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 | |
|---|---|---|---|---|---|---|
401
Nordson
NDSN
$17.3B
| $341M | 0.04% |
1,376,430
+39,681
| +3% | +$8.85M |
|
402
Quest Diagnostics
DGX
$26.3B
| $340M | 0.04% |
2,422,912
+72,447
| +3% | +$9.99M |
|
403
Conagra Brands
CAG
$7.23B
| $339M | 0.04% |
10,075,462
+225,906
| +2% | +$8.15M |
|
404
Northern Trust
NTRS
$33.9B
| $337M | 0.04% |
4,554,014
+89,692
| +2% | +$6.88M |
|
405
Cboe Global Markets
CBOE
$29.9B
| $337M | 0.04% |
2,442,276
+43,446
| +2% | +$5.93M |
|
|
HZNP
406
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $337M | 0.04% |
3,277,541
+98,488
| +3% | +$10.4M |
|
407
Waters Corp
WAT
$39.9B
| $334M | 0.04% |
1,257,155
+27,920
| +2% | +$7.77M |
|
408
Zebra Technologies
ZBRA
$17.8B
| $333M | 0.04% |
1,129,226
+15,325
| +1% | +$4.3M |
|
409
JB Hunt Transport Services
JBHT
$25.2B
| $333M | 0.04% |
1,844,363
+32,869
| +2% | +$5.72M |
|
410
Cincinnati Financial
CINF
$27.1B
| $332M | 0.04% |
3,418,578
+74,713
| +2% | +$7.72M |
|
|
IPG
411
DELISTED
Interpublic Group of Companies
IPG
| $330M | 0.04% |
8,564,346
+135,357
| +2% | +$5.11M |
|
412
Pool Corp
POOL
$7.5B
| $330M | 0.04% |
883,126
+25,705
| +3% | +$8.79M |
|
413
CF Industries
CF
$17.3B
| $330M | 0.04% |
4,728,746
+66,498
| +1% | +$4.64M |
|
414
LKQ Corp
LKQ
$6.29B
| $327M | 0.04% |
5,623,997
-245,719
| -4% | -$13.7M |
|
|
VMW
415
DELISTED
VMware, Inc
VMW
| $326M | 0.04% |
2,274,352
+129,875
| +6% | +$16.9M |
|
416
EQT Corp
EQT
$32.3B
| $325M | 0.04% |
7,917,879
+44,571
| +0.6% | +$1.58M |
|
417
Akamai
AKAM
$15.9B
| $321M | 0.04% |
3,582,467
+32,547
| +0.9% | +$2.79M |
|
418
Jacobs Solutions
J
$17B
| $315M | 0.04% |
3,216,638
+67,282
| +2% | +$6.42M |
|
419
Everest Group
EG
$14.4B
| $315M | 0.04% |
924,843
+92,565
| +11% | +$33.4M |
|
420
Revvity
RVTY
$12.8B
| $313M | 0.04% |
2,638,290
+39,949
| +2% | +$4.91M |
|
421
Synchrony
SYF
$25.6B
| $312M | 0.04% |
9,201,080
-37,665
| -0.4% | -$1.15M |
|
422
Amcor
AMCR
$22.1B
| $311M | 0.04% |
6,250,936
+81,818
| +1% | +$4.26M |
|
423
Tyson Foods
TSN
$20.4B
| $309M | 0.04% |
6,079,028
+65,902
| +1% | +$3.59M |
|
|
AXON
424
Axon Enterprise
AXON
$46.4B
| $308M | 0.04% |
1,583,100
+576,420
| +57% | +$119M |
|
425
UDR
UDR
$12.3B
| $308M | 0.04% |
7,177,953
+85,993
| +1% | +$3.54M |
|
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.