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 | |
|---|---|---|---|---|---|---|
2226
Community Trust Bancorp
CTBI
$1.44B
| $11.1M | ﹤0.01% |
313,308
+10,080
| +3% | +$363K |
|
2227
Cass Information Systems
CASS
$729M
| $11.1M | ﹤0.01% |
287,074
+16,155
| +6% | +$634K |
|
|
EGLE
2228
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $11.1M | ﹤0.01% |
230,863
+9,490
| +4% | +$419K |
|
2229
Cricut
CRCT
$1.04B
| $11.1M | ﹤0.01% |
908,932
+510,930
| +128% | +$5.59M |
|
2230
Autohome
ATHM
$2.64B
| $11.1M | ﹤0.01% |
381,992
+13,000
| +4% | +$388K |
|
|
DAWN
2231
DELISTED
Day One Biopharmaceuticals
DAWN
| $11M | ﹤0.01% |
925,216
+336,740
| +57% | +$4.4M |
|
|
ACRE
2232
Ares Commercial Real Estate
ACRE
$257M
| $11M | ﹤0.01% |
1,088,317
+30,549
| +3% | +$279K |
|
2233
Xperi
XPER
$384M
| $11M | ﹤0.01% |
838,544
+14,020
| +2% | +$152K |
|
2234
Franklin Covey
FC
$244M
| $11M | ﹤0.01% |
252,334
+11,974
| +5% | +$443K |
|
2235
V2X
VVX
$2.47B
| $11M | ﹤0.01% |
221,937
+1,801
| +0.8% | +$78.5K |
|
2236
Accel Entertainment
ACEL
$990M
| $11M | ﹤0.01% |
1,041,041
+10,934
| +1% | +$103K |
|
2237
E.W. Scripps
SSP
$261M
| $11M | ﹤0.01% |
1,198,521
+37,324
| +3% | +$315K |
|
|
TRST
2238
Trustco Bank Corp NY
TRST
$983M
| $11M | ﹤0.01% |
383,182
+3,511
| +0.9% | +$103K |
|
2239
Dream Finders Homes
DFH
$1.3B
| $11M | ﹤0.01% |
445,740
+38,445
| +9% | +$692K |
|
|
DHIL
2240
DELISTED
Diamond Hill
DHIL
| $11M | ﹤0.01% |
63,968
+2,651
| +4% | +$441K |
|
2241
Community Health Systems
CYH
$417M
| $10.9M | ﹤0.01% |
2,482,014
+104,069
| +4% | +$443K |
|
|
EQRX
2242
DELISTED
EQRx, Inc. Common Stock
EQRX
| $10.9M | ﹤0.01% |
5,871,060
+1,485,912
| +34% | +$2.66M |
|
2243
DXP Enterprises
DXPE
$2.65B
| $10.8M | ﹤0.01% |
297,904
-9,039
| -3% | -$273K |
|
|
GLDD
2244
DELISTED
Great Lakes Dredge & Dock
GLDD
| $10.8M | ﹤0.01% |
1,326,332
+24,359
| +2% | +$158K |
|
2245
LSB Industries
LXU
$706M
| $10.8M | ﹤0.01% |
1,098,253
-53,249
| -5% | -$510K |
|
2246
Sinclair Inc
SBGI
$1.01B
| $10.8M | ﹤0.01% |
778,299
-31,768
| -4% | -$525K |
|
2247
Lyell Immunopharma
LYEL
$333M
| $10.7M | ﹤0.01% |
168,791
+9,369
| +6% | +$518K |
|
|
TBI
2248
Trueblue
TBI
$234M
| $10.7M | ﹤0.01% |
604,626
-10,378
| -2% | -$176K |
|
2249
SFL Corp
SFL
$1.61B
| $10.7M | ﹤0.01% |
1,147,493
+50,731
| +5% | +$459K |
|
2250
GoPro
GPRO
$133M
| $10.7M | ﹤0.01% |
2,585,798
+82,709
| +3% | +$355K |
|
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.