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 | |
|---|---|---|---|---|---|---|
1951
Utz Brands
UTZ
$1.25B
| $15.5M | ﹤0.01% |
1,120,023
+78,347
| +8% | +$1.09M |
|
|
INVX
1952
Innovex International
INVX
$2.16B
| $15.4M | ﹤0.01% |
597,632
-27,178
| -4% | -$828K |
|
1953
Apogee Enterprises
APOG
$893M
| $15.4M | ﹤0.01% |
392,400
-51,019
| -12% | -$2.18M |
|
1954
Simulations Plus
SLP
$370M
| $15.3M | ﹤0.01% |
310,582
+22,674
| +8% | +$1.07M |
|
1955
Harmonic Inc
HLIT
$1.41B
| $15.3M | ﹤0.01% |
1,766,293
-63,802
| -3% | -$574K |
|
1956
A10 Networks
ATEN
$1.98B
| $15.3M | ﹤0.01% |
1,064,166
+45,744
| +4% | +$663K |
|
|
LFG
1957
DELISTED
Archaea Energy Inc.
LFG
| $15.3M | ﹤0.01% |
984,498
+639,971
| +186% | +$13M |
|
|
GOOD
1958
Gladstone Commercial Corp
GOOD
$637M
| $15.3M | ﹤0.01% |
810,039
+15,653
| +2% | +$318K |
|
|
BRSL
1959
Brightstar Lottery PLC
BRSL
$2.16B
| $15.3M | ﹤0.01% |
822,297
+35,978
| +5% | +$767K |
|
|
MODN
1960
DELISTED
MODEL N, INC.
MODN
| $15.3M | ﹤0.01% |
596,246
-7,436
| -1% | -$185K |
|
|
AVTA
1961
DELISTED
Avantax, Inc. Common Stock
AVTA
| $15.2M | ﹤0.01% |
825,677
-42,134
| -5% | -$766K |
|
1962
Construction Partners
ROAD
$6.79B
| $15.2M | ﹤0.01% |
727,755
+28,573
| +4% | +$675K |
|
1963
Abercrombie & Fitch
ANF
$4.85B
| $15.1M | ﹤0.01% |
895,235
-100,062
| -10% | -$2.76M |
|
|
KAMN
1964
DELISTED
Kaman Corp
KAMN
| $15.1M | ﹤0.01% |
484,602
-2,116
| -0.4% | -$78.5K |
|
1965
Transmedics
TMDX
$3.06B
| $15.1M | ﹤0.01% |
481,373
-1,925
| -0.4% | -$51.3K |
|
1966
Varex Imaging
VREX
$780M
| $15.1M | ﹤0.01% |
706,917
+19,341
| +3% | +$411K |
|
1967
Washington Trust Bancorp
WASH
$765M
| $15.1M | ﹤0.01% |
312,352
+11,612
| +4% | +$567K |
|
|
PYCR
1968
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $15.1M | ﹤0.01% |
580,772
+1,765
| +0.3% | +$45K |
|
1969
Nicolet Bankshares
NIC
$3.74B
| $15M | ﹤0.01% |
207,983
-9,429
| -4% | -$763K |
|
1970
ProPetro Holding
PUMP
$1.43B
| $15M | ﹤0.01% |
1,497,442
+23,249
| +2% | +$306K |
|
1971
Pan American Silver
PAAS
$19.9B
| $15M | ﹤0.01% |
764,631
+22,254
| +3% | +$533K |
|
|
RETA
1972
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $14.9M | ﹤0.01% |
491,865
+40,943
| +9% | +$1.22M |
|
1973
Adtran
ADTN
$662M
| $14.9M | ﹤0.01% |
851,497
-37,932
| -4% | -$687K |
|
|
TGI
1974
DELISTED
Triumph Group
TGI
| $14.9M | ﹤0.01% |
1,119,230
+16,624
| +2% | +$315K |
|
1975
Domo
DOMO
$183M
| $14.9M | ﹤0.01% |
534,849
+5,251
| +1% | +$193K |
|
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.