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 | |
|---|---|---|---|---|---|---|
1551
Leslie's
LESL
$13.4M
| $31.5M | ﹤0.01% |
167,768
+52,200
| +45% | +$10.8M |
|
1552
Delek US
DK
$3.63B
| $31.3M | ﹤0.01% |
1,306,547
+16,235
| +1% | +$369K |
|
1553
Energy Recovery
ERII
$439M
| $31.1M | ﹤0.01% |
1,112,115
+46,592
| +4% | +$1.16M |
|
1554
WIX.com
WIX
$2.58B
| $31M | ﹤0.01% |
398,141
-233,522
| -37% | -$19.2M |
|
1555
Ameresco
AMRC
$1.38B
| $31M | ﹤0.01% |
638,355
+28,554
| +5% | +$1.29M |
|
1556
Goosehead Insurance
GSHD
$2.38B
| $31M | ﹤0.01% |
493,583
+89,433
| +22% | +$5.14M |
|
1557
Rocket Lab Corp
RKLB
$47.7B
| $31M | ﹤0.01% |
5,166,222
+845,617
| +20% | +$3.88M |
|
1558
WesBanco
WSBC
$4B
| $31M | ﹤0.01% |
1,209,466
+36,016
| +3% | +$938K |
|
1559
ePlus
PLUS
$2.39B
| $31M | ﹤0.01% |
549,970
+23,269
| +4% | +$1.15M |
|
|
BWIN
1560
Baldwin Insurance Group
BWIN
$2.83B
| $30.9M | ﹤0.01% |
1,248,657
+45,648
| +4% | +$1.08M |
|
1561
Brinker International
EAT
$9.68B
| $30.9M | ﹤0.01% |
844,061
+30,977
| +4% | +$1.17M |
|
|
HBI
1562
DELISTED
Hanesbrands
HBI
| $30.8M | ﹤0.01% |
6,792,880
+1,924,820
| +40% | +$8.8M |
|
1563
Bread Financial
BFH
$4.49B
| $30.8M | ﹤0.01% |
982,390
+21,009
| +2% | +$603K |
|
1564
Banner Corp
BANR
$2.4B
| $30.8M | ﹤0.01% |
706,053
+24,926
| +4% | +$1.18M |
|
|
VSTO
1565
DELISTED
Vista Outdoor Inc.
VSTO
| $30.8M | ﹤0.01% |
1,113,540
+41,590
| +4% | +$1.12M |
|
1566
Cohen & Steers
CNS
$4.33B
| $30.8M | ﹤0.01% |
530,337
+26,334
| +5% | +$1.54M |
|
1567
Certara
CERT
$1.24B
| $30.7M | ﹤0.01% |
1,687,591
+50,920
| +3% | +$1.08M |
|
1568
Scorpio Tankers
STNG
$3.81B
| $30.7M | ﹤0.01% |
650,160
+199,925
| +44% | +$9.88M |
|
1569
Nelnet
NNI
$4.85B
| $30.7M | ﹤0.01% |
318,107
+8,769
| +3% | +$833K |
|
|
HEES
1570
DELISTED
H&E Equipment Services
HEES
| $30.7M | ﹤0.01% |
670,666
+29,902
| +5% | +$1.19M |
|
1571
Northwest Natural Holdings
NWN
$2.12B
| $30.6M | ﹤0.01% |
711,461
+43,922
| +7% | +$1.98M |
|
1572
International Seaways
INSW
$4.61B
| $30.6M | ﹤0.01% |
799,975
-58,535
| -7% | -$2.24M |
|
1573
Andersons Inc
ANDE
$2.37B
| $30.5M | ﹤0.01% |
661,298
+23,642
| +4% | +$989K |
|
|
ARI
1574
Apollo Commercial Real Estate
ARI
$879M
| $30.4M | ﹤0.01% |
2,688,446
+101,488
| +4% | +$1.02M |
|
|
AVDX
1575
DELISTED
AvidXchange
AVDX
| $30.3M | ﹤0.01% |
2,922,313
+245,379
| +9% | +$2.21M |
|
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.