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 | |
|---|---|---|---|---|---|---|
1026
Bank OZK
OZK
$5.61B
| $68.2M | 0.01% |
1,697,264
+38,908
| +2% | +$1.4M |
|
1027
Coca-Cola Consolidated
COKE
$12.8B
| $68.1M | 0.01% |
1,070,900
+130,830
| +14% | +$8.09M |
|
1028
Harley-Davidson
HOG
$2.71B
| $68M | 0.01% |
1,932,342
+43,787
| +2% | +$1.53M |
|
1029
Post Holdings
POST
$3.57B
| $67.9M | 0.01% |
784,175
+29,512
| +4% | +$2.59M |
|
1030
SLM Corp
SLM
$5.15B
| $67.9M | 0.01% |
4,161,756
+127,223
| +3% | +$1.94M |
|
|
FOLD
1031
DELISTED
Amicus Therapeutics
FOLD
| $67.8M | 0.01% |
5,395,606
+253,199
| +5% | +$3M |
|
1032
Perrigo
PRGO
$1.78B
| $67.7M | 0.01% |
1,992,873
+98,254
| +5% | +$3.41M |
|
1033
Kirby Corp
KEX
$6.93B
| $67.6M | 0.01% |
878,069
+39,454
| +5% | +$2.84M |
|
|
SYNH
1034
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $67.4M | 0.01% |
1,600,356
+68,407
| +4% | +$2.77M |
|
1035
Procore
PCOR
$8.67B
| $67.4M | 0.01% |
1,036,295
+122,254
| +13% | +$7.19M |
|
|
TPH
1036
DELISTED
Tri Pointe Homes
TPH
| $67.3M | 0.01% |
2,047,722
+126,911
| +7% | +$3.72M |
|
1037
Array Technologies
ARRY
$855M
| $67.3M | 0.01% |
2,975,938
+104,638
| +4% | +$2.24M |
|
1038
Extreme Networks
EXTR
$3.15B
| $67.2M | 0.01% |
2,579,080
+65,950
| +3% | +$1.3M |
|
|
ALE
1039
DELISTED
Allete
ALE
| $67.2M | 0.01% |
1,158,921
+58,214
| +5% | +$3.6M |
|
1040
Elanco Animal Health
ELAN
$11.1B
| $67.2M | 0.01% |
6,678,090
+607,315
| +10% | +$5.64M |
|
1041
AerCap
AER
$23.8B
| $67.2M | 0.01% |
1,064,253
+54,657
| +5% | +$3.15M |
|
1042
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $67M | 0.01% |
1,182,485
+51,675
| +5% | +$2.72M |
|
1043
MDU Resources
MDU
$4.32B
| $66.8M | 0.01% |
5,760,508
-2,256,888
| -28% | -$25.4M |
|
1044
Itron
ITRI
$4.54B
| $66.7M | 0.01% |
925,604
+29,589
| +3% | +$1.87M |
|
1045
Amkor Technology
AMKR
$13.7B
| $66.7M | 0.01% |
2,242,007
+110,203
| +5% | +$2.68M |
|
1046
Macy's
M
$6.68B
| $66.7M | 0.01% |
4,152,109
+158,697
| +4% | +$2.54M |
|
1047
Otter Tail
OTTR
$3.94B
| $66.6M | 0.01% |
843,716
+27,779
| +3% | +$2.09M |
|
|
WIRE
1048
DELISTED
Encore Wire Corp
WIRE
| $66.6M | 0.01% |
358,043
-1,884
| -0.5% | -$319K |
|
|
FYBR
1049
DELISTED
Frontier Communications
FYBR
| $66.6M | 0.01% |
3,570,331
+142,791
| +4% | +$2.68M |
|
1050
Huntsman Corp
HUN
$1.77B
| $66.5M | 0.01% |
2,462,014
-75,917
| -3% | -$1.97M |
|
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.