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 | |
|---|---|---|---|---|---|---|
1876
A10 Networks
ATEN
$2.22B
| $19.2M | ﹤0.01% |
1,318,505
+111,745
| +9% | +$1.62M |
|
1877
AdaptHealth
AHCO
$884M
| $19.2M | ﹤0.01% |
1,580,568
+51,721
| +3% | +$576K |
|
1878
Shenandoah Telecom
SHEN
$720M
| $19.2M | ﹤0.01% |
989,857
+24,124
| +2% | +$473K |
|
1879
TAL Education Group
TAL
$6.71B
| $19.2M | ﹤0.01% |
3,239,200
+1,148,868
| +55% | +$6.88M |
|
1880
Central Garden & Pet Co
CENT
$2.76B
| $19.1M | ﹤0.01% |
617,248
+70
| +0% | +$2.13K |
|
1881
N-able
NABL
$940M
| $19.1M | ﹤0.01% |
1,327,836
+59,652
| +5% | +$826K |
|
1882
OceanFirst Financial
OCFC
$1.73B
| $19.1M | ﹤0.01% |
1,224,169
+53,679
| +5% | +$837K |
|
|
1883
Central Garden & Pet Co Class A
CENTA
$2.41B
| $19M | ﹤0.01% |
652,261
+26,807
| +4% | +$774K |
|
1884
Opko Health
OPK
$1.01B
| $19M | ﹤0.01% |
8,742,614
+331,968
| +4% | +$519K |
|
1885
Varex Imaging
VREX
$522M
| $18.9M | ﹤0.01% |
800,565
+30,652
| +4% | +$638K |
|
1886
Winmark
WINA
$1.3B
| $18.9M | ﹤0.01% |
56,753
+2,223
| +4% | +$753K |
|
1887
GrafTech
EAF
$200M
| $18.8M | ﹤0.01% |
373,903
+15,369
| +4% | +$715K |
|
1888
FuelCell Energy
FCEL
$1.69B
| $18.8M | ﹤0.01% |
290,470
+18,423
| +7% | +$1.25M |
|
1889
Portillo's
PTLO
$338M
| $18.7M | ﹤0.01% |
831,375
+114,620
| +16% | +$2.39M |
|
1890
Virgin Galactic
SPCE
$371M
| $18.7M | ﹤0.01% |
240,889
+13,400
| +6% | +$1.06M |
|
1891
Arlo Technologies
ARLO
$1.73B
| $18.7M | ﹤0.01% |
1,711,844
+62,464
| +4% | +$508K |
|
1892
West Fraser Timber
WFG
$5.5B
| $18.6M | ﹤0.01% |
211,456
+11,644
| +6% | +$879K |
|
1893
Replimune Group
REPL
$994M
| $18.6M | ﹤0.01% |
800,828
-26,416
| -3% | -$516K |
|
|
SOVO
1894
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $18.6M | ﹤0.01% |
950,475
+135,660
| +17% | +$2.45M |
|
1895
AdvanSix
ASIX
$540M
| $18.5M | ﹤0.01% |
529,776
+18,021
| +4% | +$653K |
|
1896
First Advantage
FA
$3.53B
| $18.5M | ﹤0.01% |
1,201,671
-25,450
| -2% | -$342K |
|
1897
Ecovyst
ECVT
$1.25B
| $18.5M | ﹤0.01% |
1,612,387
+186,260
| +13% | +$2.03M |
|
1898
Kymera Therapeutics
KYMR
$8.68B
| $18.4M | ﹤0.01% |
801,285
+20,456
| +3% | +$586K |
|
1899
Newmark Group
NMRK
$2.77B
| $18.4M | ﹤0.01% |
2,960,339
-27,318
| -0.9% | -$168K |
|
1900
PagSeguro Digital
PAGS
$2.63B
| $18.4M | ﹤0.01% |
1,947,766
+1,490,609
| +326% | +$15.1M |
|
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.