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
|
+$956M |
| 2 |
Apple
AAPL
|
+$935M |
| 3 |
Warner Bros
WBD
|
+$783M |
| 4 |
Home Depot
HD
|
+$626M |
| 5 |
Amazon
AMZN
|
+$476M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$734M |
| 2 |
CERN
Cerner Corp
CERN
|
+$600M |
| 3 |
Marathon Petroleum
MPC
|
+$180M |
| 4 |
PBCT
People's United Financial Inc
PBCT
|
+$169M |
| 5 |
S&P Global
SPGI
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.95% |
| 2 | Healthcare | 14.76% |
| 3 | Financials | 13.17% |
| 4 | Consumer Discretionary | 10.3% |
| 5 | Industrials | 8.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Best Buy
BBY
$17.4B
| $270M | 0.04% |
4,148,244
-296,154
| -7% | -$24.7M |
|
427
Enbridge
ENB
$112B
| $270M | 0.04% |
6,340,659
+259,229
| +4% | +$11.6M |
|
428
Kimco Realty
KIM
$16.2B
| $270M | 0.04% |
13,667,056
+222,981
| +2% | +$5.12M |
|
429
AES
AES
$10.5B
| $269M | 0.04% |
12,827,601
+275,139
| +2% | +$6M |
|
430
IDEX
IEX
$17.2B
| $266M | 0.04% |
1,467,375
+27,988
| +2% | +$5.27M |
|
|
CTXS
431
DELISTED
Citrix Systems Inc
CTXS
| $265M | 0.04% |
2,735,968
+79,995
| +3% | +$7.96M |
|
432
Packaging Corp of America
PKG
$22.7B
| $265M | 0.04% |
1,933,318
+38,535
| +2% | +$5.95M |
|
433
W.P. Carey
WPC
$16.1B
| $264M | 0.04% |
3,251,816
+25,568
| +0.8% | +$2.06M |
|
434
FMC
FMC
$1.31B
| $263M | 0.04% |
2,459,901
+73,952
| +3% | +$9.04M |
|
435
NVR
NVR
$16.8B
| $262M | 0.04% |
65,622
-2,179
| -3% | -$9.28M |
|
436
Snap-on
SNA
$21.3B
| $261M | 0.04% |
1,324,268
+113,525
| +9% | +$24.2M |
|
437
Viatris
VTRS
$18.7B
| $260M | 0.04% |
24,881,035
+414,189
| +2% | +$4.54M |
|
438
APA Corp
APA
$14.4B
| $259M | 0.04% |
7,444,246
-255,104
| -3% | -$10.8M |
|
439
Gen Digital
GEN
$17.5B
| $257M | 0.04% |
11,731,624
+306,407
| +3% | +$7.53M |
|
440
Generac Holdings
GNRC
$12.2B
| $257M | 0.04% |
1,223,408
+20,115
| +2% | +$4.95M |
|
441
Masco
MAS
$14.7B
| $256M | 0.04% |
5,061,230
+49,997
| +1% | +$2.64M |
|
442
Textron
TXT
$15.3B
| $256M | 0.04% |
4,193,137
-70,822
| -2% | -$4.65M |
|
443
Avery Dennison
AVY
$13.5B
| $255M | 0.04% |
1,579,747
-3,049
| -0.2% | -$521K |
|
444
Celanese
CE
$4.88B
| $255M | 0.04% |
2,173,807
+52,828
| +2% | +$7.58M |
|
445
Host Hotels & Resorts
HST
$15.5B
| $254M | 0.04% |
16,255,072
+21,502
| +0.1% | +$410K |
|
446
SolarEdge
SEDG
$1.98B
| $249M | 0.04% |
912,235
+66,837
| +8% | +$18.3M |
|
447
Cboe Global Markets
CBOE
$29.8B
| $248M | 0.04% |
2,199,138
+28,005
| +1% | +$3.14M |
|
|
ABMD
448
DELISTED
Abiomed Inc
ABMD
| $248M | 0.04% |
1,002,091
+23,517
| +2% | +$6.35M |
|
449
Seagate
STX
$182B
| $242M | 0.04% |
3,387,746
+25,931
| +0.8% | +$2.11M |
|
450
Trade Desk
TTD
$6.29B
| $241M | 0.04% |
5,757,974
+65,276
| +1% | +$3.58M |
|
Similar funds
Geode Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Geode Capital Management held 5,106 positions worth $683B, down 15% from $801B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q2 2022: portfolio turnover was 4.3%. Geode Capital Management opened 131 new positions and exited 89, leaving the 5,106-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q2 2022 buy was Aspen Technology Inc: 402,046 shares worth $74M.
- Geode Capital Management added most to Microsoft in Q2 2022, an estimated $956M increase.
- Geode Capital Management's biggest Q2 2022 reduction was AT&T, cutting an estimated $734M.
- Geode Capital Management fully exited Cerner Corp in Q2 2022, selling an estimated $600M.
- Geode Capital Management's ten largest holdings make up 23% of its $683B portfolio in Q2 2022.
- Geode Capital Management opened 131 new positions and closed 89 in Q2 2022.
- Geode Capital Management's portfolio value fell 15% quarter-over-quarter to $683B.
Based on Geode Capital Management's 13F filing for Q2 2022, filed 12 Aug 2022.