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 | |
|---|---|---|---|---|---|---|
1251
Dyne Therapeutics
DYN
$4.9B
| $66.8M | 0.01% |
1,859,413
+84,760
| +5% | +$3.37M |
|
1252
PTC Therapeutics
PTCT
$6.12B
| $66.7M | 0.01% |
1,798,666
+10,886
| +0.6% | +$364K |
|
1253
Hawkins
HWKN
$2.71B
| $66.7M | 0.01% |
523,514
+18,119
| +4% | +$2.05M |
|
1254
Brookfield Infrastructure
BIPC
$4.85B
| $66.7M | 0.01% |
1,535,519
+3,179
| +0.2% | +$124K |
|
|
SQSP
1255
DELISTED
Squarespace, Inc.
SQSP
| $66.6M | 0.01% |
1,433,756
+175,471
| +14% | +$7.87M |
|
1256
Urban Edge Properties
UE
$2.73B
| $66.5M | 0.01% |
3,109,608
+130,854
| +4% | +$2.63M |
|
1257
Graham Holdings Company
GHC
$5.02B
| $66.4M | 0.01% |
80,778
-9,797
| -11% | -$7.44M |
|
1258
Rogers Communications
RCI
$18.6B
| $66.2M | 0.01% |
1,633,981
+156,217
| +11% | +$6.11M |
|
1259
American Healthcare REIT
AHR
$10.9B
| $66M | 0.01% |
2,527,123
+1,094,296
| +76% | +$21.3M |
|
1260
Rhythm Pharmaceuticals
RYTM
$7.96B
| $65.8M | 0.01% |
1,256,188
+3,499
| +0.3% | +$168K |
|
1261
Outfront Media
OUT
$5.5B
| $65.7M | 0.01% |
3,630,681
-49,651
| -1% | -$788K |
|
|
CVSA
1262
Covista Inc
CVSA
$4.8B
| $65.7M | 0.01% |
869,871
-14,122
| -2% | -$1.04M |
|
1263
Century Communities
CCS
$2.03B
| $65.7M | 0.01% |
637,540
-12,124
| -2% | -$1.16M |
|
|
PPLI
1264
People Inc
PPLI
$3.1B
| $65.5M | 0.01% |
1,484,108
+31,583
| +2% | +$1.32M |
|
1265
Assured Guaranty
AGO
$3.34B
| $65.5M | 0.01% |
822,942
-21,909
| -3% | -$1.73M |
|
1266
Guardant Health
GH
$22.6B
| $64.8M | 0.01% |
2,822,220
+29,686
| +1% | +$840K |
|
1267
Tandem Diabetes Care
TNDM
$1.56B
| $64.7M | 0.01% |
1,525,816
+18,187
| +1% | +$771K |
|
1268
Simmons First National
SFNC
$3.39B
| $64.5M | 0.01% |
2,992,851
+37,519
| +1% | +$761K |
|
1269
Trinity Industries
TRN
$2.38B
| $64.4M | 0.01% |
1,848,591
+24,832
| +1% | +$797K |
|
|
NSA
1270
DELISTED
National Storage Affiliates Trust
NSA
| $64.3M | 0.01% |
1,333,260
+4,897
| +0.4% | +$219K |
|
1271
Chesapeake Utilities
CPK
$3.21B
| $64.2M | 0.01% |
516,586
+8,358
| +2% | +$976K |
|
1272
Amkor Technology
AMKR
$13.7B
| $64.1M | 0.01% |
2,094,296
+131,106
| +7% | +$4.46M |
|
1273
Red Rock Resorts
RRR
$3.62B
| $63.8M | 0.01% |
1,171,267
+14,029
| +1% | +$781K |
|
1274
Highwoods Properties
HIW
$3.47B
| $63.8M | 0.01% |
1,902,036
+12,958
| +0.7% | +$396K |
|
1275
Visteon
VC
$2.78B
| $63.7M | 0.01% |
668,682
+7,743
| +1% | +$787K |
|
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.