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 | |
|---|---|---|---|---|---|---|
1776
Wolverine World Wide
WWW
$1.6B
| $22.4M | ﹤0.01% |
1,524,256
+74,404
| +5% | +$1.14M |
|
1777
Golar LNG
GLNG
$5.11B
| $22.3M | ﹤0.01% |
1,107,996
+46,368
| +4% | +$996K |
|
1778
Hims & Hers Health
HIMS
$7.33B
| $22.3M | ﹤0.01% |
2,373,083
+102,009
| +4% | +$1.01M |
|
|
ETNB
1779
DELISTED
89bio
ETNB
| $22.3M | ﹤0.01% |
1,176,989
+673,044
| +134% | +$11.8M |
|
|
NUVL
1780
DELISTED
Nuvalent
NUVL
| $22.3M | ﹤0.01% |
528,491
+48,108
| +10% | +$1.82M |
|
1781
Compass Minerals
CMP
$1.26B
| $22.3M | ﹤0.01% |
654,416
+25,992
| +4% | +$862K |
|
|
EVBG
1782
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $22.2M | ﹤0.01% |
826,463
+47,714
| +6% | +$1.29M |
|
1783
Immunovant
IMVT
$8.06B
| $22.2M | ﹤0.01% |
1,170,523
+121,805
| +12% | +$2.27M |
|
1784
Fluence Energy
FLNC
$1.89B
| $22.2M | ﹤0.01% |
832,739
+53,053
| +7% | +$1.19M |
|
1785
Healthcare Services Group
HCSG
$1.57B
| $22.2M | ﹤0.01% |
1,484,070
+43,447
| +3% | +$629K |
|
1786
TriCo Bancshares
TCBK
$1.85B
| $22.1M | ﹤0.01% |
665,870
+15,663
| +2% | +$558K |
|
1787
DNOW Inc
DNOW
$2.6B
| $22.1M | ﹤0.01% |
2,133,037
+42,685
| +2% | +$429K |
|
1788
Buckle
BKE
$2.34B
| $22M | ﹤0.01% |
635,932
+36,241
| +6% | +$1.22M |
|
|
ATSG
1789
DELISTED
Air Transport Services Group
ATSG
| $22M | ﹤0.01% |
1,164,218
+14,474
| +1% | +$269K |
|
1790
Utz Brands
UTZ
$1.25B
| $21.9M | ﹤0.01% |
1,340,883
+102,181
| +8% | +$1.75M |
|
1791
Safety Insurance
SAFT
$1.52B
| $21.9M | ﹤0.01% |
305,740
+14,257
| +5% | +$1.04M |
|
1792
Maravai LifeSciences
MRVI
$946M
| $21.9M | ﹤0.01% |
1,761,885
+63,852
| +4% | +$862K |
|
1793
Gulfport Energy Corp
GPOR
$2.81B
| $21.8M | ﹤0.01% |
207,916
-2,061
| -1% | -$191K |
|
1794
Stewart Information Services
STC
$2.07B
| $21.8M | ﹤0.01% |
529,925
+15,215
| +3% | +$643K |
|
1795
MannKind Corp
MNKD
$1.27B
| $21.7M | ﹤0.01% |
5,334,539
+177,453
| +3% | +$740K |
|
1796
Aurora
AUR
$13.1B
| $21.7M | ﹤0.01% |
7,382,974
+3,396,930
| +85% | +$5.69M |
|
|
AAT
1797
American Assets Trust
AAT
$1.42B
| $21.7M | ﹤0.01% |
1,130,507
+24,838
| +2% | +$465K |
|
1798
Ichor Holdings
ICHR
$2.29B
| $21.7M | ﹤0.01% |
577,924
+25,288
| +5% | +$789K |
|
|
ACLX
1799
DELISTED
Arcellx
ACLX
| $21.7M | ﹤0.01% |
685,228
+123,624
| +22% | +$4.73M |
|
|
MFA
1800
MFA Financial
MFA
$920M
| $21.6M | ﹤0.01% |
1,922,483
-72,421
| -4% | -$771K |
|
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.