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 |
Microsoft
MSFT
|
+$1.76B |
| 2 |
ExxonMobil
XOM
|
+$1.36B |
| 3 |
Apple
AAPL
|
+$1.05B |
| 4 |
Amazon
AMZN
|
+$1.02B |
| 5 |
NVIDIA
NVDA
|
+$972M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$1.24B |
| 2 |
GE Aerospace
GE
|
+$718M |
| 3 |
Broadcom
AVGO
|
+$437M |
| 4 |
Apollo Global Management
APO
|
+$275M |
| 5 |
Super Micro Computer
SMCI
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.88% |
| 2 | Financials | 12.28% |
| 3 | Healthcare | 11.67% |
| 4 | Consumer Discretionary | 10.22% |
| 5 | Communication Services | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Paycom
PAYC
$10B
| $197M | 0.02% |
1,381,516
+173,368
| +14% | +$29.7M |
|
602
Federal Realty Investment Trust
FRT
$10.3B
| $197M | 0.02% |
1,948,937
+71,144
| +4% | +$7.18M |
|
603
e.l.f. Beauty
ELF
$5.8B
| $196M | 0.02% |
930,286
-292,594
| -24% | -$52M |
|
604
Ally Financial
ALLY
$13.3B
| $194M | 0.02% |
4,860,284
+110,125
| +2% | +$4.3M |
|
605
Applied Industrial Technologies
AIT
$13.3B
| $194M | 0.02% |
999,700
+56,903
| +6% | +$10.9M |
|
606
New York Times
NYT
$10.2B
| $194M | 0.02% |
3,778,307
+570,548
| +18% | +$26.8M |
|
607
Hasbro
HAS
$13.2B
| $193M | 0.02% |
3,303,700
+134,761
| +4% | +$8M |
|
608
Kinsale Capital Group
KNSL
$8.51B
| $193M | 0.02% |
499,022
+35,098
| +8% | +$14.2M |
|
609
Norwegian Cruise Line
NCLH
$8.84B
| $193M | 0.02% |
10,260,909
+444,964
| +5% | +$7.81M |
|
610
BJs Wholesale Club
BJ
$12.3B
| $192M | 0.02% |
2,180,416
+25,973
| +1% | +$2.1M |
|
611
Curtiss-Wright
CW
$25.5B
| $191M | 0.02% |
704,241
+31,364
| +5% | +$8.38M |
|
612
Tetra Tech
TTEK
$9.07B
| $190M | 0.02% |
4,654,455
+119,900
| +3% | +$4.89M |
|
613
Dynatrace
DT
$14.2B
| $189M | 0.02% |
4,243,294
+176,918
| +4% | +$8.15M |
|
614
Clean Harbors
CLH
$16.3B
| $189M | 0.02% |
835,907
+22,099
| +3% | +$4.63M |
|
615
Chord Energy
CHRD
$7.39B
| $189M | 0.02% |
1,128,286
+100,986
| +10% | +$17.9M |
|
616
Generac Holdings
GNRC
$12.5B
| $189M | 0.02% |
1,429,317
+20,146
| +1% | +$2.78M |
|
617
Canadian Imperial Bank of Commerce
CM
$108B
| $188M | 0.02% |
3,908,381
+198,070
| +5% | +$9.6M |
|
618
MarketAxess Holdings
MKTX
$5.72B
| $187M | 0.02% |
936,928
+16,442
| +2% | +$3.39M |
|
619
Check Point Software Technologies
CHKP
$13.1B
| $186M | 0.02% |
1,129,793
+26,200
| +2% | +$4.08M |
|
620
Lattice Semiconductor
LSCC
$18.5B
| $186M | 0.02% |
3,196,705
+261,910
| +9% | +$18.1M |
|
|
DAY
621
DELISTED
Dayforce
DAY
| $186M | 0.02% |
3,751,722
+113,002
| +3% | +$6.46M |
|
622
Bentley Systems
BSY
$10.7B
| $185M | 0.02% |
3,758,781
-110,733
| -3% | -$5.75M |
|
623
Vaxcyte
PCVX
$8.64B
| $184M | 0.02% |
2,441,772
+154,397
| +7% | +$10.5M |
|
624
Snap
SNAP
$9.01B
| $184M | 0.02% |
11,122,131
-121,332
| -1% | -$1.74M |
|
|
DOCU
625
DocuSign
DOCU
$11.5B
| $183M | 0.02% |
3,429,630
+131,649
| +4% | +$7.42M |
|
Similar funds
Geode Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, Geode Capital Management held 4,723 positions worth $1.14T, up 5.4% from $1.08T the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Geode Capital Management's Q2 2024 filing shows 114 new, 3,571 increased, 603 reduced and 134 closed positions. Its largest new stake was GE Vernova: 5,513,744 shares worth $943M. The largest sale was Pioneer Natural Resource Co., an estimated $1.24B.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q2 2024 buy was GE Vernova: 5,513,744 shares worth $943M.
- Geode Capital Management added most to Microsoft in Q2 2024, an estimated $1.76B increase.
- Geode Capital Management's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $718M.
- Geode Capital Management fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $1.24B.
- Geode Capital Management's ten largest holdings make up 31% of its $1.14T portfolio in Q2 2024.
- Geode Capital Management opened 114 new positions and closed 134 in Q2 2024.
- Geode Capital Management's portfolio value rose 5.4% quarter-over-quarter to $1.14T.
Based on Geode Capital Management's 13F filing for Q2 2024, filed 9 Aug 2024.