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 | |
|---|---|---|---|---|---|---|
1351
Lumen
LUMN
$6.44B
| $42.9M | 0.01% |
19,000,916
+5,001,053
| +36% | +$11M |
|
|
RVNC
1352
DELISTED
Revance Therapeutics, Inc.
RVNC
| $42.9M | 0.01% |
1,695,510
+98,996
| +6% | +$3.08M |
|
1353
NewMarket
NEU
$8.18B
| $42.9M | 0.01% |
106,679
+16,244
| +18% | +$6.33M |
|
1354
SL Green Realty
SLG
$3.99B
| $42.8M | 0.01% |
1,424,518
+400,373
| +39% | +$9.66M |
|
|
CERE
1355
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $42.8M | 0.01% |
1,346,029
+88,109
| +7% | +$2.7M |
|
1356
Kontoor Brands
KTB
$4.26B
| $42.8M | 0.01% |
1,016,066
+40,982
| +4% | +$1.76M |
|
1357
United Parks & Resorts
PRKS
$2.12B
| $42.8M | 0.01% |
763,659
+14,413
| +2% | +$813K |
|
1358
First Bancorp
FBP
$4.38B
| $42.7M | 0.01% |
3,497,173
+54,223
| +2% | +$631K |
|
1359
First Interstate BancSystem
FIBK
$3.58B
| $42.7M | 0.01% |
1,791,070
-8,420
| -0.5% | -$212K |
|
1360
Century Communities
CCS
$2.03B
| $42.6M | 0.01% |
556,496
+18,769
| +3% | +$1.26M |
|
1361
Urban Outfitters
URBN
$6.59B
| $42.5M | 0.01% |
1,283,120
+37,740
| +3% | +$1.1M |
|
1362
Boston Beer
SAM
$1.92B
| $42.5M | 0.01% |
137,739
+6,897
| +5% | +$2.22M |
|
1363
Worthington Enterprises
WOR
$2.86B
| $42.5M | 0.01% |
991,400
+31,226
| +3% | +$1.16M |
|
1364
Alpha Metallurgical Resources
AMR
$1.93B
| $42.4M | 0.01% |
258,041
-18,135
| -7% | -$2.77M |
|
1365
Axos Financial
AX
$5.68B
| $42.3M | 0.01% |
1,072,494
+21,935
| +2% | +$850K |
|
1366
Highwoods Properties
HIW
$3.47B
| $42.3M | 0.01% |
1,768,604
+79,555
| +5% | +$1.76M |
|
1367
Beam Therapeutics
BEAM
$2.84B
| $42.3M | 0.01% |
1,324,175
+121,846
| +10% | +$3.95M |
|
1368
CarGurus
CARG
$3.52B
| $42.3M | 0.01% |
1,867,808
-18,484
| -1% | -$350K |
|
1369
Privia Health
PRVA
$2.83B
| $42.2M | 0.01% |
1,617,064
+579,875
| +56% | +$15.3M |
|
1370
NeoGenomics
NEO
$2.13B
| $42.1M | ﹤0.01% |
2,617,439
+99,568
| +4% | +$1.64M |
|
1371
American Eagle Outfitters
AEO
$3.01B
| $42M | ﹤0.01% |
3,555,386
+415,612
| +13% | +$5.18M |
|
1372
Sonos
SONO
$1.85B
| $41.8M | ﹤0.01% |
2,562,432
+90,767
| +4% | +$1.61M |
|
1373
Liberty Energy
LBRT
$3.25B
| $41.8M | ﹤0.01% |
3,128,674
+468,807
| +18% | +$6.07M |
|
|
EDR
1374
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $41.8M | ﹤0.01% |
1,746,161
+191,336
| +12% | +$4.51M |
|
1375
Pricesmart
PSMT
$5.46B
| $41.7M | ﹤0.01% |
562,461
+23,262
| +4% | +$1.71M |
|
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.