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 | |
|---|---|---|---|---|---|---|
1551
StepStone Group
STEP
$3.96B
| $26.6M | ﹤0.01% |
1,021,861
+139,193
| +16% | +$3.79M |
|
1552
Vipshop
VIPS
$6.94B
| $26.6M | ﹤0.01% |
2,697,083
-4,065
| -0.2% | -$35.8K |
|
1553
CoreCivic
CXW
$3.32B
| $26.6M | ﹤0.01% |
2,391,523
+228,505
| +11% | +$2.76M |
|
|
NVEE
1554
DELISTED
NV5 Global
NVEE
| $26.4M | ﹤0.01% |
905,472
-17,856
| -2% | -$535K |
|
1555
ESAB
ESAB
$5.35B
| $26.3M | ﹤0.01% |
+601,871
| New | +$29M |
|
1556
Green Plains
GPRE
$1.06B
| $26.3M | ﹤0.01% |
968,787
+40,446
| +4% | +$1.27M |
|
|
ALEX
1557
DELISTED
Alexander & Baldwin
ALEX
| $26.3M | ﹤0.01% |
1,463,562
+7,969
| +0.5% | +$164K |
|
1558
Cannae Holdings
CNNE
$651M
| $26.3M | ﹤0.01% |
1,358,262
-117,752
| -8% | -$2.47M |
|
1559
Nelnet
NNI
$4.52B
| $26.3M | ﹤0.01% |
308,139
-17,446
| -5% | -$1.45M |
|
1560
Myriad Genetics
MYGN
$309M
| $26.3M | ﹤0.01% |
1,445,292
-2,665
| -0.2% | -$55.3K |
|
|
VIVO
1561
DELISTED
Meridian Bioscience Inc
VIVO
| $26.2M | ﹤0.01% |
861,237
+63,959
| +8% | +$1.73M |
|
|
DVAX
1562
DELISTED
Dynavax Technologies
DVAX
| $26.2M | ﹤0.01% |
2,077,191
+87,419
| +4% | +$929K |
|
1563
CryoPort
CYRX
$750M
| $26.1M | ﹤0.01% |
841,406
+72,685
| +9% | +$1.93M |
|
|
VRTV
1564
DELISTED
VERITIV CORPORATION
VRTV
| $26.1M | ﹤0.01% |
240,089
-3,637
| -1% | -$495K |
|
|
OPTU
1565
Optimum Communications Inc
OPTU
$227M
| $26M | ﹤0.01% |
2,815,493
+67,790
| +2% | +$710K |
|
1566
NMI Holdings
NMIH
$3.38B
| $26M | ﹤0.01% |
1,561,968
+8,027
| +0.5% | +$146K |
|
1567
Shutterstock
SSTK
$208M
| $26M | ﹤0.01% |
453,731
+36,533
| +9% | +$2.45M |
|
1568
Monro
MNRO
$359M
| $26M | ﹤0.01% |
605,513
+3,410
| +0.6% | +$152K |
|
1569
Ligand Pharmaceuticals
LGND
$5.85B
| $25.9M | ﹤0.01% |
466,032
-15,825
| -3% | -$898K |
|
|
NVRO
1570
DELISTED
NEVRO CORP.
NVRO
| $25.9M | ﹤0.01% |
590,974
-9,180
| -2% | -$505K |
|
1571
Emergent Biosolutions
EBS
$233M
| $25.8M | ﹤0.01% |
831,951
+14,304
| +2% | +$488K |
|
1572
Hilltop Holdings
HTH
$2.25B
| $25.8M | ﹤0.01% |
967,389
-95,905
| -9% | -$2.73M |
|
1573
Ingles Markets
IMKTA
$1.66B
| $25.8M | ﹤0.01% |
297,239
+29,334
| +11% | +$2.67M |
|
1574
Veracyte
VCYT
$3.59B
| $25.7M | ﹤0.01% |
1,293,164
+64,003
| +5% | +$1.29M |
|
|
VSXY
1575
Victoria's Secret
VSXY
$7.39B
| $25.7M | ﹤0.01% |
919,205
-3,152
| -0.3% | -$137K |
|
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.