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 | |
|---|---|---|---|---|---|---|
3201
ATS Corp
ATS
$2.64B
| $1.5M | ﹤0.01% |
+31,084
| New | +$1.4M |
|
3202
Ericsson
ERIC
$32.2B
| $1.5M | ﹤0.01% |
275,606
+931
| +0.3% | +$5K |
|
|
EEX
3203
DELISTED
Emerald Holding
EEX
| $1.49M | ﹤0.01% |
364,565
+155,401
| +74% | +$587K |
|
|
KEEL
3204
Keel Infrastructure Corp
KEEL
$2.4B
| $1.49M | ﹤0.01% |
1,015,532
+63,111
| +7% | +$73.2K |
|
|
UHG
3205
DELISTED
United Homes Group
UHG
| $1.49M | ﹤0.01% |
133,494
+113,480
| +567% | +$1.34M |
|
3206
Medallion Financial
MFIN
$229M
| $1.47M | ﹤0.01% |
186,089
-12,192
| -6% | -$83.6K |
|
3207
Telos
TLS
$332M
| $1.47M | ﹤0.01% |
572,728
-457,002
| -44% | -$1.08M |
|
|
HIVE
3208
HIVE Digital Technologies
HIVE
$774M
| $1.47M | ﹤0.01% |
316,568
+43,444
| +16% | +$146K |
|
3209
Camtek
CAMT
$6.18B
| $1.46M | ﹤0.01% |
41,047
+171
| +0.4% | +$4.9K |
|
|
MITT
3210
TPG Mortgage Investment Trust
MITT
$222M
| $1.46M | ﹤0.01% |
238,491
+26,979
| +13% | +$153K |
|
3211
Paysign
PAYS
$501M
| $1.46M | ﹤0.01% |
594,005
+309,184
| +109% | +$951K |
|
3212
First Internet Bancorp
INBK
$257M
| $1.45M | ﹤0.01% |
97,884
-87,929
| -47% | -$1.22M |
|
3213
Radware
RDWR
$1.1B
| $1.45M | ﹤0.01% |
74,873
-231
| -0.3% | -$4.62K |
|
|
HSHP
3214
Himalaya Shipping
HSHP
$741M
| $1.45M | ﹤0.01% |
+260,417
| New | +$1.48M |
|
3215
Nkarta
NKTX
$150M
| $1.44M | ﹤0.01% |
659,381
+16,185
| +3% | +$71.2K |
|
3216
Matrix Service
MTRX
$326M
| $1.44M | ﹤0.01% |
244,328
-15,100
| -6% | -$82.6K |
|
3217
Everspin Technologies
MRAM
$341M
| $1.44M | ﹤0.01% |
155,897
+6,188
| +4% | +$46.6K |
|
|
PPTA
3218
Perpetua Resources
PPTA
$2.3B
| $1.43M | ﹤0.01% |
389,787
+355,224
| +1,028% | +$1.63M |
|
3219
Energy Transfer Partners
ET
$70.1B
| $1.43M | ﹤0.01% |
112,455
+3,763
| +3% | +$47.7K |
|
|
CLPR
3220
Clipper Realty
CLPR
$45.2M
| $1.43M | ﹤0.01% |
251,587
+16,498
| +7% | +$89.8K |
|
3221
Capricor Therapeutics
CAPR
$223M
| $1.43M | ﹤0.01% |
298,322
+66,633
| +29% | +$293K |
|
|
ADVM
3222
DELISTED
Adverum Biotechnologies
ADVM
| $1.41M | ﹤0.01% |
88,705
+9,915
| +13% | +$104K |
|
3223
Perma-Fix Environmental Services
PESI
$352M
| $1.41M | ﹤0.01% |
128,380
-8,795
| -6% | -$91.7K |
|
|
EMAN
3224
DELISTED
eMagin Corporation
EMAN
| $1.41M | ﹤0.01% |
711,666
+51,930
| +8% | +$102K |
|
|
OCEA
3225
DELISTED
Ocean Biomedical, Inc. Common Stock
OCEA
| $1.41M | ﹤0.01% |
234,447
+171,742
| +274% | +$1.01M |
|
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.