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 | |
|---|---|---|---|---|---|---|
1001
Elastic
ESTC
$7.81B
| $71.3M | 0.01% |
1,112,605
+41,440
| +4% | +$2.6M |
|
1002
Group 1 Automotive
GPI
$3.18B
| $71.2M | 0.01% |
276,051
+2,448
| +0.9% | +$563K |
|
1003
Magnolia Oil & Gas
MGY
$5.94B
| $71.1M | 0.01% |
3,401,128
+210,622
| +7% | +$4.36M |
|
1004
Apple Hospitality REIT
APLE
$3.82B
| $71M | 0.01% |
4,696,087
+106,333
| +2% | +$1.61M |
|
|
SMAR
1005
DELISTED
Smartsheet Inc.
SMAR
| $70.9M | 0.01% |
1,854,160
+67,863
| +4% | +$2.93M |
|
1006
Hilton Grand Vacations
HGV
$3.55B
| $70.9M | 0.01% |
1,559,353
+11,549
| +0.7% | +$515K |
|
1007
Helmerich & Payne
HP
$3.71B
| $70.8M | 0.01% |
1,997,742
+13,292
| +0.7% | +$453K |
|
1008
Synaptics
SYNA
$4.15B
| $70.6M | 0.01% |
827,147
+48,745
| +6% | +$4.23M |
|
1009
QuidelOrtho
QDEL
$838M
| $70.3M | 0.01% |
848,897
+54,961
| +7% | +$4.81M |
|
1010
TG Therapeutics
TGTX
$7.62B
| $70.3M | 0.01% |
2,830,589
+150,789
| +6% | +$3.89M |
|
1011
Autoliv
ALV
$9B
| $70M | 0.01% |
822,925
+38,279
| +5% | +$3.32M |
|
|
COOP
1012
DELISTED
Mr. Cooper
COOP
| $69.9M | 0.01% |
1,381,027
-6,724
| -0.5% | -$308K |
|
1013
Valley National Bancorp
VLY
$8.04B
| $69.9M | 0.01% |
9,016,657
+367,447
| +4% | +$2.92M |
|
1014
Glacier Bancorp
GBCI
$6.35B
| $69.7M | 0.01% |
2,236,588
+5,349
| +0.2% | +$177K |
|
1015
Hancock Whitney
HWC
$6.24B
| $69.6M | 0.01% |
1,812,977
+78,883
| +5% | +$2.93M |
|
1016
Agilon Health
AGL
$1.6B
| $69.5M | 0.01% |
160,401
+58,279
| +57% | +$32.8M |
|
1017
Herc Holdings
HRI
$5.61B
| $69.1M | 0.01% |
504,977
+39,979
| +9% | +$4.43M |
|
1018
Installed Building Products
IBP
$6.49B
| $68.9M | 0.01% |
491,600
+52,594
| +12% | +$6.19M |
|
1019
Teck Resources
TECK
$32.6B
| $68.8M | 0.01% |
1,623,311
+103,576
| +7% | +$4.45M |
|
1020
Omnicell
OMCL
$1.68B
| $68.7M | 0.01% |
933,000
+52,030
| +6% | +$3.51M |
|
1021
Wintrust Financial
WTFC
$10.7B
| $68.6M | 0.01% |
945,321
+48,339
| +5% | +$3.3M |
|
|
HI
1022
DELISTED
Hillenbrand
HI
| $68.6M | 0.01% |
1,337,593
+26,437
| +2% | +$1.27M |
|
1023
Denali Therapeutics
DNLI
$3.97B
| $68.4M | 0.01% |
2,318,297
+172,125
| +8% | +$4.84M |
|
1024
Popular Inc
BPOP
$11.1B
| $68.3M | 0.01% |
1,125,798
+15,944
| +1% | +$940K |
|
1025
Wheaton Precious Metals
WPM
$60.9B
| $68.2M | 0.01% |
1,578,126
+103,441
| +7% | +$4.92M |
|
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.