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 | |
|---|---|---|---|---|---|---|
2701
Universal Logistics Holdings
ULH
$480M
| $4.8M | ﹤0.01% |
166,704
+7,264
| +5% | +$201K |
|
2702
John Marshall Bancorp
JMSB
$334M
| $4.8M | ﹤0.01% |
238,920
+17,614
| +8% | +$351K |
|
2703
OptimizeRx
OPRX
$123M
| $4.8M | ﹤0.01% |
335,653
+12,063
| +4% | +$172K |
|
2704
Westrock Coffee
WEST
$807M
| $4.8M | ﹤0.01% |
441,255
+286,348
| +185% | +$3.32M |
|
2705
Ascendis Pharma A/S
ASND
$16B
| $4.78M | ﹤0.01% |
53,565
+1,832
| +4% | +$159K |
|
|
BLFY
2706
DELISTED
Blue Foundry Bancorp
BLFY
| $4.78M | ﹤0.01% |
472,442
-9,601
| -2% | -$92.5K |
|
2707
Nerdy
NRDY
$108M
| $4.77M | ﹤0.01% |
1,142,983
+66,544
| +6% | +$236K |
|
|
ENFN
2708
DELISTED
Enfusion, Inc.
ENFN
| $4.76M | ﹤0.01% |
424,617
+52,783
| +14% | +$468K |
|
2709
Amplify Energy
AMPY
$166M
| $4.76M | ﹤0.01% |
703,112
+39,736
| +6% | +$277K |
|
2710
Radiant Logistics
RLGT
$393M
| $4.75M | ﹤0.01% |
706,295
+28,681
| +4% | +$185K |
|
|
MCBC
2711
DELISTED
Macatawa Bank Corp
MCBC
| $4.74M | ﹤0.01% |
510,621
+30,799
| +6% | +$286K |
|
2712
Advantage Solutions
ADV
$527M
| $4.74M | ﹤0.01% |
80,996
+1,028
| +1% | +$44K |
|
|
CARM
2713
DELISTED
Carisma Therapeutics
CARM
| $4.74M | ﹤0.01% |
539,996
+421,293
| +355% | +$2.29M |
|
2714
Outlook Therapeutics
OTLK
$171M
| $4.73M | ﹤0.01% |
136,040
+9,156
| +7% | +$250K |
|
2715
Caribou Biosciences
CRBU
$149M
| $4.72M | ﹤0.01% |
1,111,551
+41,927
| +4% | +$188K |
|
2716
Financial Institutions
FISI
$838M
| $4.7M | ﹤0.01% |
298,601
+6,872
| +2% | +$116K |
|
|
SNPO
2717
DELISTED
Snap One Holdings Corp. Common Stock
SNPO
| $4.69M | ﹤0.01% |
402,836
+11,373
| +3% | +$107K |
|
2718
Asure Software
ASUR
$253M
| $4.69M | ﹤0.01% |
385,676
+202,007
| +110% | +$2.69M |
|
|
SMMF
2719
DELISTED
Summit Financial Group, Inc.
SMMF
| $4.68M | ﹤0.01% |
226,549
+19,289
| +9% | +$379K |
|
2720
Home Bancorp
HBCP
$567M
| $4.68M | ﹤0.01% |
140,843
+502
| +0.4% | +$16.1K |
|
|
PINE
2721
Alpine Income Property Trust
PINE
$335M
| $4.67M | ﹤0.01% |
287,583
+169,341
| +143% | +$2.69M |
|
2722
PMV Pharmaceuticals
PMVP
$59.7M
| $4.67M | ﹤0.01% |
745,334
+79,223
| +12% | +$415K |
|
2723
Immersion
IMMR
$248M
| $4.67M | ﹤0.01% |
658,984
+330,158
| +100% | +$2.44M |
|
2724
Forum Energy Technologies
FET
$795M
| $4.66M | ﹤0.01% |
181,981
+143,265
| +370% | +$3.39M |
|
2725
Costamare
CMRE
$1.87B
| $4.64M | ﹤0.01% |
479,978
-22,071
| -4% | -$198K |
|
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.