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 | |
|---|---|---|---|---|---|---|
2601
Mid Penn Bancorp
MPB
$970M
| $5.91M | ﹤0.01% |
267,808
+14,704
| +6% | +$336K |
|
2602
Northeast Bank
NBN
$1.13B
| $5.9M | ﹤0.01% |
141,561
+14,379
| +11% | +$545K |
|
2603
NuScale Power
SMR
$3.12B
| $5.89M | ﹤0.01% |
865,610
+351,171
| +68% | +$2.85M |
|
2604
Bowman Consulting
BWMN
$480M
| $5.87M | ﹤0.01% |
184,259
+102,349
| +125% | +$2.99M |
|
2605
Savara
SVRA
$1.09B
| $5.86M | ﹤0.01% |
1,833,679
+761,326
| +71% | +$1.79M |
|
|
PSTL
2606
Postal Realty Trust
PSTL
$698M
| $5.84M | ﹤0.01% |
397,216
+30,573
| +8% | +$452K |
|
2607
AST SpaceMobile
ASTS
$19B
| $5.82M | ﹤0.01% |
1,239,237
+623,669
| +101% | +$3.23M |
|
2608
Children's Place
PLCE
$56.3M
| $5.77M | ﹤0.01% |
248,807
+9,307
| +4% | +$237K |
|
2609
Evolus
EOLS
$398M
| $5.77M | ﹤0.01% |
793,741
+80,865
| +11% | +$698K |
|
2610
Farmers & Merchants Bancorp
FMAO
$462M
| $5.76M | ﹤0.01% |
256,081
+23,774
| +10% | +$523K |
|
2611
Compass Therapeutics
CMPX
$339M
| $5.75M | ﹤0.01% |
1,808,207
+924,644
| +105% | +$2.9M |
|
2612
Waterstone Financial
WSBF
$375M
| $5.7M | ﹤0.01% |
393,481
-14,155
| -3% | -$202K |
|
2613
Oric Pharmaceuticals
ORIC
$1.1B
| $5.66M | ﹤0.01% |
729,382
+421,960
| +137% | +$2.4M |
|
2614
Citizens & Northern Corp
CZNC
$454M
| $5.65M | ﹤0.01% |
292,629
+5,783
| +2% | +$113K |
|
2615
Phibro Animal Health
PAHC
$1.51B
| $5.62M | ﹤0.01% |
410,267
+21,236
| +5% | +$304K |
|
2616
Tucows
TCX
$153M
| $5.62M | ﹤0.01% |
202,487
+14,082
| +7% | +$363K |
|
2617
BrightView Holdings
BV
$1.26B
| $5.6M | ﹤0.01% |
780,514
+21,112
| +3% | +$133K |
|
2618
West Bancorporation
WTBA
$481M
| $5.6M | ﹤0.01% |
304,353
+2,990
| +1% | +$52.1K |
|
2619
Global E Online
GLBE
$6.75B
| $5.58M | ﹤0.01% |
136,217
+5,687
| +4% | +$187K |
|
|
EBTC
2620
DELISTED
Enterprise Bancorp
EBTC
| $5.56M | ﹤0.01% |
192,171
+8,555
| +5% | +$249K |
|
2621
Distribution Solutions Group
DSGR
$1.6B
| $5.56M | ﹤0.01% |
213,606
+16,492
| +8% | +$388K |
|
2622
Destination XL Group
DXLG
$30.4M
| $5.54M | ﹤0.01% |
1,131,560
+46,128
| +4% | +$217K |
|
2623
Greenlight Captial
GLRE
$552M
| $5.53M | ﹤0.01% |
524,854
+34,643
| +7% | +$343K |
|
|
GBIO
2624
DELISTED
Generation Bio
GBIO
| $5.53M | ﹤0.01% |
100,470
+7,094
| +8% | +$326K |
|
2625
Oil-Dri
ODC
$1.41B
| $5.52M | ﹤0.01% |
187,262
+96,836
| +107% | +$2.14M |
|
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.