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 | |
|---|---|---|---|---|---|---|
3026
Princeton Bancorp
BPRN
$281M
| $2.63M | ﹤0.01% |
96,380
+41,729
| +76% | +$1.18M |
|
|
ILPT
3027
Industrial Logistics Properties Trust
ILPT
$575M
| $2.63M | ﹤0.01% |
796,684
-645,266
| -45% | -$1.44M |
|
3028
SKYX Platforms
SKYX
$147M
| $2.62M | ﹤0.01% |
983,607
+582,316
| +145% | +$1.87M |
|
|
SBDS
3029
DELISTED
Solo Brands Inc
SBDS
| $2.6M | ﹤0.01% |
11,500
+1,157
| +11% | +$288K |
|
3030
Granite Ridge Resources
GRNT
$627M
| $2.6M | ﹤0.01% |
392,018
+238,793
| +156% | +$1.43M |
|
|
MAGN
3031
Magnera Corp
MAGN
$472M
| $2.59M | ﹤0.01% |
65,930
+689
| +1% | +$31.2K |
|
3032
B2Gold
BTG
$5B
| $2.56M | ﹤0.01% |
719,399
+67,406
| +10% | +$264K |
|
3033
The RealReal
REAL
$1.46B
| $2.54M | ﹤0.01% |
1,145,770
-835,792
| -42% | -$1.14M |
|
3034
KLX Energy Services
KLXE
$45M
| $2.53M | ﹤0.01% |
260,251
+150,390
| +137% | +$1.48M |
|
3035
Plains GP Holdings
PAGP
$5.21B
| $2.53M | ﹤0.01% |
170,460
+806
| +0.5% | +$11.1K |
|
3036
Noodles & Co
NDLS
$111M
| $2.52M | ﹤0.01% |
93,143
-189
| -0.2% | -$6.17K |
|
3037
Alamos Gold
AGI
$11.6B
| $2.52M | ﹤0.01% |
208,813
+59,738
| +40% | +$759K |
|
3038
Mayville Engineering Co
MEC
$654M
| $2.51M | ﹤0.01% |
201,840
+108,713
| +117% | +$1.37M |
|
3039
Indivior Pharmaceuticals
INDV
$4.73B
| $2.51M | ﹤0.01% |
+104,604
| New | +$2.4M |
|
3040
Chemung Financial Corp
CHMG
$393M
| $2.51M | ﹤0.01% |
65,304
+30,918
| +90% | +$1.18M |
|
3041
Arhaus
ARHS
$1.05B
| $2.5M | ﹤0.01% |
239,687
+17,821
| +8% | +$145K |
|
3042
Escalade
ESCA
$273M
| $2.5M | ﹤0.01% |
187,127
+98,209
| +110% | +$1.34M |
|
3043
BioAtla
BCAB
$5.46M
| $2.49M | ﹤0.01% |
16,622
+9,113
| +121% | +$1.57M |
|
|
AOMR
3044
Angel Oak Mortgage REIT
AOMR
$220M
| $2.49M | ﹤0.01% |
301,653
+1,290
| +0.4% | +$9.95K |
|
3045
Algoma Steel
ASTL
$406M
| $2.48M | ﹤0.01% |
289,468
+28,491
| +11% | +$211K |
|
|
OMGA
3046
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
| $2.48M | ﹤0.01% |
442,922
+261,379
| +144% | +$2.04M |
|
3047
IBEX
IBEX
$473M
| $2.47M | ﹤0.01% |
116,319
+24,739
| +27% | +$529K |
|
3048
KORU Medical Systems
KRMD
$189M
| $2.46M | ﹤0.01% |
711,643
+372,628
| +110% | +$1.46M |
|
3049
Smartbird Inc
BIRD
$19.5M
| $2.45M | ﹤0.01% |
97,356
+2,266
| +2% | +$56.5K |
|
3050
Silicon Motion
SIMO
$8.6B
| $2.45M | ﹤0.01% |
34,130
+70
| +0.2% | +$4.47K |
|
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.