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 | |
|---|---|---|---|---|---|---|
1526
La-Z-Boy
LZB
$1.58B
| $42.7M | ﹤0.01% |
980,474
-2,380
| -0.2% | -$101K |
|
1527
IPG Photonics
IPGP
$3.61B
| $42.7M | ﹤0.01% |
587,088
-3,546
| -0.6% | -$272K |
|
1528
Cable One
CABO
$227M
| $42.6M | ﹤0.01% |
117,722
-448
| -0.4% | -$168K |
|
1529
NETSCOUT
NTCT
$2.96B
| $42.5M | ﹤0.01% |
1,959,996
+30,445
| +2% | +$660K |
|
|
MPT
1530
Medical Properties Trust
MPT
$2.77B
| $42.4M | ﹤0.01% |
10,742,446
+58,828
| +0.6% | +$263K |
|
1531
Plug Power
PLUG
$2.87B
| $42.4M | ﹤0.01% |
19,917,268
+722,639
| +4% | +$1.58M |
|
1532
Telus
TU
$14.9B
| $42.4M | ﹤0.01% |
3,032,404
+696,744
| +30% | +$10.7M |
|
1533
Stewart Information Services
STC
$2.06B
| $42.3M | ﹤0.01% |
627,092
-3,659
| -0.6% | -$262K |
|
1534
Federal Agricultural Mortgage
AGM
$2.47B
| $42.3M | ﹤0.01% |
214,779
-512
| -0.2% | -$102K |
|
1535
UFP Technologies
UFPT
$1.97B
| $42.3M | ﹤0.01% |
172,955
-41
| -0% | -$11.9K |
|
1536
City Holding Co
CHCO
$2.05B
| $42M | ﹤0.01% |
354,237
-1,703
| -0.5% | -$211K |
|
1537
Sonos
SONO
$1.73B
| $41.9M | ﹤0.01% |
2,787,486
-32,970
| -1% | -$444K |
|
1538
Chemours
CC
$2.5B
| $41.9M | ﹤0.01% |
2,479,013
-12,735
| -0.5% | -$248K |
|
1539
Howard Hughes
HHH
$3.81B
| $41.9M | ﹤0.01% |
544,250
-4,567
| -0.8% | -$364K |
|
1540
Photronics
PLAB
$1.79B
| $41.8M | ﹤0.01% |
1,775,402
+30,237
| +2% | +$740K |
|
1541
Marqeta
MQ
$1.83B
| $41.8M | ﹤0.01% |
2,757,898
+79,546
| +3% | +$1.4M |
|
1542
United States Lime & Minerals
USLM
$3.16B
| $41.8M | ﹤0.01% |
314,531
+6,482
| +2% | +$822K |
|
1543
Liberty Global Class C
LBTYK
$3.53B
| $41.7M | ﹤0.01% |
3,172,608
-180,990
| -5% | -$3.12M |
|
1544
Rogers Corp
ROG
$2.21B
| $41.6M | ﹤0.01% |
409,771
-1,277
| -0.3% | -$133K |
|
1545
Enovix
ENVX
$892M
| $41.5M | ﹤0.01% |
4,364,374
+268,734
| +7% | +$2.36M |
|
1546
Buckle
BKE
$2.25B
| $41.5M | ﹤0.01% |
815,688
+16,610
| +2% | +$785K |
|
1547
FB Financial Corp
FBK
$3.02B
| $41.4M | ﹤0.01% |
804,373
-10,988
| -1% | -$572K |
|
1548
Lakeland Financial Corp
LKFN
$1.56B
| $41.4M | ﹤0.01% |
602,488
-2,519
| -0.4% | -$175K |
|
1549
Mercury Insurance
MCY
$5.93B
| $41.4M | ﹤0.01% |
622,724
-736
| -0.1% | -$51.8K |
|
|
HAPN
1550
Happen Inc
HAPN
$2.21B
| $41.4M | ﹤0.01% |
2,553,678
-6,127
| -0.2% | -$90.3K |
|
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.