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 | |
|---|---|---|---|---|---|---|
1626
Hilltop Holdings
HTH
$2.28B
| $28.4M | ﹤0.01% |
902,390
-1,767
| -0.2% | -$54.1K |
|
1627
Monro
MNRO
$411M
| $28.3M | ﹤0.01% |
697,540
+22,346
| +3% | +$1.01M |
|
|
DO
1628
DELISTED
Diamond Offshore Drilling, Inc.
DO
| $28.3M | ﹤0.01% |
1,988,342
+125,984
| +7% | +$1.49M |
|
1629
LeMaitre Vascular
LMAT
$1.81B
| $28.3M | ﹤0.01% |
420,819
+17,967
| +4% | +$1.1M |
|
1630
Oxford Industries
OXM
$580M
| $28.3M | ﹤0.01% |
287,351
+7,135
| +3% | +$731K |
|
1631
Cannae Holdings
CNNE
$654M
| $28.2M | ﹤0.01% |
1,396,480
+56,114
| +4% | +$1.08M |
|
1632
City Holding Co
CHCO
$2.05B
| $28.2M | ﹤0.01% |
313,309
+16,141
| +5% | +$1.46M |
|
|
ACH
1633
Accendra Health
ACH
$227M
| $28.1M | ﹤0.01% |
1,474,368
+39,618
| +3% | +$707K |
|
1634
Virtus Investment Partners
VRTS
$1.08B
| $28.1M | ﹤0.01% |
142,118
+3,698
| +3% | +$699K |
|
1635
Digi International
DGII
$2.74B
| $27.9M | ﹤0.01% |
707,057
+18,997
| +3% | +$654K |
|
1636
CTS Corp
CTS
$1.91B
| $27.8M | ﹤0.01% |
652,788
+16,793
| +3% | +$738K |
|
1637
Algonquin Power & Utilities
AQN
$4.44B
| $27.8M | ﹤0.01% |
3,179,271
+142,374
| +5% | +$1.21M |
|
1638
NBT Bancorp
NBTB
$2.77B
| $27.7M | ﹤0.01% |
870,071
+21,793
| +3% | +$729K |
|
1639
Agilysys
AGYS
$3.12B
| $27.7M | ﹤0.01% |
402,961
+18,333
| +5% | +$1.38M |
|
1640
Syndax Pharmaceuticals
SNDX
$1.78B
| $27.7M | ﹤0.01% |
1,321,103
+93,502
| +8% | +$1.95M |
|
1641
National Beverage
FIZZ
$3.02B
| $27.6M | ﹤0.01% |
571,673
+18,892
| +3% | +$948K |
|
|
MRTX
1642
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $27.6M | ﹤0.01% |
764,483
+29,195
| +4% | +$1.2M |
|
1643
Roivant Sciences
ROIV
$25B
| $27.6M | ﹤0.01% |
2,740,005
+1,118,562
| +69% | +$10M |
|
|
SWTX
1644
DELISTED
SpringWorks Therapeutics
SWTX
| $27.6M | ﹤0.01% |
1,053,166
+224,708
| +27% | +$5.9M |
|
1645
TripAdvisor
TRIP
$1.63B
| $27.6M | ﹤0.01% |
1,672,812
+112,791
| +7% | +$1.91M |
|
1646
PDF Solutions
PDFS
$2.07B
| $27.6M | ﹤0.01% |
611,547
+32,697
| +6% | +$1.33M |
|
1647
PureCycle Technologies
PCT
$1.38B
| $27.6M | ﹤0.01% |
2,578,271
+202,037
| +9% | +$1.46M |
|
1648
Northwest Bancshares
NWBI
$2.34B
| $27.5M | ﹤0.01% |
2,598,073
+130,505
| +5% | +$1.45M |
|
1649
UFP Technologies
UFPT
$2.49B
| $27.5M | ﹤0.01% |
141,923
+8,062
| +6% | +$1.25M |
|
1650
monday.com
MNDY
$3.87B
| $27.4M | ﹤0.01% |
160,548
+124,799
| +349% | +$18.7M |
|
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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.