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 | |
|---|---|---|---|---|---|---|
|
DENN
2101
DELISTED
Denny's
DENN
| $13.6M | ﹤0.01% |
1,105,257
+13,278
| +1% | +$151K |
|
2102
Koppers
KOP
$976M
| $13.6M | ﹤0.01% |
398,801
+11,041
| +3% | +$360K |
|
2103
Mirum Pharmaceuticals
MIRM
$6.36B
| $13.6M | ﹤0.01% |
525,562
+107,348
| +26% | +$2.85M |
|
|
KAMN
2104
DELISTED
Kaman Corp
KAMN
| $13.6M | ﹤0.01% |
558,495
+7,541
| +1% | +$170K |
|
|
KE
2105
Kimball Electronics
KE
$619M
| $13.6M | ﹤0.01% |
490,751
+12,376
| +3% | +$293K |
|
2106
CNA Financial
CNA
$14.5B
| $13.5M | ﹤0.01% |
350,270
-24,485
| -7% | -$954K |
|
|
TWKS
2107
DELISTED
Thoughtworks Holding, Inc. Common Stock
TWKS
| $13.5M | ﹤0.01% |
1,791,105
+575,632
| +47% | +$4.26M |
|
|
DX
2108
Dynex Capital
DX
$3.17B
| $13.5M | ﹤0.01% |
1,071,486
+68,247
| +7% | +$798K |
|
2109
Artivion
AORT
$1.33B
| $13.4M | ﹤0.01% |
782,370
+48,999
| +7% | +$722K |
|
2110
Eagle Bancorp
EGBN
$849M
| $13.4M | ﹤0.01% |
634,304
+12,577
| +2% | +$296K |
|
|
ESTE
2111
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $13.4M | ﹤0.01% |
938,474
+172,754
| +23% | +$2.31M |
|
|
UBA
2112
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $13.4M | ﹤0.01% |
630,654
-5,877
| -0.9% | -$110K |
|
2113
RCI Hospitality Holdings
RICK
$192M
| $13.3M | ﹤0.01% |
175,108
+7,751
| +5% | +$583K |
|
2114
JD.com
JD
$44.5B
| $13.3M | ﹤0.01% |
389,824
-658,644
| -63% | -$24M |
|
2115
Bristow Group
VTOL
$1.35B
| $13.3M | ﹤0.01% |
462,283
+16,334
| +4% | +$390K |
|
|
ECHO
2116
EchoStar
ECHO
$26.6B
| $13.3M | ﹤0.01% |
764,252
+23,897
| +3% | +$402K |
|
2117
Select Water Solutions
WTTR
$2.29B
| $13.2M | ﹤0.01% |
1,633,819
+160,197
| +11% | +$1.21M |
|
2118
Mesa Laboratories
MLAB
$566M
| $13.2M | ﹤0.01% |
102,760
+2,720
| +3% | +$415K |
|
2119
HealthStream
HSTM
$828M
| $13.2M | ﹤0.01% |
536,736
+53,806
| +11% | +$1.33M |
|
2120
Douglas Dynamics
PLOW
$972M
| $13.2M | ﹤0.01% |
441,104
+17,033
| +4% | +$500K |
|
|
HAYN
2121
DELISTED
Haynes International, Inc.
HAYN
| $13.2M | ﹤0.01% |
259,111
+12,993
| +5% | +$618K |
|
|
BELFB
2122
Bel Fuse Inc Class B
BELFB
$4.28B
| $13.1M | ﹤0.01% |
229,030
+114,933
| +101% | +$5.26M |
|
|
OLO
2123
DELISTED
Olo Inc
OLO
| $13.1M | ﹤0.01% |
2,027,985
+140,119
| +7% | +$1.01M |
|
2124
Alkami Technology
ALKT
$2.01B
| $13.1M | ﹤0.01% |
798,990
+92,958
| +13% | +$1.28M |
|
2125
Manitowoc
MTW
$514M
| $13.1M | ﹤0.01% |
694,605
+26,239
| +4% | +$423K |
|
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.