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 | |
|---|---|---|---|---|---|---|
2776
GoodRx Holdings
GDRX
$1.07B
| $4.26M | ﹤0.01% |
771,678
-18,926
| -2% | -$102K |
|
2777
Teekay
TK
$1.03B
| $4.23M | ﹤0.01% |
700,846
+13,623
| +2% | +$79.5K |
|
|
IAUX
2778
i-80 Gold Corp
IAUX
$1.15B
| $4.22M | ﹤0.01% |
+1,875,949
| New | +$4.42M |
|
2779
First Business Financial Services
FBIZ
$606M
| $4.22M | ﹤0.01% |
143,069
+2,753
| +2% | +$78.1K |
|
2780
eHealth
EHTH
$44.4M
| $4.22M | ﹤0.01% |
524,574
+17,494
| +3% | +$140K |
|
2781
Lexicon Pharmaceuticals
LXRX
$1.03B
| $4.21M | ﹤0.01% |
1,840,437
+115,028
| +7% | +$305K |
|
2782
Monte Rosa Therapeutics
GLUE
$1.31B
| $4.2M | ﹤0.01% |
613,231
+30,142
| +5% | +$195K |
|
2783
Seer Inc
SEER
$123M
| $4.2M | ﹤0.01% |
982,900
+120,530
| +14% | +$471K |
|
2784
Rackspace Technology
RXT
$1.21B
| $4.19M | ﹤0.01% |
1,541,703
+292,864
| +23% | +$483K |
|
|
EGRX
2785
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $4.18M | ﹤0.01% |
214,994
+11,841
| +6% | +$281K |
|
|
BGFV
2786
DELISTED
Big 5 Sporting Goods
BGFV
| $4.18M | ﹤0.01% |
456,164
+12,316
| +3% | +$98.3K |
|
2787
GrowGeneration
GRWG
$87.7M
| $4.17M | ﹤0.01% |
1,227,072
+47,641
| +4% | +$169K |
|
2788
Norwood Financial Corp
NWFL
$372M
| $4.17M | ﹤0.01% |
141,178
+71,473
| +103% | +$1.96M |
|
|
ZYXI
2789
DELISTED
Zynex
ZYXI
| $4.15M | ﹤0.01% |
433,188
-4,452
| -1% | -$46.2K |
|
|
FFWM
2790
DELISTED
First Foundation Inc
FFWM
| $4.15M | ﹤0.01% |
1,044,491
+27,563
| +3% | +$142K |
|
|
PBPB
2791
DELISTED
Potbelly
PBPB
| $4.14M | ﹤0.01% |
471,647
+243,827
| +107% | +$2.14M |
|
2792
Hippo Holdings
HIPO
$849M
| $4.14M | ﹤0.01% |
250,337
-60,535
| -19% | -$1.05M |
|
2793
Hallador Energy
HNRG
$705M
| $4.14M | ﹤0.01% |
482,693
+245,098
| +103% | +$2.09M |
|
2794
Stantec
STN
$8.16B
| $4.13M | ﹤0.01% |
61,348
+4,420
| +8% | +$267K |
|
2795
Pure Cycle
PCYO
$258M
| $4.13M | ﹤0.01% |
375,491
+5,017
| +1% | +$49.8K |
|
|
DNMR
2796
DELISTED
Danimer Scientific, Inc.
DNMR
| $4.13M | ﹤0.01% |
43,377
-239
| -0.5% | -$30.7K |
|
2797
Greene County Bancorp
GCBC
$584M
| $4.13M | ﹤0.01% |
138,457
+4,275
| +3% | +$103K |
|
2798
Full House Resorts
FLL
$83.4M
| $4.12M | ﹤0.01% |
615,319
-13,171
| -2% | -$90.6K |
|
2799
Acacia Research
ACTG
$439M
| $4.1M | ﹤0.01% |
986,154
+562,574
| +133% | +$2.27M |
|
2800
Holley
HLLY
$333M
| $4.1M | ﹤0.01% |
1,002,987
+34,594
| +4% | +$103K |
|
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.