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 | |
|---|---|---|---|---|---|---|
2901
FTC Solar
FTCI
$47.2M
| $3.39M | ﹤0.01% |
105,392
+30,339
| +40% | +$834K |
|
2902
Grindr
GRND
$3.28B
| $3.38M | ﹤0.01% |
611,119
+349,012
| +133% | +$2.12M |
|
2903
CorMedix
CRMD
$591M
| $3.37M | ﹤0.01% |
851,064
+477,084
| +128% | +$2.36M |
|
2904
National Bankshares
NKSH
$264M
| $3.36M | ﹤0.01% |
114,999
+57,989
| +102% | +$1.73M |
|
2905
PCB Bancorp
PCB
$394M
| $3.35M | ﹤0.01% |
227,859
+1,670
| +0.7% | +$23.8K |
|
2906
Viemed Healthcare
VMD
$447M
| $3.35M | ﹤0.01% |
342,707
+323,278
| +1,664% | +$3.28M |
|
2907
Village Super Market
VLGEA
$658M
| $3.35M | ﹤0.01% |
146,764
+5,067
| +4% | +$110K |
|
2908
Weyco Group
WEYS
$382M
| $3.34M | ﹤0.01% |
125,231
+4,326
| +4% | +$116K |
|
2909
Primis Financial Corp
FRST
$404M
| $3.34M | ﹤0.01% |
396,911
+7,039
| +2% | +$58.9K |
|
2910
The ONE Group
STKS
$57.1M
| $3.34M | ﹤0.01% |
456,078
-1,340
| -0.3% | -$10.2K |
|
|
RSVR
2911
DELISTED
Reservoir Media
RSVR
| $3.34M | ﹤0.01% |
554,272
+43,402
| +8% | +$275K |
|
2912
ALX Oncology
ALXO
$269M
| $3.34M | ﹤0.01% |
444,298
+23,254
| +6% | +$152K |
|
2913
Quantum-Si Incorporated
QSI
$163M
| $3.33M | ﹤0.01% |
1,858,730
+130,091
| +8% | +$204K |
|
2914
Parke Bancorp
PKBK
$401M
| $3.32M | ﹤0.01% |
195,424
+13,935
| +8% | +$234K |
|
|
EU
2915
enCore Energy
EU
$206M
| $3.32M | ﹤0.01% |
+1,377,246
| New | +$3.07M |
|
|
BCOV
2916
DELISTED
Brightcove, Inc.
BCOV
| $3.31M | ﹤0.01% |
826,013
+13,027
| +2% | +$52.7K |
|
2917
Precigen
PGEN
$2.29B
| $3.31M | ﹤0.01% |
2,876,190
+238,524
| +9% | +$282K |
|
2918
TELA Bio
TELA
$33.6M
| $3.3M | ﹤0.01% |
325,696
+232,441
| +249% | +$2.38M |
|
2919
Clover Health Investments
CLOV
$2.3B
| $3.27M | ﹤0.01% |
3,649,823
-3,255,478
| -47% | -$2.89M |
|
2920
Atara Biotherapeutics
ATRA
$76.7M
| $3.27M | ﹤0.01% |
81,262
+4,679
| +6% | +$265K |
|
|
PWOD
2921
DELISTED
Penns Woods Bancorp
PWOD
| $3.27M | ﹤0.01% |
130,625
+66,810
| +105% | +$1.62M |
|
|
GRTS
2922
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
| $3.27M | ﹤0.01% |
1,676,058
+931,478
| +125% | +$2.18M |
|
2923
Capital Bancorp
CBNK
$614M
| $3.26M | ﹤0.01% |
180,226
+7,786
| +5% | +$133K |
|
|
ITI
2924
DELISTED
Iteris, Inc.
ITI
| $3.25M | ﹤0.01% |
820,725
+429,750
| +110% | +$1.92M |
|
2925
Latham Group
SWIM
$654M
| $3.25M | ﹤0.01% |
875,018
+38,698
| +5% | +$118K |
|
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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.