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 | |
|---|---|---|---|---|---|---|
|
WCN
2076
Waste Connections
WCN
$42.3B
| $14.3M | ﹤0.01% |
97,735
+2,240
| +2% | +$313K |
|
2077
Ardelyx
ARDX
$1.23B
| $14.3M | ﹤0.01% |
4,216,166
+2,237,993
| +113% | +$9.17M |
|
2078
Arcturus Therapeutics
ARCT
$171M
| $14.2M | ﹤0.01% |
495,176
+27,060
| +6% | +$737K |
|
2079
ANI Pharmaceuticals
ANIP
$1.8B
| $14.2M | ﹤0.01% |
263,701
+18,596
| +8% | +$824K |
|
2080
Amplitude
AMPL
$1.26B
| $14.2M | ﹤0.01% |
1,290,033
+222,504
| +21% | +$2.4M |
|
2081
nLIGHT
LASR
$4.35B
| $14.2M | ﹤0.01% |
917,903
+26,063
| +3% | +$319K |
|
2082
Xometry
XMTR
$4.81B
| $14.1M | ﹤0.01% |
667,284
+33,203
| +5% | +$581K |
|
2083
Health Catalyst
HCAT
$168M
| $14.1M | ﹤0.01% |
1,129,740
+48,489
| +4% | +$577K |
|
2084
Sphere Entertainment
SPHR
$5.29B
| $14.1M | ﹤0.01% |
515,553
+14,124
| +3% | +$468K |
|
2085
CRA International
CRAI
$1.16B
| $14.1M | ﹤0.01% |
138,370
+2,553
| +2% | +$257K |
|
|
LGF.A
2086
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $14.1M | ﹤0.01% |
1,596,008
+13,243
| +0.8% | +$139K |
|
2087
James River Group Holdings
JRVR
$213M
| $14.1M | ﹤0.01% |
771,053
+25,361
| +3% | +$505K |
|
2088
Kinetik
KNTK
$3.64B
| $14.1M | ﹤0.01% |
400,556
+36,073
| +10% | +$1.14M |
|
2089
NRC Health Common Stock
NRC
$432M
| $14.1M | ﹤0.01% |
323,186
+14,750
| +5% | +$649K |
|
2090
Kura Oncology
KURA
$841M
| $14.1M | ﹤0.01% |
1,328,116
+41,576
| +3% | +$492K |
|
2091
Liberty Broadband Class A
LBRDA
$4.86B
| $14M | ﹤0.01% |
175,858
+2,513
| +1% | +$194K |
|
2092
TTEC Holdings
TTEC
$122M
| $13.9M | ﹤0.01% |
410,715
+16,885
| +4% | +$579K |
|
2093
Myers Industries
MYE
$1.38B
| $13.8M | ﹤0.01% |
711,559
+26,322
| +4% | +$517K |
|
2094
Levi Strauss
LEVI
$9.48B
| $13.8M | ﹤0.01% |
953,065
+33,706
| +4% | +$487K |
|
2095
Ethan Allen Interiors
ETD
$598M
| $13.7M | ﹤0.01% |
486,097
+15,645
| +3% | +$425K |
|
|
SCS
2096
DELISTED
Steelcase
SCS
| $13.7M | ﹤0.01% |
1,780,024
+55,275
| +3% | +$418K |
|
2097
QCR Holdings
QCRH
$1.71B
| $13.7M | ﹤0.01% |
333,475
+15,845
| +5% | +$649K |
|
2098
Aurinia Pharmaceuticals
AUPH
$1.87B
| $13.7M | ﹤0.01% |
1,410,766
+81,912
| +6% | +$850K |
|
2099
Compass Diversified
CODI
$795M
| $13.7M | ﹤0.01% |
629,459
+35,733
| +6% | +$710K |
|
2100
Bank of N.T. Butterfield & Son
NTB
$2.46B
| $13.6M | ﹤0.01% |
498,285
+24,659
| +5% | +$641K |
|
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.