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 | |
|---|---|---|---|---|---|---|
2001
Unitil
UTL
$964M
| $16.1M | ﹤0.01% |
316,930
+8,434
| +3% | +$468K |
|
2002
Lightwave Logic
LWLG
$1.22B
| $16.1M | ﹤0.01% |
2,303,711
+124,162
| +6% | +$722K |
|
2003
Rhythm Pharmaceuticals
RYTM
$7.26B
| $16.1M | ﹤0.01% |
973,350
+500,589
| +106% | +$9.04M |
|
|
NKLA
2004
DELISTED
Nikola Corporation Common Stock
NKLA
| $16M | ﹤0.01% |
387,554
+156,344
| +68% | +$4.31M |
|
|
SPTN
2005
DELISTED
SpartanNash
SPTN
| $16M | ﹤0.01% |
711,191
+16,964
| +2% | +$398K |
|
2006
National Healthcare
NHC
$3.25B
| $16M | ﹤0.01% |
258,838
+5,457
| +2% | +$324K |
|
2007
PubMatic
PUBM
$633M
| $16M | ﹤0.01% |
875,147
+17,767
| +2% | +$282K |
|
2008
Mercury Insurance
MCY
$5.9B
| $16M | ﹤0.01% |
527,861
+11,006
| +2% | +$336K |
|
2009
Quanterix
QTRX
$175M
| $16M | ﹤0.01% |
708,071
+37,749
| +6% | +$673K |
|
|
RDUS
2010
DELISTED
Radius Recycling
RDUS
| $16M | ﹤0.01% |
532,082
+21,104
| +4% | +$634K |
|
|
RNAM
2011
DELISTED
Avidity Biosciences
RNAM
| $16M | ﹤0.01% |
1,438,550
+136,517
| +10% | +$1.71M |
|
|
PRA
2012
DELISTED
ProAssurance
PRA
| $15.9M | ﹤0.01% |
1,054,155
+18,671
| +2% | +$294K |
|
2013
Lemonade
LMND
$4.18B
| $15.9M | ﹤0.01% |
943,935
+74,831
| +9% | +$1.17M |
|
2014
Dorian LPG
LPG
$1.86B
| $15.9M | ﹤0.01% |
619,134
+40,389
| +7% | +$917K |
|
2015
German American Bancorp
GABC
$1.92B
| $15.8M | ﹤0.01% |
580,967
+26,971
| +5% | +$786K |
|
2016
Telephone and Data Systems
TDS
$4.07B
| $15.7M | ﹤0.01% |
1,912,979
+18,090
| +1% | +$153K |
|
|
TGI
2017
DELISTED
Triumph Group
TGI
| $15.7M | ﹤0.01% |
1,270,522
+37,472
| +3% | +$427K |
|
2018
SiriusPoint
SPNT
$2.78B
| $15.7M | ﹤0.01% |
1,739,132
+42,064
| +2% | +$385K |
|
2019
ProPetro Holding
PUMP
$1.4B
| $15.7M | ﹤0.01% |
1,901,879
+136,323
| +8% | +$1M |
|
|
ESMT
2020
DELISTED
EngageSmart, Inc.
ESMT
| $15.6M | ﹤0.01% |
819,545
+215,568
| +36% | +$3.83M |
|
|
BRKL
2021
DELISTED
Brookline Bancorp
BRKL
| $15.6M | ﹤0.01% |
1,788,603
+6,404
| +0.4% | +$58.4K |
|
|
PNT
2022
DELISTED
POINT Biopharma Global Inc. Common Stock
PNT
| $15.6M | ﹤0.01% |
1,725,387
+143,952
| +9% | +$1.27M |
|
|
DCPH
2023
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $15.6M | ﹤0.01% |
1,109,405
+43,301
| +4% | +$620K |
|
|
INVX
2024
Innovex International
INVX
$2.21B
| $15.6M | ﹤0.01% |
669,501
+21,547
| +3% | +$549K |
|
|
HOUS
2025
DELISTED
Anywhere Real Estate
HOUS
| $15.6M | ﹤0.01% |
2,330,307
+32,797
| +1% | +$197K |
|
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.