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 | |
|---|---|---|---|---|---|---|
3351
Iris Energy
IREN
$13.2B
| $1.01M | ﹤0.01% |
217,405
+186,930
| +613% | +$714K |
|
|
CRON
3352
Cronos Group
CRON
$1.06B
| $1.01M | ﹤0.01% |
513,036
+12,646
| +3% | +$23.1K |
|
|
CTG
3353
DELISTED
Computer Task Group, Inc.
CTG
| $1.01M | ﹤0.01% |
132,747
+924
| +0.7% | +$6.41K |
|
3354
UNIFI
UFI
$119M
| $1.01M | ﹤0.01% |
125,137
-133,729
| -52% | -$1.05M |
|
|
AIOT
3355
PowerFleet Inc
AIOT
$526M
| $1.01M | ﹤0.01% |
335,449
+7,733
| +2% | +$23.2K |
|
3356
MediciNova
MNOV
$65.5M
| $1.01M | ﹤0.01% |
437,247
| – | – |
|
3357
DarioHealth
DRIO
$70.9M
| $1M | ﹤0.01% |
12,505
+2,785
| +29% | +$212K |
|
3358
OR Royalties Inc
OR
$5.58B
| $1M | ﹤0.01% |
65,222
+4
| +0% | +$65 |
|
3359
D-Wave Quantum Inc. Common Stock
QBTS
$6.7B
| $1M | ﹤0.01% |
479,227
+147,904
| +45% | +$163K |
|
3360
Wipro
WIT
$19.6B
| $998K | ﹤0.01% |
422,896
+113,552
| +37% | +$264K |
|
|
GRTX
3361
DELISTED
Galera Therapeutics, Inc. Common Stock
GRTX
| $991K | ﹤0.01% |
317,549
+121,309
| +62% | +$361K |
|
3362
LifeMD
LFMD
$169M
| $990K | ﹤0.01% |
227,554
+28,687
| +14% | +$63.7K |
|
3363
Cognyte Software
CGNT
$659M
| $988K | ﹤0.01% |
162,243
+1,026
| +0.6% | +$4.77K |
|
3364
Flexsteel Industries
FLXS
$302M
| $987K | ﹤0.01% |
50,082
| – | – |
|
3365
Bioventus
BVS
$892M
| $986K | ﹤0.01% |
341,176
-295,927
| -46% | -$568K |
|
|
MKFG
3366
DELISTED
Markforged Holding Corporation
MKFG
| $983K | ﹤0.01% |
81,226
-113,710
| -58% | -$1.07M |
|
|
HYZN
3367
DELISTED
Hyzon Motors Inc. Class A Common Stock
HYZN
| $978K | ﹤0.01% |
20,413
-16,659
| -45% | -$610K |
|
|
MMAT
3368
DELISTED
Meta Materials Inc. Common Stock
MMAT
| $978K | ﹤0.01% |
45,438
+10,737
| +31% | +$258K |
|
3369
First Capital
FCAP
$212M
| $972K | ﹤0.01% |
31,449
| – | – |
|
|
PRTK
3370
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $972K | ﹤0.01% |
439,736
-27,059
| -6% | -$56.1K |
|
3371
Geospace Technologies
GEOS
$94.6M
| $972K | ﹤0.01% |
125,032
| – | – |
|
3372
American Public Education
APEI
$890M
| $970K | ﹤0.01% |
204,605
-177,977
| -47% | -$969K |
|
3373
Anixa Biosciences
ANIX
$116M
| $970K | ﹤0.01% |
303,018
+28,729
| +10% | +$111K |
|
3374
GSI Technology
GSIT
$215M
| $970K | ﹤0.01% |
175,329
+36,598
| +26% | +$159K |
|
3375
Value Line
VALU
$321M
| $970K | ﹤0.01% |
21,123
+120
| +0.6% | +$5.63K |
|
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.