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 | |
|---|---|---|---|---|---|---|
1001
Affiliated Managers Group
AMG
$9.6B
| $58.4M | 0.01% |
500,591
-25,497
| -5% | -$3.28M |
|
1002
Cytokinetics
CYTK
$10.7B
| $58.3M | 0.01% |
1,483,522
+11,611
| +0.8% | +$467K |
|
1003
Allison Transmission
ALSN
$10.1B
| $58.3M | 0.01% |
1,515,744
+206,403
| +16% | +$7.89M |
|
|
SWCH
1004
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $58M | 0.01% |
1,731,785
+136,455
| +9% | +$4.41M |
|
|
UCB
1005
United Community Banks
UCB
$4.39B
| $58M | 0.01% |
1,921,101
+11,835
| +0.6% | +$364K |
|
1006
Magnolia Oil & Gas
MGY
$6.23B
| $57.5M | 0.01% |
2,738,546
+286,419
| +12% | +$7.16M |
|
|
PINC
1007
DELISTED
Premier
PINC
| $57.3M | 0.01% |
1,605,670
-27,523
| -2% | -$1.01M |
|
|
COUP
1008
DELISTED
Coupa Software Incorporated
COUP
| $57.2M | 0.01% |
1,002,885
+26,613
| +3% | +$2.05M |
|
1009
Fabrinet
FN
$20.9B
| $57.2M | 0.01% |
704,947
+53,409
| +8% | +$4.8M |
|
1010
Zurn Elkay Water Solutions
ZWS
$8.5B
| $57M | 0.01% |
2,093,803
+17,423
| +0.8% | +$528K |
|
|
FLG
1011
Flagstar Bank National Association
FLG
$5.9B
| $56.9M | 0.01% |
2,079,003
-13,928
| -0.7% | -$400K |
|
1012
Essential Properties Realty Trust
EPRT
$6.59B
| $56.9M | 0.01% |
2,649,209
+99,773
| +4% | +$2.32M |
|
1013
Marqeta
MQ
$1.62B
| $56.9M | 0.01% |
1,754,061
+1,147,973
| +189% | +$45.1M |
|
|
UMPQ
1014
DELISTED
Umpqua Holdings Corp
UMPQ
| $56.9M | 0.01% |
3,392,562
-5,816
| -0.2% | -$101K |
|
1015
GXO Logistics
GXO
$5.5B
| $56.8M | 0.01% |
1,312,982
+64,054
| +5% | +$3.55M |
|
1016
CNX Resources
CNX
$5.27B
| $56.7M | 0.01% |
3,445,331
-146,728
| -4% | -$3M |
|
1017
MGIC Investment
MTG
$6.3B
| $56.7M | 0.01% |
4,473,232
-208,994
| -4% | -$2.75M |
|
1018
Clean Harbors
CLH
$16.8B
| $56.7M | 0.01% |
646,427
-7,342
| -1% | -$708K |
|
1019
Cirrus Logic
CRUS
$6.11B
| $56.6M | 0.01% |
780,454
-3,534
| -0.5% | -$274K |
|
1020
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.36B
| $56.6M | 0.01% |
1,495,119
+63,825
| +4% | +$2.54M |
|
1021
iRhythm Holdings
IRTC
$4.06B
| $56.6M | 0.01% |
523,914
+683
| +0.1% | +$90.5K |
|
1022
TriNet
TNET
$3.05B
| $56.5M | 0.01% |
727,609
+20,696
| +3% | +$1.73M |
|
1023
Mine Safety
MSA
$7.45B
| $56.5M | 0.01% |
466,395
-6,563
| -1% | -$816K |
|
1024
DigitalBridge
DBRG
$2.95B
| $56.5M | 0.01% |
2,891,946
+340,634
| +13% | +$8.31M |
|
1025
Haemonetics
HAE
$4.08B
| $56.4M | 0.01% |
864,784
-16,777
| -2% | -$993K |
|
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.