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 | |
|---|---|---|---|---|---|---|
701
Texas Roadhouse
TXRH
$13.7B
| $117M | 0.01% |
1,038,871
-269,665
| -21% | -$29.6M |
|
702
Qualys
QLYS
$6.35B
| $117M | 0.01% |
899,809
+22,564
| +3% | +$2.78M |
|
703
Royal Gold
RGLD
$19.5B
| $117M | 0.01% |
1,015,143
+40,044
| +4% | +$5.15M |
|
|
NATI
704
DELISTED
National Instruments Corp
NATI
| $116M | 0.01% |
2,027,133
+95,187
| +5% | +$5.46M |
|
|
ITCI
705
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $116M | 0.01% |
1,836,757
+87,739
| +5% | +$5.47M |
|
706
Organon & Co
OGN
$3.57B
| $116M | 0.01% |
5,587,164
+143,107
| +3% | +$3.11M |
|
707
First Industrial Realty Trust
FR
$8.44B
| $116M | 0.01% |
2,198,465
+75,061
| +4% | +$3.92M |
|
708
Snap
SNAP
$9.01B
| $116M | 0.01% |
9,795,221
+392,013
| +4% | +$3.94M |
|
709
Ally Financial
ALLY
$13.3B
| $116M | 0.01% |
4,287,747
+147,767
| +4% | +$3.93M |
|
|
GTM
710
ZoomInfo Technologies
GTM
$1.22B
| $115M | 0.01% |
4,554,327
+588,198
| +15% | +$13.9M |
|
711
Medpace
MEDP
$16.5B
| $115M | 0.01% |
477,746
-110,198
| -19% | -$22.9M |
|
712
Tradeweb Markets
TW
$21.6B
| $114M | 0.01% |
1,672,794
+102,554
| +7% | +$7.26M |
|
713
Murphy Oil
MUR
$4.78B
| $114M | 0.01% |
2,980,347
+173,730
| +6% | +$6.41M |
|
714
Ryman Hospitality Properties
RHP
$7.63B
| $114M | 0.01% |
1,228,202
+77,304
| +7% | +$7.12M |
|
715
RLI Corp
RLI
$5.89B
| $114M | 0.01% |
1,666,390
-249,692
| -13% | -$16.6M |
|
|
BERY
716
DELISTED
Berry Global Group, Inc.
BERY
| $114M | 0.01% |
1,924,656
+72,513
| +4% | +$3.96M |
|
|
PCH
717
DELISTED
PotlatchDeltic
PCH
| $114M | 0.01% |
2,148,550
+55,489
| +3% | +$2.67M |
|
718
Universal Display
OLED
$4.19B
| $113M | 0.01% |
786,496
+51,173
| +7% | +$7.33M |
|
719
Dropbox
DBX
$8.12B
| $113M | 0.01% |
4,245,279
+257,648
| +6% | +$5.87M |
|
720
ITT
ITT
$19.1B
| $113M | 0.01% |
1,212,801
+45,403
| +4% | +$3.81M |
|
721
Acadia Healthcare
ACHC
$2.94B
| $113M | 0.01% |
1,417,694
+71,021
| +5% | +$5.13M |
|
722
Comfort Systems
FIX
$59.6B
| $113M | 0.01% |
685,303
+24,124
| +4% | +$3.59M |
|
723
Ingredion
INGR
$6.58B
| $112M | 0.01% |
1,060,771
+45,870
| +5% | +$4.88M |
|
724
Option Care Health
OPCH
$3.56B
| $112M | 0.01% |
3,450,705
+179,139
| +5% | +$5.4M |
|
725
Maximus
MMS
$3.1B
| $112M | 0.01% |
1,324,035
+68,694
| +5% | +$5.65M |
|
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.