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 | |
|---|---|---|---|---|---|---|
|
PRPH
3376
DELISTED
ProPhase Labs
PRPH
| $967K | ﹤0.01% |
13,314
+1,011
| +8% | +$82.3K |
|
3377
Riverview Bancorp
RVSB
$107M
| $960K | ﹤0.01% |
190,422
| – | – |
|
|
FFNW
3378
DELISTED
First Financial Northwest, Inc
FFNW
| $957K | ﹤0.01% |
84,191
+5,453
| +7% | +$60.1K |
|
|
TBNK
3379
DELISTED
Territorial Bancorp Inc.
TBNK
| $953K | ﹤0.01% |
77,576
| – | – |
|
|
FONR
3380
DELISTED
Fonar
FONR
| $951K | ﹤0.01% |
55,643
-4,460
| -7% | -$74.1K |
|
|
VRNA
3381
DELISTED
Verona Pharma
VRNA
| $951K | ﹤0.01% |
44,992
+12,202
| +37% | +$260K |
|
3382
Cellebrite
CLBT
$3.68B
| $949K | ﹤0.01% |
131,762
+11,772
| +10% | +$68.6K |
|
3383
Genasys
GNSS
$76.1M
| $945K | ﹤0.01% |
363,507
+24,836
| +7% | +$68.5K |
|
|
BFIN
3384
DELISTED
BankFinancial
BFIN
| $937K | ﹤0.01% |
114,500
-14,623
| -11% | -$117K |
|
3385
Beam Global
BEEM
$23.3M
| $936K | ﹤0.01% |
90,422
+7,199
| +9% | +$78.8K |
|
3386
ZIM Integrated Shipping Services
ZIM
$3.04B
| $936K | ﹤0.01% |
75,518
+9,185
| +14% | +$148K |
|
3387
Aqua Metals
AQMS
$8.99M
| $935K | ﹤0.01% |
3,997
+604
| +18% | +$132K |
|
3388
Epsilon Energy
EPSN
$169M
| $935K | ﹤0.01% |
175,138
+17,168
| +11% | +$88.8K |
|
|
AC
3389
DELISTED
Associated Capital Group
AC
| $935K | ﹤0.01% |
26,416
-12,433
| -32% | -$455K |
|
3390
Gossamer Bio
GOSS
$82.9M
| $923K | ﹤0.01% |
769,159
-577,100
| -43% | -$719K |
|
3391
NLI Holdings
NL
$281M
| $921K | ﹤0.01% |
166,630
+12,090
| +8% | +$72K |
|
|
EGIO
3392
DELISTED
Edgio, Inc. Common Stock
EGIO
| $921K | ﹤0.01% |
34,160
-31,053
| -48% | -$734K |
|
3393
SCYNEXIS
SCYX
$48.1M
| $921K | ﹤0.01% |
39,019
+5,765
| +17% | +$135K |
|
3394
Ohio Valley Banc Corp
OVBC
$198M
| $919K | ﹤0.01% |
37,500
| – | – |
|
3395
Hyperfine
HYPR
$92.9M
| $911K | ﹤0.01% |
423,732
+4,762
| +1% | +$7.76K |
|
3396
Ramaco Resources Class B
METCB
$425M
| $907K | ﹤0.01% |
+92,176
| New | +$889K |
|
3397
Smith-Midland
SMID
$144M
| $907K | ﹤0.01% |
38,171
| – | – |
|
3398
Rekor Systems
REKR
$85.8M
| $900K | ﹤0.01% |
505,863
+44,220
| +10% | +$61.6K |
|
3399
OP Bancorp
OPBK
$232M
| $899K | ﹤0.01% |
106,609
-13,629
| -11% | -$115K |
|
3400
Spruce Power Holding Corp
SPRU
$35.8M
| $893K | ﹤0.01% |
137,578
-1,845
| -1% | -$11.5K |
|
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.