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 | |
|---|---|---|---|---|---|---|
1401
Crane NXT
CXT
$3.04B
| $40M | ﹤0.01% |
708,108
-1,216,529
| -63% | -$61.8M |
|
1402
Cohu
COHU
$2.48B
| $40M | ﹤0.01% |
961,615
+24,156
| +3% | +$891K |
|
|
SFBS
1403
ServisFirst Bancshares
SFBS
$4.86B
| $39.9M | ﹤0.01% |
975,182
+51,707
| +6% | +$2.39M |
|
1404
Stepan Co
SCL
$1.49B
| $39.8M | ﹤0.01% |
416,953
+15,436
| +4% | +$1.47M |
|
1405
First Financial Bancorp
FFBC
$3.53B
| $39.8M | ﹤0.01% |
1,949,262
+84,442
| +5% | +$1.72M |
|
1406
Kyndryl
KD
$3.02B
| $39.8M | ﹤0.01% |
2,999,977
+129,169
| +4% | +$1.75M |
|
1407
Carter's
CRI
$1.47B
| $39.8M | ﹤0.01% |
548,217
+14,997
| +3% | +$1.01M |
|
1408
Warrior Met Coal
HCC
$4.79B
| $39.8M | ﹤0.01% |
1,021,083
+37,340
| +4% | +$1.35M |
|
1409
Eastern Bankshares
EBC
$5.23B
| $39.8M | ﹤0.01% |
3,241,075
+83,938
| +3% | +$994K |
|
1410
Winnebago Industries
WGO
$906M
| $39.7M | ﹤0.01% |
595,777
+14,806
| +3% | +$883K |
|
1411
Piper Sandler
PIPR
$5.25B
| $39.7M | ﹤0.01% |
1,227,768
+37,336
| +3% | +$1.23M |
|
1412
Minerals Technologies
MTX
$2.36B
| $39.7M | ﹤0.01% |
687,553
+25,181
| +4% | +$1.47M |
|
1413
CorVel
CRVL
$3.24B
| $39.4M | ﹤0.01% |
611,256
+21,030
| +4% | +$1.41M |
|
1414
Gibraltar Industries
ROCK
$1.52B
| $39.3M | ﹤0.01% |
625,052
+7,180
| +1% | +$388K |
|
1415
Urban Edge Properties
UE
$2.7B
| $39.2M | ﹤0.01% |
2,537,666
+66,610
| +3% | +$960K |
|
|
DNB
1416
DELISTED
Dun & Bradstreet
DNB
| $38.9M | ﹤0.01% |
3,366,112
+186,740
| +6% | +$2.03M |
|
1417
Corcept Therapeutics
CORT
$11.9B
| $38.8M | ﹤0.01% |
1,744,790
-49,137
| -3% | -$1.13M |
|
1418
Green Plains
GPRE
$1.02B
| $38.8M | ﹤0.01% |
1,202,128
+70,851
| +6% | +$2.24M |
|
|
CPE
1419
DELISTED
Callon Petroleum Company
CPE
| $38.7M | ﹤0.01% |
1,103,801
+167,521
| +18% | +$5.61M |
|
1420
National Vision
EYE
$1.79B
| $38.7M | ﹤0.01% |
1,592,379
+39,225
| +3% | +$912K |
|
1421
Myriad Genetics
MYGN
$311M
| $38.6M | ﹤0.01% |
1,664,847
+60,740
| +4% | +$1.33M |
|
|
AKRO
1422
DELISTED
Akero Therapeutics
AKRO
| $38.5M | ﹤0.01% |
824,707
+158,780
| +24% | +$7.28M |
|
1423
Core & Main
CNM
$8.7B
| $38.4M | ﹤0.01% |
1,226,379
+197,625
| +19% | +$5.29M |
|
|
ROIC
1424
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $38.4M | ﹤0.01% |
2,841,372
+127,620
| +5% | +$1.65M |
|
1425
Skywest
SKYW
$4.35B
| $38.3M | ﹤0.01% |
941,470
-59,923
| -6% | -$1.78M |
|
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.