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 | |
|---|---|---|---|---|---|---|
1301
Douglas Emmett
DEI
$1.96B
| $46.7M | 0.01% |
3,714,862
+884,801
| +31% | +$10.7M |
|
|
EQC
1302
DELISTED
Equity Commonwealth
EQC
| $46.6M | 0.01% |
2,301,886
+45,181
| +2% | +$935K |
|
1303
KE Holdings
BEKE
$18.8B
| $46.6M | 0.01% |
3,161,990
+53,811
| +2% | +$879K |
|
1304
Marqeta
MQ
$1.66B
| $46.6M | 0.01% |
2,392,966
+242,329
| +11% | +$4.4M |
|
|
CYBR
1305
DELISTED
CyberArk
CYBR
| $46.6M | 0.01% |
298,967
+18,144
| +6% | +$2.6M |
|
1306
Freshpet
FRPT
$3.22B
| $46.5M | 0.01% |
706,993
+25,613
| +4% | +$1.68M |
|
1307
Ameris Bancorp
ABCB
$5.89B
| $46.4M | 0.01% |
1,355,922
+42,404
| +3% | +$1.41M |
|
1308
MYR Group
MYRG
$5.25B
| $46.4M | 0.01% |
335,279
+10,976
| +3% | +$1.43M |
|
1309
Integra LifeSciences
IART
$1.34B
| $46.2M | 0.01% |
1,124,246
+24,637
| +2% | +$1.19M |
|
|
AMED
1310
DELISTED
Amedisys
AMED
| $46.2M | 0.01% |
505,287
+20,701
| +4% | +$1.7M |
|
1311
Assured Guaranty
AGO
$3.34B
| $46.1M | 0.01% |
826,504
+13,713
| +2% | +$729K |
|
1312
Warner Music
WMG
$13.8B
| $46M | 0.01% |
1,762,500
+124,874
| +8% | +$3.46M |
|
1313
Energizer
ENR
$1.55B
| $45.9M | 0.01% |
1,367,159
+75,030
| +6% | +$2.51M |
|
1314
Qiagen
QGEN
$8.72B
| $45.9M | 0.01% |
960,609
+25,662
| +3% | +$1.24M |
|
1315
Sunstone Hotel Investors
SHO
$2.06B
| $45.7M | 0.01% |
4,520,150
+452
| +0% | +$4.5K |
|
1316
McGrath RentCorp
MGRC
$2.92B
| $45.7M | 0.01% |
494,382
+19,636
| +4% | +$1.79M |
|
1317
Cameco
CCJ
$42.4B
| $45.7M | 0.01% |
1,465,603
+90,661
| +7% | +$2.55M |
|
1318
Red Rock Resorts
RRR
$3.62B
| $45.5M | 0.01% |
971,665
+811
| +0.1% | +$37.7K |
|
|
VRNT
1319
DELISTED
Verint Systems
VRNT
| $45.4M | 0.01% |
1,294,650
+14,122
| +1% | +$509K |
|
1320
Hertz
HTZ
$717M
| $45.4M | 0.01% |
2,466,154
-55,203
| -2% | -$905K |
|
1321
Enovix
ENVX
$1.03B
| $45.1M | 0.01% |
2,859,130
+406,469
| +17% | +$4.73M |
|
1322
Spectrum Brands
SPB
$2.07B
| $45.1M | 0.01% |
577,954
+17,015
| +3% | +$1.21M |
|
1323
Jackson Financial
JXN
$8.8B
| $45M | 0.01% |
1,471,633
+100,031
| +7% | +$3.22M |
|
1324
Simmons First National
SFNC
$3.39B
| $45M | 0.01% |
2,610,050
+109,728
| +4% | +$1.85M |
|
1325
Materion
MTRN
$6.04B
| $45M | 0.01% |
394,214
+12,123
| +3% | +$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.