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 |
WestRock Company
WRK
|
+$316M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$187M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$159M |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
26
Oracle
ORCL
$389B
| $5.98B | 0.48% |
35,194,683
+885,041
| +3% | +$128M |
2013 Q2
45 quarters
|
|
27
Advanced Micro Devices
AMD
$863B
| $5.6B | 0.45% |
34,243,843
+441,924
| +1% | +$67.1M |
2013 Q2
45 quarters
|
|
28
Bank of America
BAC
$358B
| $5.55B | 0.45% |
140,255,970
+1,700,141
| +1% | +$68.1M |
2013 Q2
45 quarters
|
|
29
Adobe
ADBE
$95.4B
| $5.44B | 0.44% |
10,529,089
+147,981
| +1% | +$81.2M |
2013 Q2
45 quarters
|
|
30
Salesforce
CRM
$198B
| $5.4B | 0.44% |
19,780,318
+257,501
| +1% | +$66M |
2013 Q2
45 quarters
|
|
31
Chevron
CVX
$441B
| $5.27B | 0.43% |
35,876,354
-86,002
| -0.2% | -$12.8M |
2013 Q2
45 quarters
|
|
32
Linde
LIN
$230B
| $5.22B | 0.42% |
10,973,175
+154,792
| +1% | +$70.6M |
2018 Q4
23 quarters
|
|
33
PepsiCo
PEP
$179B
| $5.17B | 0.42% |
30,497,268
+543,558
| +2% | +$93.4M |
2013 Q2
45 quarters
|
|
34
Cisco
CSCO
$423B
| $5.08B | 0.41% |
95,630,469
+1,262,017
| +1% | +$61.4M |
2013 Q2
45 quarters
|
|
35
McDonald's
MCD
$172B
| $4.83B | 0.39% |
15,916,980
+220,365
| +1% | +$60.7M |
2013 Q2
45 quarters
|
|
36
Thermo Fisher Scientific
TMO
$255B
| $4.72B | 0.38% |
7,659,943
+127,564
| +2% | +$75.5M |
2013 Q2
45 quarters
|
|
37
Accenture
ACN
$141B
| $4.72B | 0.38% |
13,391,683
-220,898
| -2% | -$72.6M |
2013 Q2
45 quarters
|
|
38
Qualcomm
QCOM
$184B
| $4.6B | 0.37% |
27,128,468
+1,989,725
| +8% | +$351M |
2013 Q2
45 quarters
|
|
39
IBM
IBM
$219B
| $4.52B | 0.37% |
20,482,147
-43,272
| -0.2% | -$8.48M |
2013 Q2
45 quarters
|
|
40
Texas Instruments
TXN
$252B
| $4.38B | 0.35% |
21,286,790
+487,892
| +2% | +$98M |
2013 Q2
45 quarters
|
|
41
Verizon
VZ
$186B
| $4.29B | 0.35% |
95,824,245
+2,081,241
| +2% | +$86.9M |
2013 Q2
45 quarters
|
|
42
GE Aerospace
GE
$326B
| $4.24B | 0.34% |
22,587,961
+156,272
| +0.7% | +$26.5M |
2013 Q2
45 quarters
|
|
43
Wells Fargo
WFC
$252B
| $4.01B | 0.32% |
71,180,327
-316,546
| -0.4% | -$17.9M |
2013 Q2
45 quarters
|
|
44
Applied Materials
AMAT
$325B
| $3.99B | 0.32% |
19,826,373
+371,866
| +2% | +$76.3M |
2013 Q2
45 quarters
|
|
45
Caterpillar
CAT
$336B
| $3.99B | 0.32% |
10,213,455
+67,148
| +0.7% | +$23.2M |
2013 Q2
45 quarters
|
|
46
Abbott
ABT
$181B
| $3.96B | 0.32% |
34,903,198
+488,764
| +1% | +$53.6M |
2013 Q2
45 quarters
|
|
47
Amgen
AMGN
$234B
| $3.89B | 0.32% |
12,122,889
+103,851
| +0.9% | +$34M |
2013 Q2
45 quarters
|
|
48
Philip Morris
PM
$320B
| $3.89B | 0.31% |
32,101,324
+621,034
| +2% | +$72.2M |
2013 Q2
45 quarters
|
|
49
ServiceNow
NOW
$147B
| $3.75B | 0.3% |
21,059,505
+391,890
| +2% | +$64.4M |
2013 Q2
45 quarters
|
|
50
Intuit
INTU
$86.9B
| $3.7B | 0.3% |
5,978,713
+80,463
| +1% | +$51.4M |
2013 Q2
45 quarters
|
|
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 97 new, 3,264 increased, 979 reduced and 149 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 97 new positions and closed 149 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.