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 |
Microsoft
MSFT
|
+$1.76B |
| 2 |
ExxonMobil
XOM
|
+$1.36B |
| 3 |
Apple
AAPL
|
+$1.05B |
| 4 |
Amazon
AMZN
|
+$1.02B |
| 5 |
NVIDIA
NVDA
|
+$972M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$1.24B |
| 2 |
GE Aerospace
GE
|
+$718M |
| 3 |
Broadcom
AVGO
|
+$437M |
| 4 |
Apollo Global Management
APO
|
+$275M |
| 5 |
Super Micro Computer
SMCI
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.88% |
| 2 | Financials | 12.28% |
| 3 | Healthcare | 11.67% |
| 4 | Consumer Discretionary | 10.22% |
| 5 | Communication Services | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1651
First Commonwealth Financial
FCF
$2.17B
| $32.4M | ﹤0.01% |
2,343,112
+82,814
| +4% | +$1.11M |
|
1652
Mercury Insurance
MCY
$6.07B
| $32.3M | ﹤0.01% |
608,196
+22,604
| +4% | +$1.22M |
|
1653
Skyward Specialty Insurance
SKWD
$2.58B
| $32.3M | ﹤0.01% |
892,907
+210,622
| +31% | +$7.64M |
|
1654
Chefs' Warehouse
CHEF
$4.5B
| $32.3M | ﹤0.01% |
824,490
+25,531
| +3% | +$943K |
|
1655
Par Pacific Holdings
PARR
$3.32B
| $32.2M | ﹤0.01% |
1,275,499
+57,763
| +5% | +$1.71M |
|
1656
TripAdvisor
TRIP
$1.26B
| $32.2M | ﹤0.01% |
1,804,854
+60,988
| +3% | +$1.32M |
|
1657
Liberty Latin America Class C
LILAK
$1.64B
| $32.1M | ﹤0.01% |
3,673,209
+66,068
| +2% | +$493K |
|
1658
Customers Bancorp
CUBI
$2.77B
| $32.1M | ﹤0.01% |
669,189
+40,931
| +7% | +$1.93M |
|
1659
Blue Bird Corp
BLBD
$2.18B
| $32.1M | ﹤0.01% |
595,930
+67,619
| +13% | +$3.11M |
|
1660
Xerox
XRX
$425M
| $31.9M | ﹤0.01% |
2,745,828
+66,772
| +2% | +$969K |
|
|
ODP
1661
DELISTED
ODP
ODP
| $31.8M | ﹤0.01% |
810,854
+55,105
| +7% | +$2.45M |
|
|
TWO
1662
Two Harbors Investment
TWO
$1.27B
| $31.6M | ﹤0.01% |
2,392,556
+90,021
| +4% | +$1.15M |
|
1663
Empire State Realty Trust
ESRT
$836M
| $31.6M | ﹤0.01% |
3,368,396
+180,497
| +6% | +$1.68M |
|
1664
FB Financial Corp
FBK
$3.04B
| $31.6M | ﹤0.01% |
808,340
+27,861
| +4% | +$1.03M |
|
1665
Burford Capital
BUR
$971M
| $31.5M | ﹤0.01% |
+2,417,330
| New | +$35.5M |
|
1666
Kymera Therapeutics
KYMR
$8.94B
| $31.5M | ﹤0.01% |
1,054,220
+88,520
| +9% | +$3.06M |
|
|
DEA
1667
Easterly Government Properties
DEA
$1.18B
| $31.5M | ﹤0.01% |
1,017,377
+55,086
| +6% | +$1.63M |
|
|
ALEX
1668
DELISTED
Alexander & Baldwin
ALEX
| $31.4M | ﹤0.01% |
1,852,900
+63,355
| +4% | +$1.04M |
|
|
ARI
1669
Apollo Commercial Real Estate
ARI
$885M
| $31.4M | ﹤0.01% |
3,209,590
+171,818
| +6% | +$1.77M |
|
1670
Northwest Natural Holdings
NWN
$2.12B
| $31.4M | ﹤0.01% |
868,916
+52,709
| +6% | +$1.95M |
|
1671
Stock Yards Bancorp
SYBT
$2.6B
| $31.4M | ﹤0.01% |
631,353
+9,020
| +1% | +$421K |
|
1672
US Physical Therapy
USPH
$1.22B
| $31.3M | ﹤0.01% |
338,596
+11,346
| +3% | +$1.15M |
|
1673
Harmonic Inc
HLIT
$1.28B
| $31.3M | ﹤0.01% |
2,657,603
+129,571
| +5% | +$1.46M |
|
1674
Madison Square Garden
MSGE
$3.62B
| $31.3M | ﹤0.01% |
913,691
+30,970
| +4% | +$1.14M |
|
1675
Aspen Aerogels
ASPN
$518M
| $31.3M | ﹤0.01% |
1,310,944
+128,918
| +11% | +$3.03M |
|
Similar funds
Geode Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, Geode Capital Management held 4,723 positions worth $1.14T, up 5.4% from $1.08T the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Geode Capital Management's Q2 2024 filing shows 114 new, 3,571 increased, 603 reduced and 134 closed positions. Its largest new stake was GE Vernova: 5,513,744 shares worth $943M. The largest sale was Pioneer Natural Resource Co., an estimated $1.24B.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q2 2024 buy was GE Vernova: 5,513,744 shares worth $943M.
- Geode Capital Management added most to Microsoft in Q2 2024, an estimated $1.76B increase.
- Geode Capital Management's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $718M.
- Geode Capital Management fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $1.24B.
- Geode Capital Management's ten largest holdings make up 31% of its $1.14T portfolio in Q2 2024.
- Geode Capital Management opened 114 new positions and closed 134 in Q2 2024.
- Geode Capital Management's portfolio value rose 5.4% quarter-over-quarter to $1.14T.
Based on Geode Capital Management's 13F filing for Q2 2024, filed 9 Aug 2024.