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
|
+$1.49B |
| 2 |
Microsoft
MSFT
|
+$1.32B |
| 3 |
NVIDIA
NVDA
|
+$1.31B |
| 4 |
Amazon
AMZN
|
+$1.03B |
| 5 |
Meta Platforms (Facebook)
META
|
+$599M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$366M |
| 2 |
MRO
Marathon Oil Corporation
MRO
|
+$354M |
| 3 |
CTLT
CATALENT, INC.
CTLT
|
+$257M |
| 4 |
Palo Alto Networks
PANW
|
+$176M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.81% |
| 2 | Financials | 13.54% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Healthcare | 10.13% |
| 5 | Communication Services | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Ligand Pharmaceuticals
LGND
$5.76B
| $47M | ﹤0.01% |
438,441
+10,171
| +2% | +$1.15M |
|
1477
Triumph Financial Inc
TFIN
$1.81B
| $46.9M | ﹤0.01% |
516,469
-1,643
| -0.3% | -$153K |
|
1478
ScottsMiracle-Gro
SMG
$3.82B
| $46.8M | ﹤0.01% |
705,597
-2,961
| -0.4% | -$234K |
|
1479
ePlus
PLUS
$2.42B
| $46.7M | ﹤0.01% |
631,657
-100,252
| -14% | -$8.75M |
|
1480
Calix
CALX
$2.26B
| $46.7M | ﹤0.01% |
1,337,709
+6,144
| +0.5% | +$216K |
|
1481
Geron
GERN
$828M
| $46.5M | ﹤0.01% |
13,141,514
+73,515
| +0.6% | +$294K |
|
1482
Tarsus Pharmaceuticals
TARS
$2.58B
| $46.5M | ﹤0.01% |
838,804
+3,014
| +0.4% | +$137K |
|
1483
Century Communities
CCS
$1.91B
| $46.4M | ﹤0.01% |
632,135
-5,405
| -0.8% | -$482K |
|
1484
Huntsman Corp
HUN
$1.71B
| $46.2M | ﹤0.01% |
2,563,872
-19,650
| -0.8% | -$409K |
|
1485
Hillman Solutions
HLMN
$1.54B
| $46M | ﹤0.01% |
4,724,348
-28,826
| -0.6% | -$308K |
|
1486
Materion
MTRN
$4.39B
| $45.9M | ﹤0.01% |
463,759
-3,213
| -0.7% | -$349K |
|
|
SEM
1487
DELISTED
Select Medical
SEM
| $45.7M | ﹤0.01% |
2,424,508
-2,108,440
| -47% | -$40.7M |
|
1488
OFG Bancorp
OFG
$2.23B
| $45.4M | ﹤0.01% |
1,071,837
-9,100
| -0.8% | -$392K |
|
1489
ManpowerGroup
MAN
$2.44B
| $45.4M | ﹤0.01% |
785,775
-8,929
| -1% | -$569K |
|
1490
Acushnet Holdings
GOLF
$5.93B
| $45.2M | ﹤0.01% |
636,354
-13,346
| -2% | -$906K |
|
1491
Newmark Group
NMRK
$2.66B
| $45.2M | ﹤0.01% |
3,528,578
-26,289
| -0.7% | -$388K |
|
1492
Stock Yards Bancorp
SYBT
$2.64B
| $45.2M | ﹤0.01% |
631,089
-5,655
| -0.9% | -$398K |
|
1493
NCR Voyix
VYX
$1.14B
| $45.1M | ﹤0.01% |
3,261,442
-5,292
| -0.2% | -$73.4K |
|
|
QXO
1494
QXO Inc
QXO
$13.8B
| $45.1M | ﹤0.01% |
2,836,811
-16,842
| -0.6% | -$265K |
|
1495
CAE Inc. Common Shares
CAE
$8.3B
| $44.9M | ﹤0.01% |
1,779,962
+423,780
| +31% | +$8.94M |
|
1496
Futu Holdings
FUTU
$14.7B
| $44.9M | ﹤0.01% |
567,635
+21,686
| +4% | +$2.03M |
|
1497
LiveRamp
RAMP
$2.3B
| $44.9M | ﹤0.01% |
1,476,645
-16,877
| -1% | -$472K |
|
1498
Beam Therapeutics
BEAM
$2.63B
| $44.8M | ﹤0.01% |
1,804,374
-3,309
| -0.2% | -$84.5K |
|
1499
Kymera Therapeutics
KYMR
$8.51B
| $44.5M | ﹤0.01% |
1,105,487
+52,263
| +5% | +$2.36M |
|
1500
Dyne Therapeutics
DYN
$4.7B
| $44.5M | ﹤0.01% |
1,887,329
+27,916
| +2% | +$826K |
|
Similar funds
Geode Capital Management's Q4 2024 Portfolio in Review
As of Q4 2024, Geode Capital Management held 4,614 positions worth $1.29T, up 4.5% from $1.23T the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 4.7%. Geode Capital Management opened 80 new positions and exited 137, leaving the 4,614-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q4 2024 buy was Primo Brands: 3,477,223 shares worth $107M.
- Geode Capital Management added most to Apple in Q4 2024, an estimated $1.49B increase.
- Geode Capital Management's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $366M.
- Geode Capital Management fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $354M.
- Geode Capital Management's ten largest holdings make up 32% of its $1.29T portfolio in Q4 2024.
- Geode Capital Management opened 80 new positions and closed 137 in Q4 2024.
- Geode Capital Management's portfolio value rose 4.5% quarter-over-quarter to $1.29T.
Based on Geode Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.