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 | |
|---|---|---|---|---|---|---|
1476
ICF International
ICFI
$1.61B
| $30.1M | ﹤0.01% |
316,993
-5,554
| -2% | -$539K |
|
1477
Park National Corp
PRK
$3.72B
| $30.1M | ﹤0.01% |
248,315
-1,041
| -0.4% | -$125K |
|
1478
MYR Group
MYRG
$5.18B
| $30M | ﹤0.01% |
340,312
+24,870
| +8% | +$2.18M |
|
1479
Global Net Lease
GNL
$1.9B
| $29.9M | ﹤0.01% |
2,109,900
-11,998
| -0.6% | -$172K |
|
|
TWO
1480
Two Harbors Investment
TWO
$1.27B
| $29.8M | ﹤0.01% |
1,495,976
-44,201
| -3% | -$894K |
|
|
HTO
1481
H2O America
HTO
$2.62B
| $29.8M | ﹤0.01% |
476,962
-2,481
| -0.5% | -$153K |
|
1482
Stock Yards Bancorp
SYBT
$2.64B
| $29.7M | ﹤0.01% |
496,700
+52,335
| +12% | +$2.92M |
|
|
CTEV
1483
Claritev Corp
CTEV
$599M
| $29.6M | ﹤0.01% |
134,905
+19,479
| +17% | +$3.85M |
|
|
JWN
1484
DELISTED
Nordstrom
JWN
| $29.5M | ﹤0.01% |
1,398,372
-11,870
| -0.8% | -$303K |
|
1485
Strategic Education
STRA
$1.81B
| $29.5M | ﹤0.01% |
417,330
-6,183
| -1% | -$410K |
|
|
DOOR
1486
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $29.4M | ﹤0.01% |
383,299
-20,518
| -5% | -$1.69M |
|
1487
Provident Financial Services
PFS
$3.24B
| $29.4M | ﹤0.01% |
1,321,008
-18,587
| -1% | -$416K |
|
1488
Lakeland Financial Corp
LKFN
$1.55B
| $29.3M | ﹤0.01% |
440,871
-18,446
| -4% | -$1.32M |
|
1489
Enpro
NPO
$7.23B
| $29.2M | ﹤0.01% |
356,899
+3,871
| +1% | +$361K |
|
1490
Xencor
XNCR
$1.72B
| $29.2M | ﹤0.01% |
1,067,394
+35,578
| +3% | +$878K |
|
1491
Iovance Biotherapeutics
IOVA
$3.05B
| $29.1M | ﹤0.01% |
2,639,889
+741,702
| +39% | +$9.72M |
|
1492
Leslie's
LESL
$12.4M
| $29M | ﹤0.01% |
95,679
-1,220
| -1% | -$456K |
|
1493
Renasant Corp
RNST
$3.96B
| $28.9M | ﹤0.01% |
1,004,793
-12,724
| -1% | -$389K |
|
1494
AdaptHealth
AHCO
$770M
| $28.9M | ﹤0.01% |
1,603,980
+91,560
| +6% | +$1.49M |
|
|
B
1495
DELISTED
Barnes Group Inc.
B
| $28.9M | ﹤0.01% |
928,128
+88,443
| +11% | +$3.08M |
|
1496
Kontoor Brands
KTB
$4.51B
| $28.8M | ﹤0.01% |
862,762
+22,812
| +3% | +$886K |
|
1497
NBT Bancorp
NBTB
$2.78B
| $28.8M | ﹤0.01% |
764,896
-6,406
| -0.8% | -$232K |
|
1498
Acadia Realty Trust
AKR
$2.84B
| $28.7M | ﹤0.01% |
1,840,576
+100,210
| +6% | +$1.93M |
|
1499
Stride
LRN
$3.27B
| $28.7M | ﹤0.01% |
703,310
-42,278
| -6% | -$1.57M |
|
1500
Ginkgo Bioworks
DNA
$486M
| $28.6M | ﹤0.01% |
300,519
+55,521
| +23% | +$6.77M |
|
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.