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 |
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 | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Danaher
DHR
$161B
| $3.28B | 0.29% |
13,184,686
+271,668
| +2% | +$68.6M |
2013 Q2
44 quarters
|
|
52
Intuitive Surgical
ISRG
$151B
| $3.27B | 0.29% |
7,369,485
+218,451
| +3% | +$87M |
2013 Q2
44 quarters
|
|
53
Lam Research
LRCX
$333B
| $3.25B | 0.29% |
30,564,580
+697,540
| +2% | +$66.9M |
2013 Q2
44 quarters
|
|
54
ServiceNow
NOW
$145B
| $3.24B | 0.28% |
20,667,615
+489,860
| +2% | +$71.9M |
2013 Q2
44 quarters
|
|
55
Pfizer
PFE
$168B
| $3.23B | 0.28% |
115,810,826
+2,229,188
| +2% | +$61.4M |
2013 Q2
44 quarters
|
|
56
Philip Morris
PM
$318B
| $3.18B | 0.28% |
31,480,290
+674,003
| +2% | +$65.9M |
2013 Q2
44 quarters
|
|
57
Booking.com
BKNG
$122B
| $3.11B | 0.27% |
19,647,625
+13,850
| +0.1% | +$2.05M |
2013 Q2
44 quarters
|
|
58
Uber
UBER
$143B
| $3.02B | 0.26% |
41,606,707
+1,613,204
| +4% | +$112M |
2019 Q2
20 quarters
|
|
59
AT&T
T
$162B
| $3B | 0.26% |
157,489,685
+4,914,042
| +3% | +$85.4M |
2013 Q2
44 quarters
|
|
60
Micron Technology
MU
$1.01T
| $2.99B | 0.26% |
22,830,938
+521,560
| +2% | +$65.7M |
2013 Q2
44 quarters
|
|
61
Vertex Pharmaceuticals
VRTX
$127B
| $2.96B | 0.26% |
6,325,308
+512,272
| +9% | +$222M |
2013 Q2
44 quarters
|
|
62
Honeywell
HON
$67B
| $2.94B | 0.26% |
14,655,309
+141,235
| +1% | +$26.9M |
2013 Q2
44 quarters
|
|
63
NextEra Energy
NEE
$166B
| $2.94B | 0.26% |
41,598,044
+918,283
| +2% | +$65.2M |
2013 Q2
44 quarters
|
|
64
Goldman Sachs
GS
$256B
| $2.91B | 0.26% |
6,447,820
+73,653
| +1% | +$32.3M |
2013 Q2
44 quarters
|
|
65
Union Pacific
UNP
$171B
| $2.85B | 0.25% |
12,631,066
+408,298
| +3% | +$95.7M |
2013 Q2
44 quarters
|
|
66
S&P Global
SPGI
$126B
| $2.83B | 0.25% |
6,360,628
+83,327
| +1% | +$35.7M |
2016 Q2
32 quarters
|
|
67
Intel
INTC
$479B
| $2.73B | 0.24% |
88,406,545
+2,097,686
| +2% | +$68.7M |
2013 Q2
44 quarters
|
|
68
ConocoPhillips
COP
$175B
| $2.72B | 0.24% |
23,809,639
+138,261
| +0.6% | +$16.8M |
2013 Q2
44 quarters
|
|
69
RTX Corp
RTX
$259B
| $2.68B | 0.24% |
26,755,436
-74,278
| -0.3% | -$7.68M |
2013 Q2
44 quarters
|
|
70
Progressive
PGR
$125B
| $2.64B | 0.23% |
12,743,579
+403,971
| +3% | +$84.6M |
2013 Q2
44 quarters
|
|
71
American Express
AXP
$211B
| $2.63B | 0.23% |
11,397,412
+167,919
| +1% | +$38.9M |
2013 Q2
44 quarters
|
|
72
TJX Companies
TJX
$162B
| $2.58B | 0.23% |
23,493,877
+576,433
| +3% | +$58.1M |
2013 Q2
44 quarters
|
|
73
KLA
KLAC
$220B
| $2.57B | 0.23% |
31,279,510
+669,250
| +2% | +$49.4M |
2013 Q2
44 quarters
|
|
74
Elevance Health
ELV
$93.1B
| $2.57B | 0.23% |
4,762,250
+67,365
| +1% | +$35.6M |
2013 Q2
44 quarters
|
|
75
Lowe's Companies
LOW
$110B
| $2.54B | 0.22% |
11,545,988
+138,376
| +1% | +$31.6M |
2013 Q2
44 quarters
|
|
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 113 new, 3,570 increased, 602 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 113 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.