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 | |
|---|---|---|---|---|---|---|
2326
Dole
DOLE
$1.33B
| $9.35M | ﹤0.01% |
+691,450
| New | +$8.86M |
|
|
MLNK
2327
DELISTED
MeridianLink
MLNK
| $9.33M | ﹤0.01% |
448,746
+46,650
| +12% | +$833K |
|
|
WSR
2328
DELISTED
Whitestone REIT
WSR
| $9.28M | ﹤0.01% |
956,933
+23,694
| +3% | +$213K |
|
2329
Hovnanian Enterprises
HOV
$799M
| $9.27M | ﹤0.01% |
93,431
+3,369
| +4% | +$278K |
|
2330
Washington Trust Bancorp
WASH
$761M
| $9.25M | ﹤0.01% |
345,134
+9,556
| +3% | +$267K |
|
|
NFBK
2331
DELISTED
Northfield Bancorp
NFBK
| $9.23M | ﹤0.01% |
840,853
-3,177
| -0.4% | -$33.9K |
|
2332
CareDx
CDNA
$2.44B
| $9.21M | ﹤0.01% |
1,083,009
+66,479
| +7% | +$554K |
|
2333
Century Aluminum
CENX
$4.66B
| $9.15M | ﹤0.01% |
1,048,940
+32,203
| +3% | +$280K |
|
2334
QuinStreet
QNST
$898M
| $9.14M | ﹤0.01% |
1,035,650
+36,512
| +4% | +$368K |
|
|
NXDT
2335
NexPoint Diversified Real Estate Trust
NXDT
$234M
| $9.14M | ﹤0.01% |
730,260
+387,743
| +113% | +$4.14M |
|
2336
Amerant Bancorp
AMTB
$1.16B
| $9.14M | ﹤0.01% |
531,465
+4,240
| +0.8% | +$78.9K |
|
2337
Domo
DOMO
$181M
| $9.13M | ﹤0.01% |
622,830
+22,787
| +4% | +$337K |
|
|
CTLP
2338
DELISTED
Cantaloupe
CTLP
| $9.11M | ﹤0.01% |
1,143,960
+27,113
| +2% | +$176K |
|
2339
Haverty Furniture Companies
HVT
$455M
| $9.09M | ﹤0.01% |
300,932
+9,751
| +3% | +$279K |
|
2340
Allogene Therapeutics
ALLO
$656M
| $9.08M | ﹤0.01% |
1,827,782
+78,538
| +4% | +$425K |
|
2341
IDT Corp
IDT
$1.67B
| $9.08M | ﹤0.01% |
351,366
+9,906
| +3% | +$306K |
|
2342
Peapack-Gladstone Financial
PGC
$827M
| $9.07M | ﹤0.01% |
335,083
+11,154
| +3% | +$305K |
|
|
TPIC
2343
DELISTED
TPI Composites
TPIC
| $9.06M | ﹤0.01% |
874,149
+70,379
| +9% | +$788K |
|
|
SPNS
2344
DELISTED
Sapiens International
SPNS
| $9.06M | ﹤0.01% |
340,595
-3,920
| -1% | -$92.5K |
|
|
HIBB
2345
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $9.06M | ﹤0.01% |
249,649
+6,087
| +2% | +$291K |
|
|
DM
2346
DELISTED
Desktop Metal, Inc.
DM
| $9.03M | ﹤0.01% |
510,404
+28,476
| +6% | +$571K |
|
|
RPC
2347
Ridgepost Capital
RPC
$995M
| $9M | ﹤0.01% |
796,527
+420,293
| +112% | +$4.46M |
|
2348
Camden National
CAC
$1.01B
| $8.99M | ﹤0.01% |
290,218
+7,394
| +3% | +$236K |
|
2349
Farmers National Banc Corp
FMNB
$947M
| $8.95M | ﹤0.01% |
723,732
+31,769
| +5% | +$379K |
|
2350
Coastal Financial
CCB
$673M
| $8.95M | ﹤0.01% |
237,691
+28,853
| +14% | +$1.03M |
|
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.