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 | |
|---|---|---|---|---|---|---|
|
SWI
2276
DELISTED
SolarWinds Corporation Common Stock
SWI
| $10.2M | ﹤0.01% |
991,838
+77,550
| +8% | +$707K |
|
|
RAPT
2277
DELISTED
RAPT Therapeutics
RAPT
| $10.2M | ﹤0.01% |
67,994
+1,925
| +3% | +$300K |
|
|
CVGW
2278
DELISTED
Calavo Growers
CVGW
| $10.2M | ﹤0.01% |
349,914
+15,633
| +5% | +$485K |
|
2279
Tecnoglass Holdings Inc.
TGLS
$2.05B
| $10.1M | ﹤0.01% |
196,433
+3,590
| +2% | +$160K |
|
2280
Interface
TILE
$2.01B
| $10.1M | ﹤0.01% |
1,152,530
+49,324
| +4% | +$378K |
|
2281
First Community Bankshares
FCBC
$924M
| $10.1M | ﹤0.01% |
340,616
+54,740
| +19% | +$1.44M |
|
2282
Designer Brands
DBI
$336M
| $10.1M | ﹤0.01% |
999,761
+29,232
| +3% | +$241K |
|
|
BFS
2283
Saul Centers
BFS
$838M
| $10.1M | ﹤0.01% |
273,410
+3,718
| +1% | +$134K |
|
|
AGTI
2284
DELISTED
Agiliti Inc
AGTI
| $10.1M | ﹤0.01% |
609,329
+38,084
| +7% | +$638K |
|
|
ORGN
2285
DELISTED
Origin Materials
ORGN
| $10M | ﹤0.01% |
78,420
+5,310
| +7% | +$684K |
|
|
BRY
2286
DELISTED
Berry Corp
BRY
| $10M | ﹤0.01% |
1,455,749
+48,996
| +3% | +$353K |
|
2287
United Fire Group
UFCS
$1.38B
| $10M | ﹤0.01% |
441,304
+11,346
| +3% | +$280K |
|
2288
NVE Corp
NVEC
$618M
| $9.99M | ﹤0.01% |
102,549
+45,896
| +81% | +$3.98M |
|
|
CLDT
2289
Chatham Lodging
CLDT
$629M
| $9.99M | ﹤0.01% |
1,066,865
+42,838
| +4% | +$424K |
|
|
ROVR
2290
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $9.96M | ﹤0.01% |
2,028,673
+71,452
| +4% | +$327K |
|
|
TSVT
2291
DELISTED
2seventy bio
TSVT
| $9.95M | ﹤0.01% |
983,226
+241,754
| +33% | +$2.56M |
|
2292
Vishay Precision Group
VPG
$1.34B
| $9.91M | ﹤0.01% |
266,791
+29,797
| +13% | +$1.11M |
|
2293
Kura Sushi USA
KRUS
$588M
| $9.91M | ﹤0.01% |
106,608
+24,147
| +29% | +$1.78M |
|
2294
World Acceptance Corp
WRLD
$902M
| $9.89M | ﹤0.01% |
73,832
+1,133
| +2% | +$122K |
|
2295
FuboTV Inc
FUBO
$281M
| $9.88M | ﹤0.01% |
395,654
+89,781
| +29% | +$1.72M |
|
2296
Stoneridge
SRI
$213M
| $9.85M | ﹤0.01% |
522,548
+20,089
| +4% | +$352K |
|
|
ME
2297
DELISTED
23andMe Holding Co
ME
| $9.83M | ﹤0.01% |
280,856
+12,716
| +5% | +$506K |
|
|
TRTX
2298
TPG RE Finance Trust
TRTX
$614M
| $9.82M | ﹤0.01% |
1,325,424
+84,231
| +7% | +$570K |
|
2299
Teekay Tankers
TNK
$2.66B
| $9.82M | ﹤0.01% |
256,825
+20,243
| +9% | +$788K |
|
2300
Nurix Therapeutics
NRIX
$2.56B
| $9.77M | ﹤0.01% |
978,051
+47,360
| +5% | +$483K |
|
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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.