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 |
PXD
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 | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Western Union
WU
$2.21B
| $87.4M | 0.01% |
7,154,240
+29,154
| +0.4% | +$379K |
|
1002
CNX Resources
CNX
$5.2B
| $87.3M | 0.01% |
3,590,504
+110,398
| +3% | +$2.69M |
|
1003
CareTrust REIT
CTRE
$9.74B
| $87.2M | 0.01% |
3,474,338
+459,739
| +15% | +$11.4M |
|
1004
Kadant
KAI
$3.99B
| $87.2M | 0.01% |
296,658
+17,468
| +6% | +$4.98M |
|
1005
Cactus
WHD
$5.44B
| $87.1M | 0.01% |
1,651,467
+235,680
| +17% | +$12M |
|
1006
Terex
TEX
$7.74B
| $87.1M | 0.01% |
1,587,446
+88,417
| +6% | +$5.24M |
|
1007
SentinelOne
S
$7.34B
| $87M | 0.01% |
4,129,652
+315,344
| +8% | +$6.47M |
|
1008
Fortis
FTS
$28.7B
| $86.8M | 0.01% |
2,180,671
+115,162
| +6% | +$4.54M |
|
1009
SiteOne Landscape Supply
SITE
$4.53B
| $86.8M | 0.01% |
714,541
+18,249
| +3% | +$2.76M |
|
1010
Flowers Foods
FLO
$1.57B
| $86.6M | 0.01% |
3,899,860
+193,516
| +5% | +$4.58M |
|
1011
AXIS Capital
AXS
$7.55B
| $86.5M | 0.01% |
1,223,651
-12,223
| -1% | -$829K |
|
1012
Boot Barn
BOOT
$4.95B
| $86.4M | 0.01% |
669,908
+16,503
| +3% | +$1.86M |
|
1013
UiPath
PATH
$7.8B
| $86.3M | 0.01% |
6,818,566
+452,737
| +7% | +$7.83M |
|
1014
Organon & Co
OGN
$3.57B
| $86.3M | 0.01% |
4,165,888
+214,484
| +5% | +$4.26M |
|
1015
MSC Industrial Direct
MSM
$6.86B
| $86.1M | 0.01% |
1,085,462
-22,714
| -2% | -$2.02M |
|
1016
Antero Midstream
AM
$10.1B
| $85.9M | 0.01% |
5,829,514
+184,392
| +3% | +$2.65M |
|
1017
Hexcel
HXL
$7.82B
| $85.9M | 0.01% |
1,375,161
+12,944
| +1% | +$868K |
|
1018
Lyft
LYFT
$6.63B
| $85.8M | 0.01% |
6,084,676
+300,251
| +5% | +$4.88M |
|
1019
M/I Homes
MHO
$3.84B
| $85.8M | 0.01% |
702,222
+41,879
| +6% | +$5.12M |
|
1020
Post Holdings
POST
$3.57B
| $85.7M | 0.01% |
822,392
+9,378
| +1% | +$976K |
|
|
ALE
1021
DELISTED
Allete
ALE
| $85.7M | 0.01% |
1,373,512
+68,060
| +5% | +$4.19M |
|
1022
Box
BOX
$4.6B
| $85.6M | 0.01% |
3,236,795
+114,379
| +4% | +$3.05M |
|
1023
Timken Company
TKR
$9.03B
| $85.5M | 0.01% |
1,067,153
+40,046
| +4% | +$3.45M |
|
1024
Synaptics
SYNA
$4.15B
| $85.5M | 0.01% |
968,615
+43,417
| +5% | +$3.93M |
|
1025
ONE Gas
OGS
$5.04B
| $85.3M | 0.01% |
1,336,233
+80,173
| +6% | +$5.03M |
|
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 114 new, 3,571 increased, 603 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 114 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.