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 | |
|---|---|---|---|---|---|---|
2876
Nature's Sunshine
NATR
$362M
| $3.55M | ﹤0.01% |
260,312
+15,001
| +6% | +$171K |
|
2877
CVRx
CVRX
$146M
| $3.53M | ﹤0.01% |
228,922
+115,463
| +102% | +$1.41M |
|
|
CVLY
2878
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $3.53M | ﹤0.01% |
180,215
+94,316
| +110% | +$1.79M |
|
2879
ThredUp
TDUP
$791M
| $3.53M | ﹤0.01% |
1,447,052
+160,343
| +12% | +$420K |
|
2880
American Express Global Business Travel
GBTG
$4.93B
| $3.53M | ﹤0.01% |
488,069
+299,100
| +158% | +$2.04M |
|
|
AGS
2881
DELISTED
PlayAGS
AGS
| $3.53M | ﹤0.01% |
624,375
+357,914
| +134% | +$2.09M |
|
2882
Mercer International
MERC
$43.9M
| $3.52M | ﹤0.01% |
436,073
+12,335
| +3% | +$112K |
|
|
QVCGA
2883
DELISTED
QVC Group Inc Series A
QVCGA
| $3.49M | ﹤0.01% |
70,522
-65,111
| -48% | -$2.93M |
|
|
VOXX
2884
DELISTED
VOXX International Corporation Class A
VOXX
| $3.49M | ﹤0.01% |
279,400
+132,741
| +91% | +$1.57M |
|
|
JBIO
2885
Jade Biosciences
JBIO
$1.16B
| $3.48M | ﹤0.01% |
5,802
+445
| +8% | +$285K |
|
2886
HighPeak Energy
HPK
$896M
| $3.47M | ﹤0.01% |
319,101
+43,117
| +16% | +$726K |
|
2887
InfuSystem Holdings
INFU
$189M
| $3.47M | ﹤0.01% |
360,264
+175,865
| +95% | +$1.59M |
|
|
TAST
2888
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $3.46M | ﹤0.01% |
687,108
+376,648
| +121% | +$1.71M |
|
2889
Lincoln Educational Services
LINC
$1.34B
| $3.46M | ﹤0.01% |
513,668
+215,019
| +72% | +$1.36M |
|
2890
Cadiz
CDZI
$259M
| $3.46M | ﹤0.01% |
851,537
+396,420
| +87% | +$1.75M |
|
|
PHLT
2891
DELISTED
Performant Healthcare Inc
PHLT
| $3.46M | ﹤0.01% |
1,279,710
+681,389
| +114% | +$1.97M |
|
|
BRDG
2892
DELISTED
Bridge Investment Group
BRDG
| $3.45M | ﹤0.01% |
303,990
-33,025
| -10% | -$336K |
|
2893
Tredegar Corp
TG
$266M
| $3.44M | ﹤0.01% |
516,198
+14,741
| +3% | +$117K |
|
2894
AlTi Global
ALTI
$430M
| $3.44M | ﹤0.01% |
449,095
+210,772
| +88% | +$1.48M |
|
|
INZY
2895
DELISTED
Inozyme Pharma
INZY
| $3.44M | ﹤0.01% |
617,459
+376,251
| +156% | +$2.22M |
|
2896
Orange County Bancorp
OBT
$515M
| $3.44M | ﹤0.01% |
185,888
+107,032
| +136% | +$1.89M |
|
2897
Zevra Therapeutics
ZVRA
$575M
| $3.43M | ﹤0.01% |
671,576
+352,558
| +111% | +$1.9M |
|
2898
Altimmune
ALT
$576M
| $3.42M | ﹤0.01% |
969,861
+487,500
| +101% | +$2.19M |
|
2899
Lineage Cell Therapeutics
LCTX
$272M
| $3.41M | ﹤0.01% |
2,420,808
+1,138,808
| +89% | +$1.57M |
|
2900
C&F Financial
CFFI
$275M
| $3.4M | ﹤0.01% |
63,245
+32,824
| +108% | +$1.74M |
|
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.