Amazon
AMZN
|
+$553M |
| 5 |
Palo Alto Networks
PANW
|
+$485M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$246M |
| 2 |
O'Reilly Automotive
ORLY
|
+$149M |
| 3 |
Cadence Design Systems
CDNS
|
+$149M |
| 4 |
Synopsys
SNPS
|
+$134M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.24% |
| 2 | Healthcare | 13.33% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 10.85% |
| 5 | Industrials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
Tejon Ranch
TRC
$455M
| $7.45M | ﹤0.01% |
433,036
+27,243
| +7% | +$474K |
|
2477
RE/MAX Holdings
RMAX
$195M
| $7.45M | ﹤0.01% |
386,708
+896
| +0.2% | +$16.8K |
|
2478
Funko
FNKO
$323M
| $7.44M | ﹤0.01% |
687,217
+42,437
| +7% | +$467K |
|
2479
Aviat Networks
AVNW
$265M
| $7.42M | ﹤0.01% |
222,350
+10,511
| +5% | +$334K |
|
2480
Covenant Logistics
CVLG
$888M
| $7.41M | ﹤0.01% |
338,316
-12,070
| -3% | -$233K |
|
2481
UWM Holdings
UWMC
$651M
| $7.4M | ﹤0.01% |
1,322,266
+45,215
| +4% | +$243K |
|
2482
Tootsie Roll Industries
TR
$2.96B
| $7.4M | ﹤0.01% |
228,284
-161,433
| -41% | -$5.89M |
|
|
SPYM
2483
State Street SPDR Portfolio S&P 500 ETF
SPYM
$164B
| – | – |
0
| – | – |
|
2484
MINISO
MNSO
$3.84B
| $7.4M | ﹤0.01% |
438,486
+13,594
| +3% | +$227K |
|
|
TBRG
2485
DELISTED
TruBridge
TBRG
| $7.39M | ﹤0.01% |
299,223
+10,196
| +4% | +$266K |
|
|
HONE
2486
DELISTED
HarborOne Bancorp
HONE
| $7.34M | ﹤0.01% |
846,143
-24,331
| -3% | -$232K |
|
|
LUCK
2487
Lucky Strike Entertainment
LUCK
$919M
| $7.34M | ﹤0.01% |
630,956
+42,364
| +7% | +$565K |
|
2488
Cadre Holdings
CDRE
$1.32B
| $7.33M | ﹤0.01% |
336,430
+15,339
| +5% | +$326K |
|
2489
Metropolitan Bank Holding Corp
MCB
$1.15B
| $7.32M | ﹤0.01% |
210,815
+8,011
| +4% | +$241K |
|
2490
Marcus Corp
MCS
$946M
| $7.31M | ﹤0.01% |
492,926
+11,959
| +2% | +$193K |
|
|
BLUE
2491
DELISTED
bluebird bio
BLUE
| $7.3M | ﹤0.01% |
110,988
+6,056
| +6% | +$443K |
|
|
LGTY
2492
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $7.3M | ﹤0.01% |
694,506
+18,360
| +3% | +$221K |
|
|
SLRN
2493
DELISTED
ACELYRIN
SLRN
| $7.27M | ﹤0.01% |
+347,768
| New | +$7.11M |
|
2494
Business First Bancshares
BFST
$1.04B
| $7.24M | ﹤0.01% |
480,716
+21,242
| +5% | +$327K |
|
2495
IMAX
IMAX
$2.8B
| $7.24M | ﹤0.01% |
426,285
-8,035
| -2% | -$152K |
|
|
SLGC
2496
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
| $7.23M | ﹤0.01% |
3,131,743
+107,899
| +4% | +$305K |
|
2497
CNB Financial Corp
CCNE
$1.05B
| $7.19M | ﹤0.01% |
407,274
+27,864
| +7% | +$499K |
|
|
PTVE
2498
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $7.19M | ﹤0.01% |
949,202
-1,021
| -0.1% | -$7.79K |
|
2499
W&T Offshore
WTI
$522M
| $7.11M | ﹤0.01% |
1,837,281
+78,221
| +4% | +$336K |
|
2500
Independent Bank Corp
IBCP
$793M
| $7.08M | ﹤0.01% |
417,566
+14,434
| +4% | +$247K |
|
Similar funds
Geode Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Geode Capital Management held 4,889 positions worth $851B, up 11% from $770B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 4.4%. Geode Capital Management opened 83 new positions and exited 132, leaving the 4,889-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q2 2023 buy was Coupang: 4,567,454 shares worth $79.5M.
- Geode Capital Management added most to Microsoft in Q2 2023, an estimated $1.18B increase.
- Geode Capital Management's biggest Q2 2023 reduction was Procter & Gamble, cutting an estimated $246M.
- Geode Capital Management fully exited Evoqua Water Technologies Corp. Common Stock in Q2 2023, selling an estimated $111M.
- Geode Capital Management's ten largest holdings make up 26% of its $851B portfolio in Q2 2023.
- Geode Capital Management opened 83 new positions and closed 132 in Q2 2023.
- Geode Capital Management's portfolio value rose 11% quarter-over-quarter to $851B.
Based on Geode Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.