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
|
+$1.49B |
| 2 |
Microsoft
MSFT
|
+$1.32B |
| 3 |
NVIDIA
NVDA
|
+$1.31B |
| 4 |
Amazon
AMZN
|
+$1.03B |
| 5 |
Meta Platforms (Facebook)
META
|
+$599M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$366M |
| 2 |
MRO
Marathon Oil Corporation
MRO
|
+$354M |
| 3 |
CTLT
CATALENT, INC.
CTLT
|
+$257M |
| 4 |
Palo Alto Networks
PANW
|
+$176M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.81% |
| 2 | Financials | 13.54% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Healthcare | 10.13% |
| 5 | Communication Services | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
UGI
UGI
$7.74B
| $157M | 0.01% |
5,058,998
+296,028
| +6% | +$7.68M |
|
727
Globus Medical
GMED
$10.7B
| $157M | 0.01% |
1,897,212
+12,151
| +0.6% | +$958K |
|
728
Essential Utilities
WTRG
$11.3B
| $157M | 0.01% |
4,317,312
+11,336
| +0.3% | +$440K |
|
729
Gentex
GNTX
$4.97B
| $156M | 0.01% |
5,423,820
+55,816
| +1% | +$1.67M |
|
730
Commerce Bancshares
CBSH
$8.53B
| $156M | 0.01% |
2,608,686
-33,720
| -1% | -$2.03M |
|
731
Encompass Health
EHC
$11B
| $155M | 0.01% |
1,679,774
+6,164
| +0.4% | +$605K |
|
732
Penumbra
PEN
$12.7B
| $155M | 0.01% |
650,973
-4,599
| -0.7% | -$1.05M |
|
733
Mohawk Industries
MHK
$7.5B
| $154M | 0.01% |
1,298,260
+22,736
| +2% | +$3.18M |
|
|
SKX
734
DELISTED
Skechers
SKX
| $154M | 0.01% |
2,294,976
+78,071
| +4% | +$5.06M |
|
735
TD Synnex
SNX
$20.4B
| $154M | 0.01% |
1,315,358
+478
| +0% | +$57.2K |
|
736
ACI Worldwide
ACIW
$5.83B
| $154M | 0.01% |
2,962,449
+459,821
| +18% | +$24.5M |
|
737
AerCap
AER
$23.7B
| $154M | 0.01% |
1,619,546
+70,829
| +5% | +$6.79M |
|
738
Casella Waste Systems
CWST
$5.71B
| $153M | 0.01% |
1,446,875
+15,917
| +1% | +$1.68M |
|
739
Toro Company
TTC
$8.75B
| $153M | 0.01% |
1,913,673
-46,202
| -2% | -$3.87M |
|
|
BCPC
740
Balchem Corp
BCPC
$5.38B
| $153M | 0.01% |
938,504
+9,600
| +1% | +$1.67M |
|
741
Western Alliance Bancorporation
WAL
$8.79B
| $152M | 0.01% |
1,821,065
-59,616
| -3% | -$5.24M |
|
|
ALTR
742
DELISTED
Altair Engineering Inc
ALTR
| $152M | 0.01% |
1,394,124
-29,756
| -2% | -$3.07M |
|
743
Ryman Hospitality Properties
RHP
$8.43B
| $152M | 0.01% |
1,456,489
-1,900
| -0.1% | -$212K |
|
744
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $152M | 0.01% |
1,328,117
-447
| -0% | -$50.4K |
|
745
RBC Bearings
RBC
$17.4B
| $152M | 0.01% |
507,771
+25,268
| +5% | +$7.78M |
|
746
Wheaton Precious Metals
WPM
$49.5B
| $151M | 0.01% |
2,664,542
+661,913
| +33% | +$41M |
|
747
Wingstop
WING
$3.53B
| $151M | 0.01% |
530,438
-2,479
| -0.5% | -$843K |
|
|
TMHC
748
DELISTED
Taylor Morrison
TMHC
| $151M | 0.01% |
2,462,184
-16,911
| -0.7% | -$1.15M |
|
749
Federal Signal
FSS
$7.63B
| $151M | 0.01% |
1,630,971
+29,197
| +2% | +$2.68M |
|
750
Lantheus
LNTH
$6.49B
| $151M | 0.01% |
1,682,893
-607
| -0% | -$59.1K |
|
Similar funds
Geode Capital Management's Q4 2024 Portfolio in Review
As of Q4 2024, Geode Capital Management held 4,614 positions worth $1.29T, up 4.5% from $1.23T the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.7%. Geode Capital Management opened 80 new positions and exited 137, leaving the 4,614-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q4 2024 buy was Primo Brands: 3,477,223 shares worth $107M.
- Geode Capital Management added most to Apple in Q4 2024, an estimated $1.49B increase.
- Geode Capital Management's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $366M.
- Geode Capital Management fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $354M.
- Geode Capital Management's ten largest holdings make up 32% of its $1.29T portfolio in Q4 2024.
- Geode Capital Management opened 80 new positions and closed 137 in Q4 2024.
- Geode Capital Management's portfolio value rose 4.5% quarter-over-quarter to $1.29T.
Based on Geode Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.