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 | |
|---|---|---|---|---|---|---|
|
SIX
1451
DELISTED
Six Flags Entertainment Corp.
SIX
| $36.7M | ﹤0.01% |
1,410,853
+386,481
| +38% | +$9.99M |
|
1452
Navient
NAVI
$848M
| $36.6M | ﹤0.01% |
1,971,829
-90,363
| -4% | -$1.49M |
|
1453
Clear Secure
YOU
$5.37B
| $36.6M | ﹤0.01% |
1,581,116
+258,907
| +20% | +$6.4M |
|
1454
PagerDuty
PD
$888M
| $36.5M | ﹤0.01% |
1,623,347
+55,680
| +4% | +$1.55M |
|
|
LAZR
1455
DELISTED
Luminar Technologies
LAZR
| $36.5M | ﹤0.01% |
353,440
+31,577
| +10% | +$2.98M |
|
|
NOVA
1456
DELISTED
Sunnova Energy
NOVA
| $36.5M | ﹤0.01% |
1,991,623
+61,483
| +3% | +$1.04M |
|
1457
Telus
TU
$15.4B
| $36.5M | ﹤0.01% |
1,813,769
+84,831
| +5% | +$1.71M |
|
1458
Harmonic Inc
HLIT
$1.29B
| $36.5M | ﹤0.01% |
2,254,352
+272,764
| +14% | +$4.38M |
|
1459
XPEL
XPEL
$1.37B
| $36.4M | ﹤0.01% |
432,590
+26,678
| +7% | +$1.97M |
|
1460
Alamo Group
ALG
$2.05B
| $36.4M | ﹤0.01% |
197,879
+8,101
| +4% | +$1.44M |
|
1461
Remitly
RELY
$5.28B
| $36.4M | ﹤0.01% |
1,933,604
+12,539
| +0.7% | +$228K |
|
1462
CVB Financial
CVBF
$3.99B
| $36.3M | ﹤0.01% |
2,732,829
+73,802
| +3% | +$1.02M |
|
1463
Xerox
XRX
$428M
| $36.3M | ﹤0.01% |
2,435,033
+133,551
| +6% | +$1.96M |
|
1464
Oceaneering
OII
$4.87B
| $36.2M | ﹤0.01% |
1,936,346
+74,167
| +4% | +$1.28M |
|
1465
Federated Hermes
FHI
$4.68B
| $36.2M | ﹤0.01% |
1,008,610
-713,247
| -41% | -$27.6M |
|
|
AGR
1466
DELISTED
Avangrid, Inc.
AGR
| $36.2M | ﹤0.01% |
959,583
+9,650
| +1% | +$379K |
|
1467
LiveRamp
RAMP
$2.3B
| $36.1M | ﹤0.01% |
1,264,516
+30,521
| +2% | +$757K |
|
1468
Griffon
GFF
$4.82B
| $36M | ﹤0.01% |
893,178
+35,479
| +4% | +$1.16M |
|
1469
Abercrombie & Fitch
ANF
$4.98B
| $36M | ﹤0.01% |
954,843
+22,905
| +2% | +$653K |
|
1470
The Bancorp
TBBK
$2.93B
| $35.9M | ﹤0.01% |
1,099,757
+13,705
| +1% | +$422K |
|
1471
PJT Partners
PJT
$4.39B
| $35.8M | ﹤0.01% |
514,342
+29,913
| +6% | +$2.07M |
|
1472
Fastly Inc
FSLY
$3.63B
| $35.8M | ﹤0.01% |
2,270,552
+100,764
| +5% | +$1.54M |
|
1473
RLJ Lodging Trust
RLJ
$1.75B
| $35.8M | ﹤0.01% |
3,482,562
+60,687
| +2% | +$630K |
|
1474
Semtech
SMTC
$13.1B
| $35.8M | ﹤0.01% |
1,404,270
+71,805
| +5% | +$1.55M |
|
1475
WaFd
WAFD
$2.75B
| $35.6M | ﹤0.01% |
1,343,310
+44,992
| +3% | +$1.25M |
|
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.