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 | |
|---|---|---|---|---|---|---|
1676
Stock Yards Bancorp
SYBT
$2.63B
| $26.3M | ﹤0.01% |
579,391
+4,341
| +0.8% | +$203K |
|
1677
Pathward Financial
CASH
$1.89B
| $26.3M | ﹤0.01% |
566,997
+6,978
| +1% | +$313K |
|
1678
Matthews International
MATW
$857M
| $26.3M | ﹤0.01% |
615,959
+13,753
| +2% | +$533K |
|
|
SQSP
1679
DELISTED
Squarespace, Inc.
SQSP
| $26.1M | ﹤0.01% |
827,306
+153,787
| +23% | +$4.65M |
|
1680
Construction Partners
ROAD
$5.94B
| $26M | ﹤0.01% |
829,589
+24,635
| +3% | +$705K |
|
1681
Brown-Forman Class A
BF.A
$13.2B
| $25.9M | ﹤0.01% |
380,676
+32,042
| +9% | +$2.09M |
|
|
CPRX
1682
DELISTED
Catalyst Pharmaceutical
CPRX
| $25.9M | ﹤0.01% |
1,926,415
+72,193
| +4% | +$1.04M |
|
1683
Marten Transport
MRTN
$1.22B
| $25.8M | ﹤0.01% |
1,201,201
+31,650
| +3% | +$665K |
|
1684
Chefs' Warehouse
CHEF
$4.43B
| $25.7M | ﹤0.01% |
718,023
+40,033
| +6% | +$1.33M |
|
1685
Driven Brands
DRVN
$2.41B
| $25.7M | ﹤0.01% |
948,272
+18,147
| +2% | +$505K |
|
|
PRO
1686
DELISTED
PROS Holdings
PRO
| $25.6M | ﹤0.01% |
832,491
+58,772
| +8% | +$1.65M |
|
1687
First Commonwealth Financial
FCF
$2.19B
| $25.6M | ﹤0.01% |
2,025,719
+71,271
| +4% | +$899K |
|
1688
HNI Corp
HNI
$3.5B
| $25.6M | ﹤0.01% |
908,209
+139,443
| +18% | +$3.71M |
|
|
AMWD
1689
DELISTED
American Woodmark
AMWD
| $25.6M | ﹤0.01% |
335,034
+10,674
| +3% | +$620K |
|
1690
Lindsay Corp
LNN
$1.17B
| $25.6M | ﹤0.01% |
214,372
+7,841
| +4% | +$974K |
|
|
IBTX
1691
DELISTED
Independent Bank Group, Inc.
IBTX
| $25.6M | ﹤0.01% |
740,769
+25,220
| +4% | +$936K |
|
1692
Sally Beauty Holdings
SBH
$1.51B
| $25.6M | ﹤0.01% |
2,069,241
+64,662
| +3% | +$820K |
|
1693
Embecta
EMBC
$212M
| $25.5M | ﹤0.01% |
1,182,013
+58,805
| +5% | +$1.6M |
|
|
VTYX
1694
DELISTED
Ventyx Biosciences
VTYX
| $25.4M | ﹤0.01% |
775,720
+238,578
| +44% | +$8.22M |
|
1695
3D Systems Corp
DDD
$583M
| $25.4M | ﹤0.01% |
2,556,292
+105,710
| +4% | +$966K |
|
1696
Vicor
VICR
$10.1B
| $25.3M | ﹤0.01% |
468,385
+27,075
| +6% | +$1.34M |
|
1697
TPG
TPG
$7.69B
| $25.2M | ﹤0.01% |
861,644
+333,578
| +63% | +$9.36M |
|
1698
Procept Biorobotics
PRCT
$1.1B
| $25.2M | ﹤0.01% |
713,191
+119,313
| +20% | +$3.95M |
|
1699
Tencent Music
TME
$15.6B
| $25.2M | ﹤0.01% |
3,436,136
+99,500
| +3% | +$752K |
|
|
RADI
1700
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
| $25.2M | ﹤0.01% |
1,690,392
+142,854
| +9% | +$2.11M |
|
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.