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 | |
|---|---|---|---|---|---|---|
3526
BioVie
BIVI
$11.5M
| $653K | ﹤0.01% |
1,515
+313
| +26% | +$211K |
|
|
SDC
3527
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $652K | ﹤0.01% |
1,230,270
+106,636
| +9% | +$43.5K |
|
|
SELF
3528
Global Self Storage
SELF
$58.3M
| $651K | ﹤0.01% |
128,935
| – | – |
|
3529
Dorchester Minerals
DMLP
$1.33B
| $650K | ﹤0.01% |
21,696
| – | – |
|
|
AMAM
3530
DELISTED
Ambrx Biopharma Inc
AMAM
| $649K | ﹤0.01% |
+39,438
| New | +$496K |
|
3531
Lifetime Brands
LCUT
$191M
| $648K | ﹤0.01% |
114,656
-118,265
| -51% | -$604K |
|
3532
First Guaranty Bancshares
FGBI
$159M
| $647K | ﹤0.01% |
57,545
-57,736
| -50% | -$763K |
|
3533
Electromed
ELMD
$337M
| $647K | ﹤0.01% |
60,435
+7,359
| +14% | +$83K |
|
|
SCRM
3534
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
| $647K | ﹤0.01% |
62,707
+228
| +0.4% | +$2.33K |
|
3535
VolitionRx Ltd
VNRX
$8.65M
| $647K | ﹤0.01% |
23,261
+8,625
| +59% | +$284K |
|
3536
Katapult Holdings
KPLT
$30.4M
| $647K | ﹤0.01% |
28,738
-2,020
| -7% | -$30.6K |
|
3537
Veru
VERU
$36M
| $647K | ﹤0.01% |
54,335
-60,952
| -53% | -$714K |
|
3538
Fiverr
FVRR
$321M
| $646K | ﹤0.01% |
24,850
| – | – |
|
3539
Immatics
IMTX
$1.18B
| $645K | ﹤0.01% |
55,908
+22,549
| +68% | +$210K |
|
|
GRP.U
3540
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $644K | ﹤0.01% |
10,870
+424
| +4% | +$25.6K |
|
3541
Arena Group
AREN
$57.1M
| $643K | ﹤0.01% |
140,480
-77,494
| -36% | -$308K |
|
3542
Immunome
IMNM
$2.58B
| $642K | ﹤0.01% |
81,213
| – | – |
|
3543
Marchex
MCHX
$76.2M
| $641K | ﹤0.01% |
302,440
+30,972
| +11% | +$60.4K |
|
3544
Kartoon Studios
TOON
$35.2M
| $640K | ﹤0.01% |
334,893
+11,113
| +3% | +$29.5K |
|
|
ABST
3545
DELISTED
Absolute Software Corp
ABST
| $638K | ﹤0.01% |
53,688
-30,127
| -36% | -$302K |
|
3546
First National Corp
FXNC
$287M
| $638K | ﹤0.01% |
38,387
+6,867
| +22% | +$105K |
|
3547
First Majestic Silver
AG
$7.41B
| $637K | ﹤0.01% |
112,604
+27,063
| +32% | +$173K |
|
3548
Ero Copper
ERO
$2.81B
| $635K | ﹤0.01% |
31,394
+1,616
| +5% | +$30.6K |
|
3549
Abeona Therapeutics
ABEO
$366M
| $635K | ﹤0.01% |
157,593
-24,895
| -14% | -$87.1K |
|
|
OPOF
3550
DELISTED
Old Point Financial
OPOF
| $634K | ﹤0.01% |
36,564
+5,184
| +17% | +$96.6K |
|
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.