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 | |
|---|---|---|---|---|---|---|
1426
BancFirst
BANF
$3.79B
| $38.3M | ﹤0.01% |
416,505
+35,931
| +9% | +$3.02M |
|
1427
Atlantic Union Bankshares
AUB
$5.95B
| $38.3M | ﹤0.01% |
1,476,224
+52,071
| +4% | +$1.47M |
|
1428
AAR Corp
AIR
$5.84B
| $38.3M | ﹤0.01% |
663,137
+32,728
| +5% | +$1.76M |
|
1429
Brookfield Asset Management
BAM
$84.2B
| $38.1M | ﹤0.01% |
1,174,644
+63,126
| +6% | +$2.03M |
|
1430
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $38.1M | ﹤0.01% |
1,722,064
+173,049
| +11% | +$3.76M |
|
|
MORF
1431
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $38M | ﹤0.01% |
662,139
+117,746
| +22% | +$6.15M |
|
1432
Veracyte
VCYT
$3.79B
| $37.9M | ﹤0.01% |
1,488,407
+53,889
| +4% | +$1.31M |
|
1433
ScottsMiracle-Gro
SMG
$3.73B
| $37.9M | ﹤0.01% |
604,712
+34,394
| +6% | +$2.31M |
|
1434
Greif
GEF
$5.01B
| $37.8M | ﹤0.01% |
548,394
+23,278
| +4% | +$1.49M |
|
1435
Dave & Buster's
PLAY
$364M
| $37.7M | ﹤0.01% |
846,397
+16,907
| +2% | +$618K |
|
1436
PennyMac Financial
PFSI
$4.03B
| $37.6M | ﹤0.01% |
535,410
-212
| -0% | -$13.4K |
|
1437
Peloton Interactive
PTON
$2.44B
| $37.6M | ﹤0.01% |
4,893,709
+94,536
| +2% | +$803K |
|
1438
Gentherm
THRM
$1.27B
| $37.6M | ﹤0.01% |
665,528
+18,857
| +3% | +$1.09M |
|
1439
OSI Systems
OSIS
$3.88B
| $37.5M | ﹤0.01% |
318,623
+1,438
| +0.5% | +$165K |
|
1440
RingCentral
RNG
$5.34B
| $37.5M | ﹤0.01% |
1,144,224
+47,607
| +4% | +$1.46M |
|
1441
Pebblebrook Hotel Trust
PEB
$2.05B
| $37.4M | ﹤0.01% |
2,683,934
-111,289
| -4% | -$1.55M |
|
|
VGR
1442
DELISTED
Vector Group Ltd.
VGR
| $37.4M | ﹤0.01% |
2,917,757
+109,837
| +4% | +$1.35M |
|
1443
Kratos Defense & Security Solutions
KTOS
$11.1B
| $37.3M | ﹤0.01% |
2,597,960
+101,691
| +4% | +$1.38M |
|
1444
BOK Financial
BOKF
$8.72B
| $37.1M | ﹤0.01% |
458,686
+3,022
| +0.7% | +$249K |
|
1445
Chewy
CHWY
$9.85B
| $37M | ﹤0.01% |
939,267
+45,703
| +5% | +$1.59M |
|
1446
Pacira BioSciences
PCRX
$1B
| $36.8M | ﹤0.01% |
919,601
+36,817
| +4% | +$1.52M |
|
|
HCP
1447
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $36.8M | ﹤0.01% |
1,407,307
+596,287
| +74% | +$17.5M |
|
1448
Diamondrock Hospitality Co
DRH
$2.58B
| $36.8M | ﹤0.01% |
4,594,472
+108,464
| +2% | +$877K |
|
|
SAVE
1449
DELISTED
Spirit Airlines, Inc.
SAVE
| $36.8M | ﹤0.01% |
2,142,802
+55,929
| +3% | +$916K |
|
1450
iShares MSCI Taiwan ETF
EWT
$10.7B
| – | – |
0
| – | – |
|
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.