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 | |
|---|---|---|---|---|---|---|
1776
German American Bancorp
GABC
$1.94B
| $28M | ﹤0.01% |
694,982
-9,112
| -1% | -$386K |
|
1777
Ardelyx
ARDX
$1.24B
| $27.9M | ﹤0.01% |
5,509,730
+21,988
| +0.4% | +$121K |
|
1778
First Advantage
FA
$3.47B
| $27.9M | ﹤0.01% |
1,490,395
+196,332
| +15% | +$3.73M |
|
1779
Fortrea Holdings
FTRE
$1.73B
| $27.9M | ﹤0.01% |
1,494,501
-8,045
| -0.5% | -$157K |
|
1780
Intellia Therapeutics
NTLA
$1.49B
| $27.9M | ﹤0.01% |
2,389,240
+45,930
| +2% | +$717K |
|
1781
Dime Commercial Bancshares
DCOM
$1.82B
| $27.7M | ﹤0.01% |
902,619
+42,610
| +5% | +$1.37M |
|
|
BBT
1782
Beacon Financial Corp
BBT
$2.69B
| $27.7M | ﹤0.01% |
975,304
-3,856
| -0.4% | -$111K |
|
1783
Cracker Barrel
CBRL
$1.31B
| $27.7M | ﹤0.01% |
524,141
+201
| +0% | +$9.94K |
|
1784
AMERISAFE
AMSF
$551M
| $27.7M | ﹤0.01% |
536,836
+83,297
| +18% | +$4.51M |
|
1785
Ocular Therapeutix
OCUL
$1.85B
| $27.6M | ﹤0.01% |
3,236,312
-34,895
| -1% | -$340K |
|
1786
Vicor
VICR
$9.53B
| $27.5M | ﹤0.01% |
569,204
-2,991
| -0.5% | -$149K |
|
|
CSR
1787
Centerspace
CSR
$927M
| $27.5M | ﹤0.01% |
415,680
+28,163
| +7% | +$1.98M |
|
1788
Alignment Healthcare
ALHC
$2.91B
| $27.5M | ﹤0.01% |
2,443,073
+626
| +0% | +$7.32K |
|
1789
Kforce
KFRC
$1.06B
| $27.3M | ﹤0.01% |
482,199
+1,720
| +0.4% | +$99.9K |
|
|
KLG
1790
DELISTED
WK Kellogg Co
KLG
| $27.3M | ﹤0.01% |
1,514,592
+6,879
| +0.5% | +$126K |
|
1791
Tronox
TROX
$938M
| $27.1M | ﹤0.01% |
2,694,293
-19,313
| -0.7% | -$235K |
|
1792
Camping World
CWH
$686M
| $27.1M | ﹤0.01% |
1,285,271
+306,941
| +31% | +$7M |
|
1793
Peoples Bancorp
PEBO
$1.5B
| $27.1M | ﹤0.01% |
854,238
+3,584
| +0.4% | +$118K |
|
|
ATSG
1794
DELISTED
Air Transport Services Group
ATSG
| $27.1M | ﹤0.01% |
1,231,440
-7,273
| -0.6% | -$144K |
|
1795
Encore Capital Group
ECPG
$2.08B
| $27.1M | ﹤0.01% |
566,504
-3,543
| -0.6% | -$168K |
|
1796
NextNav
NN
$1.89B
| $26.9M | ﹤0.01% |
1,731,051
+39,543
| +2% | +$527K |
|
|
SLNO
1797
DELISTED
Soleno Therapeutics
SLNO
| $26.9M | ﹤0.01% |
599,119
+58,823
| +11% | +$3.05M |
|
1798
Scansource
SCSC
$1.17B
| $26.9M | ﹤0.01% |
567,142
-17,930
| -3% | -$877K |
|
|
ARI
1799
Apollo Commercial Real Estate
ARI
$879M
| $26.8M | ﹤0.01% |
3,095,323
-83,352
| -3% | -$749K |
|
1800
MiMedx Group
MDXG
$649M
| $26.7M | ﹤0.01% |
2,779,409
-14,949
| -0.5% | -$116K |
|
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.