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 | |
|---|---|---|---|---|---|---|
1276
National Vision
EYE
$1.56B
| $40.5M | 0.01% |
1,473,091
+2,849
| +0.2% | +$93.9K |
|
1277
Chegg
CHGG
$88.9M
| $40.5M | 0.01% |
2,157,044
+437,773
| +25% | +$10M |
|
1278
Integer Holdings
ITGR
$4.25B
| $40.4M | 0.01% |
571,302
+1,918
| +0.3% | +$147K |
|
|
ROIC
1279
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $40.3M | 0.01% |
2,551,242
+3,897
| +0.2% | +$69.5K |
|
1280
Cactus
WHD
$5.8B
| $40.2M | 0.01% |
999,455
+30,718
| +3% | +$1.54M |
|
1281
Credicorp
BAP
$29.6B
| $40.2M | 0.01% |
336,931
+35,387
| +12% | +$4.86M |
|
1282
Howard Hughes
HHH
$3.98B
| $40.2M | 0.01% |
619,112
-42,015
| -6% | -$3.45M |
|
1283
Minerals Technologies
MTX
$2.25B
| $40.1M | 0.01% |
653,966
+51,515
| +9% | +$3.29M |
|
|
CVET
1284
DELISTED
Covetrus, Inc. Common Stock
CVET
| $40M | 0.01% |
1,929,096
+22,209
| +1% | +$395K |
|
1285
United Natural Foods
UNFI
$2.9B
| $39.7M | 0.01% |
1,006,664
+10,275
| +1% | +$432K |
|
1286
Moog Inc Class A
MOG.A
$13.6B
| $39.6M | 0.01% |
498,520
-7,988
| -2% | -$647K |
|
1287
Medifast
MED
$130M
| $39.5M | 0.01% |
218,939
+19,684
| +10% | +$3.52M |
|
1288
Chesapeake Utilities
CPK
$3.25B
| $39.5M | 0.01% |
304,932
+154
| +0.1% | +$20.1K |
|
1289
Qiagen
QGEN
$8.88B
| $39.1M | 0.01% |
781,869
-16,660
| -2% | -$813K |
|
1290
Trupanion
TRUP
$1.33B
| $39M | 0.01% |
647,812
+2,378
| +0.4% | +$162K |
|
1291
First Hawaiian
FHB
$3.36B
| $39M | 0.01% |
1,716,098
-23,917
| -1% | -$600K |
|
1292
Arcosa
ACA
$7.12B
| $38.9M | 0.01% |
838,163
-7,167
| -0.8% | -$376K |
|
|
THS
1293
DELISTED
Treehouse Foods
THS
| $38.9M | 0.01% |
930,211
-21,666
| -2% | -$795K |
|
1294
Corcept Therapeutics
CORT
$12.1B
| $38.7M | 0.01% |
1,629,477
-37,403
| -2% | -$815K |
|
1295
Warner Music
WMG
$13B
| $38.6M | 0.01% |
1,585,803
+56,934
| +4% | +$1.7M |
|
1296
Plexus
PLXS
$7.25B
| $38.5M | 0.01% |
490,899
-12,848
| -3% | -$1.04M |
|
1297
Alpha Metallurgical Resources
AMR
$2.02B
| $38.5M | 0.01% |
298,419
+151,049
| +102% | +$22.8M |
|
1298
Herc Holdings
HRI
$5.63B
| $38.4M | 0.01% |
426,018
+3,498
| +0.8% | +$420K |
|
1299
Herbalife
HLF
$1.23B
| $38.4M | 0.01% |
1,877,308
+549,378
| +41% | +$13.6M |
|
1300
Verra Mobility
VRRM
$714M
| $38.4M | 0.01% |
2,441,828
-72,154
| -3% | -$1.1M |
|
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.