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 | |
|---|---|---|---|---|---|---|
|
ETRN
1201
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $45.2M | 0.01% |
7,105,800
-121,614
| -2% | -$938K |
|
1202
Applovin
APP
$102B
| $45M | 0.01% |
1,309,650
+836,048
| +177% | +$33.6M |
|
|
SAVE
1203
DELISTED
Spirit Airlines, Inc.
SAVE
| $45M | 0.01% |
1,885,686
+248,385
| +15% | +$5.51M |
|
1204
Magna International
MGA
$18.6B
| $44.9M | 0.01% |
822,185
+21,964
| +3% | +$1.34M |
|
1205
Cushman & Wakefield Ltd
CWK
$3.24B
| $44.8M | 0.01% |
2,938,214
+145,075
| +5% | +$2.55M |
|
1206
Spotify
SPOT
$101B
| $44.7M | 0.01% |
476,721
+1,651
| +0.3% | +$186K |
|
1207
Artisan Partners
APAM
$2.97B
| $44.4M | 0.01% |
1,249,552
+145,024
| +13% | +$5.27M |
|
1208
First Bancorp
FBP
$4.46B
| $44.4M | 0.01% |
3,442,070
-2,132
| -0.1% | -$29.2K |
|
|
AL
1209
DELISTED
Air Lease Corp
AL
| $44.2M | 0.01% |
1,322,575
-40,162
| -3% | -$1.52M |
|
1210
Blue Owl Capital
OWL
$19.1B
| $44.2M | 0.01% |
4,406,694
+1,574,058
| +56% | +$18.9M |
|
1211
Armstrong World Industries
AWI
$7.75B
| $44.1M | 0.01% |
587,796
-12,180
| -2% | -$1.03M |
|
1212
Wendy's
WEN
$1.65B
| $44M | 0.01% |
2,332,833
-73,795
| -3% | -$1.4M |
|
1213
Upwork
UPWK
$1.05B
| $44M | 0.01% |
2,129,728
-13,975
| -0.7% | -$275K |
|
1214
Forward Air
FWRD
$658M
| $43.9M | 0.01% |
477,723
-3,885
| -0.8% | -$360K |
|
1215
HUB Group
HUBG
$2.46B
| $43.9M | 0.01% |
1,237,980
+16,400
| +1% | +$575K |
|
|
KW
1216
DELISTED
Kennedy-Wilson Holdings
KW
| $43.8M | 0.01% |
2,312,892
-12,340
| -0.5% | -$265K |
|
1217
Steven Madden
SHOO
$3.49B
| $43.8M | 0.01% |
1,359,068
-21,239
| -2% | -$805K |
|
1218
Werner Enterprises
WERN
$2.27B
| $43.7M | 0.01% |
1,134,022
+30,066
| +3% | +$1.18M |
|
1219
Pebblebrook Hotel Trust
PEB
$2.04B
| $43.7M | 0.01% |
2,637,100
-40,281
| -2% | -$890K |
|
1220
Restaurant Brands International
QSR
$26.1B
| $43.6M | 0.01% |
869,903
+69,946
| +9% | +$3.74M |
|
|
MRTX
1221
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $43.4M | 0.01% |
647,050
+8,721
| +1% | +$555K |
|
1222
Westlake Corp
WLK
$10.1B
| $43.4M | 0.01% |
443,614
+19,693
| +5% | +$2.41M |
|
1223
CRISPR Therapeutics
CRSP
$5.22B
| $43.4M | 0.01% |
714,195
+51,106
| +8% | +$3M |
|
1224
Ambarella
AMBA
$3.66B
| $43.2M | 0.01% |
659,818
+14,974
| +2% | +$1.21M |
|
|
PACW
1225
DELISTED
PacWest Bancorp
PACW
| $43.1M | 0.01% |
1,614,900
+1,249
| +0.1% | +$40.4K |
|
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.