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 | |
|---|---|---|---|---|---|---|
1226
Marathon Digital Holdings
MARA
$3.85B
| $51.4M | 0.01% |
3,705,238
+1,080,124
| +41% | +$10.9M |
|
1227
Northern Oil and Gas
NOG
$2.35B
| $51.3M | 0.01% |
1,493,766
+183,372
| +14% | +$5.94M |
|
1228
Allegro MicroSystems
ALGM
$8.16B
| $51.2M | 0.01% |
1,135,340
+60,699
| +6% | +$2.46M |
|
1229
Vornado Realty Trust
VNO
$7.38B
| $51.2M | 0.01% |
2,820,919
+100,377
| +4% | +$1.48M |
|
1230
Patterson-UTI
PTEN
$3.76B
| $51.1M | 0.01% |
4,271,793
+43,744
| +1% | +$494K |
|
1231
Interparfums
IPAR
$3.94B
| $51.1M | 0.01% |
377,562
+17,796
| +5% | +$2.49M |
|
1232
Axsome Therapeutics
AXSM
$10.9B
| $51M | 0.01% |
709,768
+57,332
| +9% | +$4.23M |
|
1233
Korn Ferry
KFY
$4.28B
| $51M | 0.01% |
1,029,270
+49,320
| +5% | +$2.43M |
|
1234
Alarm.com
ALRM
$2.85B
| $51M | 0.01% |
986,032
+27,151
| +3% | +$1.34M |
|
|
AXNX
1235
DELISTED
Axonics, Inc. Common Stock
AXNX
| $50.9M | 0.01% |
1,009,432
+47,546
| +5% | +$2.53M |
|
1236
ZTO Express
ZTO
$17.9B
| $50.9M | 0.01% |
2,042,028
-1,535,368
| -43% | -$42.3M |
|
1237
Viavi Solutions
VIAV
$9.66B
| $50.8M | 0.01% |
4,487,298
+112,283
| +3% | +$1.1M |
|
1238
RXO
RXO
$3.58B
| $50.8M | 0.01% |
2,241,295
+635,109
| +40% | +$12.8M |
|
1239
Flywire
FLYW
$2.16B
| $50.7M | 0.01% |
1,634,610
+469,982
| +40% | +$14.1M |
|
1240
Resideo Technologies
REZI
$3.95B
| $50.7M | 0.01% |
2,871,704
+96,397
| +3% | +$1.66M |
|
1241
Clearway Energy Class C
CWEN
$6.7B
| $50.7M | 0.01% |
1,774,999
+104,299
| +6% | +$3.15M |
|
1242
MaxLinear
MXL
$6.8B
| $50.7M | 0.01% |
1,605,664
+200,325
| +14% | +$5.79M |
|
1243
Enovis
ENOV
$1.53B
| $50.7M | 0.01% |
790,285
+40,480
| +5% | +$2.3M |
|
1244
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $50.5M | 0.01% |
2,021,000
+344,632
| +21% | +$9.03M |
|
|
THS
1245
DELISTED
Treehouse Foods
THS
| $50.5M | 0.01% |
1,001,676
+35,625
| +4% | +$1.83M |
|
1246
CBIZ
CBZ
$2.96B
| $50.4M | 0.01% |
945,716
+37,201
| +4% | +$1.91M |
|
1247
Evertec
EVTC
$1.78B
| $50.3M | 0.01% |
1,366,970
+79,414
| +6% | +$2.75M |
|
1248
NCR Voyix
VYX
$1.14B
| $50.3M | 0.01% |
3,251,294
+170,394
| +6% | +$2.46M |
|
1249
Outfront Media
OUT
$5.49B
| $50.3M | 0.01% |
3,247,877
+147,535
| +5% | +$2.22M |
|
1250
White Mountains Insurance
WTM
$5.32B
| $50.3M | 0.01% |
36,180
+957
| +3% | +$1.35M |
|
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.