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 | |
|---|---|---|---|---|---|---|
1601
MasterBrand
MBC
$1.14B
| $29.5M | ﹤0.01% |
2,539,150
+756,199
| +42% | +$7.25M |
|
1602
Talos Energy
TALO
$2.38B
| $29.5M | ﹤0.01% |
2,127,025
+868,953
| +69% | +$11.7M |
|
1603
Green Brick Partners
GRBK
$3.14B
| $29.4M | ﹤0.01% |
518,396
+7,115
| +1% | +$331K |
|
1604
Alphatec Holdings
ATEC
$1.38B
| $29.3M | ﹤0.01% |
1,632,366
+177,478
| +12% | +$2.76M |
|
1605
JELD-WEN Holding
JELD
$153M
| $29.3M | ﹤0.01% |
1,671,152
+80,882
| +5% | +$1.13M |
|
1606
John Wiley & Sons Class A
WLY
$2.77B
| $29.3M | ﹤0.01% |
859,759
+30,872
| +4% | +$1.12M |
|
1607
PROG Holdings
PRG
$1.81B
| $29.2M | ﹤0.01% |
910,098
-33,719
| -4% | -$1.02M |
|
|
RDFN
1608
DELISTED
Redfin
RDFN
| $29.2M | ﹤0.01% |
2,352,574
+109,402
| +5% | +$1.07M |
|
1609
TTM Technologies
TTMI
$14.3B
| $29.2M | ﹤0.01% |
2,100,216
+69,713
| +3% | +$900K |
|
1610
GFL Environmental
GFL
$14.9B
| $29.2M | ﹤0.01% |
756,448
+182,824
| +32% | +$6.64M |
|
1611
Tennant Co
TNC
$1.27B
| $29.1M | ﹤0.01% |
359,309
+4,637
| +1% | +$348K |
|
1612
Iovance Biotherapeutics
IOVA
$2.63B
| $29.1M | ﹤0.01% |
4,138,362
+1,098,929
| +36% | +$7.87M |
|
1613
Nextpower Inc
NXT
$14.8B
| $29.1M | ﹤0.01% |
730,015
+171,998
| +31% | +$6.3M |
|
1614
Cushman & Wakefield Ltd
CWK
$3.21B
| $29M | ﹤0.01% |
3,541,366
+246,582
| +7% | +$2.14M |
|
1615
Tronox
TROX
$1.04B
| $28.9M | ﹤0.01% |
2,277,461
+73,132
| +3% | +$919K |
|
1616
Palomar
PLMR
$3.55B
| $28.9M | ﹤0.01% |
498,649
+11,352
| +2% | +$607K |
|
|
PENG
1617
Penguin Solutions Inc
PENG
$2.85B
| $28.9M | ﹤0.01% |
996,067
+50,049
| +5% | +$1M |
|
1618
Park National Corp
PRK
$3.77B
| $28.8M | ﹤0.01% |
281,835
+6,238
| +2% | +$662K |
|
1619
Par Pacific Holdings
PARR
$3.45B
| $28.8M | ﹤0.01% |
1,083,568
+113,363
| +12% | +$2.68M |
|
1620
Sylvamo
SLVM
$1.52B
| $28.8M | ﹤0.01% |
712,163
+40,907
| +6% | +$1.77M |
|
1621
Middlesex Water
MSEX
$1.09B
| $28.7M | ﹤0.01% |
355,860
+13,933
| +4% | +$1.09M |
|
1622
Biohaven
BHVN
$2.09B
| $28.7M | ﹤0.01% |
1,199,072
+8,578
| +0.7% | +$148K |
|
1623
BGC Group
BGC
$5.07B
| $28.6M | ﹤0.01% |
6,548,515
+238,697
| +4% | +$1.06M |
|
|
AIV
1624
Aimco
AIV
$381M
| $28.6M | ﹤0.01% |
3,352,146
-46,720
| -1% | -$380K |
|
|
MDRX
1625
DELISTED
Veradigm Inc. Common Stock
MDRX
| $28.4M | ﹤0.01% |
2,254,299
+67,066
| +3% | +$815K |
|
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.