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
|
+$4.57B |
| 2 |
Microsoft
MSFT
|
+$1.4B |
| 3 |
NVIDIA
NVDA
|
+$1.36B |
| 4 |
Amazon
AMZN
|
+$1.19B |
| 5 |
Broadcom
AVGO
|
+$1.13B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WRK
WestRock Company
WRK
|
+$316M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$187M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$159M |
| 4 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$139M |
| 5 |
Cadence Design Systems
CDNS
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.03% |
| 2 | Financials | 12.84% |
| 3 | Healthcare | 11.54% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Industrials | 8.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Crinetics Pharmaceuticals
CRNX
$8.92B
| $94.5M | 0.01% |
1,848,133
+169,746
| +10% | +$8.75M |
|
|
TXNM
1027
TXNM Energy Inc
TXNM
$5.94B
| $94.3M | 0.01% |
2,153,910
+32,021
| +2% | +$1.3M |
|
1028
Celsius Holdings
CELH
$7.03B
| $93.9M | 0.01% |
3,000,805
+104,896
| +4% | +$4.4M |
|
1029
Ameris Bancorp
ABCB
$5.89B
| $93.9M | 0.01% |
1,504,758
-42,651
| -3% | -$2.5M |
|
1030
Shift4
FOUR
$3.26B
| $93.8M | 0.01% |
1,058,369
+53,610
| +5% | +$4.06M |
|
1031
UiPath
PATH
$7.8B
| $93.6M | 0.01% |
7,312,068
+493,502
| +7% | +$6.04M |
|
1032
Affiliated Managers Group
AMG
$9.76B
| $93.6M | 0.01% |
526,041
-16,634
| -3% | -$2.83M |
|
1033
Spire
SR
$4.85B
| $93.2M | 0.01% |
1,385,452
+71,798
| +5% | +$4.66M |
|
1034
Alaska Air
ALK
$5.58B
| $93.2M | 0.01% |
2,061,596
+78,186
| +4% | +$2.97M |
|
1035
Valvoline
VVV
$4.51B
| $93.2M | 0.01% |
2,226,769
+54,545
| +3% | +$2.32M |
|
|
SFBS
1036
ServisFirst Bancshares
SFBS
$4.86B
| $93.1M | 0.01% |
1,157,350
+23,555
| +2% | +$1.79M |
|
1037
Advanced Energy
AEIS
$13B
| $93.1M | 0.01% |
884,402
+15,030
| +2% | +$1.58M |
|
|
PCH
1038
DELISTED
PotlatchDeltic
PCH
| $93.1M | 0.01% |
2,065,784
-59,144
| -3% | -$2.5M |
|
1039
Brunswick
BC
$5.28B
| $92.9M | 0.01% |
1,107,968
-46,242
| -4% | -$3.59M |
|
1040
First Bancorp
FBP
$4.38B
| $92.9M | 0.01% |
4,386,606
+112,432
| +3% | +$2.29M |
|
1041
Post Holdings
POST
$3.57B
| $92.8M | 0.01% |
801,270
-21,122
| -3% | -$2.37M |
|
1042
Hecla Mining
HL
$11.3B
| $92.5M | 0.01% |
13,865,241
+711,676
| +5% | +$4.16M |
|
1043
American Eagle Outfitters
AEO
$3.01B
| $92.4M | 0.01% |
4,125,840
-19,955
| -0.5% | -$412K |
|
1044
Autoliv
ALV
$9B
| $92.2M | 0.01% |
987,375
+95,888
| +11% | +$9.55M |
|
1045
Oscar Health
OSCR
$8.61B
| $92.1M | 0.01% |
4,339,640
+455,205
| +12% | +$8.2M |
|
1046
National Health Investors
NHI
$3.65B
| $92M | 0.01% |
1,094,570
+8,540
| +0.8% | +$658K |
|
1047
Broadstone Net Lease
BNL
$4.02B
| $91.8M | 0.01% |
4,844,943
+62,515
| +1% | +$1.11M |
|
1048
Axcelis
ACLS
$4.33B
| $91.7M | 0.01% |
874,516
+28,141
| +3% | +$3.29M |
|
1049
Korn Ferry
KFY
$4.28B
| $91.6M | 0.01% |
1,217,031
+28,014
| +2% | +$1.97M |
|
1050
Cameco
CCJ
$42.4B
| $91.6M | 0.01% |
1,911,614
+177,551
| +10% | +$7.74M |
|
Similar funds
Geode Capital Management's Q3 2024 Portfolio in Review
As of Q3 2024, Geode Capital Management held 4,685 positions worth $1.23T, up 8.4% from $1.14T the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Geode Capital Management's Q3 2024 filing shows 98 new, 3,266 increased, 979 reduced and 150 closed positions. Its largest new stake was Smurfit Westrock: 12,733,113 shares worth $627M. The largest sale was WestRock Company, an estimated $316M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2024 buy was Smurfit Westrock: 12,733,113 shares worth $627M.
- Geode Capital Management added most to Apple in Q3 2024, an estimated $4.57B increase.
- Geode Capital Management's biggest Q3 2024 reduction was Vertex Pharmaceuticals, cutting an estimated $187M.
- Geode Capital Management fully exited WestRock Company in Q3 2024, selling an estimated $316M.
- Geode Capital Management's ten largest holdings make up 30% of its $1.23T portfolio in Q3 2024.
- Geode Capital Management opened 98 new positions and closed 150 in Q3 2024.
- Geode Capital Management's portfolio value rose 8.4% quarter-over-quarter to $1.23T.
Based on Geode Capital Management's 13F filing for Q3 2024, filed 12 Nov 2024.