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 | |
|---|---|---|---|---|---|---|
3401
Playboy Inc
PLBY
$128M
| $893K | ﹤0.01% |
531,714
-225,474
| -30% | -$381K |
|
3402
VEON
VEON
$3.62B
| $893K | ﹤0.01% |
43,693
+4,044
| +10% | +$78.1K |
|
3403
Natural Gas Services Group
NGS
$472M
| $888K | ﹤0.01% |
89,685
| – | – |
|
3404
Immunic
IMUX
$190M
| $887K | ﹤0.01% |
35,321
-1,543
| -4% | -$25.9K |
|
|
RVPH
3405
DELISTED
REVIVA PHARMA HLDGS INC
RVPH
| $885K | ﹤0.01% |
7,547
+275
| +4% | +$34.9K |
|
|
RJET
3406
Republic Airways Holdings
RJET
$967M
| $877K | ﹤0.01% |
22,939
+1,824
| +9% | +$55.9K |
|
|
LONA
3407
LeonaBio Inc
LONA
$66.3M
| $866K | ﹤0.01% |
29,353
-33,882
| -54% | -$965K |
|
3408
Vale
VALE
$64.1B
| $866K | ﹤0.01% |
64,519
-122,597
| -66% | -$1.74M |
|
|
CALB
3409
DELISTED
California BanCorp Common Stock
CALB
| $862K | ﹤0.01% |
57,458
+774
| +1% | +$12K |
|
3410
Calumet Specialty Products
CLMT
$3.85B
| $858K | ﹤0.01% |
54,091
+4,841
| +10% | +$79.7K |
|
3411
Quest Resource Holding
QRHC
$26.8M
| $858K | ﹤0.01% |
131,558
+14,139
| +12% | +$80.8K |
|
3412
NeoVolta
NEOV
$116M
| $858K | ﹤0.01% |
261,862
+3,911
| +2% | +$9.75K |
|
3413
Lightspeed Commerce
LSPD
$1.31B
| $854K | ﹤0.01% |
50,474
-16,076
| -24% | -$231K |
|
3414
BGSF Inc
BGSF
$59.5M
| $853K | ﹤0.01% |
89,554
+8,912
| +11% | +$85.6K |
|
|
MLVF
3415
DELISTED
Malvern Bancorp, Inc.
MLVF
| $853K | ﹤0.01% |
54,169
+4,930
| +10% | +$74.9K |
|
3416
Westwood Holdings Group
WHG
$182M
| $852K | ﹤0.01% |
68,695
| – | – |
|
|
FNCB
3417
DELISTED
FNCB Bancorp Inc. Common Stock
FNCB
| $843K | ﹤0.01% |
142,119
+14,929
| +12% | +$89.7K |
|
3418
Achieve Life Sciences
ACHV
$659M
| $842K | ﹤0.01% |
162,288
-18,195
| -10% | -$128K |
|
|
IRD
3419
Opus Genetics
IRD
$306M
| $842K | ﹤0.01% |
194,049
+12,679
| +7% | +$60.2K |
|
|
SCTL
3420
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $836K | ﹤0.01% |
759,643
+132,396
| +21% | +$117K |
|
3421
CB Financial Services
CBFV
$186M
| $835K | ﹤0.01% |
41,109
+665
| +2% | +$13.5K |
|
3422
TransAlta
TAC
$3.95B
| $835K | ﹤0.01% |
89,198
-32,147
| -26% | -$302K |
|
|
SCWX
3423
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $834K | ﹤0.01% |
115,318
-84,672
| -42% | -$702K |
|
3424
Southland Holdings
SLND
$30.2M
| $834K | ﹤0.01% |
+101,540
| New | +$831K |
|
|
MDV
3425
Modiv Industrial
MDV
$179M
| $833K | ﹤0.01% |
60,178
| – | – |
|
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.