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 | |
|---|---|---|---|---|---|---|
426
Masco
MAS
$15.3B
| $424M | 0.03% |
5,071,032
-147
| -0% | -$11.1K |
|
427
Akamai
AKAM
$16.1B
| $423M | 0.03% |
4,197,009
+202,746
| +5% | +$19.8M |
|
428
Williams-Sonoma
WSM
$29.6B
| $418M | 0.03% |
2,689,451
+97,421
| +4% | +$14M |
|
429
Enbridge
ENB
$112B
| $416M | 0.03% |
10,125,670
+985,546
| +11% | +$38M |
|
430
Texas Pacific Land
TPL
$23.5B
| $412M | 0.03% |
1,387,554
+245,922
| +22% | +$67.5M |
|
431
Live Nation Entertainment
LYV
$42.1B
| $411M | 0.03% |
3,763,557
+321,832
| +9% | +$31.1M |
|
432
Jacobs Solutions
J
$17B
| $410M | 0.03% |
3,177,122
-536,954
| -14% | -$64.7M |
|
433
Amcor
AMCR
$22.1B
| $410M | 0.03% |
7,263,407
+139,464
| +2% | +$7.4M |
|
434
Southwest Airlines
LUV
$23B
| $409M | 0.03% |
13,832,575
-159,864
| -1% | -$4.43M |
|
435
Skyworks Solutions
SWKS
$10.6B
| $408M | 0.03% |
4,143,639
+28,009
| +0.7% | +$2.97M |
|
436
International Paper
IP
$22B
| $407M | 0.03% |
8,368,401
+99,720
| +1% | +$4.65M |
|
437
Quest Diagnostics
DGX
$26.3B
| $405M | 0.03% |
2,616,653
+39,217
| +2% | +$5.86M |
|
438
Tyson Foods
TSN
$20.4B
| $405M | 0.03% |
6,815,571
+87,054
| +1% | +$5.31M |
|
439
IDEX
IEX
$17.3B
| $404M | 0.03% |
1,891,175
+23,388
| +1% | +$4.71M |
|
440
Healthpeak Properties
DOC
$14.8B
| $404M | 0.03% |
17,717,760
-120,194
| -0.7% | -$2.59M |
|
441
Insulet
PODD
$9.79B
| $403M | 0.03% |
1,738,601
+22,850
| +1% | +$4.69M |
|
442
Alliant Energy
LNT
$18B
| $399M | 0.03% |
6,593,166
+92,525
| +1% | +$5.25M |
|
443
Kimco Realty
KIM
$16.4B
| $398M | 0.03% |
17,215,209
+53,378
| +0.3% | +$1.18M |
|
444
Stanley Black & Decker
SWK
$15.7B
| $393M | 0.03% |
3,579,852
+35,100
| +1% | +$3.37M |
|
445
Carlisle Companies
CSL
$15.4B
| $392M | 0.03% |
873,063
+102,436
| +13% | +$42.4M |
|
446
United Therapeutics
UTHR
$23.1B
| $391M | 0.03% |
1,094,015
+45,566
| +4% | +$15.4M |
|
447
Erie Indemnity
ERIE
$13.2B
| $391M | 0.03% |
727,168
+227,651
| +46% | +$104M |
|
448
Textron
TXT
$15.4B
| $391M | 0.03% |
4,430,897
-65,626
| -1% | -$5.79M |
|
449
Cloudflare
NET
$107B
| $390M | 0.03% |
4,834,558
+121,810
| +3% | +$9.79M |
|
450
Pentair
PNR
$11B
| $390M | 0.03% |
3,999,519
+19,853
| +0.5% | +$1.7M |
|
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.