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 | |
|---|---|---|---|---|---|---|
901
Ionis Pharmaceuticals
IONS
$9.21B
| $69M | 0.01% |
1,865,133
-32,359
| -2% | -$1.22M |
|
902
Insperity
NSP
$1.94B
| $69M | 0.01% |
690,810
+55,175
| +9% | +$5.47M |
|
|
CIVI
903
DELISTED
Civitas Resources
CIVI
| $68.5M | 0.01% |
1,310,897
+305,640
| +30% | +$19.9M |
|
904
Universal Display
OLED
$4.32B
| $68.5M | 0.01% |
677,649
+64,804
| +11% | +$8.34M |
|
905
Dick's Sporting Goods
DKS
$18.4B
| $68.3M | 0.01% |
903,918
-65,540
| -7% | -$5.83M |
|
906
Avis
CAR
$4.97B
| $68.2M | 0.01% |
463,795
-294,358
| -39% | -$64.6M |
|
907
Teladoc Health
TDOC
$1.24B
| $68M | 0.01% |
2,050,896
+58,669
| +3% | +$2.49M |
|
908
Independent Bank
INDB
$4.02B
| $68M | 0.01% |
856,037
+6,242
| +0.7% | +$496K |
|
909
Rapid7
RPD
$902M
| $68M | 0.01% |
1,017,614
+20,702
| +2% | +$1.71M |
|
910
Euronet Worldwide
EEFT
$2.64B
| $68M | 0.01% |
675,549
-32,787
| -5% | -$3.88M |
|
911
Spire
SR
$4.87B
| $67.6M | 0.01% |
909,369
+12,217
| +1% | +$919K |
|
912
Sabra Healthcare REIT
SBRA
$5.07B
| $67.6M | 0.01% |
4,839,374
-184,831
| -4% | -$2.47M |
|
|
X
913
DELISTED
US Steel
X
| $67.3M | 0.01% |
3,714,389
-39,230
| -1% | -$1.07M |
|
914
Credit Acceptance
CACC
$5.94B
| $67.3M | 0.01% |
142,094
+3,550
| +3% | +$1.96M |
|
|
SNV
915
DELISTED
Synovus
SNV
| $67.2M | 0.01% |
1,864,324
-17,910
| -1% | -$741K |
|
916
Ashland
ASH
$3.42B
| $67.2M | 0.01% |
651,678
-31,986
| -5% | -$3.27M |
|
917
Globus Medical
GMED
$11.4B
| $67.1M | 0.01% |
1,194,703
-22,978
| -2% | -$1.51M |
|
918
Intellia Therapeutics
NTLA
$1.68B
| $66.9M | 0.01% |
1,292,588
+65,764
| +5% | +$3.34M |
|
919
U-Haul Holding Co
UHAL
$14.3B
| $66.8M | 0.01% |
1,397,290
-27,140
| -2% | -$1.4M |
|
920
Sunrun
RUN
$2.42B
| $66.7M | 0.01% |
2,855,823
+2,419
| +0.1% | +$58.1K |
|
921
SiteOne Landscape Supply
SITE
$4.32B
| $66.7M | 0.01% |
560,900
-2,491
| -0.4% | -$334K |
|
922
Hanover Insurance
THG
$7.73B
| $66.6M | 0.01% |
455,273
-6,791
| -1% | -$997K |
|
923
Brunswick
BC
$5.28B
| $66.4M | 0.01% |
1,015,372
+21,114
| +2% | +$1.55M |
|
924
Cousins Properties
CUZ
$4.83B
| $66.2M | 0.01% |
2,263,691
-40,719
| -2% | -$1.41M |
|
925
Interactive Brokers
IBKR
$40.7B
| $66M | 0.01% |
4,799,844
+156,248
| +3% | +$2.32M |
|
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.