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 | |
|---|---|---|---|---|---|---|
|
UDMY
1951
DELISTED
Udemy
UDMY
| $17.4M | ﹤0.01% |
1,623,773
+228,241
| +16% | +$2.18M |
|
1952
Green Dot
GDOT
$748M
| $17.4M | ﹤0.01% |
928,953
+20,407
| +2% | +$362K |
|
1953
Customers Bancorp
CUBI
$2.81B
| $17.3M | ﹤0.01% |
572,624
-15,781
| -3% | -$354K |
|
1954
Schneider National
SNDR
$6.37B
| $17.3M | ﹤0.01% |
602,954
+15,332
| +3% | +$408K |
|
1955
Clean Energy Fuels
CLNE
$401M
| $17.3M | ﹤0.01% |
3,490,424
+113,930
| +3% | +$499K |
|
|
SNCY
1956
DELISTED
Sun Country Airlines
SNCY
| $17.3M | ﹤0.01% |
767,947
+98,666
| +15% | +$1.88M |
|
1957
Live Oak Bancshares
LOB
$2.02B
| $17.2M | ﹤0.01% |
655,259
+39,286
| +6% | +$925K |
|
1958
Digital Turbine
APPS
$1.63B
| $17.2M | ﹤0.01% |
1,857,704
+89,736
| +5% | +$988K |
|
|
IAS
1959
DELISTED
Integral Ad Science
IAS
| $17.2M | ﹤0.01% |
957,114
+116,765
| +14% | +$1.97M |
|
1960
The GEO Group
GEO
$4.14B
| $17.2M | ﹤0.01% |
2,401,557
+97,547
| +4% | +$756K |
|
1961
CVR Energy
CVI
$3.24B
| $17.1M | ﹤0.01% |
571,971
+26,929
| +5% | +$725K |
|
|
INBX
1962
DELISTED
Inhibrx, Inc. Common Stock
INBX
| $17.1M | ﹤0.01% |
659,023
+49,206
| +8% | +$1.15M |
|
|
DQ
1963
Daqo New Energy
DQ
$878M
| $17M | ﹤0.01% |
429,823
+16,118
| +4% | +$672K |
|
1964
SSR Mining
SSRM
$5.93B
| $17M | ﹤0.01% |
1,195,819
+28,187
| +2% | +$427K |
|
1965
Qfin Holdings
QFIN
$1.63B
| $16.9M | ﹤0.01% |
983,589
+73,147
| +8% | +$1.23M |
|
1966
Intapp
INTA
$2.87B
| $16.9M | ﹤0.01% |
403,853
+89,983
| +29% | +$3.88M |
|
1967
BRC Group Holdings
RILY
$310M
| $16.9M | ﹤0.01% |
367,808
-10,341
| -3% | -$364K |
|
1968
Keros Therapeutics
KROS
$200M
| $16.9M | ﹤0.01% |
420,722
+52,676
| +14% | +$2.31M |
|
1969
Janus International
JBI
$767M
| $16.9M | ﹤0.01% |
1,583,097
+91,477
| +6% | +$856K |
|
|
PKST
1970
DELISTED
Peakstone Realty Trust
PKST
| $16.9M | ﹤0.01% |
+603,791
| New | +$15.7M |
|
|
ATRI
1971
DELISTED
Atrion Corp
ATRI
| $16.8M | ﹤0.01% |
29,775
+1,172
| +4% | +$684K |
|
|
PGRE
1972
DELISTED
Paramount Group
PGRE
| $16.8M | ﹤0.01% |
3,798,473
+44,865
| +1% | +$200K |
|
1973
Thryv Holdings
THRY
$124M
| $16.8M | ﹤0.01% |
682,798
+62,363
| +10% | +$1.45M |
|
1974
Origin Bancorp
OBK
$1.7B
| $16.8M | ﹤0.01% |
572,290
+69,116
| +14% | +$2.07M |
|
1975
G-III Apparel Group
GIII
$1.55B
| $16.7M | ﹤0.01% |
865,680
+2,096
| +0.2% | +$36.1K |
|
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.