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 | |
|---|---|---|---|---|---|---|
651
Halozyme
HALO
$11.8B
| $107M | 0.02% |
2,442,698
-63,836
| -3% | -$2.76M |
|
652
BJs Wholesale Club
BJ
$12B
| $107M | 0.02% |
1,719,774
-640,280
| -27% | -$40.2M |
|
653
Lithia Motors
LAD
$8.42B
| $107M | 0.02% |
389,637
-17,980
| -4% | -$5.24M |
|
654
Commerce Bancshares
CBSH
$8.51B
| $107M | 0.02% |
1,980,193
-1,077
| -0.1% | -$60.5K |
|
655
SouthState Bank Corp
SSB
$10.6B
| $106M | 0.02% |
1,375,429
-23,766
| -2% | -$1.85M |
|
656
SEI Investments
SEIC
$12.7B
| $106M | 0.02% |
1,964,080
+167,856
| +9% | +$9.45M |
|
657
Mattel
MAT
$4.3B
| $106M | 0.02% |
4,730,718
+22,349
| +0.5% | +$528K |
|
658
Kinsale Capital Group
KNSL
$8.57B
| $106M | 0.02% |
459,595
+37,983
| +9% | +$8.4M |
|
659
Regal Rexnord
RRX
$11.5B
| $105M | 0.02% |
926,587
+10,278
| +1% | +$1.31M |
|
660
Trex
TREX
$5.06B
| $105M | 0.02% |
1,932,414
+469,031
| +32% | +$28.3M |
|
661
Reinsurance Group of America
RGA
$16B
| $105M | 0.02% |
894,810
-15,952
| -2% | -$1.85M |
|
662
SiriusXM
SIRI
$9.66B
| $105M | 0.02% |
1,705,861
-36,051
| -2% | -$2.24M |
|
663
Cleveland-Cliffs
CLF
$7.05B
| $105M | 0.02% |
6,807,831
+413,654
| +6% | +$9.89M |
|
664
Silicon Laboratories
SLAB
$7.2B
| $104M | 0.02% |
743,279
+32,810
| +5% | +$4.59M |
|
665
Lattice Semiconductor
LSCC
$17.9B
| $104M | 0.02% |
2,145,069
-383,847
| -15% | -$19.1M |
|
666
Concentrix
CNXC
$1.55B
| $104M | 0.02% |
764,295
+76,341
| +11% | +$11.5M |
|
667
Knight Transportation
KNX
$11.1B
| $104M | 0.02% |
2,242,303
-23,536
| -1% | -$1.11M |
|
668
PENN Entertainment
PENN
$2.56B
| $103M | 0.02% |
3,403,125
+135,345
| +4% | +$4.57M |
|
669
Amdocs
DOX
$6.14B
| $103M | 0.02% |
1,237,495
+209,014
| +20% | +$17.2M |
|
670
Exponent
EXPO
$3.28B
| $103M | 0.02% |
1,125,817
+93,062
| +9% | +$8.77M |
|
|
GTLS
671
DELISTED
Chart Industries
GTLS
| $103M | 0.02% |
616,412
-6,077
| -1% | -$1.04M |
|
672
Shopify
SHOP
$196B
| $103M | 0.02% |
3,303,455
+115,085
| +4% | +$4.91M |
|
673
Bruker
BRKR
$8.64B
| $103M | 0.02% |
1,635,450
+158,805
| +11% | +$9.74M |
|
674
Emcor
EME
$36B
| $102M | 0.02% |
992,074
+27,232
| +3% | +$2.91M |
|
675
Li Auto
LI
$12.4B
| $102M | 0.01% |
2,675,538
-538
| -0% | -$14.4K |
|
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.