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 | |
|---|---|---|---|---|---|---|
851
Group 1 Automotive
GPI
$3.42B
| $128M | 0.01% |
303,408
-2,194
| -0.7% | -$868K |
|
852
Freshpet
FRPT
$2.93B
| $127M | 0.01% |
844,744
+9,081
| +1% | +$1.32M |
|
853
Moog Inc Class A
MOG.A
$12.4B
| $127M | 0.01% |
646,214
-2,382
| -0.4% | -$489K |
|
854
Dropbox
DBX
$7.6B
| $127M | 0.01% |
4,212,009
-154,262
| -4% | -$4.26M |
|
855
Snap
SNAP
$7.89B
| $127M | 0.01% |
11,831,472
+134,017
| +1% | +$1.51M |
|
856
Flowserve
FLS
$9.71B
| $127M | 0.01% |
2,206,609
+4,616
| +0.2% | +$265K |
|
857
Middleby
MIDD
$6.04B
| $127M | 0.01% |
935,393
-1,203
| -0.1% | -$166K |
|
858
Madrigal Pharmaceuticals
MDGL
$10.8B
| $127M | 0.01% |
410,578
+4,923
| +1% | +$1.38M |
|
859
Prosperity Bancshares
PB
$8.97B
| $127M | 0.01% |
1,680,302
-28,207
| -2% | -$2.18M |
|
|
SMAR
860
DELISTED
Smartsheet Inc.
SMAR
| $126M | 0.01% |
2,249,238
+18,188
| +0.8% | +$1.02M |
|
861
UMB Financial
UMBF
$11.1B
| $126M | 0.01% |
1,112,460
-1,791
| -0.2% | -$207K |
|
862
Workiva
WK
$3.36B
| $125M | 0.01% |
1,145,813
+987
| +0.1% | +$91K |
|
863
Armstrong World Industries
AWI
$7.38B
| $125M | 0.01% |
887,358
+35,738
| +4% | +$5.25M |
|
864
Axalta
AXTA
$7.66B
| $125M | 0.01% |
3,656,181
-13,009
| -0.4% | -$490K |
|
|
CHX
865
DELISTED
ChampionX
CHX
| $125M | 0.01% |
4,601,923
-15,464
| -0.3% | -$460K |
|
866
Home BancShares
HOMB
$6.23B
| $125M | 0.01% |
4,417,621
-47,523
| -1% | -$1.37M |
|
867
CareTrust REIT
CTRE
$9.91B
| $125M | 0.01% |
4,620,274
+887,665
| +24% | +$26.5M |
|
868
First Industrial Realty Trust
FR
$8.73B
| $124M | 0.01% |
2,482,693
+14,298
| +0.6% | +$759K |
|
869
Lumen
LUMN
$6.57B
| $124M | 0.01% |
23,366,279
+21,966
| +0.1% | +$152K |
|
870
TSMC
TSM
$2.1T
| $124M | 0.01% |
628,489
-14,295
| -2% | -$2.77M |
|
871
United Bankshares
UBSI
$6.63B
| $124M | 0.01% |
3,303,182
-3,360
| -0.1% | -$132K |
|
872
Crane Co
CR
$12.3B
| $124M | 0.01% |
816,226
+1,971
| +0.2% | +$325K |
|
|
CFLT
873
DELISTED
Confluent
CFLT
| $123M | 0.01% |
4,409,872
+84,163
| +2% | +$2.26M |
|
874
Restaurant Brands International
QSR
$25.7B
| $123M | 0.01% |
1,847,805
+467,958
| +34% | +$32.5M |
|
875
MKS Inc
MKSI
$20.1B
| $123M | 0.01% |
1,174,221
+1,704
| +0.1% | +$184K |
|
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.