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 | |
|---|---|---|---|---|---|---|
1526
Winnebago Industries
WGO
$915M
| $27.7M | ﹤0.01% |
569,474
+14,308
| +3% | +$739K |
|
|
CNR
1527
Core Natural Resources Inc
CNR
$4.71B
| $27.6M | ﹤0.01% |
559,673
-10,504
| -2% | -$511K |
|
|
OSH
1528
DELISTED
Oak Street Health, Inc.
OSH
| $27.6M | ﹤0.01% |
1,680,885
+185,137
| +12% | +$3.6M |
|
1529
Virtu Financial
VIRT
$5.04B
| $27.6M | ﹤0.01% |
1,179,313
+4,887
| +0.4% | +$140K |
|
1530
Adeia
ADEA
$3.1B
| $27.5M | ﹤0.01% |
7,215,702
+2,525
| +0% | +$10.6K |
|
1531
Pegasystems
PEGA
$5.15B
| $27.5M | ﹤0.01% |
1,150,874
-12,332
| -1% | -$369K |
|
|
NXRT
1532
NexPoint Residential Trust
NXRT
$631M
| $27.5M | ﹤0.01% |
440,327
-3,420
| -0.8% | -$260K |
|
1533
Knowles
KN
$3.33B
| $27.5M | ﹤0.01% |
1,586,400
+34,549
| +2% | +$649K |
|
1534
QuantumScape Corp
QS
$3.92B
| $27.5M | ﹤0.01% |
3,197,891
+190,258
| +6% | +$2.54M |
|
1535
Middlesex Water
MSEX
$1.1B
| $27.4M | ﹤0.01% |
312,875
-1,174
| -0.4% | -$105K |
|
1536
Laureate Education
LAUR
$5.1B
| $27.4M | ﹤0.01% |
2,370,766
+217,258
| +10% | +$2.57M |
|
1537
Warrior Met Coal
HCC
$5.11B
| $27.4M | ﹤0.01% |
893,605
+4,434
| +0.5% | +$154K |
|
1538
Wolverine World Wide
WWW
$1.48B
| $27.2M | ﹤0.01% |
1,351,047
-34,119
| -2% | -$708K |
|
|
GCP
1539
DELISTED
GCP Applied Technologies Inc.
GCP
| $27.2M | ﹤0.01% |
870,511
-170,251
| -16% | -$5.31M |
|
1540
Telephone and Data Systems
TDS
$3.82B
| $27.2M | ﹤0.01% |
1,722,645
-11,795
| -0.7% | -$211K |
|
1541
Supernus Pharmaceuticals
SUPN
$2.78B
| $27.2M | ﹤0.01% |
939,141
+9,134
| +1% | +$262K |
|
1542
Eagle Bancorp
EGBN
$877M
| $27.1M | ﹤0.01% |
572,411
+2,123
| +0.4% | +$107K |
|
|
VSTO
1543
DELISTED
Vista Outdoor Inc.
VSTO
| $27.1M | ﹤0.01% |
972,536
-8,230
| -0.8% | -$294K |
|
1544
Triumph Financial Inc
TFIN
$1.83B
| $27.1M | ﹤0.01% |
433,018
+5,460
| +1% | +$387K |
|
1545
Cinemark Holdings
CNK
$4.32B
| $27.1M | ﹤0.01% |
1,802,340
-72,463
| -4% | -$1.15M |
|
1546
US Physical Therapy
USPH
$1.22B
| $27M | ﹤0.01% |
247,128
+18,205
| +8% | +$1.93M |
|
|
NEX
1547
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $26.9M | ﹤0.01% |
2,824,892
-6,160
| -0.2% | -$64.6K |
|
1548
Liberty Energy
LBRT
$3.52B
| $26.7M | ﹤0.01% |
2,095,025
+379,947
| +22% | +$5.96M |
|
1549
PRA Group
PRAA
$737M
| $26.7M | ﹤0.01% |
735,006
-50,958
| -6% | -$2.02M |
|
1550
Westamerica Bancorp
WABC
$1.38B
| $26.7M | ﹤0.01% |
479,350
-5,736
| -1% | -$336K |
|
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.