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 | |
|---|---|---|---|---|---|---|
301
eBay
EBAY
$49.8B
| $524M | 0.06% |
11,755,188
+88,588
| +0.8% | +$3.93M |
|
302
Ulta Beauty
ULTA
$24.3B
| $524M | 0.06% |
1,115,026
+14,780
| +1% | +$7.24M |
|
303
Diamondback Energy
FANG
$52.7B
| $520M | 0.06% |
3,968,392
+48,467
| +1% | +$6.49M |
|
304
VeriSign
VRSN
$26.6B
| $518M | 0.06% |
2,296,415
+50,202
| +2% | +$11.1M |
|
305
Keurig Dr Pepper
KDP
$40.8B
| $518M | 0.06% |
16,604,177
+339,796
| +2% | +$11.2M |
|
306
Take-Two Interactive
TTWO
$46.1B
| $516M | 0.06% |
3,517,589
+83,776
| +2% | +$11M |
|
307
LyondellBasell Industries
LYB
$19.2B
| $515M | 0.06% |
5,608,944
+95,633
| +2% | +$8.74M |
|
308
Cheniere Energy
LNG
$52.9B
| $515M | 0.06% |
3,384,618
+20,949
| +0.6% | +$3.1M |
|
309
lululemon athletica
LULU
$14.6B
| $515M | 0.06% |
1,362,384
-296,876
| -18% | -$110M |
|
310
Cardinal Health
CAH
$55.4B
| $512M | 0.06% |
5,428,438
+31,450
| +0.6% | +$2.66M |
|
311
Genuine Parts
GPC
$18.7B
| $512M | 0.06% |
3,032,717
+55,046
| +2% | +$9.01M |
|
312
Enphase Energy
ENPH
$5.53B
| $501M | 0.06% |
2,999,370
+102,091
| +4% | +$18.2M |
|
313
Trade Desk
TTD
$6.49B
| $495M | 0.06% |
6,424,287
+178,670
| +3% | +$12.1M |
|
|
XYZ
314
Block Inc
XYZ
$47.5B
| $493M | 0.06% |
7,411,331
+1,725,656
| +30% | +$108M |
|
315
Extra Space Storage
EXR
$31.6B
| $485M | 0.06% |
3,268,025
+84,872
| +3% | +$12.8M |
|
316
Royal Caribbean
RCL
$85.6B
| $485M | 0.06% |
4,689,014
+167,280
| +4% | +$13.1M |
|
317
McCormick & Company Non-Voting
MKC
$14.2B
| $483M | 0.06% |
5,552,255
+147,652
| +3% | +$13M |
|
318
Baxter International
BAX
$14.2B
| $483M | 0.06% |
10,629,326
+1,658,160
| +18% | +$72.2M |
|
319
Apollo Global Management
APO
$73.4B
| $481M | 0.06% |
6,273,877
+294,478
| +5% | +$19.7M |
|
320
Fair Isaac
FICO
$22.5B
| $477M | 0.06% |
589,933
+12,693
| +2% | +$9.52M |
|
321
DTE Energy
DTE
$29.1B
| $476M | 0.06% |
4,339,573
+339,827
| +8% | +$37.9M |
|
322
Ameren
AEE
$30.1B
| $474M | 0.06% |
5,821,247
+254,645
| +5% | +$21.8M |
|
323
Steris
STE
$23.1B
| $471M | 0.06% |
2,097,033
+40,507
| +2% | +$8.11M |
|
|
CTRA
324
DELISTED
Coterra Energy
CTRA
| $470M | 0.06% |
18,559,100
+64,835
| +0.4% | +$1.61M |
|
325
Hartford Financial Services
HIG
$39.3B
| $469M | 0.06% |
6,535,478
+2,620
| +0% | +$184K |
|
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.