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 | |
|---|---|---|---|---|---|---|
2501
Southern Missouri Bancorp
SMBC
$860M
| $7.08M | ﹤0.01% |
184,183
+10,702
| +6% | +$394K |
|
|
EVA
2502
DELISTED
Enviva Inc.
EVA
| $7.06M | ﹤0.01% |
650,588
+250,375
| +63% | +$3.65M |
|
2503
Accuray
ARAY
$34.6M
| $7.05M | ﹤0.01% |
1,820,803
+891,096
| +96% | +$3.09M |
|
2504
Forrester Research
FORR
$219M
| $7.05M | ﹤0.01% |
242,202
+10,391
| +4% | +$309K |
|
|
FFIC
2505
DELISTED
Flushing Financial
FFIC
| $7.04M | ﹤0.01% |
573,135
+24,477
| +4% | +$308K |
|
2506
Xeris Biopharma Holdings
XERS
$1.41B
| $7.03M | ﹤0.01% |
2,681,805
+151,100
| +6% | +$385K |
|
2507
Phathom Pharmaceuticals
PHAT
$701M
| $7.02M | ﹤0.01% |
490,123
+41,512
| +9% | +$479K |
|
|
QUOT
2508
DELISTED
Quotient Technology Inc
QUOT
| $7.01M | ﹤0.01% |
1,826,140
+91,356
| +5% | +$283K |
|
2509
Solid Power
SLDP
$497M
| $7.01M | ﹤0.01% |
2,759,570
+373,395
| +16% | +$862K |
|
|
BVH
2510
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $7.01M | ﹤0.01% |
196,526
+20,184
| +11% | +$607K |
|
2511
Bar Harbor Bankshares
BHB
$676M
| $7.01M | ﹤0.01% |
284,299
+14,421
| +5% | +$356K |
|
2512
Perella Weinberg Partners
PWP
$1.26B
| $7M | ﹤0.01% |
840,304
+73,532
| +10% | +$607K |
|
2513
Gevo
GEVO
$375M
| $6.98M | ﹤0.01% |
4,591,229
+437,006
| +11% | +$565K |
|
2514
Pennant Group
PNTG
$1.37B
| $6.97M | ﹤0.01% |
567,852
+41,639
| +8% | +$529K |
|
2515
Excelerate Energy
EE
$1.23B
| $6.97M | ﹤0.01% |
342,898
+11,834
| +4% | +$247K |
|
2516
AMC Global Media
AMCX
$496M
| $6.97M | ﹤0.01% |
583,138
+19,948
| +4% | +$288K |
|
2517
LSI Industries
LYTS
$903M
| $6.97M | ﹤0.01% |
554,580
+279,550
| +102% | +$3.5M |
|
2518
Johnson Outdoors
JOUT
$504M
| $6.96M | ﹤0.01% |
113,300
+1,331
| +1% | +$79.5K |
|
2519
Ivanhoe Electric
IE
$1.62B
| $6.93M | ﹤0.01% |
531,209
+100,892
| +23% | +$1.27M |
|
2520
Daily Journal
DJCO
$824M
| $6.92M | ﹤0.01% |
23,914
+1,116
| +5% | +$315K |
|
|
TERN
2521
DELISTED
Terns Pharmaceuticals
TERN
| $6.89M | ﹤0.01% |
787,511
+482,795
| +158% | +$5.63M |
|
2522
Vital Farms
VITL
$522M
| $6.88M | ﹤0.01% |
574,132
+25,149
| +5% | +$351K |
|
|
OLPX
2523
DELISTED
Olaplex Holdings
OLPX
| $6.87M | ﹤0.01% |
1,845,742
+88,348
| +5% | +$324K |
|
|
SFIX
2524
Stitch Fix
SFIX
$564M
| $6.83M | ﹤0.01% |
1,774,012
+43,675
| +3% | +$165K |
|
2525
Castle Biosciences
CSTL
$935M
| $6.83M | ﹤0.01% |
497,684
+12,730
| +3% | +$258K |
|
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.