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 | |
|---|---|---|---|---|---|---|
576
Crown Holdings
CCK
$13.2B
| $141M | 0.02% |
1,534,841
-71,415
| -4% | -$7.63M |
|
577
Annaly Capital Management
NLY
$17.5B
| $141M | 0.02% |
5,974,306
+523,299
| +10% | +$13.6M |
|
578
GoDaddy
GDDY
$11.6B
| $141M | 0.02% |
2,029,306
-59,278
| -3% | -$4.51M |
|
|
BKI
579
DELISTED
Black Knight, Inc. Common Stock
BKI
| $141M | 0.02% |
2,151,185
+45,997
| +2% | +$3.1M |
|
580
Jazz Pharmaceuticals
JAZZ
$16.2B
| $139M | 0.02% |
890,527
-1,773
| -0.2% | -$273K |
|
581
Essential Utilities
WTRG
$11.3B
| $139M | 0.02% |
3,024,669
-22,975
| -0.8% | -$1.07M |
|
582
Franklin Resources
BEN
$17B
| $138M | 0.02% |
5,930,991
+66,008
| +1% | +$1.69M |
|
583
Pinduoduo
PDD
$129B
| $136M | 0.02% |
2,215,632
+30,160
| +1% | +$1.41M |
|
584
Carnival Corporation Ltd
CCL
$37.9B
| $136M | 0.02% |
15,773,067
+368,414
| +2% | +$5.41M |
|
|
ACC
585
DELISTED
American Campus Communities, Inc.
ACC
| $136M | 0.02% |
2,105,148
-30,630
| -1% | -$1.94M |
|
586
Yum China
YUMC
$16.2B
| $135M | 0.02% |
2,782,676
-1,002,146
| -26% | -$42.2M |
|
587
Watsco Inc
WSO
$13.3B
| $134M | 0.02% |
559,523
+52,763
| +10% | +$13.9M |
|
|
GTM
588
ZoomInfo Technologies
GTM
$1.2B
| $133M | 0.02% |
4,006,260
+922,489
| +30% | +$40.7M |
|
589
Nutrien
NTR
$32B
| $133M | 0.02% |
1,657,074
+9,196
| +0.6% | +$893K |
|
590
Jones Lang LaSalle
JLL
$16.7B
| $132M | 0.02% |
753,193
-31,371
| -4% | -$6.25M |
|
591
BILL Holdings
BILL
$4.93B
| $131M | 0.02% |
1,195,954
+10,569
| +0.9% | +$1.54M |
|
592
RPM International
RPM
$15B
| $131M | 0.02% |
1,664,714
+6,183
| +0.4% | +$520K |
|
593
Canadian Imperial Bank of Commerce
CM
$109B
| $130M | 0.02% |
2,668,891
+83,017
| +3% | +$4.52M |
|
594
Williams-Sonoma
WSM
$29.7B
| $130M | 0.02% |
2,334,018
+231,182
| +11% | +$15M |
|
595
Roku
ROKU
$22.4B
| $130M | 0.02% |
1,580,882
+43,061
| +3% | +$4.17M |
|
596
Manhattan Associates
MANH
$11.5B
| $130M | 0.02% |
1,129,424
+103,373
| +10% | +$12.9M |
|
597
Pinterest
PINS
$13.5B
| $130M | 0.02% |
7,146,914
+146,526
| +2% | +$3.07M |
|
598
Toro Company
TTC
$9.45B
| $129M | 0.02% |
1,699,331
+172,446
| +11% | +$14M |
|
599
News Corp Class A
NWSA
$15.4B
| $129M | 0.02% |
8,287,798
+316,074
| +4% | +$5.81M |
|
600
Snap
SNAP
$9.22B
| $129M | 0.02% |
9,831,956
+22,478
| +0.2% | +$513K |
|
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.