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 | |
|---|---|---|---|---|---|---|
2151
Repay Holdings
RPAY
$343M
| $12.5M | ﹤0.01% |
1,591,837
-15,401
| -1% | -$104K |
|
2152
4D Molecular Therapeutics
FDMT
$536M
| $12.5M | ﹤0.01% |
689,777
+111,855
| +19% | +$2.06M |
|
2153
Trip.com Group
TCOM
$29.5B
| $12.5M | ﹤0.01% |
355,784
-2,538,702
| -88% | -$88.3M |
|
2154
Anterix
ATEX
$2.07B
| $12.4M | ﹤0.01% |
392,367
+12,719
| +3% | +$411K |
|
|
OSG
2155
Octave Specialty Group
OSG
$253M
| $12.4M | ﹤0.01% |
872,691
+34,761
| +4% | +$509K |
|
2156
Clearfield
CLFD
$459M
| $12.4M | ﹤0.01% |
262,238
+14,994
| +6% | +$640K |
|
2157
SoundHound AI
SOUN
$2.84B
| $12.4M | ﹤0.01% |
2,719,882
+1,613,110
| +146% | +$4.8M |
|
|
AMK
2158
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $12.4M | ﹤0.01% |
417,089
+1,045
| +0.3% | +$30.7K |
|
|
LAND
2159
Gladstone Land Corp
LAND
$352M
| $12.4M | ﹤0.01% |
759,237
+41,546
| +6% | +$673K |
|
2160
Lennar Class B
LEN.B
$20.6B
| $12.3M | ﹤0.01% |
114,830
-10,576
| -8% | -$993K |
|
2161
Transcat
TRNS
$860M
| $12.3M | ﹤0.01% |
144,369
+6,576
| +5% | +$560K |
|
2162
Banc of California
BANC
$3.09B
| $12.3M | ﹤0.01% |
1,063,461
+35,991
| +4% | +$415K |
|
|
HPP
2163
Hudson Pacific Properties
HPP
$758M
| $12.3M | ﹤0.01% |
416,528
+112,967
| +37% | +$4.04M |
|
2164
Editas Medicine
EDIT
$425M
| $12.3M | ﹤0.01% |
1,492,823
+41,569
| +3% | +$362K |
|
2165
Dime Commercial Bancshares
DCOM
$1.84B
| $12.3M | ﹤0.01% |
696,789
+46,624
| +7% | +$868K |
|
2166
Columbia Financial
CLBK
$1.12B
| $12.3M | ﹤0.01% |
709,360
-45,542
| -6% | -$789K |
|
2167
Titan Machinery
TITN
$454M
| $12.2M | ﹤0.01% |
414,953
+20,812
| +5% | +$627K |
|
2168
Center Bancorp
CNOB
$1.69B
| $12.2M | ﹤0.01% |
737,766
+14,189
| +2% | +$221K |
|
|
CWAN
2169
DELISTED
Clearwater Analytics
CWAN
| $12.2M | ﹤0.01% |
770,969
+156,119
| +25% | +$2.46M |
|
|
HCCI
2170
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $12.2M | ﹤0.01% |
323,429
+9,636
| +3% | +$337K |
|
|
EWCZ
2171
DELISTED
European Wax Center
EWCZ
| $12.2M | ﹤0.01% |
655,730
+132,500
| +25% | +$2.37M |
|
2172
TFS Financial
TFSL
$5.22B
| $12.2M | ﹤0.01% |
969,510
-64,352
| -6% | -$780K |
|
2173
Kelly Services Class A
KELYA
$528M
| $12.2M | ﹤0.01% |
691,633
-2,750
| -0.4% | -$47.6K |
|
2174
Archer Aviation
ACHR
$4.05B
| $12.2M | ﹤0.01% |
2,952,378
+185,406
| +7% | +$523K |
|
|
DHC
2175
Diversified Healthcare Trust
DHC
$2.13B
| $12.1M | ﹤0.01% |
5,389,432
+65,206
| +1% | +$93.6K |
|
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.