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 | |
|---|---|---|---|---|---|---|
1651
Archrock
AROC
$5.95B
| $27.3M | ﹤0.01% |
2,666,097
+120,210
| +5% | +$1.19M |
|
|
VRE
1652
DELISTED
Veris Residential
VRE
| $27.3M | ﹤0.01% |
1,702,625
-22,847
| -1% | -$369K |
|
1653
Herbalife
HLF
$1.31B
| $27.3M | ﹤0.01% |
2,063,736
+95,971
| +5% | +$1.31M |
|
1654
Astrana Health
ASTH
$1.78B
| $27.2M | ﹤0.01% |
861,823
+74,520
| +9% | +$2.56M |
|
1655
Expro Ltd
XPRO
$1.83B
| $27.2M | ﹤0.01% |
1,534,127
+47,940
| +3% | +$865K |
|
|
CCC
1656
CCC Intelligent Solutions
CCC
$3.8B
| $27.1M | ﹤0.01% |
2,421,860
+251,216
| +12% | +$2.47M |
|
1657
Coursera
COUR
$1.66B
| $27.1M | ﹤0.01% |
2,084,766
+241,125
| +13% | +$2.89M |
|
1658
Triumph Financial Inc
TFIN
$1.87B
| $27.1M | ﹤0.01% |
446,906
+1,665
| +0.4% | +$91.5K |
|
|
GAP
1659
The Gap Inc
GAP
$7.4B
| $27.1M | ﹤0.01% |
3,036,564
+145,468
| +5% | +$1.3M |
|
1660
BioCryst Pharmaceuticals
BCRX
$2.31B
| $27M | ﹤0.01% |
3,832,555
+178,999
| +5% | +$1.44M |
|
1661
The Greenbrier Companies
GBX
$1.54B
| $26.9M | ﹤0.01% |
624,641
+7,021
| +1% | +$207K |
|
1662
Reynolds Consumer Products
REYN
$5.64B
| $26.8M | ﹤0.01% |
948,242
-4,638
| -0.5% | -$129K |
|
1663
Liberty Latin America Class C
LILAK
$1.66B
| $26.7M | ﹤0.01% |
3,406,257
+31,736
| +0.9% | +$237K |
|
1664
Mirion Technologies
MIR
$3.84B
| $26.7M | ﹤0.01% |
3,158,057
+707,193
| +29% | +$5.74M |
|
|
TWO
1665
Two Harbors Investment
TWO
$1.26B
| $26.7M | ﹤0.01% |
1,920,567
+83,013
| +5% | +$1.09M |
|
1666
Malibu Boats
MBUU
$575M
| $26.7M | ﹤0.01% |
454,411
+19,394
| +4% | +$1.09M |
|
1667
FirstService
FSV
$6.35B
| $26.6M | ﹤0.01% |
172,868
+11,850
| +7% | +$1.72M |
|
|
CIM
1668
Chimera Investment
CIM
$991M
| $26.5M | ﹤0.01% |
1,533,223
+57,557
| +4% | +$917K |
|
1669
Veeco
VECO
$3.23B
| $26.5M | ﹤0.01% |
1,032,172
+49,726
| +5% | +$1.09M |
|
1670
StepStone Group
STEP
$4.1B
| $26.5M | ﹤0.01% |
1,066,734
+38,254
| +4% | +$878K |
|
1671
Trustmark
TRMK
$2.83B
| $26.5M | ﹤0.01% |
1,252,404
+39,823
| +3% | +$898K |
|
1672
Ingles Markets
IMKTA
$1.67B
| $26.4M | ﹤0.01% |
319,228
+8,838
| +3% | +$761K |
|
|
ZUO
1673
DELISTED
Zuora, Inc.
ZUO
| $26.4M | ﹤0.01% |
2,404,174
+50,242
| +2% | +$476K |
|
1674
Kforce
KFRC
$1.05B
| $26.4M | ﹤0.01% |
420,776
+5,650
| +1% | +$340K |
|
1675
Federal Agricultural Mortgage
AGM
$2.58B
| $26.4M | ﹤0.01% |
183,324
+5,442
| +3% | +$746K |
|
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.