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 | |
|---|---|---|---|---|---|---|
2951
RGC Resources
RGCO
$223M
| $3.11M | ﹤0.01% |
155,281
+84,749
| +120% | +$1.75M |
|
2952
Annexon
ANNX
$835M
| $3.11M | ﹤0.01% |
883,510
+496,427
| +128% | +$2.17M |
|
2953
Workhorse Group
WKHS
$33.2M
| $3.1M | ﹤0.01% |
1,186
+85
| +8% | +$245K |
|
2954
First Bank
FRBA
$464M
| $3.1M | ﹤0.01% |
298,499
+4,658
| +2% | +$47.5K |
|
2955
ClearPoint Neuro
CLPT
$448M
| $3.1M | ﹤0.01% |
427,807
+205,334
| +92% | +$1.75M |
|
|
NETI
2956
DELISTED
Eneti Inc.
NETI
| $3.09M | ﹤0.01% |
255,206
+53,706
| +27% | +$524K |
|
|
IMA
2957
ImageneBio Inc
IMA
$63M
| $3.06M | ﹤0.01% |
38,933
+18,706
| +92% | +$1.34M |
|
2958
Tower Semiconductor
TSEM
$24.8B
| $3.06M | ﹤0.01% |
81,506
+190
| +0.2% | +$7.86K |
|
2959
Velocity Financial
VEL
$689M
| $3.05M | ﹤0.01% |
264,661
+12,142
| +5% | +$117K |
|
2960
Jakks Pacific
JAKK
$301M
| $3.05M | ﹤0.01% |
152,697
+73,733
| +93% | +$1.6M |
|
|
HUT
2961
Hut 8
HUT
$12.1B
| $3.05M | ﹤0.01% |
184,296
+29,959
| +19% | +$307K |
|
2962
Gencor Industries
GENC
$209M
| $3.04M | ﹤0.01% |
195,169
+86,904
| +80% | +$1.25M |
|
|
KZR
2963
DELISTED
Kezar Life Sciences
KZR
| $3.03M | ﹤0.01% |
123,676
+20,180
| +19% | +$525K |
|
2964
DHI Group
DHX
$182M
| $3.02M | ﹤0.01% |
789,392
+54,687
| +7% | +$203K |
|
2965
Vera Bradley
VRA
$97M
| $3.02M | ﹤0.01% |
473,126
+226,285
| +92% | +$1.28M |
|
2966
KVH Industries
KVHI
$181M
| $3.02M | ﹤0.01% |
330,316
+185,990
| +129% | +$1.87M |
|
|
FRGI
2967
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $3.01M | ﹤0.01% |
379,397
+178,631
| +89% | +$1.42M |
|
2968
Choiceone Financial
COFS
$509M
| $3.01M | ﹤0.01% |
130,860
+72,490
| +124% | +$1.68M |
|
2969
Tilly's
TLYS
$116M
| $3.01M | ﹤0.01% |
428,845
+8,543
| +2% | +$62.6K |
|
|
MACK
2970
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $3M | ﹤0.01% |
243,802
+113,638
| +87% | +$1.42M |
|
2971
TaskUs
TASK
$556M
| $2.99M | ﹤0.01% |
264,387
+3,242
| +1% | +$39.4K |
|
|
AY
2972
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $2.98M | ﹤0.01% |
127,295
+1,080
| +0.9% | +$27.7K |
|
|
CWBC
2973
Community West Bancshares
CWBC
$679M
| $2.98M | ﹤0.01% |
193,079
+93,036
| +93% | +$1.44M |
|
2974
Bausch Health
BHC
$2.58B
| $2.98M | ﹤0.01% |
315,954
+6,690
| +2% | +$49.3K |
|
2975
Mistras Group
MG
$484M
| $2.98M | ﹤0.01% |
385,576
+224,155
| +139% | +$1.67M |
|
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.