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 | |
|---|---|---|---|---|---|---|
1851
Monarch Casino & Resort
MCRI
$2.22B
| $24.8M | ﹤0.01% |
314,245
-660
| -0.2% | -$53.2K |
|
|
MRC
1852
DELISTED
MRC Global
MRC
| $24.7M | ﹤0.01% |
1,936,112
-20,613
| -1% | -$270K |
|
1853
Grocery Outlet
GO
$944M
| $24.7M | ﹤0.01% |
1,583,666
-30,216
| -2% | -$526K |
|
1854
Navient
NAVI
$821M
| $24.7M | ﹤0.01% |
1,856,960
-41,966
| -2% | -$628K |
|
|
JAMF
1855
DELISTED
Jamf
JAMF
| $24.7M | ﹤0.01% |
1,754,441
+3,101
| +0.2% | +$48.9K |
|
1856
DXP Enterprises
DXPE
$2.51B
| $24.6M | ﹤0.01% |
297,902
-3,912
| -1% | -$257K |
|
|
TPC
1857
Tutor Perini Cor
TPC
$4.53B
| $24.6M | ﹤0.01% |
1,017,025
-6,173
| -0.6% | -$168K |
|
|
ARR
1858
Armour Residential REIT
ARR
$2.34B
| $24.6M | ﹤0.01% |
1,304,665
+156,514
| +14% | +$3M |
|
1859
Rush Street Interactive
RSI
$2.91B
| $24.6M | ﹤0.01% |
1,793,273
+57,014
| +3% | +$693K |
|
1860
TAL Education Group
TAL
$6.76B
| $24.6M | ﹤0.01% |
2,468,598
+59,948
| +2% | +$630K |
|
1861
PC Connection
CNXN
$2.16B
| $24.6M | ﹤0.01% |
354,459
+8,329
| +2% | +$598K |
|
1862
Universal Technical Institute
UTI
$2.23B
| $24.6M | ﹤0.01% |
954,942
+2,143
| +0.2% | +$44.6K |
|
|
NVEE
1863
DELISTED
NV5 Global
NVEE
| $24.5M | ﹤0.01% |
1,302,719
-5,449
| -0.4% | -$120K |
|
|
BRKL
1864
DELISTED
Brookline Bancorp
BRKL
| $24.5M | ﹤0.01% |
2,077,639
-11,548
| -0.6% | -$134K |
|
1865
Utz Brands
UTZ
$1.25B
| $24.5M | ﹤0.01% |
1,561,986
+13,755
| +0.9% | +$233K |
|
1866
Worthington Steel
WS
$1.84B
| $24.5M | ﹤0.01% |
768,374
-2,997
| -0.4% | -$117K |
|
|
MFA
1867
MFA Financial
MFA
$933M
| $24.5M | ﹤0.01% |
2,399,195
-8,260
| -0.3% | -$94.8K |
|
1868
Dorian LPG
LPG
$1.98B
| $24.4M | ﹤0.01% |
1,001,189
+36,967
| +4% | +$1.03M |
|
1869
Turning Point Brands
TPB
$1.51B
| $24.4M | ﹤0.01% |
405,724
+111
| +0% | +$5.93K |
|
|
EFC
1870
Ellington Financial
EFC
$1.67B
| $24.4M | ﹤0.01% |
2,008,827
+43,531
| +2% | +$538K |
|
1871
Driven Brands
DRVN
$2.44B
| $24.3M | ﹤0.01% |
1,506,351
-4,879
| -0.3% | -$76.5K |
|
|
RDFN
1872
DELISTED
Redfin
RDFN
| $24.2M | ﹤0.01% |
3,079,813
+56,865
| +2% | +$551K |
|
1873
Innodata
INOD
$2.15B
| $24.2M | ﹤0.01% |
613,017
-731
| -0.1% | -$23K |
|
1874
Harrow
HROW
$1.44B
| $24.2M | ﹤0.01% |
721,108
-1,622
| -0.2% | -$71.8K |
|
|
FBRT
1875
Franklin BSP Realty Trust
FBRT
$634M
| $24.2M | ﹤0.01% |
1,925,929
-13,586
| -0.7% | -$176K |
|
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.