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 | |
|---|---|---|---|---|---|---|
2026
Southside Bancshares
SBSI
$972M
| $15.5M | ﹤0.01% |
594,289
+5,251
| +0.9% | +$153K |
|
|
VTLE
2027
DELISTED
Vital Energy
VTLE
| $15.5M | ﹤0.01% |
344,234
+34,920
| +11% | +$1.58M |
|
2028
CryoPort
CYRX
$781M
| $15.5M | ﹤0.01% |
899,080
-10,613
| -1% | -$217K |
|
2029
BioLife Solutions
BLFS
$1.57B
| $15.5M | ﹤0.01% |
700,331
+35,015
| +5% | +$737K |
|
2030
Beyond Meat
BYND
$327M
| $15.5M | ﹤0.01% |
1,191,135
+24,831
| +2% | +$315K |
|
2031
Stagwell
STGW
$2.13B
| $15.4M | ﹤0.01% |
2,139,829
+330,434
| +18% | +$2.18M |
|
2032
DocGo
DCGO
$64M
| $15.4M | ﹤0.01% |
1,646,322
+43,176
| +3% | +$379K |
|
2033
MiMedx Group
MDXG
$622M
| $15.4M | ﹤0.01% |
2,331,277
+132,740
| +6% | +$677K |
|
2034
ADMA Biologics
ADMA
$2.07B
| $15.4M | ﹤0.01% |
4,172,966
+126,716
| +3% | +$470K |
|
2035
Enviri
NVRI
$651M
| $15.4M | ﹤0.01% |
1,558,419
+42,814
| +3% | +$353K |
|
2036
Adaptive Biotechnologies
ADPT
$3.68B
| $15.3M | ﹤0.01% |
2,286,626
+70,646
| +3% | +$525K |
|
|
LGF.B
2037
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $15.3M | ﹤0.01% |
1,836,686
+26,597
| +1% | +$262K |
|
|
SP
2038
DELISTED
SP Plus Corporation
SP
| $15.3M | ﹤0.01% |
390,808
+6,374
| +2% | +$229K |
|
|
INN
2039
Summit Hotel Properties
INN
$749M
| $15.3M | ﹤0.01% |
2,346,609
+67,270
| +3% | +$445K |
|
2040
Fulgent Genetics
FLGT
$500M
| $15.3M | ﹤0.01% |
412,507
+7,843
| +2% | +$273K |
|
2041
Rocket Companies
RKT
$39.9B
| $15.2M | ﹤0.01% |
1,698,323
+112,685
| +7% | +$980K |
|
2042
Deluxe
DLX
$1.23B
| $15.2M | ﹤0.01% |
868,195
+33,333
| +4% | +$523K |
|
2043
Alpha and Omega Semiconductor
AOSL
$1.01B
| $15.1M | ﹤0.01% |
461,426
+29,594
| +7% | +$796K |
|
|
FBMS
2044
DELISTED
The First Bancshares, Inc.
FBMS
| $15.1M | ﹤0.01% |
585,415
+62,605
| +12% | +$1.6M |
|
2045
Simulations Plus
SLP
$370M
| $15.1M | ﹤0.01% |
347,496
+16,021
| +5% | +$700K |
|
2046
Playtika
PLTK
$1.54B
| $15M | ﹤0.01% |
1,295,869
-250,653
| -16% | -$2.72M |
|
|
RWT
2047
Redwood Trust
RWT
$589M
| $15M | ﹤0.01% |
2,357,620
+199,769
| +9% | +$1.25M |
|
2048
Scansource
SCSC
$1.16B
| $15M | ﹤0.01% |
506,460
+12,510
| +3% | +$362K |
|
2049
Trupanion
TRUP
$1.09B
| $15M | ﹤0.01% |
760,246
+33,132
| +5% | +$934K |
|
2050
Sonic Automotive
SAH
$2.76B
| $14.9M | ﹤0.01% |
312,797
-18,243
| -6% | -$841K |
|
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.