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 | |
|---|---|---|---|---|---|---|
2976
AMES National
ATLO
$271M
| $2.94M | ﹤0.01% |
162,965
+76,340
| +88% | +$1.43M |
|
2977
Pearson
PSO
$10.2B
| $2.93M | ﹤0.01% |
279,229
| – | – |
|
2978
Oppenheimer Holdings
OPY
$1.14B
| $2.92M | ﹤0.01% |
72,656
-71,320
| -50% | -$2.72M |
|
|
NREF
2979
NexPoint Real Estate Finance
NREF
$320M
| $2.92M | ﹤0.01% |
187,198
+28,946
| +18% | +$414K |
|
2980
Hagerty
HGTY
$1.17B
| $2.91M | ﹤0.01% |
311,125
+35,739
| +13% | +$330K |
|
2981
Zevia
ZVIA
$122M
| $2.91M | ﹤0.01% |
675,115
+317,041
| +89% | +$1.22M |
|
|
XOMA
2982
DELISTED
Xoma
XOMA
| $2.91M | ﹤0.01% |
153,895
+72,223
| +88% | +$1.35M |
|
2983
PDS Biotechnology
PDSB
$38.4M
| $2.9M | ﹤0.01% |
577,394
+285,141
| +98% | +$1.87M |
|
|
MPX
2984
DELISTED
Marine Products Corp
MPX
| $2.9M | ﹤0.01% |
171,713
+10,854
| +7% | +$160K |
|
2985
Virginia National Bankshares
VABK
$248M
| $2.89M | ﹤0.01% |
89,862
+52,403
| +140% | +$1.65M |
|
2986
Dakota Gold
DC
$608M
| $2.88M | ﹤0.01% |
986,542
+57,186
| +6% | +$188K |
|
2987
Global Water Resources
GWRS
$206M
| $2.87M | ﹤0.01% |
226,702
-11,034
| -5% | -$130K |
|
2988
Foghorn Therapeutics
FHTX
$266M
| $2.86M | ﹤0.01% |
406,548
+20,540
| +5% | +$144K |
|
2989
Bankwell Financial Group
BWFG
$543M
| $2.86M | ﹤0.01% |
117,392
+4,783
| +4% | +$113K |
|
2990
Ranger Energy Services
RNGR
$376M
| $2.86M | ﹤0.01% |
279,440
+161,034
| +136% | +$1.8M |
|
|
SSBK
2991
DELISTED
Southern States Bancshares
SSBK
| $2.85M | ﹤0.01% |
134,882
+76,804
| +132% | +$1.65M |
|
2992
Canadian Solar
CSIQ
$1.02B
| $2.84M | ﹤0.01% |
73,456
+640
| +0.9% | +$24.8K |
|
2993
NACCO Industries
NC
$357M
| $2.84M | ﹤0.01% |
81,989
+7,278
| +10% | +$249K |
|
2994
Crawford & Co Class A
CRD.A
$532M
| $2.84M | ﹤0.01% |
256,222
+4,181
| +2% | +$40.3K |
|
2995
Rocky Brands
RCKY
$366M
| $2.83M | ﹤0.01% |
134,788
+1,305
| +1% | +$28.7K |
|
2996
Cato Corp
CATO
$68.3M
| $2.81M | ﹤0.01% |
350,452
+3,315
| +1% | +$27.5K |
|
2997
Ardagh Metal Packaging
AMBP
$2.83B
| $2.81M | ﹤0.01% |
748,196
+8,205
| +1% | +$30.3K |
|
2998
Colony Bankcorp
CBAN
$465M
| $2.81M | ﹤0.01% |
298,413
+5,858
| +2% | +$55.6K |
|
|
NVMI
2999
Nova
NVMI
$12.4B
| $2.8M | ﹤0.01% |
23,843
+76
| +0.3% | +$7.77K |
|
3000
Rallybio
RLYB
$84.5M
| $2.79M | ﹤0.01% |
61,671
+16,201
| +36% | +$794K |
|
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.