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 | |
|---|---|---|---|---|---|---|
2351
HCI Group
HCI
$2.32B
| $8.7M | ﹤0.01% |
128,346
+4,481
| +4% | +$296K |
|
2352
Mercantile Bank Corp
MBWM
$1.06B
| $8.7M | ﹤0.01% |
272,196
+14,347
| +6% | +$464K |
|
2353
Rackspace Technology
RXT
$1.1B
| $8.67M | ﹤0.01% |
1,209,560
+67,448
| +6% | +$608K |
|
2354
Coherus Oncology
CHRS
$176M
| $8.66M | ﹤0.01% |
1,196,852
+28,796
| +2% | +$250K |
|
2355
Cass Information Systems
CASS
$750M
| $8.63M | ﹤0.01% |
255,305
+17,032
| +7% | +$612K |
|
2356
Invesco Mortgage Capital
IVR
$805M
| $8.63M | ﹤0.01% |
587,720
+110,090
| +23% | +$1.86M |
|
|
NVEI
2357
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $8.61M | ﹤0.01% |
239,122
+3,942
| +2% | +$205K |
|
|
AGEN
2358
Agenus
AGEN
$315M
| $8.6M | ﹤0.01% |
225,972
+29,620
| +15% | +$1.08M |
|
2359
Gossamer Bio
GOSS
$83.3M
| $8.59M | ﹤0.01% |
1,026,055
-3,772
| -0.4% | -$29.2K |
|
2360
The RMR Group
RMR
$346M
| $8.59M | ﹤0.01% |
302,930
-4,909
| -2% | -$141K |
|
|
DSEY
2361
DELISTED
Diversey Holdings, Ltd. Ordinary Shares
DSEY
| $8.58M | ﹤0.01% |
1,300,037
+379,337
| +41% | +$3.19M |
|
2362
Solid Power
SLDP
$545M
| $8.57M | ﹤0.01% |
1,593,624
+477,953
| +43% | +$3.73M |
|
|
SOVO
2363
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $8.56M | ﹤0.01% |
539,153
+10,737
| +2% | +$156K |
|
|
DM
2364
DELISTED
Desktop Metal, Inc.
DM
| $8.55M | ﹤0.01% |
388,598
+58,901
| +18% | +$1.72M |
|
2365
IDEAYA Biosciences
IDYA
$3.53B
| $8.54M | ﹤0.01% |
619,168
+4,558
| +0.7% | +$50.7K |
|
2366
Alphatec Holdings
ATEC
$1.51B
| $8.5M | ﹤0.01% |
1,299,965
-92,543
| -7% | -$853K |
|
2367
Global Industrial
GIC
$1.49B
| $8.48M | ﹤0.01% |
251,260
+900
| +0.4% | +$29.4K |
|
|
EGRX
2368
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $8.43M | ﹤0.01% |
189,848
-15,274
| -7% | -$702K |
|
|
RDUS
2369
DELISTED
Radius Health, Inc.
RDUS
| $8.39M | ﹤0.01% |
808,808
-47,114
| -6% | -$350K |
|
2370
Warby Parker
WRBY
$3.2B
| $8.38M | ﹤0.01% |
744,267
+646,633
| +662% | +$13M |
|
2371
Microvast
MVST
$341M
| $8.38M | ﹤0.01% |
3,773,528
+1,468,880
| +64% | +$6.31M |
|
|
JOYY
2372
JOYY Inc
JOYY
$3.64B
| $8.36M | ﹤0.01% |
281,089
+4,519
| +2% | +$166K |
|
2373
Ocugen
OCGN
$458M
| $8.35M | ﹤0.01% |
3,679,106
+835,005
| +29% | +$2M |
|
|
UDMY
2374
DELISTED
Udemy
UDMY
| $8.35M | ﹤0.01% |
817,880
+497,323
| +155% | +$6.02M |
|
2375
Core Laboratories
CLB
$569M
| $8.34M | ﹤0.01% |
420,985
+29,492
| +8% | +$783K |
|
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.