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 | |
|---|---|---|---|---|---|---|
1976
Baidu
BIDU
$38.2B
| $16.6M | ﹤0.01% |
121,567
-40,846
| -25% | -$5.35M |
|
1977
Caleres
CAL
$479M
| $16.6M | ﹤0.01% |
692,446
+44,619
| +7% | +$999K |
|
1978
Warby Parker
WRBY
$3.67B
| $16.6M | ﹤0.01% |
1,416,450
+99,807
| +8% | +$1.14M |
|
|
FORG
1979
DELISTED
ForgeRock, Inc.
FORG
| $16.5M | ﹤0.01% |
805,138
+60,963
| +8% | +$1.22M |
|
1980
TechTarget
TTGT
$317M
| $16.5M | ﹤0.01% |
531,144
-5,540
| -1% | -$188K |
|
|
MRC
1981
DELISTED
MRC Global
MRC
| $16.5M | ﹤0.01% |
1,638,671
+106,946
| +7% | +$1.01M |
|
1982
WisdomTree
WT
$3.42B
| $16.5M | ﹤0.01% |
2,403,908
+122,589
| +5% | +$819K |
|
1983
Kanzhun
BZ
$7.35B
| $16.5M | ﹤0.01% |
1,099,912
+76,559
| +7% | +$1.28M |
|
1984
Marcus & Millichap
MMI
$1.17B
| $16.5M | ﹤0.01% |
522,240
+4,929
| +1% | +$152K |
|
1985
Nabors Industries
NBR
$1.24B
| $16.4M | ﹤0.01% |
176,141
+9,797
| +6% | +$996K |
|
|
BORR
1986
Borr Drilling
BORR
$1.24B
| $16.4M | ﹤0.01% |
2,175,842
+305,508
| +16% | +$2.19M |
|
|
DMC
1987
Del Monte Corp
DMC
$1.41B
| $16.4M | ﹤0.01% |
636,960
+56,255
| +10% | +$1.55M |
|
1988
Capitol Federal Financial
CFFN
$1.13B
| $16.4M | ﹤0.01% |
2,651,360
+49,134
| +2% | +$305K |
|
1989
BlueLinx
BXC
$502M
| $16.3M | ﹤0.01% |
174,307
+4,378
| +3% | +$350K |
|
1990
Microvision
MVIS
$85.5M
| $16.3M | ﹤0.01% |
237,901
+22,146
| +10% | +$1.16M |
|
1991
Mativ Holdings
MATV
$507M
| $16.3M | ﹤0.01% |
1,079,098
+39,923
| +4% | +$707K |
|
1992
OneSpaWorld
OSW
$2.7B
| $16.3M | ﹤0.01% |
1,345,000
+137,080
| +11% | +$1.58M |
|
1993
Beazer Homes USA
BZH
$910M
| $16.3M | ﹤0.01% |
575,167
+18,443
| +3% | +$376K |
|
1994
Regenxbio
RGNX
$659M
| $16.3M | ﹤0.01% |
813,529
+52,732
| +7% | +$1.02M |
|
1995
Adtran
ADTN
$710M
| $16.2M | ﹤0.01% |
1,541,487
+119,626
| +8% | +$1.19M |
|
1996
Heartland Express
HTLD
$990M
| $16.2M | ﹤0.01% |
986,651
+19,633
| +2% | +$306K |
|
1997
Preferred Bank
PFBC
$1.27B
| $16.2M | ﹤0.01% |
294,087
+34,725
| +13% | +$1.75M |
|
1998
Stem
STEM
$53.6M
| $16.2M | ﹤0.01% |
141,358
+7,264
| +5% | +$721K |
|
1999
Innoviva
INVA
$1.54B
| $16.1M | ﹤0.01% |
1,265,349
+19,155
| +2% | +$240K |
|
|
MTTR
2000
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $16.1M | ﹤0.01% |
5,100,516
+623,701
| +14% | +$1.73M |
|
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.