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 | |
|---|---|---|---|---|---|---|
|
SAGE
1251
DELISTED
Sage Therapeutics
SAGE
| $50.2M | 0.01% |
1,067,545
+27,300
| +3% | +$1.36M |
|
1252
International Bancshares
IBOC
$4.57B
| $50M | 0.01% |
1,131,966
+57,483
| +5% | +$2.5M |
|
1253
Credit Acceptance
CACC
$6.08B
| $49.6M | 0.01% |
97,713
+1,107
| +1% | +$518K |
|
1254
Affirm
AFRM
$25.2B
| $49.5M | 0.01% |
3,227,109
+111,555
| +4% | +$1.48M |
|
1255
Yeti Holdings
YETI
$3.95B
| $49.4M | 0.01% |
1,272,099
+76,685
| +6% | +$2.97M |
|
1256
Papa John's
PZZA
$806M
| $49.3M | 0.01% |
667,758
+25,568
| +4% | +$1.9M |
|
1257
Associated Banc-Corp
ASB
$5.91B
| $49.3M | 0.01% |
3,036,245
+170,220
| +6% | +$2.81M |
|
1258
Community Bank
CBU
$3.41B
| $49.3M | 0.01% |
1,050,734
+30,635
| +3% | +$1.5M |
|
1259
Grand Canyon Education
LOPE
$3.98B
| $49.2M | 0.01% |
476,975
+15,936
| +3% | +$1.75M |
|
1260
Carvana
CVNA
$77.9B
| $49.2M | 0.01% |
9,490,960
+2,587,915
| +37% | +$7.18M |
|
1261
Tanger
SKT
$4.52B
| $49.2M | 0.01% |
2,227,959
+112,049
| +5% | +$2.25M |
|
1262
Open Text
OTEX
$6.04B
| $49.1M | 0.01% |
1,177,104
+62,710
| +6% | +$2.52M |
|
1263
Brighthouse Financial
BHF
$3.49B
| $49M | 0.01% |
1,033,791
+12,176
| +1% | +$524K |
|
1264
Walker & Dunlop
WD
$1.53B
| $48.9M | 0.01% |
618,871
+38,773
| +7% | +$2.8M |
|
1265
Ultragenyx Pharmaceutical
RARE
$2.55B
| $48.9M | 0.01% |
1,060,613
+45,973
| +5% | +$2.13M |
|
1266
National Health Investors
NHI
$3.65B
| $48.9M | 0.01% |
933,049
+13,654
| +1% | +$704K |
|
1267
DigitalBridge
DBRG
$2.95B
| $48.9M | 0.01% |
3,321,703
+197,745
| +6% | +$2.43M |
|
1268
GlobalFoundries
GFS
$29.6B
| $48.6M | 0.01% |
752,829
+72,853
| +11% | +$4.41M |
|
1269
Mueller Water Products
MWA
$4.17B
| $48.6M | 0.01% |
2,993,942
+93,956
| +3% | +$1.34M |
|
1270
Boot Barn
BOOT
$4.95B
| $48.6M | 0.01% |
573,745
+21,161
| +4% | +$1.55M |
|
1271
J&J Snack Foods
JJSF
$1.71B
| $48.4M | 0.01% |
305,526
+7,692
| +3% | +$1.19M |
|
1272
Steven Madden
SHOO
$3.55B
| $48.4M | 0.01% |
1,479,800
+20,531
| +1% | +$685K |
|
1273
Four Corners Property Trust
FCPT
$2.75B
| $48.3M | 0.01% |
1,902,834
+105,477
| +6% | +$2.73M |
|
1274
Zillow
ZG
$7.63B
| $48.3M | 0.01% |
980,802
-24,634
| -2% | -$1.11M |
|
1275
Azenta
AZTA
$1.48B
| $48.1M | 0.01% |
1,031,303
-14,208
| -1% | -$622K |
|
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.