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 | |
|---|---|---|---|---|---|---|
2301
Midland States Bancorp
MSBI
$698M
| $9.33M | ﹤0.01% |
387,942
+17,041
| +5% | +$444K |
|
2302
Theravance Biopharma
TBPH
$878M
| $9.31M | ﹤0.01% |
1,027,664
+17,501
| +2% | +$161K |
|
|
HCP
2303
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $9.3M | ﹤0.01% |
316,034
+171,374
| +118% | +$6.91M |
|
2304
Argan
AGX
$7.84B
| $9.29M | ﹤0.01% |
249,035
-3,912
| -2% | -$150K |
|
2305
RE/MAX Holdings
RMAX
$265M
| $9.28M | ﹤0.01% |
378,507
-872
| -0.2% | -$21.2K |
|
|
NVTA
2306
DELISTED
Invitae Corporation
NVTA
| $9.26M | ﹤0.01% |
3,796,660
+545,526
| +17% | +$2.41M |
|
|
GPMT
2307
Granite Point Mortgage Trust
GPMT
$58.8M
| $9.25M | ﹤0.01% |
966,475
+27,735
| +3% | +$283K |
|
|
DENN
2308
DELISTED
Denny's
DENN
| $9.25M | ﹤0.01% |
1,065,269
-40,094
| -4% | -$442K |
|
|
SWI
2309
DELISTED
SolarWinds Corporation Common Stock
SWI
| $9.24M | ﹤0.01% |
902,042
+333,938
| +59% | +$3.96M |
|
2310
Frontline
FRO
$9.02B
| $9.24M | ﹤0.01% |
1,043,111
+21,618
| +2% | +$196K |
|
2311
QuinStreet
QNST
$1.19B
| $9.21M | ﹤0.01% |
915,492
+37,890
| +4% | +$398K |
|
2312
Corsair Gaming
CRSR
$1.45B
| $9.19M | ﹤0.01% |
699,607
+164,179
| +31% | +$2.68M |
|
|
OLP
2313
One Liberty Properties
OLP
$537M
| $9.18M | ﹤0.01% |
353,384
-852
| -0.2% | -$23.6K |
|
|
RUTH
2314
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $9.14M | ﹤0.01% |
562,192
-13,383
| -2% | -$257K |
|
2315
Riot Platforms
RIOT
$7.21B
| $9.12M | ﹤0.01% |
2,176,524
+406,419
| +23% | +$3.77M |
|
|
CYXT
2316
DELISTED
Cyxtera Technologies, Inc. Class A Common Stock
CYXT
| $9.12M | ﹤0.01% |
803,857
+446,244
| +125% | +$5.75M |
|
|
ORC
2317
Orchid Island Capital
ORC
$1.32B
| $9.11M | ﹤0.01% |
639,463
+105,650
| +20% | +$1.57M |
|
2318
SIGA Technologies
SIGA
$207M
| $9.1M | ﹤0.01% |
785,974
-28,018
| -3% | -$252K |
|
|
OSG
2319
Octave Specialty Group
OSG
$212M
| $9.09M | ﹤0.01% |
801,239
+58,328
| +8% | +$554K |
|
2320
Children's Place
PLCE
$53.4M
| $9.09M | ﹤0.01% |
233,606
-14,247
| -6% | -$670K |
|
|
SRDX
2321
DELISTED
Surmodics
SRDX
| $9.09M | ﹤0.01% |
244,035
+1,816
| +0.7% | +$70.4K |
|
|
HNGR
2322
DELISTED
Hanger Inc.
HNGR
| $9.07M | ﹤0.01% |
633,373
-3,597
| -0.6% | -$58.3K |
|
2323
Peapack-Gladstone Financial
PGC
$822M
| $9.06M | ﹤0.01% |
305,134
+3,564
| +1% | +$114K |
|
2324
SFL Corp
SFL
$1.61B
| $9.06M | ﹤0.01% |
954,995
-64,472
| -6% | -$671K |
|
|
PNT
2325
DELISTED
POINT Biopharma Global Inc. Common Stock
PNT
| $9.05M | ﹤0.01% |
1,328,543
+628,860
| +90% | +$4.81M |
|
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.