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 | |
|---|---|---|---|---|---|---|
301
Keysight
KEYS
$58.3B
| $697M | 0.06% |
4,400,035
+323,235
| +8% | +$46M |
|
302
Equity Residential
EQR
$25.1B
| $694M | 0.06% |
9,353,944
+132,638
| +1% | +$9.58M |
|
303
Archer Daniels Midland
ADM
$36.9B
| $683M | 0.06% |
11,467,393
-250,079
| -2% | -$15.2M |
|
304
SBA Communications
SBAC
$19.5B
| $676M | 0.05% |
2,815,135
+5,733
| +0.2% | +$1.27M |
|
305
Kraft Heinz
KHC
$30B
| $670M | 0.05% |
19,150,328
+1,944,019
| +11% | +$66.9M |
|
306
lululemon athletica
LULU
$14.6B
| $669M | 0.05% |
2,474,828
+44,294
| +2% | +$11.8M |
|
307
Ventas
VTR
$47.9B
| $666M | 0.05% |
10,411,293
+245,922
| +2% | +$14.4M |
|
308
American Water Works
AWK
$26.9B
| $665M | 0.05% |
4,564,193
+43,754
| +1% | +$6.2M |
|
309
DexCom
DXCM
$32B
| $664M | 0.05% |
9,937,604
+214,136
| +2% | +$17.6M |
|
310
Weyerhaeuser
WY
$18.4B
| $659M | 0.05% |
19,534,058
+217,510
| +1% | +$6.68M |
|
311
Veralto
VLTO
$24B
| $654M | 0.05% |
5,868,620
+558,393
| +11% | +$59M |
|
312
Cheniere Energy
LNG
$52.9B
| $652M | 0.05% |
3,636,522
-35,025
| -1% | -$6.3M |
|
313
Entergy
ETR
$50B
| $651M | 0.05% |
9,930,514
+74,558
| +0.8% | +$4.39M |
|
314
First Solar
FSLR
$26.9B
| $647M | 0.05% |
2,602,503
+24,143
| +0.9% | +$5.44M |
|
315
Deckers Outdoor
DECK
$13.3B
| $646M | 0.05% |
4,059,919
+60,925
| +2% | +$9.29M |
|
316
Tyler Technologies
TYL
$12.8B
| $646M | 0.05% |
1,108,908
+24,284
| +2% | +$13.7M |
|
317
Fortive
FTV
$18.6B
| $644M | 0.05% |
10,870,671
+61,976
| +0.6% | +$3.41M |
|
318
Broadridge
BR
$19B
| $643M | 0.05% |
2,999,874
+15,208
| +0.5% | +$3.18M |
|
319
Hewlett Packard
HPE
$70.5B
| $643M | 0.05% |
31,492,740
+251,076
| +0.8% | +$4.8M |
|
320
LyondellBasell Industries
LYB
$19.2B
| $639M | 0.05% |
6,605,151
+277,108
| +4% | +$26.6M |
|
321
DoorDash
DASH
$93.7B
| $637M | 0.05% |
4,472,154
+267,855
| +6% | +$32.5M |
|
322
Ferguson
FERG
$49.8B
| $633M | 0.05% |
3,197,621
+25,677
| +0.8% | +$5.2M |
|
323
Cardinal Health
CAH
$55.4B
| $633M | 0.05% |
5,749,859
+42,082
| +0.7% | +$4.4M |
|
324
State Street
STT
$50.7B
| $632M | 0.05% |
7,169,070
+41,442
| +0.6% | +$3.42M |
|
325
International Flavors & Fragrances
IFF
$21.9B
| $628M | 0.05% |
6,008,830
+77,521
| +1% | +$7.72M |
|
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.