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 | |
|---|---|---|---|---|---|---|
1026
Hexcel
HXL
$7.74B
| $56.2M | 0.01% |
1,074,874
-9,098
| -0.8% | -$499K |
|
1027
ManpowerGroup
MAN
$2.61B
| $56.1M | 0.01% |
733,766
-26,271
| -3% | -$2.3M |
|
1028
Varonis Systems
VRNS
$4.81B
| $56.1M | 0.01% |
1,913,179
+14,178
| +0.7% | +$527K |
|
1029
Federated Hermes
FHI
$4.68B
| $56M | 0.01% |
1,760,333
+39,961
| +2% | +$1.27M |
|
1030
Rithm Capital
RITM
$5.72B
| $55.9M | 0.01% |
5,999,169
-169,784
| -3% | -$1.78M |
|
1031
Group 1 Automotive
GPI
$3.18B
| $55.6M | 0.01% |
327,493
+20,595
| +7% | +$3.59M |
|
|
JHG
1032
DELISTED
Janus Henderson
JHG
| $55.6M | 0.01% |
2,364,714
-140,391
| -6% | -$4.03M |
|
1033
Yeti Holdings
YETI
$3.78B
| $55.6M | 0.01% |
1,283,992
+125,470
| +11% | +$6.09M |
|
1034
Penumbra
PEN
$12.9B
| $55.4M | 0.01% |
445,201
+311
| +0.1% | +$49.3K |
|
1035
DraftKings
DKNG
$12.7B
| $55.4M | 0.01% |
4,745,928
+432,567
| +10% | +$6.09M |
|
1036
Highwoods Properties
HIW
$3.43B
| $55.3M | 0.01% |
1,618,645
-11,954
| -0.7% | -$472K |
|
1037
NCR Voyix
VYX
$1.11B
| $55.3M | 0.01% |
2,897,961
+27,692
| +1% | +$591K |
|
|
IAA
1038
DELISTED
IAA, Inc. Common Stock
IAA
| $55.3M | 0.01% |
1,687,380
-22,162
| -1% | -$811K |
|
1039
WD-40
WDFC
$3.13B
| $55.2M | 0.01% |
274,125
+23,381
| +9% | +$4.36M |
|
1040
Eastern Bankshares
EBC
$5.33B
| $55.2M | 0.01% |
2,989,422
-107,587
| -3% | -$2.09M |
|
1041
10x Genomics
TXG
$7.45B
| $55.2M | 0.01% |
1,219,517
+31,078
| +3% | +$1.61M |
|
1042
Goodyear
GT
$1.72B
| $55.1M | 0.01% |
5,145,827
+62,609
| +1% | +$784K |
|
1043
National Health Investors
NHI
$3.48B
| $55M | 0.01% |
907,194
-9,743
| -1% | -$555K |
|
1044
Franklin Electric
FELE
$4.76B
| $54.9M | 0.01% |
748,840
-8,419
| -1% | -$625K |
|
1045
RingCentral
RNG
$5.16B
| $54.7M | 0.01% |
1,048,909
+38,553
| +4% | +$2.93M |
|
1046
Thor Industries
THO
$4.1B
| $54.7M | 0.01% |
731,572
-7,801
| -1% | -$605K |
|
|
SRCL
1047
DELISTED
Stericycle Inc
SRCL
| $54.6M | 0.01% |
1,246,137
-10,910
| -0.9% | -$541K |
|
|
RCM
1048
DELISTED
R1 RCM Inc. Common Stock
RCM
| $54.6M | 0.01% |
2,606,201
+217,930
| +9% | +$4.94M |
|
1049
Avista
AVA
$3.22B
| $54.6M | 0.01% |
1,255,401
+28,218
| +2% | +$1.21M |
|
1050
Celsius Holdings
CELH
$6.93B
| $54.5M | 0.01% |
2,506,953
+13,980
| +0.6% | +$270K |
|
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.