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 | |
|---|---|---|---|---|---|---|
|
PRMW
1851
DELISTED
Primo Water Corporation
PRMW
| $20.1M | ﹤0.01% |
1,605,807
+34,988
| +2% | +$490K |
|
|
PDM
1852
Piedmont Realty Trust
PDM
$1.21B
| $20.1M | ﹤0.01% |
2,767,172
+96,847
| +4% | +$645K |
|
|
VBTX
1853
DELISTED
Veritex Holdings
VBTX
| $20.1M | ﹤0.01% |
1,121,009
+32,206
| +3% | +$573K |
|
1854
Under Armour
UAA
$2.88B
| $20M | ﹤0.01% |
2,775,712
+69,469
| +3% | +$559K |
|
1855
Kinross Gold
KGC
$30.5B
| $20M | ﹤0.01% |
4,228,070
+206,028
| +5% | +$1.03M |
|
|
FSR
1856
DELISTED
Fisker Inc.
FSR
| $20M | ﹤0.01% |
3,543,704
+403,771
| +13% | +$2.33M |
|
|
PLL
1857
DELISTED
Piedmont Lithium
PLL
| $20M | ﹤0.01% |
346,068
+17,348
| +5% | +$993K |
|
|
NWLI
1858
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $20M | ﹤0.01% |
48,036
+1,517
| +3% | +$483K |
|
|
PACW
1859
DELISTED
PacWest Bancorp
PACW
| $19.9M | ﹤0.01% |
2,441,710
+704,567
| +41% | +$5.68M |
|
1860
Leonardo DRS
DRS
$11.9B
| $19.9M | ﹤0.01% |
1,146,805
+1,117,045
| +3,754% | +$17.3M |
|
1861
Victory Capital Holdings
VCTR
$6.25B
| $19.9M | ﹤0.01% |
630,263
+135,336
| +27% | +$4.18M |
|
1862
Employers Holdings
EIG
$912M
| $19.9M | ﹤0.01% |
530,688
+6,713
| +1% | +$263K |
|
|
RPT
1863
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $19.8M | ﹤0.01% |
1,897,207
+60,662
| +3% | +$575K |
|
1864
B&G Foods
BGS
$286M
| $19.8M | ﹤0.01% |
1,420,170
+51,947
| +4% | +$748K |
|
|
FLNA
1865
Filana Therapeutics
FLNA
$46.4M
| $19.7M | ﹤0.01% |
803,306
+44,350
| +6% | +$1.07M |
|
|
CCRN
1866
DELISTED
Cross Country Healthcare
CCRN
| $19.7M | ﹤0.01% |
700,962
-4,889
| -0.7% | -$121K |
|
|
UMH
1867
UMH Properties
UMH
$1.29B
| $19.7M | ﹤0.01% |
1,230,411
+95,711
| +8% | +$1.48M |
|
1868
Monarch Casino & Resort
MCRI
$2.18B
| $19.6M | ﹤0.01% |
278,416
+11,705
| +4% | +$817K |
|
1869
Sturm, Ruger & Co
RGR
$614M
| $19.5M | ﹤0.01% |
368,627
+13,746
| +4% | +$750K |
|
1870
FB Financial Corp
FBK
$3.09B
| $19.5M | ﹤0.01% |
695,968
+22,494
| +3% | +$641K |
|
|
VSXY
1871
Victoria's Secret
VSXY
$7.14B
| $19.4M | ﹤0.01% |
1,112,281
-15,586
| -1% | -$393K |
|
1872
Life Time Group Holdings
LTH
$10.1B
| $19.4M | ﹤0.01% |
984,717
+48,933
| +5% | +$936K |
|
|
ARGO
1873
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $19.3M | ﹤0.01% |
653,083
+15,911
| +2% | +$468K |
|
1874
Gildan
GIL
$10.8B
| $19.3M | ﹤0.01% |
603,796
+30,634
| +5% | +$939K |
|
|
INFN
1875
DELISTED
Infinera Corporation Common Stock
INFN
| $19.3M | ﹤0.01% |
3,998,056
+229,565
| +6% | +$1.26M |
|
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.