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 | |
|---|---|---|---|---|---|---|
901
Hancock Whitney
HWC
$6.2B
| $117M | 0.01% |
2,130,173
-19,475
| -0.9% | -$1.08M |
|
902
Academy Sports + Outdoors
ASO
$2.94B
| $116M | 0.01% |
2,023,546
+354
| +0% | +$18.7K |
|
903
Cabot Corp
CBT
$4.54B
| $116M | 0.01% |
1,274,545
-9,141
| -0.7% | -$982K |
|
904
Frontdoor
FTDR
$5.1B
| $116M | 0.01% |
2,127,553
+14,079
| +0.7% | +$763K |
|
905
Sanmina
SANM
$9.95B
| $116M | 0.01% |
1,536,367
+21,239
| +1% | +$1.58M |
|
906
Varonis Systems
VRNS
$4.59B
| $116M | 0.01% |
2,614,646
-816
| -0% | -$42.4K |
|
907
Voya Financial
VOYA
$9.01B
| $116M | 0.01% |
1,685,642
+23,818
| +1% | +$1.86M |
|
908
STAG Industrial
STAG
$7.38B
| $116M | 0.01% |
3,421,549
+18,009
| +0.5% | +$659K |
|
909
Independence Realty Trust
IRT
$3.92B
| $116M | 0.01% |
5,828,531
-29,412
| -0.5% | -$600K |
|
|
JBTM
910
JBT Marel
JBTM
$7.21B
| $116M | 0.01% |
909,084
+179,231
| +25% | +$20.7M |
|
|
WCN
911
Waste Connections
WCN
$42.2B
| $116M | 0.01% |
647,727
+457,137
| +240% | +$83.1M |
|
912
Ryan Specialty Holdings
RYAN
$5.72B
| $115M | 0.01% |
1,799,130
+46,960
| +3% | +$3.27M |
|
913
Itron
ITRI
$4.36B
| $115M | 0.01% |
1,063,172
-11,768
| -1% | -$1.31M |
|
914
InterDigital
IDCC
$7.87B
| $115M | 0.01% |
594,745
+1,991
| +0.3% | +$348K |
|
|
CWAN
915
DELISTED
Clearwater Analytics
CWAN
| $115M | 0.01% |
4,186,137
+673,626
| +19% | +$19.1M |
|
916
Nexstar Media Group
NXST
$5.82B
| $115M | 0.01% |
726,720
-14,011
| -2% | -$2.35M |
|
917
Dycom Industries
DY
$12B
| $115M | 0.01% |
659,190
+8,307
| +1% | +$1.54M |
|
918
Astera Labs
ALAB
$53.3B
| $115M | 0.01% |
865,377
+420,490
| +95% | +$39.5M |
|
919
Qorvo
QRVO
$7.99B
| $114M | 0.01% |
1,635,946
-662,245
| -29% | -$53M |
|
920
Teck Resources
TECK
$29.6B
| $114M | 0.01% |
2,750,146
+671,357
| +32% | +$31.4M |
|
921
Healthcare Realty
HR
$7.28B
| $114M | 0.01% |
6,721,040
-233,914
| -3% | -$4.11M |
|
922
VF Corp
VFC
$5.63B
| $114M | 0.01% |
5,306,671
+185,488
| +4% | +$3.78M |
|
923
Upstart Holdings
UPST
$2.63B
| $114M | 0.01% |
1,846,438
+29,664
| +2% | +$1.85M |
|
924
Shake Shack
SHAK
$2.53B
| $114M | 0.01% |
875,064
-1,316
| -0.2% | -$161K |
|
925
Matador Resources
MTDR
$6.2B
| $113M | 0.01% |
2,010,781
+2,051
| +0.1% | +$113K |
|
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.