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 | |
|---|---|---|---|---|---|---|
1376
Helios Technologies
HLIO
$2.76B
| $41.6M | ﹤0.01% |
630,121
+23,837
| +4% | +$1.41M |
|
1377
BridgeBio Pharma
BBIO
$16.5B
| $41.6M | ﹤0.01% |
2,419,370
+166,212
| +7% | +$2.5M |
|
1378
Cracker Barrel
CBRL
$1.29B
| $41.6M | ﹤0.01% |
446,485
+13,406
| +3% | +$1.38M |
|
1379
Vir Biotechnology
VIR
$1.49B
| $41.5M | ﹤0.01% |
1,690,777
+165,359
| +11% | +$4.15M |
|
1380
IonQ
IONQ
$16.6B
| $41.5M | ﹤0.01% |
3,065,247
+474,218
| +18% | +$3.94M |
|
1381
Edgewell Personal Care
EPC
$1.31B
| $41.4M | ﹤0.01% |
1,002,834
+13,011
| +1% | +$556K |
|
1382
Vipshop
VIPS
$7.53B
| $41.4M | ﹤0.01% |
2,520,764
-222,575
| -8% | -$3.49M |
|
|
KW
1383
DELISTED
Kennedy-Wilson Holdings
KW
| $41.3M | ﹤0.01% |
2,531,523
+26,995
| +1% | +$431K |
|
|
STR
1384
DELISTED
Sitio Royalties
STR
| $41M | ﹤0.01% |
1,560,280
+200,133
| +15% | +$5.12M |
|
1385
Allegiant Air
ALGT
$2.57B
| $41M | ﹤0.01% |
324,385
+9,903
| +3% | +$1.04M |
|
|
PPBI
1386
DELISTED
Pacific Premier Bancorp
PPBI
| $40.8M | ﹤0.01% |
1,975,334
+83,131
| +4% | +$1.73M |
|
1387
SiTime
SITM
$21.8B
| $40.8M | ﹤0.01% |
346,193
+19,930
| +6% | +$2.17M |
|
1388
Chesapeake Utilities
CPK
$3.21B
| $40.8M | ﹤0.01% |
343,020
+11,993
| +4% | +$1.52M |
|
|
KDNY
1389
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $40.7M | ﹤0.01% |
1,060,417
+111,866
| +12% | +$2.87M |
|
1390
Trinity Industries
TRN
$2.38B
| $40.7M | ﹤0.01% |
1,583,670
+31,018
| +2% | +$709K |
|
|
AYX
1391
DELISTED
Alteryx Inc
AYX
| $40.6M | ﹤0.01% |
894,984
+49,699
| +6% | +$2.18M |
|
1392
StoneCo
STNE
$2.58B
| $40.6M | ﹤0.01% |
3,186,132
+224,313
| +8% | +$2.8M |
|
|
HTO
1393
H2O America
HTO
$2.62B
| $40.5M | ﹤0.01% |
578,079
+66,871
| +13% | +$5.05M |
|
1394
Impinj
PI
$5.6B
| $40.5M | ﹤0.01% |
452,071
+33,845
| +8% | +$3.61M |
|
1395
Independent Bank
INDB
$3.99B
| $40.5M | ﹤0.01% |
909,931
-3,412
| -0.4% | -$177K |
|
1396
Appian
APPN
$2.54B
| $40.3M | ﹤0.01% |
846,139
+40,132
| +5% | +$1.69M |
|
1397
Jack in the Box
JACK
$335M
| $40.2M | ﹤0.01% |
412,676
+2,444
| +0.6% | +$222K |
|
1398
Fulton Financial
FULT
$4.64B
| $40.2M | ﹤0.01% |
3,375,026
+59,775
| +2% | +$721K |
|
1399
Ingevity
NGVT
$2.68B
| $40.1M | ﹤0.01% |
690,205
+8,230
| +1% | +$494K |
|
1400
Huazhu Hotels Group
HTHT
$13B
| $40.1M | ﹤0.01% |
1,039,511
+11,438
| +1% | +$497K |
|
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.