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 | |
|---|---|---|---|---|---|---|
|
HDSN
2426
Hudson Technologies
HDSN
$264M
| $7.99M | ﹤0.01% |
830,143
+47,087
| +6% | +$409K |
|
2427
Ceco Environmental
CECO
$4.13B
| $7.97M | ﹤0.01% |
596,520
+315,320
| +112% | +$3.92M |
|
|
ORC
2428
Orchid Island Capital
ORC
$1.27B
| $7.96M | ﹤0.01% |
769,518
+74,611
| +11% | +$771K |
|
2429
Xponential Fitness
XPOF
$274M
| $7.96M | ﹤0.01% |
461,358
+50,949
| +12% | +$1.44M |
|
|
PETQ
2430
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $7.95M | ﹤0.01% |
524,373
+18,870
| +4% | +$242K |
|
2431
Patria Investments
PAX
$1.85B
| $7.92M | ﹤0.01% |
553,943
+522,590
| +1,667% | +$7.77M |
|
2432
Prime Medicine
PRME
$515M
| $7.92M | ﹤0.01% |
540,308
+299,963
| +125% | +$4.19M |
|
2433
Republic Bancorp
RBCAA
$1.96B
| $7.92M | ﹤0.01% |
186,239
+1,266
| +0.7% | +$52.8K |
|
2434
HCI Group
HCI
$2.27B
| $7.9M | ﹤0.01% |
127,900
+4,432
| +4% | +$243K |
|
2435
Consolidated Water Co
CWCO
$468M
| $7.9M | ﹤0.01% |
326,009
+188,963
| +138% | +$3.66M |
|
2436
Crescent Energy
CRGY
$3.76B
| $7.9M | ﹤0.01% |
757,722
+21,505
| +3% | +$230K |
|
2437
Artesian Resources
ARTNA
$347M
| $7.89M | ﹤0.01% |
167,010
+11,562
| +7% | +$608K |
|
2438
Global Industrial
GIC
$1.39B
| $7.88M | ﹤0.01% |
283,583
+1,665
| +0.6% | +$43K |
|
|
NPKI
2439
NPK International
NPKI
$1.14B
| $7.86M | ﹤0.01% |
1,503,491
-103,233
| -6% | -$428K |
|
2440
Centrus Energy
LEU
$3.68B
| $7.86M | ﹤0.01% |
241,445
+30,065
| +14% | +$931K |
|
2441
Vaalco Energy
EGY
$552M
| $7.86M | ﹤0.01% |
2,089,596
+99,477
| +5% | +$406K |
|
2442
Omega Flex
OFLX
$308M
| $7.84M | ﹤0.01% |
75,581
+2,268
| +3% | +$243K |
|
|
LOVE
2443
LoveSac
LOVE
$253M
| $7.8M | ﹤0.01% |
289,579
+9,002
| +3% | +$230K |
|
2444
The RMR Group
RMR
$326M
| $7.8M | ﹤0.01% |
336,489
+15,400
| +5% | +$360K |
|
2445
EverCommerce
EVCM
$2.1B
| $7.76M | ﹤0.01% |
655,547
-13,127
| -2% | -$153K |
|
2446
Custom Truck One Source
CTOS
$2.67B
| $7.76M | ﹤0.01% |
1,151,175
-1,863
| -0.2% | -$12.3K |
|
2447
Alector
ALEC
$173M
| $7.75M | ﹤0.01% |
1,289,722
+70,998
| +6% | +$496K |
|
2448
TETRA Technologies
TTI
$1.23B
| $7.75M | ﹤0.01% |
2,292,379
+78,653
| +4% | +$228K |
|
2449
Vertex
VERX
$1.89B
| $7.74M | ﹤0.01% |
396,704
+29,549
| +8% | +$623K |
|
|
OLP
2450
One Liberty Properties
OLP
$527M
| $7.71M | ﹤0.01% |
379,581
+16,580
| +5% | +$350K |
|
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.