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 | |
|---|---|---|---|---|---|---|
376
Atmos Energy
ATO
$28.9B
| $529M | 0.04% |
3,806,449
+107,700
| +3% | +$15.3M |
|
377
Factset
FDS
$9.38B
| $527M | 0.04% |
1,096,592
+94,668
| +9% | +$45M |
|
378
Cloudflare
NET
$99.1B
| $527M | 0.04% |
4,903,219
+68,661
| +1% | +$6.71M |
|
379
Ulta Beauty
ULTA
$22B
| $521M | 0.04% |
1,199,935
+11,205
| +0.9% | +$4.34M |
|
380
Western Digital
WDC
$188B
| $520M | 0.04% |
11,569,984
+1,089,697
| +10% | +$54.8M |
|
381
International Flavors & Fragrances
IFF
$20.2B
| $520M | 0.04% |
6,166,778
+157,948
| +3% | +$14.8M |
|
382
Alnylam Pharmaceuticals
ALNY
$27.5B
| $518M | 0.04% |
2,206,800
+59,597
| +3% | +$15.7M |
|
383
Teradyne
TER
$57.7B
| $516M | 0.04% |
4,105,505
+94,374
| +2% | +$11.2M |
|
384
Zimmer Biomet
ZBH
$18.2B
| $514M | 0.04% |
4,877,062
-2,323
| -0% | -$249K |
|
385
LyondellBasell Industries
LYB
$20.1B
| $513M | 0.04% |
6,804,205
+199,054
| +3% | +$16.7M |
|
386
CMS Energy
CMS
$22.6B
| $506M | 0.04% |
7,608,680
+98,910
| +1% | +$6.81M |
|
387
Clorox
CLX
$11.6B
| $502M | 0.04% |
3,098,302
+69,969
| +2% | +$11.4M |
|
388
Northern Trust
NTRS
$22.4B
| $501M | 0.04% |
4,904,871
+30,908
| +0.6% | +$3.16M |
|
389
Essex Property Trust
ESS
$18.3B
| $501M | 0.04% |
1,758,174
+32,102
| +2% | +$9.48M |
|
390
Live Nation Entertainment
LYV
$40.6B
| $500M | 0.04% |
3,871,850
+108,293
| +3% | +$13.6M |
|
391
Williams-Sonoma
WSM
$26.9B
| $499M | 0.04% |
2,674,836
-14,615
| -0.5% | -$2.32M |
|
392
FirstEnergy
FE
$28B
| $497M | 0.04% |
12,527,440
+329,049
| +3% | +$13.8M |
|
393
Roblox
RBLX
$25.5B
| $496M | 0.04% |
8,579,173
+246,610
| +3% | +$12.4M |
|
394
Mid-America Apartment Communities
MAA
$15.4B
| $492M | 0.04% |
3,193,188
+52,050
| +2% | +$8.13M |
|
395
Zebra Technologies
ZBRA
$14B
| $492M | 0.04% |
1,276,198
+30,496
| +2% | +$11.8M |
|
396
CenterPoint Energy
CNP
$27.7B
| $490M | 0.04% |
15,490,728
+406,832
| +3% | +$12.5M |
|
397
Leidos
LDOS
$14.5B
| $488M | 0.04% |
3,393,313
+27,410
| +0.8% | +$4.56M |
|
|
CTRA
398
DELISTED
Coterra Energy
CTRA
| $487M | 0.04% |
19,096,761
+96,059
| +0.5% | +$2.39M |
|
399
Steris
STE
$22.3B
| $484M | 0.04% |
2,359,748
+56,123
| +2% | +$12.3M |
|
400
NRG Energy
NRG
$28.4B
| $481M | 0.04% |
5,346,923
-52,175
| -1% | -$4.83M |
|
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.