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 | |
|---|---|---|---|---|---|---|
|
RWT
1926
Redwood Trust
RWT
$598M
| $15.9M | ﹤0.01% |
2,064,357
+77,775
| +4% | +$715K |
|
1927
Orion
OEC
$365M
| $15.9M | ﹤0.01% |
1,024,097
+3,188
| +0.3% | +$53.4K |
|
|
BRMK
1928
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $15.9M | ﹤0.01% |
2,368,819
-33,261
| -1% | -$251K |
|
1929
Heritage Financial
HFWA
$1.22B
| $15.9M | ﹤0.01% |
631,658
-5,493
| -0.9% | -$137K |
|
|
WCN
1930
Waste Connections
WCN
$41.6B
| $15.9M | ﹤0.01% |
125,967
+37,694
| +43% | +$4.89M |
|
1931
Crinetics Pharmaceuticals
CRNX
$8.97B
| $15.9M | ﹤0.01% |
850,938
+110,553
| +15% | +$2.21M |
|
1932
Health Catalyst
HCAT
$132M
| $15.9M | ﹤0.01% |
1,095,062
+111,550
| +11% | +$1.9M |
|
1933
Atlanta Braves Holdings Series B
BATRK
$3.45B
| $15.8M | ﹤0.01% |
659,318
-26,625
| -4% | -$673K |
|
1934
Energy Recovery
ERII
$385M
| $15.8M | ﹤0.01% |
814,636
+97,262
| +14% | +$1.89M |
|
1935
AMC Global Media
AMCX
$500M
| $15.7M | ﹤0.01% |
540,835
+16,488
| +3% | +$582K |
|
1936
Usana Health Sciences
USNA
$257M
| $15.7M | ﹤0.01% |
217,656
+13,416
| +7% | +$999K |
|
1937
CNA Financial
CNA
$13.8B
| $15.7M | ﹤0.01% |
349,964
+13,562
| +4% | +$622K |
|
|
OLO
1938
DELISTED
Olo Inc
OLO
| $15.7M | ﹤0.01% |
1,591,339
+1,095,046
| +221% | +$11.9M |
|
|
UHT
1939
Universal Health Realty Income Trust
UHT
$577M
| $15.7M | ﹤0.01% |
295,013
+29,491
| +11% | +$1.56M |
|
1940
Origin Bancorp
OBK
$1.69B
| $15.7M | ﹤0.01% |
403,604
+10,111
| +3% | +$398K |
|
|
RDUS
1941
DELISTED
Radius Recycling
RDUS
| $15.7M | ﹤0.01% |
476,750
-10,101
| -2% | -$431K |
|
1942
New Oriental
EDU
$8.36B
| $15.6M | ﹤0.01% |
769,988
-160,327
| -17% | -$2.2M |
|
1943
XPEL
XPEL
$1.36B
| $15.6M | ﹤0.01% |
340,591
+21,933
| +7% | +$1.04M |
|
|
INN
1944
Summit Hotel Properties
INN
$647M
| $15.6M | ﹤0.01% |
2,148,825
-27,251
| -1% | -$240K |
|
|
KREF
1945
KKR Real Estate Finance Trust
KREF
$496M
| $15.6M | ﹤0.01% |
894,666
+153,690
| +21% | +$2.96M |
|
1946
Icon
ICLR
$12.8B
| $15.6M | ﹤0.01% |
71,915
+353
| +0.5% | +$79.2K |
|
1947
PROG Holdings
PRG
$1.68B
| $15.5M | ﹤0.01% |
942,013
-61,978
| -6% | -$1.59M |
|
|
GLDD
1948
DELISTED
Great Lakes Dredge & Dock
GLDD
| $15.5M | ﹤0.01% |
1,185,063
+8,313
| +0.7% | +$118K |
|
|
ONT
1949
Onterris Inc
ONT
$578M
| $15.5M | ﹤0.01% |
458,746
+4,211
| +0.9% | +$176K |
|
1950
Standard Motor Products
SMP
$879M
| $15.5M | ﹤0.01% |
344,127
-1,487
| -0.4% | -$61.8K |
|
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.