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 | |
|---|---|---|---|---|---|---|
976
H&R Block
HRB
$5.86B
| $74.3M | 0.01% |
2,331,904
+100,048
| +4% | +$3.23M |
|
977
H.B. Fuller
FUL
$3.28B
| $74.2M | 0.01% |
1,037,198
+37,276
| +4% | +$2.45M |
|
|
JBTM
978
JBT Marel
JBTM
$6.39B
| $74.1M | 0.01% |
611,029
+18,745
| +3% | +$2.06M |
|
979
SPX Corp
SPXC
$10.8B
| $73.8M | 0.01% |
868,417
+18,179
| +2% | +$1.35M |
|
|
EFOR
980
Everforth Inc
EFOR
$1.32B
| $73.7M | 0.01% |
974,818
+44,267
| +5% | +$3.18M |
|
981
Champion Homes
SKY
$5.14B
| $73.5M | 0.01% |
1,123,640
+51,686
| +5% | +$3.51M |
|
982
Cabot Corp
CBT
$4.52B
| $73.4M | 0.01% |
1,097,195
+49,304
| +5% | +$3.51M |
|
983
Vontier
VNT
$4.74B
| $73.3M | 0.01% |
2,276,173
+76,009
| +3% | +$2.19M |
|
984
Boise Cascade
BCC
$3.02B
| $73.3M | 0.01% |
810,934
+3,325
| +0.4% | +$243K |
|
985
Adient
ADNT
$1.5B
| $73.1M | 0.01% |
1,908,457
+88,516
| +5% | +$3.27M |
|
986
Kulicke & Soffa
KLIC
$4.78B
| $72.9M | 0.01% |
1,226,057
+33,588
| +3% | +$1.73M |
|
987
Intellia Therapeutics
NTLA
$1.67B
| $72.8M | 0.01% |
1,785,947
+130,556
| +8% | +$5.29M |
|
988
MGIC Investment
MTG
$6.25B
| $72.5M | 0.01% |
4,567,627
+34,385
| +0.8% | +$510K |
|
|
PPLI
989
People Inc
PPLI
$3.1B
| $72.4M | 0.01% |
1,404,823
+8,233
| +0.6% | +$377K |
|
990
Commault Systems
CVLT
$5.61B
| $72.3M | 0.01% |
996,273
+116,467
| +13% | +$7.57M |
|
991
Avient
AVNT
$4.19B
| $72.3M | 0.01% |
1,767,976
+102,895
| +6% | +$4.03M |
|
992
MACOM Technology Solutions
MTSI
$23.7B
| $72.2M | 0.01% |
1,102,467
+54,215
| +5% | +$3.28M |
|
993
FirstCash
FCFS
$8.78B
| $72.2M | 0.01% |
773,967
+20,230
| +3% | +$1.98M |
|
994
Arcosa
ACA
$7.11B
| $72.1M | 0.01% |
952,102
+26,809
| +3% | +$1.8M |
|
|
CADE
995
DELISTED
Cadence Bank
CADE
| $72.1M | 0.01% |
3,671,908
+178,184
| +5% | +$3.52M |
|
996
Avnet
AVT
$7.92B
| $71.6M | 0.01% |
1,419,707
+47,873
| +3% | +$2.11M |
|
997
Doximity
DOCS
$4.88B
| $71.6M | 0.01% |
2,103,306
+59,478
| +3% | +$1.98M |
|
998
Evercore
EVR
$11.8B
| $71.6M | 0.01% |
578,934
-50,430
| -8% | -$5.8M |
|
999
NorthWestern Energy
NWE
$4.43B
| $71.4M | 0.01% |
1,258,713
+100,699
| +9% | +$5.89M |
|
1000
Flowserve
FLS
$10.2B
| $71.4M | 0.01% |
1,920,736
+86,388
| +5% | +$3M |
|
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.