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 | |
|---|---|---|---|---|---|---|
2551
SmartFinancial
SMBK
$909M
| $6.51M | ﹤0.01% |
302,447
+12,346
| +4% | +$270K |
|
2552
Cabaletta Bio
CABA
$439M
| $6.49M | ﹤0.01% |
502,727
+282,877
| +129% | +$3.07M |
|
2553
Vuzix
VUZI
$200M
| $6.48M | ﹤0.01% |
1,268,939
+185,856
| +17% | +$823K |
|
|
HTB
2554
HomeTrust Bancshares
HTB
$861M
| $6.47M | ﹤0.01% |
309,515
+26,597
| +9% | +$565K |
|
|
OPTU
2555
Optimum Communications Inc
OPTU
$336M
| $6.45M | ﹤0.01% |
2,134,906
-880,951
| -29% | -$2.5M |
|
2556
SES AI
SES
$218M
| $6.43M | ﹤0.01% |
2,636,669
+1,386,462
| +111% | +$2.69M |
|
2557
Citizens Financial Services
CZFS
$368M
| $6.43M | ﹤0.01% |
88,111
+44,801
| +103% | +$3.64M |
|
2558
MacroGenics
MGNX
$243M
| $6.43M | ﹤0.01% |
1,202,016
+38,320
| +3% | +$236K |
|
2559
Hingham Institution for Saving
HIFS
$647M
| $6.42M | ﹤0.01% |
30,129
+762
| +3% | +$155K |
|
2560
Stoke Therapeutics
STOK
$1.84B
| $6.38M | ﹤0.01% |
599,780
+113,100
| +23% | +$1.2M |
|
|
FARO
2561
DELISTED
Faro Technologies
FARO
| $6.37M | ﹤0.01% |
393,461
+25,454
| +7% | +$450K |
|
2562
Equity Bancshares
EQBK
$1.05B
| $6.37M | ﹤0.01% |
279,591
-4,193
| -1% | -$98.1K |
|
2563
NerdWallet
NRDS
$599M
| $6.36M | ﹤0.01% |
676,156
+110,431
| +20% | +$1.25M |
|
|
ALPN
2564
DELISTED
Alpine Immune Sciences Inc
ALPN
| $6.35M | ﹤0.01% |
617,974
+61,767
| +11% | +$557K |
|
|
ONC
2565
BeOne Medicines Ltd
ONC
$32.6B
| $6.35M | ﹤0.01% |
35,613
-9,295
| -21% | -$2.14M |
|
2566
Alerus Financial
ALRS
$853M
| $6.34M | ﹤0.01% |
352,366
+50,107
| +17% | +$812K |
|
2567
PetMed Express
PETS
$42.3M
| $6.32M | ﹤0.01% |
458,003
+20,992
| +5% | +$315K |
|
2568
MetroCity Bankshares
MCBS
$1.02B
| $6.31M | ﹤0.01% |
352,505
+13,617
| +4% | +$228K |
|
|
TDAY
2569
USA Today Co
TDAY
$1.32B
| $6.31M | ﹤0.01% |
2,802,689
+110,851
| +4% | +$221K |
|
|
BAND
2570
Bandwidth Inc
BAND
$1.4B
| $6.25M | ﹤0.01% |
456,631
+16,875
| +4% | +$213K |
|
2571
EVgo
EVGO
$227M
| $6.24M | ﹤0.01% |
1,560,326
+124,733
| +9% | +$637K |
|
2572
Weave Communications
WEAV
$537M
| $6.24M | ﹤0.01% |
561,349
+37,630
| +7% | +$251K |
|
2573
Ardmore Shipping
ASC
$712M
| $6.23M | ﹤0.01% |
504,555
+106,379
| +27% | +$1.42M |
|
2574
NWPX Infrastructure Inc
NWPX
$1.23B
| $6.19M | ﹤0.01% |
204,807
+10,362
| +5% | +$294K |
|
|
ALLK
2575
DELISTED
Allakos
ALLK
| $6.19M | ﹤0.01% |
1,419,803
+664,221
| +88% | +$2.99M |
|
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.