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 | |
|---|---|---|---|---|---|---|
601
Wingstop
WING
$3.18B
| $222M | 0.02% |
532,917
-45,516
| -8% | -$17.7M |
|
602
Suncor Energy
SU
$70.3B
| $221M | 0.02% |
5,891,596
+413,797
| +8% | +$16M |
|
603
Caesars Entertainment
CZR
$6.14B
| $220M | 0.02% |
5,278,774
-17,316
| -0.3% | -$649K |
|
604
Woodward
WWD
$21.4B
| $219M | 0.02% |
1,278,502
+59,290
| +5% | +$9.87M |
|
605
New York Times
NYT
$10.2B
| $219M | 0.02% |
3,932,816
+154,509
| +4% | +$8.31M |
|
606
Lamb Weston
LW
$7.19B
| $219M | 0.02% |
3,388,056
+24,097
| +0.7% | +$1.59M |
|
607
Dick's Sporting Goods
DKS
$18.7B
| $217M | 0.02% |
1,042,782
+10,640
| +1% | +$2.27M |
|
608
East-West Bancorp
EWBC
$18B
| $216M | 0.02% |
2,608,132
+122,738
| +5% | +$9.84M |
|
609
Coherent
COHR
$74.2B
| $216M | 0.02% |
2,427,982
+248,192
| +11% | +$18.5M |
|
|
DOCU
610
DocuSign
DOCU
$11.5B
| $216M | 0.02% |
3,483,184
+53,554
| +2% | +$3M |
|
611
Norwegian Cruise Line
NCLH
$8.84B
| $215M | 0.02% |
10,522,834
+261,925
| +3% | +$4.76M |
|
612
Neurocrine Biosciences
NBIX
$16.6B
| $214M | 0.02% |
1,859,232
+39,610
| +2% | +$5.43M |
|
613
XPO
XPO
$23.7B
| $213M | 0.02% |
1,981,642
-6,324
| -0.3% | -$708K |
|
614
Texas Roadhouse
TXRH
$13.7B
| $212M | 0.02% |
1,201,641
+18,126
| +2% | +$3.06M |
|
615
Sarepta Therapeutics
SRPT
$1.77B
| $212M | 0.02% |
1,696,354
+44,306
| +3% | +$6.12M |
|
|
EXAS
616
DELISTED
Exact Sciences
EXAS
| $211M | 0.02% |
3,105,970
+7,873
| +0.3% | +$444K |
|
617
MGM Resorts International
MGM
$11.2B
| $210M | 0.02% |
5,391,300
-363,793
| -6% | -$14.4M |
|
618
Medpace
MEDP
$16.5B
| $210M | 0.02% |
628,054
+44,371
| +8% | +$16.9M |
|
619
American Financial Group
AFG
$12.1B
| $209M | 0.02% |
1,553,207
+143,820
| +10% | +$18.6M |
|
|
EXE
620
Expand Energy Corp
EXE
$21.5B
| $208M | 0.02% |
2,521,739
+30,577
| +1% | +$2.33M |
|
621
Brown-Forman Class B
BF.B
$13.1B
| $207M | 0.02% |
4,213,035
+66,893
| +2% | +$3.01M |
|
622
Saia
SAIA
$9.72B
| $206M | 0.02% |
471,667
+6,456
| +1% | +$2.73M |
|
623
Royalty Pharma
RPRX
$25.3B
| $206M | 0.02% |
7,265,786
+417,490
| +6% | +$11.6M |
|
624
Rexford Industrial Realty
REXR
$8.19B
| $205M | 0.02% |
4,074,044
+74,865
| +2% | +$3.72M |
|
625
Clean Harbors
CLH
$16.3B
| $205M | 0.02% |
847,715
+11,808
| +1% | +$2.78M |
|
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.