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 | |
|---|---|---|---|---|---|---|
1876
PAR Technology
PAR
$764M
| $16.8M | ﹤0.01% |
448,335
+9,965
| +2% | +$358K |
|
1877
Innoviva
INVA
$1.51B
| $16.8M | ﹤0.01% |
1,135,880
+132,856
| +13% | +$2.18M |
|
1878
Stem
STEM
$59.6M
| $16.8M | ﹤0.01% |
117,007
+25,606
| +28% | +$4.26M |
|
1879
Allogene Therapeutics
ALLO
$714M
| $16.7M | ﹤0.01% |
1,468,606
+207,355
| +16% | +$1.84M |
|
|
PGTI
1880
DELISTED
PGT, Inc.
PGTI
| $16.7M | ﹤0.01% |
1,004,485
-9,070
| -0.9% | -$163K |
|
1881
Caleres
CAL
$463M
| $16.7M | ﹤0.01% |
636,469
-15,543
| -2% | -$385K |
|
1882
International Seaways
INSW
$4.75B
| $16.6M | ﹤0.01% |
785,060
-2,072
| -0.3% | -$45.5K |
|
|
DMC
1883
Del Monte Corp
DMC
$1.45B
| $16.6M | ﹤0.01% |
562,965
-15,695
| -3% | -$400K |
|
|
RPT
1884
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $16.6M | ﹤0.01% |
1,690,022
-8,199
| -0.5% | -$99.5K |
|
|
IMGN
1885
DELISTED
Immunogen Inc
IMGN
| $16.6M | ﹤0.01% |
3,685,781
+196,412
| +6% | +$853K |
|
1886
Preferred Bank
PFBC
$1.27B
| $16.6M | ﹤0.01% |
243,763
+1,688
| +0.7% | +$116K |
|
1887
Central Garden & Pet Co Class A
CENTA
$2.45B
| $16.6M | ﹤0.01% |
517,956
-4,532
| -0.9% | -$149K |
|
1888
James River Group Holdings
JRVR
$203M
| $16.6M | ﹤0.01% |
668,331
+31,085
| +5% | +$760K |
|
1889
Columbia Financial
CLBK
$1.2B
| $16.6M | ﹤0.01% |
759,257
-30,261
| -4% | -$631K |
|
|
KYNB
1890
Kyntra Bio
KYNB
$28.7M
| $16.5M | ﹤0.01% |
62,496
-927
| -1% | -$237K |
|
1891
Gildan
GIL
$10.5B
| $16.5M | ﹤0.01% |
567,944
+10,012
| +2% | +$320K |
|
1892
Banc of California
BANC
$3.13B
| $16.5M | ﹤0.01% |
934,393
-621
| -0.1% | -$11.3K |
|
1893
CVR Energy
CVI
$3.45B
| $16.5M | ﹤0.01% |
491,364
-24,666
| -5% | -$787K |
|
1894
Unitil
UTL
$997M
| $16.4M | ﹤0.01% |
280,075
+3,988
| +1% | +$215K |
|
1895
Adaptive Biotechnologies
ADPT
$4.02B
| $16.4M | ﹤0.01% |
2,030,385
+615,970
| +44% | +$5.42M |
|
|
EQRX
1896
DELISTED
EQRx, Inc. Common Stock
EQRX
| $16.4M | ﹤0.01% |
3,500,934
+1,175,790
| +51% | +$5.3M |
|
|
PFC
1897
DELISTED
Premier Financial Corp. Common Stock
PFC
| $16.4M | ﹤0.01% |
647,609
-21,940
| -3% | -$592K |
|
|
HEES
1898
DELISTED
H&E Equipment Services
HEES
| $16.4M | ﹤0.01% |
566,619
-10,087
| -2% | -$354K |
|
|
WOW
1899
DELISTED
WideOpenWest
WOW
| $16.4M | ﹤0.01% |
900,710
+218
| +0% | +$4.38K |
|
1900
Enanta Pharmaceuticals
ENTA
$398M
| $16.4M | ﹤0.01% |
346,272
-6,444
| -2% | -$350K |
|
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.