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 | |
|---|---|---|---|---|---|---|
1101
Kulicke & Soffa
KLIC
$5.01B
| $51M | 0.01% |
1,191,067
+54,835
| +5% | +$2.72M |
|
1102
Insight Enterprises
NSIT
$4.53B
| $51M | 0.01% |
590,960
-30,832
| -5% | -$3.01M |
|
1103
Sanmina
SANM
$11.3B
| $50.9M | 0.01% |
1,248,909
+54,268
| +5% | +$2.24M |
|
1104
Unifirst Corp
UNF
$5.26B
| $50.8M | 0.01% |
295,140
+22,614
| +8% | +$3.78M |
|
|
PPBI
1105
DELISTED
Pacific Premier Bancorp
PPBI
| $50.8M | 0.01% |
1,737,653
+10,863
| +0.6% | +$347K |
|
1106
MGE Energy Inc
MGEE
$3.07B
| $50.8M | 0.01% |
652,386
-12,867
| -2% | -$1.03M |
|
1107
Grand Canyon Education
LOPE
$3.71B
| $50.7M | 0.01% |
538,656
-40,589
| -7% | -$3.78M |
|
|
HI
1108
DELISTED
Hillenbrand
HI
| $50.7M | 0.01% |
1,237,905
-14,926
| -1% | -$623K |
|
1109
Tandem Diabetes Care
TNDM
$1.61B
| $50.6M | 0.01% |
854,931
+688
| +0.1% | +$56.5K |
|
1110
ABM Industries
ABM
$2.84B
| $50.5M | 0.01% |
1,163,998
-4,558
| -0.4% | -$211K |
|
1111
Commault Systems
CVLT
$5.86B
| $50.5M | 0.01% |
803,081
-15,447
| -2% | -$959K |
|
|
BECN
1112
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $50.4M | 0.01% |
981,420
-24,379
| -2% | -$1.43M |
|
1113
NETSCOUT
NTCT
$2.88B
| $50.3M | 0.01% |
1,487,236
+122,332
| +9% | +$4.1M |
|
1114
SITE Centers
SITC
$158M
| $50.3M | 0.01% |
4,785,528
+438,738
| +10% | +$5.18M |
|
1115
Otter Tail
OTTR
$3.91B
| $50.3M | 0.01% |
748,686
-11,154
| -1% | -$709K |
|
1116
Denali Therapeutics
DNLI
$4.02B
| $50.2M | 0.01% |
1,706,581
+75,634
| +5% | +$1.98M |
|
|
SGI
1117
Somnigroup International
SGI
$13.6B
| $50.1M | 0.01% |
2,343,902
-45,265
| -2% | -$1.17M |
|
1118
Element Solutions
ESI
$9.36B
| $50.1M | 0.01% |
2,813,390
-32,409
| -1% | -$658K |
|
1119
Comfort Systems
FIX
$61.8B
| $50.1M | 0.01% |
602,205
-4,810
| -0.8% | -$414K |
|
|
FOLD
1120
DELISTED
Amicus Therapeutics
FOLD
| $50M | 0.01% |
4,659,254
+143,003
| +3% | +$1.18M |
|
1121
Mercury Systems
MRCY
$6.72B
| $50M | 0.01% |
776,552
-1,102
| -0.1% | -$65.7K |
|
1122
Walker & Dunlop
WD
$1.46B
| $49.9M | 0.01% |
518,051
+8,448
| +2% | +$932K |
|
1123
Rogers Communications
RCI
$19.3B
| $49.9M | 0.01% |
1,043,690
+48,628
| +5% | +$2.54M |
|
|
AEL
1124
DELISTED
American Equity Investment Life Holding Company
AEL
| $49.9M | 0.01% |
1,363,299
-68,366
| -5% | -$2.6M |
|
1125
Sprouts Farmers Market
SFM
$7.94B
| $49.8M | 0.01% |
1,966,285
-91,090
| -4% | -$2.53M |
|
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.