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 | |
|---|---|---|---|---|---|---|
101
Colgate-Palmolive
CL
$74.4B
| $1.9B | 0.17% |
19,640,382
+544,406
| +3% | +$50.2M |
|
102
Nike
NKE
$63B
| $1.86B | 0.16% |
24,777,969
+480,603
| +2% | +$44.7M |
|
103
Starbucks
SBUX
$121B
| $1.86B | 0.16% |
23,944,752
+576,420
| +2% | +$46.9M |
|
104
Gilead Sciences
GILD
$164B
| $1.85B | 0.16% |
26,966,449
+617,094
| +2% | +$41.2M |
|
105
CrowdStrike
CRWD
$214B
| $1.83B | 0.16% |
19,181,868
+4,764,872
| +33% | +$396M |
|
106
Mondelez International
MDLZ
$79.9B
| $1.82B | 0.16% |
27,863,752
+345,135
| +1% | +$23.7M |
|
107
Southern Company
SO
$107B
| $1.81B | 0.16% |
23,445,571
+1,264,650
| +6% | +$95.8M |
|
108
Altria Group
MO
$114B
| $1.81B | 0.16% |
39,800,154
+205,625
| +0.5% | +$9.12M |
|
109
Blackstone
BX
$109B
| $1.8B | 0.16% |
14,560,105
+301,638
| +2% | +$37.1M |
|
110
Zoetis
ZTS
$31.2B
| $1.77B | 0.16% |
10,242,396
+194,395
| +2% | +$32.3M |
|
111
Equinix
EQIX
$104B
| $1.75B | 0.15% |
2,317,231
+71,960
| +3% | +$54.6M |
|
112
Bristol-Myers Squibb
BMY
$130B
| $1.75B | 0.15% |
42,167,521
+862,916
| +2% | +$38.6M |
|
|
FISV
113
Fiserv Inc
FISV
$28.9B
| $1.74B | 0.15% |
11,678,473
-44,557
| -0.4% | -$6.74M |
|
114
Chipotle Mexican Grill
CMG
$43.7B
| $1.73B | 0.15% |
27,642,971
+733,221
| +3% | +$45.6M |
|
115
Duke Energy
DUK
$96.2B
| $1.71B | 0.15% |
17,045,874
+493,464
| +3% | +$49.4M |
|
116
Waste Management
WM
$89.7B
| $1.7B | 0.15% |
7,977,293
+165,625
| +2% | +$34.4M |
|
117
Amphenol
APH
$212B
| $1.62B | 0.14% |
24,101,102
-3,228,174
| -12% | -$204M |
|
118
CME Group
CME
$95.2B
| $1.6B | 0.14% |
8,142,053
+197,201
| +2% | +$40.7M |
|
119
Intercontinental Exchange
ICE
$84.1B
| $1.55B | 0.14% |
11,385,693
+221,537
| +2% | +$29.8M |
|
120
O'Reilly Automotive
ORLY
$76.3B
| $1.53B | 0.13% |
21,825,465
+659,445
| +3% | +$45.6M |
|
121
McKesson
MCK
$103B
| $1.53B | 0.13% |
2,626,989
+33,314
| +1% | +$18.5M |
|
122
EOG Resources
EOG
$71.5B
| $1.53B | 0.13% |
12,134,980
+161,233
| +1% | +$20.7M |
|
123
CVS Health
CVS
$126B
| $1.53B | 0.13% |
25,900,104
+518,029
| +2% | +$32.4M |
|
124
Trane Technologies
TT
$106B
| $1.5B | 0.13% |
4,572,923
-666,878
| -13% | -$212M |
|
125
Illinois Tool Works
ITW
$85.5B
| $1.45B | 0.13% |
6,124,846
+117,611
| +2% | +$29.1M |
|
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 115 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 115 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.