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 | |
|---|---|---|---|---|---|---|
|
HSII
2251
DELISTED
Heidrick & Struggles
HSII
| $10.7M | ﹤0.01% |
403,128
-7,532
| -2% | -$199K |
|
|
MCW
2252
DELISTED
Mister Car Wash
MCW
| $10.7M | ﹤0.01% |
1,104,258
+53,302
| +5% | +$462K |
|
2253
Univest Financial
UVSP
$1.24B
| $10.7M | ﹤0.01% |
589,337
+24,711
| +4% | +$484K |
|
2254
Grid Dynamics Holdings
GDYN
$588M
| $10.6M | ﹤0.01% |
1,151,350
+67,871
| +6% | +$680K |
|
2255
Astronics
ATRO
$3.73B
| $10.6M | ﹤0.01% |
641,670
+36,730
| +6% | +$503K |
|
2256
NetEase
NTES
$83.6B
| $10.6M | ﹤0.01% |
109,742
-71,097
| -39% | -$6.42M |
|
|
PRSU
2257
Pursuit Attractions and Hospitality Inc
PRSU
$1.42B
| $10.6M | ﹤0.01% |
393,028
+2,398
| +0.6% | +$53.3K |
|
|
GOGL
2258
DELISTED
Golden Ocean Group
GOGL
| $10.5M | ﹤0.01% |
1,395,400
+64,556
| +5% | +$538K |
|
2259
Vitesse Energy
VTS
$654M
| $10.5M | ﹤0.01% |
468,814
+156,817
| +50% | +$3.27M |
|
2260
American Well
AMWL
$174M
| $10.5M | ﹤0.01% |
249,149
+22,389
| +10% | +$988K |
|
2261
Clearwater Paper
CLW
$369M
| $10.4M | ﹤0.01% |
333,489
+14,640
| +5% | +$472K |
|
2262
Vera Therapeutics
VERA
$2.15B
| $10.4M | ﹤0.01% |
650,692
+170,647
| +36% | +$1.54M |
|
2263
Resources Connection
RGP
$158M
| $10.4M | ﹤0.01% |
664,629
+23,776
| +4% | +$370K |
|
2264
REX American Resources
REX
$1.46B
| $10.4M | ﹤0.01% |
599,616
+11,218
| +2% | +$174K |
|
2265
Ryanair
RYAAY
$31.2B
| $10.4M | ﹤0.01% |
235,213
+323
| +0.1% | +$13K |
|
|
AGEN
2266
Agenus
AGEN
$346M
| $10.4M | ﹤0.01% |
324,510
+42,971
| +15% | +$1.37M |
|
2267
Harrow
HROW
$1.48B
| $10.4M | ﹤0.01% |
544,121
+276,586
| +103% | +$6.09M |
|
2268
i3 Verticals
IIIV
$427M
| $10.4M | ﹤0.01% |
453,157
+2,952
| +0.7% | +$68.8K |
|
2269
Montauk Renewables
MNTK
$242M
| $10.3M | ﹤0.01% |
1,389,005
+108,126
| +8% | +$745K |
|
|
HTBK
2270
DELISTED
Heritage Commerce
HTBK
| $10.3M | ﹤0.01% |
1,245,736
+57,663
| +5% | +$457K |
|
2271
Definitive Healthcare
DH
$73.9M
| $10.3M | ﹤0.01% |
937,053
+325,065
| +53% | +$3.35M |
|
2272
OmniAb
OABI
$290M
| $10.3M | ﹤0.01% |
2,044,881
+283,357
| +16% | +$1.15M |
|
|
MRNS
2273
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $10.3M | ﹤0.01% |
947,062
+499,839
| +112% | +$4.28M |
|
2274
Argan
AGX
$8.66B
| $10.3M | ﹤0.01% |
260,136
+5,061
| +2% | +$205K |
|
2275
Alignment Healthcare
ALHC
$2.8B
| $10.2M | ﹤0.01% |
1,778,304
+9,301
| +0.5% | +$60.1K |
|
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.