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 | |
|---|---|---|---|---|---|---|
2676
Limoneira
LMNR
$239M
| $5.01M | ﹤0.01% |
321,863
+177,676
| +123% | +$2.93M |
|
|
BBUC
2677
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.42B
| $4.98M | ﹤0.01% |
263,898
+25,530
| +11% | +$512K |
|
2678
First Watch Restaurant Group
FWRG
$771M
| $4.97M | ﹤0.01% |
293,985
+7,559
| +3% | +$125K |
|
2679
Tyra Biosciences
TYRA
$1.91B
| $4.94M | ﹤0.01% |
289,998
+3,894
| +1% | +$56.5K |
|
|
ICVX
2680
DELISTED
Icosavax, Inc. Common Stock
ICVX
| $4.92M | ﹤0.01% |
495,831
+76,542
| +18% | +$613K |
|
2681
HBT Financial
HBT
$1.3B
| $4.92M | ﹤0.01% |
266,726
+2,941
| +1% | +$53.8K |
|
2682
Nuvation Bio
NUVB
$2.14B
| $4.92M | ﹤0.01% |
2,730,710
+342,435
| +14% | +$582K |
|
2683
SelectQuote
SLQT
$133M
| $4.91M | ﹤0.01% |
2,515,563
+87,245
| +4% | +$147K |
|
|
OSG
2684
DELISTED
Overseas Shipholding Group Inc.
OSG
| $4.9M | ﹤0.01% |
1,174,635
+595,441
| +103% | +$2.3M |
|
2685
uniQure
QURE
$3.06B
| $4.9M | ﹤0.01% |
427,284
+13,373
| +3% | +$253K |
|
2686
Mineralys Therapeutics
MLYS
$2.27B
| $4.89M | ﹤0.01% |
286,659
+3,006
| +1% | +$44.9K |
|
|
BRT
2687
BRT Apartments
BRT
$282M
| $4.89M | ﹤0.01% |
246,761
+15,328
| +7% | +$284K |
|
2688
Colliers International
CIGI
$5.08B
| $4.87M | ﹤0.01% |
49,636
+3,056
| +7% | +$297K |
|
2689
MediaAlpha
MAX
$781M
| $4.86M | ﹤0.01% |
471,095
+25,087
| +6% | +$227K |
|
|
NOTE
2690
DELISTED
FiscalNote
NOTE
| $4.86M | ﹤0.01% |
111,185
+58,953
| +113% | +$1.66M |
|
2691
Zymeworks
ZYME
$1.6B
| $4.86M | ﹤0.01% |
561,927
+530,427
| +1,684% | +$4.75M |
|
2692
Regional Management Corp
RM
$324M
| $4.85M | ﹤0.01% |
159,155
+2,537
| +2% | +$69.6K |
|
|
FRGE
2693
DELISTED
Forge Global Holdings
FRGE
| $4.85M | ﹤0.01% |
133,054
+73,796
| +125% | +$1.81M |
|
2694
Wave Life Sciences
WVE
$1.13B
| $4.84M | ﹤0.01% |
1,329,675
+636,873
| +92% | +$2.57M |
|
|
BHR
2695
Braemar Hotels & Resorts
BHR
$148M
| $4.84M | ﹤0.01% |
1,203,678
+16,461
| +1% | +$65K |
|
|
YMAB
2696
DELISTED
Y-mAbs Therapeutics
YMAB
| $4.83M | ﹤0.01% |
711,664
+49,019
| +7% | +$367K |
|
|
AMRS
2697
DELISTED
Amyris Inc.
AMRS
| $4.83M | ﹤0.01% |
4,685,812
+335,036
| +8% | +$312K |
|
2698
Pangaea Logistics
PANL
$498M
| $4.82M | ﹤0.01% |
711,450
+340,906
| +92% | +$2.1M |
|
2699
Tenaya Therapeutics
TNYA
$158M
| $4.81M | ﹤0.01% |
819,572
+28,782
| +4% | +$167K |
|
|
CMAX
2700
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $4.8M | ﹤0.01% |
51,480
+6,780
| +15% | +$597K |
|
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.