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 | |
|---|---|---|---|---|---|---|
1701
First Bancorp
FBNC
$2.68B
| $25.1M | ﹤0.01% |
844,824
+38,684
| +5% | +$1.22M |
|
|
DISH
1702
DELISTED
DISH Network Corp.
DISH
| $25.1M | ﹤0.01% |
3,809,094
-1,621,577
| -30% | -$11.5M |
|
1703
Lakeland Financial Corp
LKFN
$1.57B
| $25M | ﹤0.01% |
516,187
+26,657
| +5% | +$1.39M |
|
1704
Brady Corp
BRC
$4.62B
| $25M | ﹤0.01% |
526,062
-399,858
| -43% | -$20.1M |
|
1705
World Kinect Corp
WKC
$1.97B
| $25M | ﹤0.01% |
1,207,038
+35,222
| +3% | +$839K |
|
|
SILK
1706
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $24.9M | ﹤0.01% |
767,418
+42,087
| +6% | +$1.54M |
|
1707
Uranium Energy
UEC
$5.31B
| $24.9M | ﹤0.01% |
7,327,736
+595,521
| +9% | +$1.7M |
|
|
UNIT
1708
Uniti Group
UNIT
$2.35B
| $24.9M | ﹤0.01% |
5,388,773
+120,178
| +2% | +$452K |
|
|
IRBT
1709
DELISTED
iRobot
IRBT
| $24.8M | ﹤0.01% |
547,008
+24,211
| +5% | +$966K |
|
1710
New Fortress Energy
NFE
$95.4M
| $24.7M | ﹤0.01% |
923,363
+58,307
| +7% | +$1.69M |
|
1711
Arvinas
ARVN
$542M
| $24.7M | ﹤0.01% |
994,974
+39,173
| +4% | +$1.01M |
|
1712
LegalZoom.com
LZ
$1.39B
| $24.7M | ﹤0.01% |
2,041,614
+213,196
| +12% | +$2.26M |
|
1713
Ligand Pharmaceuticals
LGND
$6.06B
| $24.6M | ﹤0.01% |
341,613
+24,814
| +8% | +$1.86M |
|
|
MODN
1714
DELISTED
MODEL N, INC.
MODN
| $24.6M | ﹤0.01% |
694,724
+31,182
| +5% | +$1M |
|
1715
Cars.com
CARS
$662M
| $24.5M | ﹤0.01% |
1,238,014
+22,114
| +2% | +$416K |
|
1716
Krispy Kreme
DNUT
$534M
| $24.4M | ﹤0.01% |
1,657,881
+192,399
| +13% | +$2.88M |
|
1717
La-Z-Boy
LZB
$1.66B
| $24.4M | ﹤0.01% |
851,680
+26,752
| +3% | +$747K |
|
|
LADR
1718
Ladder Capital
LADR
$1.2B
| $24.4M | ﹤0.01% |
2,244,678
+85,697
| +4% | +$830K |
|
1719
OFG Bancorp
OFG
$2.25B
| $24.3M | ﹤0.01% |
932,428
+10,886
| +1% | +$273K |
|
|
EVRI
1720
DELISTED
Everi Holdings
EVRI
| $24.2M | ﹤0.01% |
1,673,980
+23,081
| +1% | +$351K |
|
1721
Madison Square Garden
MSGE
$3.68B
| $24.2M | ﹤0.01% |
+718,871
| New | +$24.7M |
|
1722
Camping World
CWH
$670M
| $24.2M | ﹤0.01% |
802,863
+60,023
| +8% | +$1.51M |
|
|
NTST
1723
NETSTREIT Corp
NTST
$2.06B
| $24.2M | ﹤0.01% |
1,351,493
+155,891
| +13% | +$2.8M |
|
1724
Cerence
CRNC
$417M
| $24.1M | ﹤0.01% |
825,971
+31,399
| +4% | +$861K |
|
1725
Universal Corp
UVV
$1.3B
| $24.1M | ﹤0.01% |
482,793
+14,171
| +3% | +$745K |
|
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.