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 | |
|---|---|---|---|---|---|---|
2726
Kodiak Sciences
KOD
$2.49B
| $4.62M | ﹤0.01% |
669,551
+43,167
| +7% | +$264K |
|
2727
Donegal Group Class A
DGICA
$732M
| $4.62M | ﹤0.01% |
320,100
+14,412
| +5% | +$213K |
|
2728
MVB Financial
MVBF
$399M
| $4.61M | ﹤0.01% |
218,730
+17,664
| +9% | +$332K |
|
2729
Lufax Holding
LU
$1.31B
| $4.57M | ﹤0.01% |
804,211
-345,224
| -30% | -$2.28M |
|
2730
X4 Pharmaceuticals
XFOR
$386M
| $4.56M | ﹤0.01% |
78,340
+41,384
| +112% | +$2.13M |
|
2731
Garrett Motion
GTX
$5.71B
| $4.54M | ﹤0.01% |
600,163
+11,389
| +2% | +$91.4K |
|
|
SCPH
2732
DELISTED
scPharmaceuticals
SCPH
| $4.54M | ﹤0.01% |
445,714
+274,270
| +160% | +$2.86M |
|
2733
Energy Vault
NRGV
$553M
| $4.54M | ﹤0.01% |
1,661,273
+305,926
| +23% | +$644K |
|
2734
Hyliion Holdings
HYLN
$672M
| $4.52M | ﹤0.01% |
2,707,052
+198,864
| +8% | +$335K |
|
2735
Cooper-Standard Automotive
CPS
$538M
| $4.52M | ﹤0.01% |
316,643
+163,536
| +107% | +$1.99M |
|
2736
Ezcorp Inc
EZPW
$1.86B
| $4.51M | ﹤0.01% |
538,744
-469,504
| -47% | -$4.07M |
|
|
AKTS
2737
DELISTED
Akoustis Technologies Inc
AKTS
| $4.51M | ﹤0.01% |
1,418,039
+16,361
| +1% | +$50.2K |
|
2738
Red River Bancshares
RRBI
$670M
| $4.5M | ﹤0.01% |
91,562
+9,346
| +11% | +$457K |
|
|
CSTR
2739
DELISTED
CapStar Financial Holdings, Inc
CSTR
| $4.5M | ﹤0.01% |
366,375
-558
| -0.2% | -$7.39K |
|
2740
Intrepid Potash
IPI
$447M
| $4.49M | ﹤0.01% |
197,674
-1,079
| -0.5% | -$24.4K |
|
2741
Willdan Group
WLDN
$1.11B
| $4.48M | ﹤0.01% |
233,994
+1,804
| +0.8% | +$30.3K |
|
2742
Red Violet
RDVT
$968M
| $4.48M | ﹤0.01% |
217,888
+18,107
| +9% | +$338K |
|
2743
Legacy Housing
LEGH
$625M
| $4.48M | ﹤0.01% |
193,228
+16,388
| +9% | +$355K |
|
2744
Janux Therapeutics
JANX
$934M
| $4.48M | ﹤0.01% |
377,225
+22,640
| +6% | +$303K |
|
2745
Freedom Holding
FRHC
$9.73B
| $4.47M | ﹤0.01% |
55,310
+209
| +0.4% | +$16.4K |
|
2746
Erasca
ERAS
$6.19B
| $4.46M | ﹤0.01% |
1,615,197
+91,167
| +6% | +$260K |
|
2747
Future Fuel
FF
$215M
| $4.45M | ﹤0.01% |
503,262
+16,007
| +3% | +$134K |
|
2748
Sportsman's Warehouse
SPWH
$44.9M
| $4.44M | ﹤0.01% |
778,838
+14,565
| +2% | +$87.7K |
|
2749
Ternium
TX
$9.76B
| $4.44M | ﹤0.01% |
111,854
-863
| -0.8% | -$34.8K |
|
2750
Limbach Holdings
LMB
$873M
| $4.43M | ﹤0.01% |
179,206
+94,647
| +112% | +$1.9M |
|
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.