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 | |
|---|---|---|---|---|---|---|
1351
Urban Outfitters
URBN
$6.59B
| $56.8M | ﹤0.01% |
1,481,469
+18,249
| +1% | +$742K |
|
1352
Oceaneering
OII
$4.77B
| $56.7M | ﹤0.01% |
2,279,039
+26,328
| +1% | +$678K |
|
1353
Werner Enterprises
WERN
$2.25B
| $56.6M | ﹤0.01% |
1,466,646
-19,339
| -1% | -$716K |
|
1354
Interparfums
IPAR
$3.94B
| $56.5M | ﹤0.01% |
436,137
+5,056
| +1% | +$632K |
|
1355
Uranium Energy
UEC
$5.57B
| $56.4M | ﹤0.01% |
9,083,449
+159,921
| +2% | +$868K |
|
1356
Addus HomeCare
ADUS
$2.23B
| $56.4M | ﹤0.01% |
423,934
+28,284
| +7% | +$3.57M |
|
1357
CVB Financial
CVBF
$3.99B
| $56.4M | ﹤0.01% |
3,164,463
+15,628
| +0.5% | +$279K |
|
1358
Standex International
SXI
$4.12B
| $56.3M | ﹤0.01% |
308,217
+9,119
| +3% | +$1.59M |
|
1359
Crane NXT
CXT
$3.07B
| $56.2M | ﹤0.01% |
1,000,796
+60,468
| +6% | +$3.51M |
|
1360
Park National Corp
PRK
$3.67B
| $56.1M | ﹤0.01% |
334,188
+3,165
| +1% | +$525K |
|
1361
AZZ Inc
AZZ
$4.54B
| $55.8M | ﹤0.01% |
675,603
+10,072
| +2% | +$796K |
|
1362
Towne Bank
TOWN
$3.42B
| $55.7M | ﹤0.01% |
1,685,643
+18,929
| +1% | +$608K |
|
1363
Park Hotels & Resorts
PK
$2.97B
| $55.5M | ﹤0.01% |
3,936,127
-6,744
| -0.2% | -$98.2K |
|
1364
Newmark Group
NMRK
$2.63B
| $55.2M | ﹤0.01% |
3,554,867
+190,974
| +6% | +$2.48M |
|
1365
Bread Financial
BFH
$4.38B
| $55M | ﹤0.01% |
1,155,989
+13,459
| +1% | +$685K |
|
1366
StoneX
SNEX
$7.94B
| $55M | ﹤0.01% |
2,265,492
+59,970
| +3% | +$1.41M |
|
1367
Kinross Gold
KGC
$32.8B
| $54.8M | ﹤0.01% |
5,730,283
+828,456
| +17% | +$7.44M |
|
1368
UFP Technologies
UFPT
$2.43B
| $54.8M | ﹤0.01% |
172,996
+3,333
| +2% | +$1.06M |
|
1369
Vishay Intertechnology
VSH
$5.43B
| $54.8M | ﹤0.01% |
2,896,930
-82,561
| -3% | -$1.72M |
|
1370
Scorpio Tankers
STNG
$3.81B
| $54.8M | ﹤0.01% |
768,129
+38,599
| +5% | +$2.82M |
|
|
AMED
1371
DELISTED
Amedisys
AMED
| $54.7M | ﹤0.01% |
567,105
+7,071
| +1% | +$690K |
|
1372
Provident Financial Services
PFS
$3.19B
| $54.7M | ﹤0.01% |
2,947,394
+53,943
| +2% | +$954K |
|
1373
Choice Hotels
CHH
$4.8B
| $54.6M | ﹤0.01% |
419,074
-10,565
| -2% | -$1.32M |
|
1374
iRhythm Holdings
IRTC
$4.2B
| $54.5M | ﹤0.01% |
733,308
+5,423
| +0.7% | +$432K |
|
1375
Lucid Motors
LCID
$2.77B
| $54.4M | ﹤0.01% |
1,541,853
-91,379
| -6% | -$3.18M |
|
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.