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 | |
|---|---|---|---|---|---|---|
1926
Cogent Biosciences
COGT
$7.21B
| $17.9M | ﹤0.01% |
1,510,294
+191,986
| +15% | +$2.2M |
|
1927
Peoples Bancorp
PEBO
$1.5B
| $17.9M | ﹤0.01% |
672,509
+115,940
| +21% | +$3.02M |
|
1928
International Money Express
IMXI
$370M
| $17.9M | ﹤0.01% |
727,836
+66,037
| +10% | +$1.62M |
|
|
NVRO
1929
DELISTED
NEVRO CORP.
NVRO
| $17.8M | ﹤0.01% |
701,705
+42,992
| +7% | +$1.24M |
|
|
CCF
1930
DELISTED
Chase Corporation
CCF
| $17.8M | ﹤0.01% |
146,797
+2,130
| +1% | +$245K |
|
1931
Crinetics Pharmaceuticals
CRNX
$8.9B
| $17.8M | ﹤0.01% |
987,490
+32,630
| +3% | +$651K |
|
|
LBAI
1932
DELISTED
Lakeland Bancorp Inc
LBAI
| $17.8M | ﹤0.01% |
1,327,394
+32,508
| +3% | +$454K |
|
|
BDN
1933
Brandywine Realty Trust
BDN
$546M
| $17.8M | ﹤0.01% |
3,820,708
+62,819
| +2% | +$256K |
|
|
BRSP
1934
BrightSpire Capital
BRSP
$628M
| $17.7M | ﹤0.01% |
2,632,373
+522,495
| +25% | +$3.1M |
|
|
AHRT
1935
AH Realty Trust
AHRT
$526M
| $17.7M | ﹤0.01% |
1,515,716
+43,774
| +3% | +$511K |
|
|
SPWR
1936
DELISTED
SunPower Corporation Common Stock
SPWR
| $17.7M | ﹤0.01% |
1,803,708
+94,513
| +6% | +$1.1M |
|
|
CDMO
1937
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $17.7M | ﹤0.01% |
1,263,473
+51,546
| +4% | +$879K |
|
|
EFC
1938
Ellington Financial
EFC
$1.66B
| $17.6M | ﹤0.01% |
1,277,320
+63,965
| +5% | +$815K |
|
1939
Cytek Biosciences
CTKB
$549M
| $17.6M | ﹤0.01% |
2,062,302
+192,832
| +10% | +$1.73M |
|
|
AVID
1940
DELISTED
Avid Technology Inc
AVID
| $17.6M | ﹤0.01% |
689,712
+14,851
| +2% | +$385K |
|
|
THR
1941
DELISTED
Thermon Group Holdings
THR
| $17.6M | ﹤0.01% |
660,258
+30,268
| +5% | +$702K |
|
1942
Dine Brands
DIN
$452M
| $17.6M | ﹤0.01% |
302,523
+18,120
| +6% | +$1.15M |
|
1943
Nicolet Bankshares
NIC
$3.65B
| $17.5M | ﹤0.01% |
258,285
+10,721
| +4% | +$679K |
|
1944
SI-BONE Inc
SIBN
$804M
| $17.5M | ﹤0.01% |
649,989
+37,485
| +6% | +$914K |
|
1945
Metallus
MTUS
$907M
| $17.5M | ﹤0.01% |
812,889
+5,223
| +0.6% | +$94.6K |
|
1946
Quanex
NX
$962M
| $17.5M | ﹤0.01% |
652,575
+21,762
| +3% | +$484K |
|
1947
Futu Holdings
FUTU
$15.6B
| $17.5M | ﹤0.01% |
445,937
+7,553
| +2% | +$321K |
|
1948
PAR Technology
PAR
$723M
| $17.5M | ﹤0.01% |
531,734
+23,854
| +5% | +$797K |
|
|
AVTA
1949
DELISTED
Avantax, Inc. Common Stock
AVTA
| $17.5M | ﹤0.01% |
779,817
-96,361
| -11% | -$2.27M |
|
1950
Pan American Silver
PAAS
$20.3B
| $17.5M | ﹤0.01% |
1,206,591
-36,352
| -3% | -$601K |
|
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.