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
|
+$1.49B |
| 2 |
Microsoft
MSFT
|
+$1.32B |
| 3 |
NVIDIA
NVDA
|
+$1.31B |
| 4 |
Amazon
AMZN
|
+$1.03B |
| 5 |
Meta Platforms (Facebook)
META
|
+$599M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$366M |
| 2 |
MRO
Marathon Oil Corporation
MRO
|
+$354M |
| 3 |
CTLT
CATALENT, INC.
CTLT
|
+$257M |
| 4 |
Palo Alto Networks
PANW
|
+$176M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.81% |
| 2 | Financials | 13.54% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Healthcare | 10.13% |
| 5 | Communication Services | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2851
Biglari Holdings Class B
BH
$1.23B
| $3.99M | ﹤0.01% |
15,684
-355
| -2% | -$71.5K |
|
2852
Zentalis Pharmaceuticals
ZNTL
$347M
| $3.98M | ﹤0.01% |
1,312,964
+20,864
| +2% | +$68.4K |
|
2853
National Bankshares
NKSH
$262M
| $3.98M | ﹤0.01% |
138,448
+202
| +0.1% | +$6.11K |
|
2854
Cartesian Therapeutics
RNAC
$237M
| $3.96M | ﹤0.01% |
221,257
+85,557
| +63% | +$1.73M |
|
2855
Candel Therapeutics
CADL
$770M
| $3.95M | ﹤0.01% |
455,424
+6,427
| +1% | +$38K |
|
2856
Medallion Financial
MFIN
$251M
| $3.94M | ﹤0.01% |
419,217
+2,261
| +0.5% | +$21K |
|
2857
Cardlytics
CDLX
$23.3M
| $3.94M | ﹤0.01% |
106,074
+756
| +0.7% | +$28.9K |
|
2858
Inhibrx
INBX
$1.23B
| $3.93M | ﹤0.01% |
255,133
+3,914
| +2% | +$59.6K |
|
2859
RGC Resources
RGCO
$232M
| $3.9M | ﹤0.01% |
194,481
-1,724
| -0.9% | -$35.8K |
|
2860
Future Fuel
FF
$216M
| $3.9M | ﹤0.01% |
736,514
-64,481
| -8% | -$360K |
|
2861
Acacia Research
ACTG
$445M
| $3.89M | ﹤0.01% |
895,614
-21,792
| -2% | -$98.7K |
|
2862
Digital Turbine
APPS
$1.15B
| $3.89M | ﹤0.01% |
2,298,648
-36,000
| -2% | -$80.1K |
|
2863
Stoneridge
SRI
$213M
| $3.88M | ﹤0.01% |
619,028
+2,543
| +0.4% | +$19.5K |
|
2864
Atomera
ATOM
$219M
| $3.88M | ﹤0.01% |
334,199
+25,735
| +8% | +$148K |
|
2865
Rush Enterprises Class B
RUSHB
$6.3B
| $3.87M | ﹤0.01% |
71,046
+17,852
| +34% | +$927K |
|
2866
Millicom
TIGO
$15.6B
| $3.87M | ﹤0.01% |
154,661
+1,500
| +1% | +$39.3K |
|
2867
Rackspace Technology
RXT
$1.31B
| $3.84M | ﹤0.01% |
1,737,981
+64,923
| +4% | +$164K |
|
2868
Rocky Brands
RCKY
$378M
| $3.82M | ﹤0.01% |
167,317
-998
| -0.6% | -$24.4K |
|
|
FSP
2869
Franklin Street Properties
FSP
$48.4M
| $3.81M | ﹤0.01% |
2,079,500
-8,944
| -0.4% | -$16.3K |
|
2870
Bakkt Inc
BKKT
$338M
| $3.79M | ﹤0.01% |
152,884
+88,370
| +137% | +$1.64M |
|
2871
Omega Flex
OFLX
$311M
| $3.78M | ﹤0.01% |
90,131
+769
| +0.9% | +$37.4K |
|
2872
McEwen Inc
MUX
$1.12B
| $3.77M | ﹤0.01% |
484,792
+13,673
| +3% | +$124K |
|
2873
ProKidney
PROK
$334M
| $3.77M | ﹤0.01% |
2,231,930
+27,996
| +1% | +$50.5K |
|
2874
Alico
ALCO
$283M
| $3.76M | ﹤0.01% |
144,925
-610
| -0.4% | -$15.9K |
|
2875
InfuSystem Holdings
INFU
$249M
| $3.76M | ﹤0.01% |
444,476
+7,968
| +2% | +$62.8K |
|
Similar funds
Geode Capital Management's Q4 2024 Portfolio in Review
As of Q4 2024, Geode Capital Management held 4,614 positions worth $1.29T, up 4.5% from $1.23T the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.7%. Geode Capital Management opened 80 new positions and exited 137, leaving the 4,614-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q4 2024 buy was Primo Brands: 3,477,223 shares worth $107M.
- Geode Capital Management added most to Apple in Q4 2024, an estimated $1.49B increase.
- Geode Capital Management's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $366M.
- Geode Capital Management fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $354M.
- Geode Capital Management's ten largest holdings make up 32% of its $1.29T portfolio in Q4 2024.
- Geode Capital Management opened 80 new positions and closed 137 in Q4 2024.
- Geode Capital Management's portfolio value rose 4.5% quarter-over-quarter to $1.29T.
Based on Geode Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.