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 | |
|---|---|---|---|---|---|---|
|
INFN
1701
DELISTED
Infinera Corporation Common Stock
INFN
| $31.7M | ﹤0.01% |
4,827,131
-2,355
| -0% | -$15.7K |
|
|
ZUO
1702
DELISTED
Zuora, Inc.
ZUO
| $31.6M | ﹤0.01% |
3,189,175
+52,168
| +2% | +$506K |
|
1703
Progyny
PGNY
$2.44B
| $31.5M | ﹤0.01% |
1,826,429
-96,527
| -5% | -$1.5M |
|
1704
DNOW Inc
DNOW
$2.58B
| $31.5M | ﹤0.01% |
2,418,576
-21,277
| -0.9% | -$287K |
|
1705
Winnebago Industries
WGO
$856M
| $31.4M | ﹤0.01% |
656,972
-4,278
| -0.6% | -$242K |
|
1706
UL Solutions
ULS
$18.5B
| $31.4M | ﹤0.01% |
628,680
+27,744
| +5% | +$1.44M |
|
|
STEL
1707
DELISTED
Stellar Bancorp
STEL
| $31.4M | ﹤0.01% |
1,106,128
-10,001
| -0.9% | -$285K |
|
1708
Praxis Precision Medicines
PRAX
$8.58B
| $31.3M | ﹤0.01% |
406,711
+7,873
| +2% | +$570K |
|
1709
Phreesia
PHR
$663M
| $31.3M | ﹤0.01% |
1,243,325
-2,472
| -0.2% | -$52.8K |
|
1710
Stepan Co
SCL
$1.46B
| $31.2M | ﹤0.01% |
482,652
-4,324
| -0.9% | -$320K |
|
1711
G-III Apparel Group
GIII
$1.54B
| $31.2M | ﹤0.01% |
955,757
-21,574
| -2% | -$678K |
|
|
MTTR
1712
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $31.1M | ﹤0.01% |
6,568,596
+34,434
| +0.5% | +$163K |
|
1713
Papa John's
PZZA
$984M
| $31.1M | ﹤0.01% |
758,068
-427
| -0.1% | -$21K |
|
1714
Preferred Bank
PFBC
$1.24B
| $31.1M | ﹤0.01% |
360,025
+7,428
| +2% | +$656K |
|
1715
Harmony Biosciences
HRMY
$2.04B
| $31.1M | ﹤0.01% |
902,934
+167,516
| +23% | +$5.76M |
|
1716
National Healthcare
NHC
$3.53B
| $31.1M | ﹤0.01% |
288,662
-3,824
| -1% | -$465K |
|
1717
A10 Networks
ATEN
$2.13B
| $30.9M | ﹤0.01% |
1,677,206
+14,764
| +0.9% | +$241K |
|
1718
National Beverage
FIZZ
$2.96B
| $30.8M | ﹤0.01% |
721,810
+15,734
| +2% | +$735K |
|
1719
Diebold Nixdorf
DBD
$2.5B
| $30.8M | ﹤0.01% |
715,290
-2,999
| -0.4% | -$135K |
|
1720
Universal Corp
UVV
$1.31B
| $30.8M | ﹤0.01% |
560,648
-5,708
| -1% | -$306K |
|
1721
Carter's
CRI
$1.42B
| $30.7M | ﹤0.01% |
566,514
-34,070
| -6% | -$1.95M |
|
1722
Live Oak Bancshares
LOB
$1.98B
| $30.6M | ﹤0.01% |
772,796
-928
| -0.1% | -$41.8K |
|
1723
Wave Life Sciences
WVE
$1.09B
| $30.6M | ﹤0.01% |
2,470,751
+201,087
| +9% | +$2.68M |
|
1724
Perella Weinberg Partners
PWP
$1.29B
| $30.6M | ﹤0.01% |
1,281,969
+24,349
| +2% | +$565K |
|
1725
Burford Capital
BUR
$903M
| $30.5M | ﹤0.01% |
2,395,598
-16,916
| -0.7% | -$227K |
|
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.