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 | |
|---|---|---|---|---|---|---|
1151
Signet Jewelers
SIG
$3.76B
| $57.5M | 0.01% |
881,289
+19,602
| +2% | +$1.36M |
|
|
PINC
1152
DELISTED
Premier
PINC
| $57.4M | 0.01% |
2,076,656
+106,442
| +5% | +$3.04M |
|
1153
PENN Entertainment
PENN
$2.7B
| $57.4M | 0.01% |
2,389,163
+67,182
| +3% | +$1.79M |
|
1154
Liberty Global Class C
LBTYK
$3.49B
| $57.3M | 0.01% |
3,233,330
-87,064
| -3% | -$1.62M |
|
1155
Prothena Corp
PRTA
$459M
| $57.2M | 0.01% |
838,421
+58,597
| +8% | +$3.78M |
|
1156
Insmed
INSM
$28.6B
| $57M | 0.01% |
2,703,543
+77,868
| +3% | +$1.48M |
|
1157
FormFactor
FORM
$9.17B
| $56.9M | 0.01% |
1,663,683
+41,870
| +3% | +$1.25M |
|
1158
California Water Service
CWT
$3.12B
| $56.8M | 0.01% |
1,099,868
+43,793
| +4% | +$2.46M |
|
1159
Calix
CALX
$2.39B
| $56.7M | 0.01% |
1,136,887
+64,100
| +6% | +$3.09M |
|
1160
Werner Enterprises
WERN
$2.25B
| $56.6M | 0.01% |
1,280,115
+56,638
| +5% | +$2.54M |
|
1161
Lazard
LAZ
$4.31B
| $56.5M | 0.01% |
1,767,148
-62,808
| -3% | -$1.94M |
|
|
CALY
1162
Callaway Golf Company
CALY
$3.14B
| $56.5M | 0.01% |
2,844,930
+172,893
| +6% | +$3.46M |
|
1163
ICU Medical
ICUI
$4.61B
| $56.4M | 0.01% |
316,437
+12,951
| +4% | +$2.38M |
|
1164
Rogers Corp
ROG
$2.4B
| $56.3M | 0.01% |
347,556
-2,285
| -0.7% | -$362K |
|
1165
Rogers Communications
RCI
$18.6B
| $56.3M | 0.01% |
1,234,312
+70,062
| +6% | +$3.28M |
|
1166
UMB Financial
UMBF
$11.1B
| $56.2M | 0.01% |
923,440
+39,832
| +5% | +$2.38M |
|
1167
Shake Shack
SHAK
$2.87B
| $56.2M | 0.01% |
723,269
+30,739
| +4% | +$1.97M |
|
|
GMS
1168
DELISTED
GMS Inc
GMS
| $55.8M | 0.01% |
806,014
+28,490
| +4% | +$1.76M |
|
1169
Kilroy Realty
KRC
$4.42B
| $55.6M | 0.01% |
1,846,810
+68,793
| +4% | +$2.01M |
|
1170
Verra Mobility
VRRM
$744M
| $55.5M | 0.01% |
2,815,209
+95,492
| +4% | +$1.69M |
|
|
CNH
1171
CNH Industrial
CNH
$17.5B
| $55.5M | 0.01% |
+3,855,157
| New | +$54.1M |
|
1172
WD-40
WDFC
$3.15B
| $55.4M | 0.01% |
293,668
+9,307
| +3% | +$1.76M |
|
1173
ABM Industries
ABM
$2.84B
| $55.3M | 0.01% |
1,296,582
+36,504
| +3% | +$1.58M |
|
1174
Plexus
PLXS
$7.23B
| $54.9M | 0.01% |
558,572
+17,947
| +3% | +$1.64M |
|
1175
Enpro
NPO
$7.05B
| $54.9M | 0.01% |
410,862
+9,195
| +2% | +$976K |
|
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.