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 | |
|---|---|---|---|---|---|---|
|
CHCT
1901
Community Healthcare Trust
CHCT
$445M
| $18.4M | ﹤0.01% |
556,746
+49,656
| +10% | +$1.73M |
|
1902
ADT
ADT
$5.6B
| $18.4M | ﹤0.01% |
3,048,496
+85,243
| +3% | +$534K |
|
1903
Under Armour Class C
UA
$2.84B
| $18.4M | ﹤0.01% |
2,739,360
+114,621
| +4% | +$842K |
|
1904
Perimeter Solutions
PRM
$5.75B
| $18.3M | ﹤0.01% |
2,978,588
+460,405
| +18% | +$3.08M |
|
|
SAFE
1905
Safehold
SAFE
$1.14B
| $18.3M | ﹤0.01% |
769,753
-54,747
| -7% | -$1.45M |
|
|
DCH
1906
Dauch Corp
DCH
$1.43B
| $18.3M | ﹤0.01% |
2,208,708
+81,850
| +4% | +$607K |
|
1907
Perdoceo Education
PRDO
$2.06B
| $18.3M | ﹤0.01% |
1,487,472
+53,047
| +4% | +$667K |
|
|
GDEN
1908
DELISTED
Golden Entertainment
GDEN
| $18.2M | ﹤0.01% |
436,283
+18,261
| +4% | +$765K |
|
1909
Liberty Media Series A
FWONA
$22B
| $18.2M | ﹤0.01% |
281,357
-3,535
| -1% | -$224K |
|
1910
Protolabs
PRLB
$2.13B
| $18.2M | ﹤0.01% |
520,583
+1,276
| +0.2% | +$40.7K |
|
|
NXGN
1911
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $18.2M | ﹤0.01% |
1,119,385
+11,630
| +1% | +$193K |
|
1912
PRA Group
PRAA
$663M
| $18.2M | ﹤0.01% |
794,498
+23,740
| +3% | +$658K |
|
|
RYZ
1913
Ryerson Holding Corp
RYZ
$1.43B
| $18.2M | ﹤0.01% |
418,491
+34,896
| +9% | +$1.3M |
|
1914
Enact Holdings
ACT
$6.62B
| $18.1M | ﹤0.01% |
721,430
+26,319
| +4% | +$642K |
|
1915
Hawkins
HWKN
$2.83B
| $18.1M | ﹤0.01% |
379,533
+8,445
| +2% | +$381K |
|
1916
Pilgrim's Pride
PPC
$6.28B
| $18.1M | ﹤0.01% |
841,132
+8,196
| +1% | +$184K |
|
|
SLCA
1917
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $18.1M | ﹤0.01% |
1,489,043
+65,106
| +5% | +$804K |
|
1918
Coeur Mining
CDE
$18B
| $18M | ﹤0.01% |
6,335,410
+968,284
| +18% | +$3.29M |
|
|
ACCD
1919
DELISTED
Accolade Inc
ACCD
| $18M | ﹤0.01% |
1,334,939
+28,355
| +2% | +$368K |
|
|
BBT
1920
Beacon Financial Corp
BBT
$2.7B
| $18M | ﹤0.01% |
866,285
+32,591
| +4% | +$704K |
|
|
VERV
1921
DELISTED
Verve Therapeutics
VERV
| $17.9M | ﹤0.01% |
956,727
+70,956
| +8% | +$1.18M |
|
1922
Benchmark Electronics
BHE
$3.07B
| $17.9M | ﹤0.01% |
694,242
+18,118
| +3% | +$419K |
|
1923
Pliant Therapeutics
PLRX
$65.6M
| $17.9M | ﹤0.01% |
988,472
+558,253
| +130% | +$13.2M |
|
|
PWSC
1924
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $17.9M | ﹤0.01% |
935,712
+130,831
| +16% | +$2.5M |
|
|
TGH
1925
DELISTED
Textainer Group Holdings limited
TGH
| $17.9M | ﹤0.01% |
454,778
+13,917
| +3% | +$508K |
|
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.