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 | |
|---|---|---|---|---|---|---|
2051
AngioDynamics
ANGO
$644M
| $13.3M | ﹤0.01% |
685,139
+1,631
| +0.2% | +$33.4K |
|
2052
Polestar Automotive Holding UK
PSNY
$2B
| $13.2M | ﹤0.01% |
+50,088
| New | +$16.1M |
|
2053
Xometry
XMTR
$5.45B
| $13.2M | ﹤0.01% |
390,089
+97,871
| +33% | +$3.38M |
|
2054
Titan International
TWI
$447M
| $13.2M | ﹤0.01% |
874,338
+8,095
| +0.9% | +$131K |
|
2055
Constellium
CSTM
$3.98B
| $13.2M | ﹤0.01% |
998,977
-28,116
| -3% | -$449K |
|
|
XM
2056
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
| $13.2M | ﹤0.01% |
1,054,633
+104,076
| +11% | +$1.85M |
|
2057
Autohome
ATHM
$2.6B
| $13.2M | ﹤0.01% |
336,704
-31,226
| -8% | -$972K |
|
2058
Quanex
NX
$981M
| $13.2M | ﹤0.01% |
579,109
+888
| +0.2% | +$18.5K |
|
2059
Amerant Bancorp
AMTB
$1.14B
| $13.2M | ﹤0.01% |
468,436
+24,264
| +5% | +$688K |
|
|
ABTX
2060
DELISTED
Allegiance Bancshares
ABTX
| $13.2M | ﹤0.01% |
348,377
-456
| -0.1% | -$18.3K |
|
2061
John B. Sanfilippo & Son
JBSS
$1B
| $13.1M | ﹤0.01% |
181,401
+17,991
| +11% | +$1.37M |
|
2062
Anavex Life Sciences
AVXL
$299M
| $13.1M | ﹤0.01% |
1,312,222
+4,385
| +0.3% | +$41.5K |
|
|
LGF.A
2063
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $13.1M | ﹤0.01% |
1,409,952
-38,843
| -3% | -$474K |
|
2064
Designer Brands
DBI
$315M
| $13.1M | ﹤0.01% |
1,004,626
-35,695
| -3% | -$514K |
|
2065
Legend Biotech
LEGN
$3.96B
| $13.1M | ﹤0.01% |
239,316
+9,775
| +4% | +$413K |
|
|
WNS
2066
DELISTED
WNS Holdings
WNS
| $13M | ﹤0.01% |
174,699
+2,500
| +1% | +$191K |
|
2067
GoPro
GPRO
$118M
| $13M | ﹤0.01% |
2,356,504
+108,613
| +5% | +$794K |
|
|
CANO
2068
DELISTED
Cano Health, Inc.
CANO
| $13M | ﹤0.01% |
29,751
+14,339
| +93% | +$7.48M |
|
|
HA
2069
DELISTED
Hawaiian Holdings, Inc.
HA
| $13M | ﹤0.01% |
910,386
-36,112
| -4% | -$603K |
|
2070
Cimpress
CMPR
$2.36B
| $13M | ﹤0.01% |
333,865
+3,552
| +1% | +$173K |
|
|
ARR
2071
Armour Residential REIT
ARR
$2.38B
| $13M | ﹤0.01% |
368,792
+93,308
| +34% | +$3.46M |
|
2072
Interface
TILE
$2.24B
| $13M | ﹤0.01% |
1,033,842
-18,002
| -2% | -$239K |
|
2073
Bank of N.T. Butterfield & Son
NTB
$2.5B
| $13M | ﹤0.01% |
415,366
-845
| -0.2% | -$27K |
|
|
HSII
2074
DELISTED
Heidrick & Struggles
HSII
| $12.9M | ﹤0.01% |
399,085
+43,805
| +12% | +$1.5M |
|
2075
Green Brick Partners
GRBK
$3.02B
| $12.9M | ﹤0.01% |
659,759
-34,276
| -5% | -$719K |
|
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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.