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 | |
|---|---|---|---|---|---|---|
1201
Carpenter Technology
CRS
$28.4B
| $53.2M | 0.01% |
946,988
+29,832
| +3% | +$1.46M |
|
1202
Kosmos Energy
KOS
$1.48B
| $52.8M | 0.01% |
8,816,721
+396,658
| +5% | +$2.58M |
|
1203
Macerich
MAC
$6.92B
| $52.7M | 0.01% |
4,676,895
+72,375
| +2% | +$737K |
|
1204
Tidewater
TDW
$4.12B
| $52.7M | 0.01% |
949,927
+23,755
| +3% | +$1.09M |
|
1205
Cactus
WHD
$5.44B
| $52.6M | 0.01% |
1,243,214
+59,578
| +5% | +$2.32M |
|
|
PR
1206
Permian Resources
PR
$16.9B
| $52.6M | 0.01% |
4,799,106
+363,941
| +8% | +$3.72M |
|
1207
InterDigital
IDCC
$8.89B
| $52.6M | 0.01% |
544,682
-18,054
| -3% | -$1.46M |
|
1208
STAAR Surgical
STAA
$1.21B
| $52.4M | 0.01% |
997,103
+55,492
| +6% | +$3.38M |
|
1209
Krystal Biotech
KRYS
$9.66B
| $52.2M | 0.01% |
444,260
+13,689
| +3% | +$1.4M |
|
1210
Revolution Medicines
RVMD
$44B
| $52.1M | 0.01% |
1,948,460
+214,383
| +12% | +$5.26M |
|
1211
ACI Worldwide
ACIW
$5.46B
| $52.1M | 0.01% |
2,249,148
+41,311
| +2% | +$999K |
|
1212
Arbor Realty Trust
ABR
$998M
| $52.1M | 0.01% |
3,514,557
+304,339
| +9% | +$3.77M |
|
|
AZEK
1213
DELISTED
The AZEK Co
AZEK
| $52.1M | 0.01% |
1,718,864
+203,236
| +13% | +$5.26M |
|
1214
ESAB
ESAB
$5.71B
| $52M | 0.01% |
781,409
+47,733
| +7% | +$2.89M |
|
1215
ArcBest
ARCB
$3.08B
| $51.9M | 0.01% |
525,662
+9,184
| +2% | +$821K |
|
1216
Frontdoor
FTDR
$6.38B
| $51.8M | 0.01% |
1,623,362
+10,923
| +0.7% | +$325K |
|
1217
AeroVironment
AVAV
$9.45B
| $51.8M | 0.01% |
506,087
+21,096
| +4% | +$2.12M |
|
1218
ESCO Technologies
ESE
$7.92B
| $51.7M | 0.01% |
498,776
+4,113
| +0.8% | +$395K |
|
1219
Quaker Houghton
KWR
$2.92B
| $51.7M | 0.01% |
265,144
+9,899
| +4% | +$1.94M |
|
1220
C3.ai
AI
$1.59B
| $51.7M | 0.01% |
1,418,270
+36,867
| +3% | +$1.04M |
|
1221
Texas Capital Bancshares
TCBI
$4.32B
| $51.7M | 0.01% |
1,003,061
+28,836
| +3% | +$1.44M |
|
|
CSW
1222
CSW Industrials
CSW
$5.71B
| $51.5M | 0.01% |
309,976
+17,223
| +6% | +$2.49M |
|
1223
Peabody Energy
BTU
$2.9B
| $51.5M | 0.01% |
2,375,526
+141,328
| +6% | +$3.13M |
|
1224
ASML
ASML
$669B
| $51.4M | 0.01% |
70,985
+1,027
| +1% | +$698K |
|
1225
Upstart Holdings
UPST
$3.03B
| $51.4M | 0.01% |
1,436,577
+407,395
| +40% | +$9.37M |
|
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.