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 | |
|---|---|---|---|---|---|---|
276
Albemarle
ALB
$13.4B
| $472M | 0.07% |
2,261,531
+19,615
| +0.9% | +$4.38M |
|
277
Alexandria Real Estate Equities
ARE
$9.37B
| $471M | 0.07% |
3,255,648
+74,081
| +2% | +$12.6M |
|
|
FITB
278
Fifth Third Bancorp
FITB
$51.3B
| $469M | 0.07% |
13,970,723
+286,638
| +2% | +$10.8M |
|
279
Willis Towers Watson
WTW
$29.8B
| $468M | 0.07% |
2,377,572
-143,027
| -6% | -$30.7M |
|
280
CrowdStrike
CRWD
$183B
| $467M | 0.07% |
11,103,456
+218,060
| +2% | +$9.87M |
|
|
SIVB
281
DELISTED
SVB Financial Group
SIVB
| $466M | 0.07% |
1,181,750
+5,270
| +0.4% | +$2.48M |
|
282
Aptiv
APTV
$12.3B
| $466M | 0.07% |
5,237,497
+109,670
| +2% | +$11.2M |
|
|
DRE
283
DELISTED
Duke Realty Corp.
DRE
| $462M | 0.07% |
8,418,268
+218,934
| +3% | +$12M |
|
284
Church & Dwight Co
CHD
$23.7B
| $461M | 0.07% |
4,982,354
+146,833
| +3% | +$13.9M |
|
285
State Street
STT
$48.4B
| $449M | 0.07% |
7,299,809
+368,605
| +5% | +$26.1M |
|
286
Ventas
VTR
$47.5B
| $449M | 0.07% |
8,748,869
+153,740
| +2% | +$8.61M |
|
287
Ball Corp
BALL
$17.5B
| $448M | 0.07% |
6,523,206
+114,532
| +2% | +$8.69M |
|
288
Rockwell Automation
ROK
$51.1B
| $448M | 0.07% |
2,250,706
+31,874
| +1% | +$7.2M |
|
289
Mid-America Apartment Communities
MAA
$16B
| $445M | 0.07% |
2,551,085
-2,505
| -0.1% | -$466K |
|
290
ON Semiconductor
ON
$30.7B
| $444M | 0.07% |
8,843,224
+2,970,194
| +51% | +$166M |
|
291
Entergy
ETR
$50.3B
| $443M | 0.06% |
7,881,588
+321,862
| +4% | +$18.9M |
|
292
Labcorp
LH
$25.2B
| $442M | 0.06% |
2,196,092
+26,145
| +1% | +$5.57M |
|
|
CTRA
293
DELISTED
Coterra Energy
CTRA
| $440M | 0.06% |
17,097,984
+365,291
| +2% | +$11.1M |
|
294
Tractor Supply
TSCO
$16.3B
| $439M | 0.06% |
11,342,690
-20,385
| -0.2% | -$829K |
|
295
West Pharmaceutical
WST
$23.7B
| $435M | 0.06% |
1,441,523
+12,437
| +0.9% | +$4.05M |
|
296
FirstEnergy
FE
$28.4B
| $430M | 0.06% |
11,223,348
+336,493
| +3% | +$14.4M |
|
297
McCormick & Company Non-Voting
MKC
$14B
| $427M | 0.06% |
5,141,103
+187,485
| +4% | +$17.8M |
|
298
Diamondback Energy
FANG
$56B
| $426M | 0.06% |
3,521,405
-54,785
| -2% | -$7.51M |
|
299
Equifax
EFX
$22B
| $426M | 0.06% |
2,333,002
+20,822
| +0.9% | +$4.17M |
|
300
Cheniere Energy
LNG
$54.2B
| $424M | 0.06% |
3,187,706
-89,263
| -3% | -$12.2M |
|
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 132 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 132 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.