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 | |
|---|---|---|---|---|---|---|
1051
Spire
SR
$4.85B
| $66.5M | 0.01% |
1,048,036
+48,574
| +5% | +$3.26M |
|
1052
TriNet
TNET
$3.14B
| $66.4M | 0.01% |
699,488
-43,616
| -6% | -$3.97M |
|
1053
AppFolio
APPF
$7.04B
| $66.3M | 0.01% |
385,430
+10,569
| +3% | +$1.54M |
|
1054
Alight
ALIT
$407M
| $66.2M | 0.01% |
358,453
+27,467
| +8% | +$4.87M |
|
1055
Marriott Vacations Worldwide
VAC
$4.25B
| $66.1M | 0.01% |
538,357
+5,289
| +1% | +$684K |
|
|
SRCL
1056
DELISTED
Stericycle Inc
SRCL
| $66M | 0.01% |
1,421,436
+56,244
| +4% | +$2.46M |
|
1057
Capri Holdings
CPRI
$1.74B
| $65.9M | 0.01% |
1,837,371
+65,422
| +4% | +$2.6M |
|
1058
Columbia Banking Systems
COLB
$8.84B
| $65.8M | 0.01% |
3,243,097
+231,923
| +8% | +$4.9M |
|
1059
Coty
COTY
$2.48B
| $65.6M | 0.01% |
5,338,815
+288,262
| +6% | +$3.4M |
|
1060
Pacific Biosciences
PACB
$370M
| $65.5M | 0.01% |
4,921,808
+190,699
| +4% | +$2.32M |
|
1061
NIO
NIO
$11.9B
| $65.4M | 0.01% |
6,798,910
+255,139
| +4% | +$2.16M |
|
1062
Blackbaud
BLKB
$2.08B
| $65.4M | 0.01% |
919,236
+22,469
| +3% | +$1.58M |
|
1063
Glaukos
GKOS
$10.6B
| $65.1M | 0.01% |
914,049
+43,417
| +5% | +$2.49M |
|
|
SNV
1064
DELISTED
Synovus
SNV
| $65M | 0.01% |
2,150,303
+96,716
| +5% | +$2.83M |
|
1065
Simply Good Foods
SMPL
$982M
| $64.7M | 0.01% |
1,767,490
+75,646
| +4% | +$2.78M |
|
|
ESGR
1066
DELISTED
Enstar Group
ESGR
| $64.2M | 0.01% |
262,742
+13,219
| +5% | +$3.27M |
|
1067
iRhythm Holdings
IRTC
$4.2B
| $64M | 0.01% |
613,118
+27,335
| +5% | +$3.28M |
|
1068
Pembina Pipeline
PBA
$27.6B
| $63.9M | 0.01% |
2,012,575
+96,974
| +5% | +$3.1M |
|
|
SEM
1069
DELISTED
Select Medical
SEM
| $63.9M | 0.01% |
3,720,823
+106,733
| +3% | +$1.65M |
|
1070
O-I Glass
OI
$1.08B
| $63.8M | 0.01% |
2,989,346
+123,142
| +4% | +$2.66M |
|
1071
Surgery Partners
SGRY
$2.03B
| $63.6M | 0.01% |
1,414,724
+205,260
| +17% | +$7.83M |
|
1072
Hanover Insurance
THG
$7.98B
| $63.5M | 0.01% |
562,019
+27,427
| +5% | +$3.25M |
|
1073
Applovin
APP
$116B
| $63.5M | 0.01% |
2,467,752
+219,675
| +10% | +$4.54M |
|
1074
Sabra Healthcare REIT
SBRA
$5.37B
| $63.5M | 0.01% |
5,394,150
+182,421
| +4% | +$2.08M |
|
1075
Dycom Industries
DY
$12.3B
| $63.3M | 0.01% |
557,324
+13,321
| +2% | +$1.32M |
|
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.