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 | |
|---|---|---|---|---|---|---|
2376
Frontier Group Holdings
ULCC
$1.84B
| $8.6M | ﹤0.01% |
889,581
+58,964
| +7% | +$530K |
|
|
VZIO
2377
DELISTED
VIZIO Holding Corp.
VZIO
| $8.57M | ﹤0.01% |
1,269,996
+123,919
| +11% | +$958K |
|
|
OPI
2378
DELISTED
Office Properties Income Trust
OPI
| $8.57M | ﹤0.01% |
1,113,234
+22,429
| +2% | +$170K |
|
2379
Bally's
BALY
$687M
| $8.54M | ﹤0.01% |
548,846
-50,725
| -8% | -$818K |
|
|
WOW
2380
DELISTED
WideOpenWest
WOW
| $8.54M | ﹤0.01% |
1,011,466
+2,999
| +0.3% | +$27.1K |
|
2381
ProKidney
PROK
$330M
| $8.51M | ﹤0.01% |
760,823
+622,728
| +451% | +$6.63M |
|
2382
Digimarc Corp
DMRC
$164M
| $8.48M | ﹤0.01% |
287,893
+23,245
| +9% | +$572K |
|
2383
Preformed Line Products
PLPC
$1.87B
| $8.47M | ﹤0.01% |
54,269
+1,012
| +2% | +$147K |
|
2384
Enliven Therapeutics
ELVN
$4.32B
| $8.46M | ﹤0.01% |
414,444
+379,056
| +1,071% | +$7.66M |
|
2385
Mercantile Bank Corp
MBWM
$1.06B
| $8.46M | ﹤0.01% |
306,205
+13,028
| +4% | +$361K |
|
2386
PLAYSTUDIOS Inc
MYPS
$85.9M
| $8.44M | ﹤0.01% |
1,719,540
+123,849
| +8% | +$542K |
|
2387
Aspen Aerogels
ASPN
$410M
| $8.42M | ﹤0.01% |
1,066,685
+89,261
| +9% | +$621K |
|
2388
Blue Bird Corp
BLBD
$2.43B
| $8.41M | ﹤0.01% |
374,159
+18,394
| +5% | +$394K |
|
2389
Central Pacific Financial
CPF
$1.03B
| $8.41M | ﹤0.01% |
535,307
+12,826
| +2% | +$202K |
|
|
ONL
2390
Orion Office REIT
ONL
$152M
| $8.4M | ﹤0.01% |
1,271,438
+10,125
| +0.8% | +$63.1K |
|
2391
Symbotic
SYM
$5.95B
| $8.39M | ﹤0.01% |
196,099
-532
| -0.3% | -$17.5K |
|
2392
OneWater Marine
ONEW
$216M
| $8.34M | ﹤0.01% |
230,049
+7,125
| +3% | +$210K |
|
|
WW
2393
DELISTED
WW International
WW
| $8.33M | ﹤0.01% |
1,239,384
+87,762
| +8% | +$622K |
|
2394
Carriage Services
CSV
$641M
| $8.33M | ﹤0.01% |
256,484
+8,678
| +4% | +$243K |
|
2395
Dyne Therapeutics
DYN
$4.81B
| $8.32M | ﹤0.01% |
739,186
+170,664
| +30% | +$2.01M |
|
2396
Byline Bancorp
BY
$1.81B
| $8.31M | ﹤0.01% |
459,438
+13,417
| +3% | +$252K |
|
2397
Fate Therapeutics
FATE
$291M
| $8.31M | ﹤0.01% |
1,745,112
+132,523
| +8% | +$731K |
|
2398
Movado Group
MOV
$871M
| $8.28M | ﹤0.01% |
308,481
+9,431
| +3% | +$247K |
|
|
REVG
2399
DELISTED
REV Group
REVG
| $8.26M | ﹤0.01% |
622,985
+12,435
| +2% | +$142K |
|
2400
Icahn Enterprises
IEP
$5.2B
| $8.25M | ﹤0.01% |
284,351
+21,105
| +8% | +$768K |
|
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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.