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 | |
|---|---|---|---|---|---|---|
901
Noble Corp
NE
$6.51B
| $83.8M | 0.01% |
2,028,560
+299,380
| +17% | +$11.5M |
|
902
Avis
CAR
$5.02B
| $83.7M | 0.01% |
366,123
-16,984
| -4% | -$3.11M |
|
903
Fluor
FLR
$7.96B
| $83.5M | 0.01% |
2,819,316
+152,337
| +6% | +$4.37M |
|
904
MSC Industrial Direct
MSM
$6.86B
| $83.4M | 0.01% |
874,856
+29,113
| +3% | +$2.67M |
|
905
Albertsons Companies
ACI
$5.83B
| $83.3M | 0.01% |
3,822,844
+1,278,811
| +50% | +$26.6M |
|
|
DEN
906
DELISTED
Denbury Inc.
DEN
| $83.2M | 0.01% |
964,881
+38,416
| +4% | +$3.48M |
|
|
ETRN
907
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $82.9M | 0.01% |
8,674,182
+598,884
| +7% | +$4.02M |
|
908
OneMain Financial
OMF
$7.47B
| $82.7M | 0.01% |
1,893,235
+4,956
| +0.3% | +$193K |
|
909
Oshkosh
OSK
$9.59B
| $82.7M | 0.01% |
954,981
+33,470
| +4% | +$2.64M |
|
910
Restaurant Brands International
QSR
$25.8B
| $82.5M | 0.01% |
1,052,245
+72,111
| +7% | +$5.21M |
|
911
Flowers Foods
FLO
$1.57B
| $82.5M | 0.01% |
3,314,936
+160,817
| +5% | +$4.26M |
|
912
United Bankshares
UBSI
$6.62B
| $82.5M | 0.01% |
2,779,360
+121,473
| +5% | +$3.82M |
|
|
UNVR
913
DELISTED
Univar Solutions Inc.
UNVR
| $82.3M | 0.01% |
2,295,911
-858
| -0% | -$30.5K |
|
914
Allison Transmission
ALSN
$9.82B
| $81.9M | 0.01% |
1,451,140
+21,153
| +1% | +$1.04M |
|
915
Duolingo
DUOL
$6.12B
| $81.7M | 0.01% |
571,221
+87,403
| +18% | +$12.5M |
|
|
AJRD
916
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $81.5M | 0.01% |
1,486,127
+47,761
| +3% | +$2.65M |
|
|
CIVI
917
DELISTED
Civitas Resources
CIVI
| $81.4M | 0.01% |
1,173,348
-22,332
| -2% | -$1.54M |
|
|
ALTR
918
DELISTED
Altair Engineering Inc
ALTR
| $81.3M | 0.01% |
1,071,802
+58,881
| +6% | +$4.21M |
|
919
Box
BOX
$4.6B
| $81.2M | 0.01% |
2,763,732
+119,535
| +5% | +$3.31M |
|
920
Envista
NVST
$4.52B
| $81.2M | 0.01% |
2,398,755
+111,170
| +5% | +$3.92M |
|
921
Chemours
CC
$2.37B
| $81.1M | 0.01% |
2,198,740
+103,239
| +5% | +$3.15M |
|
922
Guardant Health
GH
$22.6B
| $80.9M | 0.01% |
2,260,043
+790,085
| +54% | +$22.7M |
|
923
Thor Industries
THO
$4.14B
| $80.8M | 0.01% |
780,239
+28,010
| +4% | +$2.37M |
|
924
Fortis
FTS
$28.7B
| $80.7M | 0.01% |
1,830,319
+103,431
| +6% | +$4.51M |
|
925
Natera
NTRA
$46.4B
| $80.5M | 0.01% |
1,655,231
+120,423
| +8% | +$6.14M |
|
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.