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 | |
|---|---|---|---|---|---|---|
1401
AAR Corp
AIR
$5.76B
| $52.1M | ﹤0.01% |
796,962
+27,747
| +4% | +$1.84M |
|
1402
Strategic Education
STRA
$1.92B
| $52M | ﹤0.01% |
561,274
+28,082
| +5% | +$2.84M |
|
1403
Enerpac Tool Group
EPAC
$1.93B
| $51.8M | ﹤0.01% |
1,236,259
+21,056
| +2% | +$844K |
|
|
ROIC
1404
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $51.8M | ﹤0.01% |
3,290,973
+24,421
| +0.7% | +$357K |
|
1405
Ambarella
AMBA
$3.81B
| $51.7M | ﹤0.01% |
916,757
+14,568
| +2% | +$775K |
|
1406
Calix
CALX
$2.39B
| $51.7M | ﹤0.01% |
1,331,565
+14,725
| +1% | +$541K |
|
1407
InvenTrust Properties
IVT
$2.59B
| $51.5M | ﹤0.01% |
1,816,716
+92,367
| +5% | +$2.56M |
|
1408
Futu Holdings
FUTU
$15.3B
| $51.5M | ﹤0.01% |
545,949
+17,513
| +3% | +$1.11M |
|
1409
Clarivate
CLVT
$1.16B
| $51.4M | ﹤0.01% |
7,243,336
+571,289
| +9% | +$3.64M |
|
1410
Tencent Music
TME
$15.6B
| $51.4M | ﹤0.01% |
4,303,518
+93,719
| +2% | +$1.15M |
|
1411
Teradata
TDC
$2.55B
| $51.1M | ﹤0.01% |
1,685,317
+8,289
| +0.5% | +$247K |
|
1412
Penske Automotive Group
PAG
$14.2B
| $51M | ﹤0.01% |
313,877
-1,846
| -0.6% | -$294K |
|
1413
Newell Brands
NWL
$2.56B
| $51M | ﹤0.01% |
6,635,283
+115,459
| +2% | +$827K |
|
1414
Vipshop
VIPS
$7.53B
| $50.9M | ﹤0.01% |
3,256,744
+176,037
| +6% | +$2.36M |
|
1415
BancFirst
BANF
$3.8B
| $50.8M | ﹤0.01% |
482,785
+58,016
| +14% | +$5.89M |
|
1416
Enova International
ENVA
$6.29B
| $50.7M | ﹤0.01% |
605,035
-9,251
| -2% | -$717K |
|
|
IBTX
1417
DELISTED
Independent Bank Group, Inc.
IBTX
| $50.7M | ﹤0.01% |
879,076
+15,447
| +2% | +$844K |
|
1418
Chemours
CC
$2.37B
| $50.6M | ﹤0.01% |
2,491,748
+28,803
| +1% | +$589K |
|
1419
Brady Corp
BRC
$4.57B
| $50.4M | ﹤0.01% |
658,093
+45,206
| +7% | +$3.22M |
|
1420
LeMaitre Vascular
LMAT
$1.86B
| $50.4M | ﹤0.01% |
542,523
+23,443
| +5% | +$2.03M |
|
1421
Columbia Sportswear
COLM
$2.94B
| $50.3M | ﹤0.01% |
604,824
+4,727
| +0.8% | +$379K |
|
1422
Intapp
INTA
$2.91B
| $50.3M | ﹤0.01% |
1,051,237
+95,035
| +10% | +$3.83M |
|
1423
Descartes Systems
DSGX
$6.82B
| $50.3M | ﹤0.01% |
479,681
+46,523
| +11% | +$4.62M |
|
1424
Hillman Solutions
HLMN
$1.79B
| $50.2M | ﹤0.01% |
4,753,174
+113,692
| +2% | +$1.1M |
|
|
NARI
1425
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $50.1M | ﹤0.01% |
1,213,735
-6,378
| -0.5% | -$306K |
|
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.