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 | |
|---|---|---|---|---|---|---|
976
Lazard
LAZ
$4.25B
| $59.9M | 0.01% |
1,848,983
+389,100
| +27% | +$13.1M |
|
|
WCC
977
WESCO International
WCC
$18B
| $59.9M | 0.01% |
559,503
-241,877
| -30% | -$29.8M |
|
978
LivaNova
LIVN
$4.41B
| $59.8M | 0.01% |
957,603
-2,113
| -0.2% | -$150K |
|
|
EQC
979
DELISTED
Equity Commonwealth
EQC
| $59.7M | 0.01% |
2,167,781
-50,773
| -2% | -$1.37M |
|
980
Avnet
AVT
$8.11B
| $59.5M | 0.01% |
1,388,218
+31,082
| +2% | +$1.35M |
|
981
SL Green Realty
SLG
$3.98B
| $59.5M | 0.01% |
1,289,421
-33,126
| -3% | -$2.11M |
|
982
Simply Good Foods
SMPL
$962M
| $59.5M | 0.01% |
1,574,099
+19,749
| +1% | +$782K |
|
983
Radian Group
RDN
$4.86B
| $59.5M | 0.01% |
3,025,583
-220,027
| -7% | -$4.62M |
|
984
Post Holdings
POST
$3.57B
| $59.3M | 0.01% |
720,244
-18,300
| -2% | -$1.42M |
|
985
Douglas Emmett
DEI
$1.95B
| $59.3M | 0.01% |
2,650,021
-34,620
| -1% | -$965K |
|
986
Primerica
PRI
$9.63B
| $59.3M | 0.01% |
495,292
-16,322
| -3% | -$2.05M |
|
987
Axalta
AXTA
$8B
| $59.2M | 0.01% |
2,678,062
-5,206
| -0.2% | -$132K |
|
988
Bank OZK
OZK
$5.66B
| $59.1M | 0.01% |
1,574,222
-77,645
| -5% | -$3.06M |
|
|
JBTM
989
JBT Marel
JBTM
$6.18B
| $59M | 0.01% |
534,646
+1,243
| +0.2% | +$143K |
|
990
Mueller Industries
MLI
$15.1B
| $59M | 0.01% |
4,425,632
+396,184
| +10% | +$5.37M |
|
991
COPT Defense Properties
CDP
$4.17B
| $58.8M | 0.01% |
2,246,368
-60,243
| -3% | -$1.63M |
|
|
TRTN
992
DELISTED
Triton International Limited
TRTN
| $58.7M | 0.01% |
1,115,514
-38,761
| -3% | -$2.34M |
|
993
NorthWestern Energy
NWE
$4.37B
| $58.7M | 0.01% |
996,102
+13,926
| +1% | +$829K |
|
994
AXIS Capital
AXS
$7.38B
| $58.7M | 0.01% |
1,027,966
+36,077
| +4% | +$2.06M |
|
995
Onto Innovation
ONTO
$20.5B
| $58.6M | 0.01% |
840,773
-5,382
| -0.6% | -$398K |
|
996
Fluor
FLR
$7.03B
| $58.6M | 0.01% |
2,408,217
-81,804
| -3% | -$2.2M |
|
|
ALE
997
DELISTED
Allete
ALE
| $58.6M | 0.01% |
996,559
+73,332
| +8% | +$4.48M |
|
998
Box
BOX
$4.49B
| $58.6M | 0.01% |
2,329,646
-114,151
| -5% | -$3.19M |
|
999
GATX Corp
GATX
$6.27B
| $58.5M | 0.01% |
621,730
+4,349
| +0.7% | +$464K |
|
1000
XPeng
XPEV
$11.4B
| $58.4M | 0.01% |
1,850,405
+177,147
| +11% | +$4.55M |
|
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.