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 | |
|---|---|---|---|---|---|---|
1426
CONMED
CNMD
$1.47B
| $49.9M | ﹤0.01% |
693,400
+8,274
| +1% | +$584K |
|
1427
Payoneer
PAYO
$2.41B
| $49.9M | ﹤0.01% |
6,621,125
-44,473
| -0.7% | -$289K |
|
1428
Kymera Therapeutics
KYMR
$8.94B
| $49.9M | ﹤0.01% |
1,053,224
-996
| -0.1% | -$44K |
|
1429
Mirion Technologies
MIR
$3.91B
| $49.9M | ﹤0.01% |
4,502,455
+147,408
| +3% | +$1.55M |
|
|
PRMW
1430
DELISTED
Primo Water Corporation
PRMW
| $49.7M | ﹤0.01% |
1,967,172
-4,144
| -0.2% | -$92.6K |
|
1431
NBT Bancorp
NBTB
$2.74B
| $49.5M | ﹤0.01% |
1,118,410
+10,628
| +1% | +$480K |
|
1432
Credit Acceptance
CACC
$6.08B
| $49.4M | ﹤0.01% |
111,379
+2,522
| +2% | +$1.24M |
|
|
FL
1433
DELISTED
Foot Locker
FL
| $49.3M | ﹤0.01% |
1,908,253
+25,394
| +1% | +$702K |
|
1434
TFI International
TFII
$11.5B
| $49.3M | ﹤0.01% |
356,808
+22,566
| +7% | +$3.33M |
|
1435
First Hawaiian
FHB
$3.35B
| $49.3M | ﹤0.01% |
2,127,405
+4,356
| +0.2% | +$102K |
|
1436
Brighthouse Financial
BHF
$3.5B
| $49.2M | ﹤0.01% |
1,091,462
+8,004
| +0.7% | +$360K |
|
1437
Vertex
VERX
$1.94B
| $49.1M | ﹤0.01% |
1,275,283
+37,592
| +3% | +$1.39M |
|
1438
Banner Corp
BANR
$2.4B
| $49.1M | ﹤0.01% |
823,763
+11,808
| +1% | +$667K |
|
1439
Evertec
EVTC
$1.78B
| $49M | ﹤0.01% |
1,445,301
-182,337
| -11% | -$6.08M |
|
1440
Energizer
ENR
$1.55B
| $48.9M | ﹤0.01% |
1,539,227
+722
| +0% | +$21.7K |
|
1441
JetBlue
JBLU
$2.29B
| $48.8M | ﹤0.01% |
7,440,590
-252,282
| -3% | -$1.42M |
|
1442
Vericel Corp
VCEL
$2.31B
| $48.8M | ﹤0.01% |
1,154,053
+9,613
| +0.8% | +$457K |
|
|
VGR
1443
DELISTED
Vector Group Ltd.
VGR
| $48.7M | ﹤0.01% |
3,262,225
-282,335
| -8% | -$3.8M |
|
1444
International Seaways
INSW
$4.57B
| $48.6M | ﹤0.01% |
943,375
+38,871
| +4% | +$2.05M |
|
1445
Bloom Energy
BE
$64.6B
| $48.6M | ﹤0.01% |
4,602,434
-103,905
| -2% | -$1.23M |
|
1446
OFG Bancorp
OFG
$2.21B
| $48.6M | ﹤0.01% |
1,080,937
+4,398
| +0.4% | +$189K |
|
1447
Braze
BRZE
$2.99B
| $48.4M | ﹤0.01% |
1,497,188
+229,660
| +18% | +$9.07M |
|
1448
Apogee Therapeutics
APGE
$10.2B
| $48.4M | ﹤0.01% |
823,839
+82,978
| +11% | +$3.98M |
|
1449
Omnicell
OMCL
$1.68B
| $48.2M | ﹤0.01% |
1,104,745
+2,877
| +0.3% | +$108K |
|
1450
Intellia Therapeutics
NTLA
$1.67B
| $48.2M | ﹤0.01% |
2,343,310
+49,367
| +2% | +$1.14M |
|
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.