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 | |
|---|---|---|---|---|---|---|
1651
Chefs' Warehouse
CHEF
$4.53B
| $23.5M | ﹤0.01% |
604,612
+4,004
| +0.7% | +$141K |
|
1652
GrafTech
EAF
$201M
| $23.5M | ﹤0.01% |
332,412
-8,884
| -3% | -$774K |
|
1653
Stewart Information Services
STC
$2B
| $23.4M | ﹤0.01% |
470,909
+5,374
| +1% | +$288K |
|
1654
Gibraltar Industries
ROCK
$1.46B
| $23.4M | ﹤0.01% |
603,901
+19,788
| +3% | +$807K |
|
1655
Asana
ASAN
$2.07B
| $23.4M | ﹤0.01% |
1,331,082
-24,322
| -2% | -$612K |
|
1656
Sphere Entertainment
SPHR
$6.29B
| $23.4M | ﹤0.01% |
444,655
-10,249
| -2% | -$692K |
|
1657
Coursera
COUR
$1.48B
| $23.4M | ﹤0.01% |
1,649,600
+322,682
| +24% | +$5.75M |
|
1658
Oxford Industries
OXM
$538M
| $23.3M | ﹤0.01% |
262,920
-12,892
| -5% | -$1.16M |
|
1659
Liberty Latin America Class C
LILAK
$1.67B
| $23.3M | ﹤0.01% |
3,288,220
+137,776
| +4% | +$1.14M |
|
|
VRE
1660
DELISTED
Veris Residential
VRE
| $23.2M | ﹤0.01% |
1,752,941
+20,836
| +1% | +$322K |
|
1661
Carpenter Technology
CRS
$26.3B
| $23.2M | ﹤0.01% |
831,475
-10,400
| -1% | -$370K |
|
1662
Capitol Federal Financial
CFFN
$1.1B
| $23.2M | ﹤0.01% |
2,526,277
+38,658
| +2% | +$382K |
|
1663
TTM Technologies
TTMI
$14.5B
| $23M | ﹤0.01% |
1,842,579
-23,283
| -1% | -$322K |
|
1664
First Bancorp
FBNC
$2.72B
| $23M | ﹤0.01% |
659,557
-3,788
| -0.6% | -$141K |
|
1665
Driven Brands
DRVN
$2.05B
| $23M | ﹤0.01% |
835,659
-5,539
| -0.7% | -$151K |
|
1666
Agilon Health
AGL
$1.45B
| $23M | ﹤0.01% |
42,133
+2,425
| +6% | +$1.23M |
|
1667
SkinHealth Systems
SKIN
$84.2M
| $22.9M | ﹤0.01% |
1,781,615
+146,304
| +9% | +$1.96M |
|
1668
Granite Construction
GVA
$5.52B
| $22.9M | ﹤0.01% |
785,744
+7,128
| +0.9% | +$221K |
|
1669
Cheesecake Factory
CAKE
$5.84B
| $22.9M | ﹤0.01% |
866,611
+11,393
| +1% | +$379K |
|
1670
Healthcare Services Group
HCSG
$1.43B
| $22.9M | ﹤0.01% |
1,315,027
+41,404
| +3% | +$714K |
|
1671
Harmony Biosciences
HRMY
$2.32B
| $22.9M | ﹤0.01% |
468,819
+27,205
| +6% | +$1.22M |
|
1672
Century Communities
CCS
$2B
| $22.8M | ﹤0.01% |
507,900
-5,886
| -1% | -$297K |
|
1673
Revolution Medicines
RVMD
$44B
| $22.7M | ﹤0.01% |
1,165,758
+44,817
| +4% | +$872K |
|
1674
PennyMac Financial
PFSI
$4B
| $22.7M | ﹤0.01% |
518,995
-12,885
| -2% | -$609K |
|
1675
Celldex Therapeutics
CLDX
$3.52B
| $22.7M | ﹤0.01% |
841,124
-14,389
| -2% | -$418K |
|
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.