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 | |
|---|---|---|---|---|---|---|
|
BFS
2101
Saul Centers
BFS
$858M
| $12.4M | ﹤0.01% |
262,847
-7,766
| -3% | -$383K |
|
|
BRSP
2102
BrightSpire Capital
BRSP
$629M
| $12.4M | ﹤0.01% |
1,639,685
+58,749
| +4% | +$498K |
|
2103
FIGS
FIGS
$2.45B
| $12.4M | ﹤0.01% |
1,357,494
+753,417
| +125% | +$9.61M |
|
2104
Nektar Therapeutics
NKTR
$2.57B
| $12.4M | ﹤0.01% |
216,931
+53,367
| +33% | +$3.37M |
|
2105
Clear Secure
YOU
$4.69B
| $12.4M | ﹤0.01% |
617,923
+491,274
| +388% | +$13.3M |
|
|
SNBR
2106
DELISTED
Sleep Number
SNBR
| $12.4M | ﹤0.01% |
399,234
-15,686
| -4% | -$666K |
|
|
RNAM
2107
DELISTED
Avidity Biosciences
RNAM
| $12.3M | ﹤0.01% |
848,701
+111,605
| +15% | +$1.66M |
|
2108
First Advantage
FA
$3.79B
| $12.3M | ﹤0.01% |
972,581
+54,513
| +6% | +$861K |
|
2109
Par Pacific Holdings
PARR
$4.06B
| $12.3M | ﹤0.01% |
790,442
+3,076
| +0.4% | +$48.4K |
|
2110
Cytek Biosciences
CTKB
$636M
| $12.3M | ﹤0.01% |
1,145,470
+224,330
| +24% | +$2.23M |
|
2111
Planet Labs
PL
$8.87B
| $12.3M | ﹤0.01% |
2,837,655
+1,283,490
| +83% | +$6.63M |
|
|
TSP
2112
DELISTED
TuSimple Holdings Inc. Class A Common Stock
TSP
| $12.3M | ﹤0.01% |
1,698,686
+749,757
| +79% | +$6.82M |
|
2113
TFS Financial
TFSL
$4.93B
| $12.3M | ﹤0.01% |
894,308
+1,996
| +0.2% | +$29.4K |
|
|
ONL
2114
Orion Office REIT
ONL
$159M
| $12.3M | ﹤0.01% |
1,118,441
+273,153
| +32% | +$3.53M |
|
2115
Recursion Pharmaceuticals
RXRX
$1.79B
| $12.3M | ﹤0.01% |
1,505,996
+212,240
| +16% | +$1.42M |
|
2116
Heartland Express
HTLD
$989M
| $12.2M | ﹤0.01% |
879,732
-865
| -0.1% | -$11.9K |
|
2117
Lyell Immunopharma
LYEL
$342M
| $12.2M | ﹤0.01% |
93,804
+21,092
| +29% | +$2.16M |
|
2118
Hawkins
HWKN
$2.7B
| $12.2M | ﹤0.01% |
338,746
+3,421
| +1% | +$129K |
|
|
MCHB
2119
Mechanics Bancorp
MCHB
$3.79B
| $12.2M | ﹤0.01% |
351,017
-27,813
| -7% | -$1.12M |
|
2120
Alignment Healthcare
ALHC
$2.82B
| $12.1M | ﹤0.01% |
1,064,268
+39,187
| +4% | +$413K |
|
2121
Lightwave Logic
LWLG
$1.18B
| $12.1M | ﹤0.01% |
1,856,694
+945,675
| +104% | +$8.22M |
|
|
MRC
2122
DELISTED
MRC Global
MRC
| $12.1M | ﹤0.01% |
1,219,030
-8,619
| -0.7% | -$95.7K |
|
2123
Arcutis Biotherapeutics
ARQT
$3.27B
| $12.1M | ﹤0.01% |
568,666
+59,285
| +12% | +$1.22M |
|
2124
Genco Shipping & Trading
GNK
$1.12B
| $12.1M | ﹤0.01% |
626,977
+24,903
| +4% | +$561K |
|
|
NAPA
2125
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
| $12.1M | ﹤0.01% |
573,525
+28,496
| +5% | +$559K |
|
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.