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 | |
|---|---|---|---|---|---|---|
3126
ReNew
RNW
$2.27B
| $1.9M | ﹤0.01% |
346,372
-16,141
| -4% | -$88.3K |
|
3127
Vroom Inc
VRM
$39M
| $1.9M | ﹤0.01% |
16,470
+43
| +0.3% | +$3.28K |
|
3128
Skillsoft
SKIL
$63.7M
| $1.89M | ﹤0.01% |
76,211
-1,731
| -2% | -$50.6K |
|
3129
Caledonia Mining Corp
CMCL
$355M
| $1.88M | ﹤0.01% |
+162,030
| New | +$2.27M |
|
|
CVAC
3130
DELISTED
CureVac
CVAC
| $1.88M | ﹤0.01% |
179,972
+12,770
| +8% | +$114K |
|
|
RBOT
3131
DELISTED
Vicarious Surgical
RBOT
| $1.87M | ﹤0.01% |
34,057
+4,757
| +16% | +$303K |
|
3132
Fulcrum Therapeutics
FULC
$273M
| $1.87M | ﹤0.01% |
565,809
-496,825
| -47% | -$1.46M |
|
|
ZOM
3133
DELISTED
Zomedica Corp.
ZOM
| $1.87M | ﹤0.01% |
9,332,490
+29,530
| +0.3% | +$5.99K |
|
3134
Trevi Therapeutics
TRVI
$2.59B
| $1.86M | ﹤0.01% |
778,821
+530,528
| +214% | +$1.34M |
|
|
RENT
3135
Rent the Runway
RENT
$121M
| $1.85M | ﹤0.01% |
46,756
+2,128
| +5% | +$105K |
|
|
LBC
3136
DELISTED
Luther Burbank Corporation Common Stock
LBC
| $1.84M | ﹤0.01% |
206,496
-65,287
| -24% | -$592K |
|
|
IVAC
3137
DELISTED
Intevac Inc
IVAC
| $1.84M | ﹤0.01% |
490,611
+240,240
| +96% | +$1.29M |
|
3138
Innovative Industrial Properties
IIPR
$1.71B
| $1.84M | ﹤0.01% |
25,175
+5,769
| +30% | +$406K |
|
3139
Star Bulk Carriers
SBLK
$3.21B
| $1.84M | ﹤0.01% |
103,742
-27,834
| -21% | -$536K |
|
3140
Aveanna Healthcare
AVAH
$2.04B
| $1.83M | ﹤0.01% |
1,085,575
+103,777
| +11% | +$130K |
|
3141
Bionano Genomics
BNGO
$12.3M
| $1.82M | ﹤0.01% |
4,982
-4,675
| -48% | -$2.11M |
|
3142
Eve Holding
EVEX
$808M
| $1.82M | ﹤0.01% |
+173,387
| New | +$1.44M |
|
3143
American Superconductor
AMSC
$1.42B
| $1.81M | ﹤0.01% |
288,835
+84
| +0% | +$409 |
|
3144
Bank7 Corp
BSVN
$479M
| $1.8M | ﹤0.01% |
73,565
+40,306
| +121% | +$958K |
|
3145
J. Jill
JILL
$272M
| $1.8M | ﹤0.01% |
84,047
+45,178
| +116% | +$1.04M |
|
|
ERF
3146
DELISTED
Enerplus Corporation
ERF
| $1.8M | ﹤0.01% |
114,359
+105
| +0.1% | +$1.53K |
|
3147
Nuvectis Pharma
NVCT
$678M
| $1.8M | ﹤0.01% |
112,536
+77,514
| +221% | +$1.24M |
|
3148
American Coastal Insurance
ACIC
$515M
| $1.8M | ﹤0.01% |
402,649
+200,959
| +100% | +$867K |
|
|
DZSI
3149
DELISTED
DZS Inc. Common Stock
DZSI
| $1.79M | ﹤0.01% |
451,828
+66,539
| +17% | +$390K |
|
3150
TORM
TRMD
$3.1B
| $1.79M | ﹤0.01% |
74,203
+2,718
| +4% | +$75.6K |
|
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.