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 | |
|---|---|---|---|---|---|---|
801
HF Sinclair
DINO
$14.5B
| $99M | 0.01% |
2,223,271
+270,099
| +14% | +$11.8M |
|
802
Webster Financial
WBS
$12.8B
| $98.7M | 0.01% |
2,618,618
+106,669
| +4% | +$3.94M |
|
803
Halozyme
HALO
$12.2B
| $98.5M | 0.01% |
2,730,268
+98,881
| +4% | +$3.37M |
|
|
AIRC
804
DELISTED
Apartment Income REIT Corp.
AIRC
| $98.2M | 0.01% |
2,719,913
-237,360
| -8% | -$8.46M |
|
|
CFLT
805
DELISTED
Confluent
CFLT
| $98.1M | 0.01% |
2,779,199
+682,582
| +33% | +$19.1M |
|
|
SWN
806
DELISTED
Southwestern Energy Company
SWN
| $97.5M | 0.01% |
16,217,361
+597,564
| +4% | +$3.08M |
|
807
BellRing Brands
BRBR
$1.34B
| $97.4M | 0.01% |
2,661,882
+153,415
| +6% | +$5.5M |
|
|
PDCE
808
DELISTED
PDC Energy, Inc.
PDCE
| $97.2M | 0.01% |
1,366,423
+8,002
| +0.6% | +$541K |
|
809
Nutanix
NTNX
$16.9B
| $97.2M | 0.01% |
3,464,929
+98,240
| +3% | +$2.61M |
|
810
Exelixis
EXEL
$13.4B
| $96.2M | 0.01% |
5,033,503
+265,404
| +6% | +$5.12M |
|
|
LTHM
811
DELISTED
Livent Corporation
LTHM
| $96.2M | 0.01% |
3,505,730
+288,004
| +9% | +$6.91M |
|
812
Dolby
DLB
$5.79B
| $96.1M | 0.01% |
1,148,837
+100,163
| +10% | +$8.37M |
|
813
BWX Technologies
BWXT
$15.6B
| $96M | 0.01% |
1,341,066
+78,825
| +6% | +$5.15M |
|
814
Saic
SAIC
$5.35B
| $96M | 0.01% |
853,045
+29,519
| +4% | +$3.07M |
|
815
Commerce Bancshares
CBSH
$8.5B
| $95.9M | 0.01% |
2,273,603
+95,352
| +4% | +$4.23M |
|
816
Merit Medical Systems
MMSI
$5.32B
| $95.7M | 0.01% |
1,143,908
+44,624
| +4% | +$3.63M |
|
817
Badger Meter
BMI
$4.03B
| $95.6M | 0.01% |
647,701
+55,908
| +9% | +$7.7M |
|
818
Polaris
PII
$4.07B
| $95.4M | 0.01% |
788,523
+26,689
| +4% | +$2.95M |
|
|
TRTN
819
DELISTED
Triton International Limited
TRTN
| $95.3M | 0.01% |
1,137,262
-59,499
| -5% | -$4.82M |
|
820
Fox Factory Holding Corp
FOXF
$886M
| $94.7M | 0.01% |
872,383
+44,201
| +5% | +$4.52M |
|
821
Olin
OLN
$2.12B
| $94.5M | 0.01% |
1,838,733
+71,298
| +4% | +$3.79M |
|
822
Hexcel
HXL
$7.82B
| $94.4M | 0.01% |
1,241,660
+53,061
| +4% | +$3.78M |
|
823
Mine Safety
MSA
$7.49B
| $94.3M | 0.01% |
542,216
+25,492
| +5% | +$3.65M |
|
824
Antero Resources
AR
$10.7B
| $94.3M | 0.01% |
4,093,370
+179,697
| +5% | +$3.99M |
|
825
Spotify
SPOT
$100B
| $94M | 0.01% |
585,543
+34,096
| +6% | +$4.94M |
|
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.