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 | |
|---|---|---|---|---|---|---|
1576
Addus HomeCare
ADUS
$2.18B
| $30.3M | ﹤0.01% |
327,047
+13,416
| +4% | +$1.28M |
|
|
CVSA
1577
Covista Inc
CVSA
$4.24B
| $30.3M | ﹤0.01% |
881,456
+15,847
| +2% | +$634K |
|
1578
Xencor
XNCR
$1.53B
| $30.2M | ﹤0.01% |
1,210,491
+50,808
| +4% | +$1.38M |
|
|
LTC
1579
LTC Properties
LTC
$1.99B
| $30.2M | ﹤0.01% |
914,475
+54,845
| +6% | +$1.83M |
|
|
NEX
1580
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $30.2M | ﹤0.01% |
3,375,619
+265,462
| +9% | +$2.19M |
|
1581
Zentalis Pharmaceuticals
ZNTL
$355M
| $30.1M | ﹤0.01% |
1,067,601
+171,676
| +19% | +$4.12M |
|
1582
Stride
LRN
$3.45B
| $30M | ﹤0.01% |
806,804
+34,233
| +4% | +$1.37M |
|
1583
Viking Therapeutics
VKTX
$3.93B
| $29.9M | ﹤0.01% |
1,846,439
+983,207
| +114% | +$20.6M |
|
1584
Mercury Systems
MRCY
$6.59B
| $29.9M | ﹤0.01% |
865,027
+34,607
| +4% | +$1.48M |
|
1585
Geron
GERN
$1B
| $29.9M | ﹤0.01% |
9,315,398
+1,233,548
| +15% | +$3.51M |
|
|
DEA
1586
Easterly Government Properties
DEA
$1.18B
| $29.9M | ﹤0.01% |
824,062
+39,028
| +5% | +$1.37M |
|
1587
Acadia Realty Trust
AKR
$2.91B
| $29.9M | ﹤0.01% |
2,075,422
+46,585
| +2% | +$628K |
|
1588
Renasant Corp
RNST
$4.05B
| $29.8M | ﹤0.01% |
1,142,178
+46,172
| +4% | +$1.28M |
|
1589
Enerpac Tool Group
EPAC
$1.9B
| $29.8M | ﹤0.01% |
1,104,063
+48,390
| +5% | +$1.23M |
|
1590
Atlanta Braves Holdings Series B
BATRK
$3.21B
| $29.8M | ﹤0.01% |
751,409
+10,995
| +1% | +$413K |
|
|
XHR
1591
Xenia Hotels & Resorts
XHR
$1.85B
| $29.8M | ﹤0.01% |
2,417,670
-3,694
| -0.2% | -$46.1K |
|
1592
StoneX
SNEX
$8.37B
| $29.8M | ﹤0.01% |
1,813,094
+74,637
| +4% | +$1.33M |
|
1593
Protagonist Therapeutics
PTGX
$9.08B
| $29.8M | ﹤0.01% |
1,077,184
+151,191
| +16% | +$3.78M |
|
1594
Ironwood Pharmaceuticals
IRWD
$706M
| $29.7M | ﹤0.01% |
2,792,285
+158,481
| +6% | +$1.7M |
|
|
BBBY
1595
Bed Bath & Beyond
BBBY
$429M
| $29.7M | ﹤0.01% |
1,002,981
+57,755
| +6% | +$1.07M |
|
1596
Mobileye
MBLY
$2.1B
| $29.7M | ﹤0.01% |
772,771
+328,192
| +74% | +$13.3M |
|
|
NVEE
1597
DELISTED
NV5 Global
NVEE
| $29.7M | ﹤0.01% |
1,071,320
+43,904
| +4% | +$1.08M |
|
|
ALEX
1598
DELISTED
Alexander & Baldwin
ALEX
| $29.7M | ﹤0.01% |
1,595,884
+43,822
| +3% | +$821K |
|
1599
Enterprise Financial Services Corp
EFSC
$2.43B
| $29.6M | ﹤0.01% |
757,915
+31,484
| +4% | +$1.3M |
|
1600
Descartes Systems
DSGX
$6.44B
| $29.6M | ﹤0.01% |
366,343
+19,296
| +6% | +$1.5M |
|
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.