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 |
Apple
AAPL
|
+$4.57B |
| 2 |
Microsoft
MSFT
|
+$1.4B |
| 3 |
NVIDIA
NVDA
|
+$1.36B |
| 4 |
Amazon
AMZN
|
+$1.19B |
| 5 |
Broadcom
AVGO
|
+$1.13B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WRK
WestRock Company
WRK
|
+$316M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$187M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$159M |
| 4 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$139M |
| 5 |
Cadence Design Systems
CDNS
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.03% |
| 2 | Financials | 12.84% |
| 3 | Healthcare | 11.54% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Industrials | 8.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2701
Intrepid Potash
IPI
$469M
| $5.56M | ﹤0.01% |
231,594
+1,732
| +0.8% | +$41.2K |
|
2702
RUM Group Inc
RUM
$1.76B
| $5.55M | ﹤0.01% |
1,035,718
+130,956
| +14% | +$771K |
|
|
TSVT
2703
DELISTED
2seventy bio
TSVT
| $5.55M | ﹤0.01% |
1,176,244
+13,144
| +1% | +$59.3K |
|
2704
Lyell Immunopharma
LYEL
$360M
| $5.55M | ﹤0.01% |
200,998
+395
| +0.2% | +$11.6K |
|
2705
Groupon
GRPN
$1.02B
| $5.54M | ﹤0.01% |
566,612
+1,498
| +0.3% | +$20.1K |
|
2706
Monte Rosa Therapeutics
GLUE
$1.35B
| $5.54M | ﹤0.01% |
1,044,689
+197,247
| +23% | +$996K |
|
2707
Lexicon Pharmaceuticals
LXRX
$1.1B
| $5.53M | ﹤0.01% |
3,523,971
+273,436
| +8% | +$487K |
|
2708
Backblaze
BLZE
$1.16B
| $5.53M | ﹤0.01% |
864,562
+21,593
| +3% | +$134K |
|
2709
Icahn Enterprises
IEP
$5.3B
| $5.52M | ﹤0.01% |
408,157
+12,421
| +3% | +$188K |
|
2710
Mama's Creations
MAMA
$833M
| $5.52M | ﹤0.01% |
755,491
+53,850
| +8% | +$414K |
|
2711
BayCom
BCML
$333M
| $5.51M | ﹤0.01% |
232,431
-839
| -0.4% | -$18.8K |
|
2712
Definitive Healthcare
DH
$75.3M
| $5.51M | ﹤0.01% |
1,232,722
-30,776
| -2% | -$144K |
|
2713
Park Aerospace
PKE
$819M
| $5.5M | ﹤0.01% |
422,116
+5,491
| +1% | +$72.8K |
|
2714
Pure Cycle
PCYO
$261M
| $5.5M | ﹤0.01% |
510,549
+49,272
| +11% | +$505K |
|
|
NXDT
2715
NexPoint Diversified Real Estate Trust
NXDT
$238M
| $5.5M | ﹤0.01% |
879,684
+15,507
| +2% | +$92K |
|
2716
Cooper-Standard Automotive
CPS
$558M
| $5.45M | ﹤0.01% |
392,882
+4,821
| +1% | +$67K |
|
2717
Lands' End
LE
$403M
| $5.43M | ﹤0.01% |
314,514
+1,729
| +0.6% | +$26.9K |
|
2718
SEACOR Marine Holdings
SMHI
$258M
| $5.43M | ﹤0.01% |
562,451
+2,781
| +0.5% | +$32.6K |
|
2719
Fidelity D&D Bancorp
FDBC
$317M
| $5.42M | ﹤0.01% |
109,925
+2,099
| +2% | +$104K |
|
2720
Ponce Financial Group
PDLB
$485M
| $5.41M | ﹤0.01% |
462,611
+9,790
| +2% | +$102K |
|
|
PARAA
2721
DELISTED
Paramount Global Class A
PARAA
| $5.4M | ﹤0.01% |
247,015
+35,305
| +17% | +$781K |
|
2722
Alto Neuroscience
ANRO
$1.11B
| $5.38M | ﹤0.01% |
469,988
+281,018
| +149% | +$3.44M |
|
2723
Inogen
INGN
$164M
| $5.38M | ﹤0.01% |
554,191
+5,921
| +1% | +$62.1K |
|
2724
Donegal Group Class A
DGICA
$714M
| $5.37M | ﹤0.01% |
364,313
+4,933
| +1% | +$71K |
|
2725
Rocky Brands
RCKY
$369M
| $5.36M | ﹤0.01% |
168,315
+7,353
| +5% | +$234K |
|
Similar funds
Geode Capital Management's Q3 2024 Portfolio in Review
As of Q3 2024, Geode Capital Management held 4,685 positions worth $1.23T, up 8.4% from $1.14T the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Geode Capital Management's Q3 2024 filing shows 98 new, 3,266 increased, 979 reduced and 150 closed positions. Its largest new stake was Smurfit Westrock: 12,733,113 shares worth $627M. The largest sale was WestRock Company, an estimated $316M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2024 buy was Smurfit Westrock: 12,733,113 shares worth $627M.
- Geode Capital Management added most to Apple in Q3 2024, an estimated $4.57B increase.
- Geode Capital Management's biggest Q3 2024 reduction was Vertex Pharmaceuticals, cutting an estimated $187M.
- Geode Capital Management fully exited WestRock Company in Q3 2024, selling an estimated $316M.
- Geode Capital Management's ten largest holdings make up 30% of its $1.23T portfolio in Q3 2024.
- Geode Capital Management opened 98 new positions and closed 150 in Q3 2024.
- Geode Capital Management's portfolio value rose 8.4% quarter-over-quarter to $1.23T.
Based on Geode Capital Management's 13F filing for Q3 2024, filed 12 Nov 2024.