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 | |
|---|---|---|---|---|---|---|
1051
Antero Midstream
AM
$10.1B
| $91.5M | 0.01% |
6,081,501
+251,987
| +4% | +$3.67M |
|
1052
monday.com
MNDY
$3.94B
| $91.4M | 0.01% |
330,777
+12,968
| +4% | +$3.21M |
|
1053
Lazard
LAZ
$4.31B
| $91.4M | 0.01% |
1,813,553
+15,151
| +0.8% | +$702K |
|
|
LINE
1054
Lineage Inc
LINE
$9.65B
| $91.2M | 0.01% |
+1,162,810
| New | +$97.3M |
|
1055
MSC Industrial Direct
MSM
$6.86B
| $90.9M | 0.01% |
1,056,476
-28,986
| -3% | -$2.37M |
|
1056
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $90.9M | 0.01% |
2,636,884
+53,799
| +2% | +$1.73M |
|
1057
Axos Financial
AX
$5.68B
| $90.9M | 0.01% |
1,444,756
+91,797
| +7% | +$6.03M |
|
1058
Workiva
WK
$3.54B
| $90.6M | 0.01% |
1,144,826
+35,029
| +3% | +$2.63M |
|
1059
Timken Company
TKR
$9.03B
| $90.5M | 0.01% |
1,073,123
+5,970
| +0.6% | +$491K |
|
1060
Shake Shack
SHAK
$2.87B
| $90.5M | 0.01% |
876,380
+26,620
| +3% | +$2.56M |
|
1061
Sensata Technologies
ST
$6.79B
| $90.4M | 0.01% |
2,520,062
+24,707
| +1% | +$920K |
|
1062
Silicon Laboratories
SLAB
$7.23B
| $90.3M | 0.01% |
781,049
+15,728
| +2% | +$1.76M |
|
1063
Kadant
KAI
$3.99B
| $90.3M | 0.01% |
266,986
-29,672
| -10% | -$9.48M |
|
|
ALE
1064
DELISTED
Allete
ALE
| $89.6M | 0.01% |
1,395,362
+21,850
| +2% | +$1.39M |
|
1065
Roivant Sciences
ROIV
$26.2B
| $89.4M | 0.01% |
7,745,104
+1,460,205
| +23% | +$16.6M |
|
1066
Plexus
PLXS
$7.23B
| $89.4M | 0.01% |
653,759
+4,926
| +0.8% | +$598K |
|
1067
Tanger
SKT
$4.52B
| $89.4M | 0.01% |
2,693,536
+96
| +0% | +$2.8K |
|
1068
CNO Financial Group
CNO
$5.1B
| $89.2M | 0.01% |
2,541,723
-16,062
| -0.6% | -$517K |
|
1069
SiriusXM
SIRI
$10.1B
| $88.9M | 0.01% |
3,760,020
+2,363,954
| +169% | +$73.4M |
|
1070
Kyndryl
KD
$3.05B
| $88.9M | 0.01% |
3,867,873
+63,997
| +2% | +$1.56M |
|
1071
COPT Defense Properties
CDP
$4.21B
| $88.8M | 0.01% |
2,927,208
+21,388
| +0.7% | +$609K |
|
|
CWAN
1072
DELISTED
Clearwater Analytics
CWAN
| $88.7M | 0.01% |
3,512,511
+187,881
| +6% | +$4.23M |
|
1073
Procept Biorobotics
PRCT
$1.17B
| $88.7M | 0.01% |
1,106,588
+84,244
| +8% | +$5.99M |
|
|
CFLT
1074
DELISTED
Confluent
CFLT
| $88.2M | 0.01% |
4,325,709
+107,510
| +3% | +$2.41M |
|
1075
NorthWestern Energy
NWE
$4.43B
| $87.9M | 0.01% |
1,536,518
+35,279
| +2% | +$1.88M |
|
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.