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 | |
|---|---|---|---|---|---|---|
|
BDN
1876
Brandywine Realty Trust
BDN
$539M
| $24.1M | ﹤0.01% |
4,307,804
-80,900
| -2% | -$451K |
|
|
BELFB
1877
Bel Fuse Inc Class B
BELFB
$3.79B
| $24.1M | ﹤0.01% |
292,020
+2,722
| +0.9% | +$220K |
|
1878
Fluence Energy
FLNC
$1.94B
| $24M | ﹤0.01% |
1,513,219
+5,216
| +0.3% | +$102K |
|
1879
Under Armour
UAA
$2.93B
| $23.9M | ﹤0.01% |
2,890,105
+9,024
| +0.3% | +$82.5K |
|
|
BRSL
1880
Brightstar Lottery PLC
BRSL
$1.86B
| $23.9M | ﹤0.01% |
1,353,562
-8,323
| -0.6% | -$164K |
|
1881
Rocket Companies
RKT
$38.5B
| $23.9M | ﹤0.01% |
2,118,701
+74,726
| +4% | +$1.11M |
|
1882
Janus International
JBI
$734M
| $23.8M | ﹤0.01% |
3,232,960
+17,750
| +0.6% | +$146K |
|
|
FBMS
1883
DELISTED
The First Bancshares, Inc.
FBMS
| $23.7M | ﹤0.01% |
678,407
+2,959
| +0.4% | +$103K |
|
1884
Xerox
XRX
$413M
| $23.7M | ﹤0.01% |
2,815,543
+6,768
| +0.2% | +$62.4K |
|
|
SARO
1885
StandardAero Inc
SARO
$9.87B
| $23.7M | ﹤0.01% |
+958,353
| New | +$27.7M |
|
1886
ANI Pharmaceuticals
ANIP
$1.8B
| $23.7M | ﹤0.01% |
428,999
+3,774
| +0.9% | +$217K |
|
1887
NextDecade
NEXT
$1.76B
| $23.7M | ﹤0.01% |
3,075,331
+48,401
| +2% | +$310K |
|
|
VMEO
1888
DELISTED
Vimeo
VMEO
| $23.7M | ﹤0.01% |
3,697,159
-73,646
| -2% | -$443K |
|
|
PENG
1889
Penguin Solutions Inc
PENG
$2.76B
| $23.6M | ﹤0.01% |
1,231,689
-2,212
| -0.2% | -$40.4K |
|
|
NXRT
1890
NexPoint Residential Trust
NXRT
$668M
| $23.6M | ﹤0.01% |
564,582
-11,502
| -2% | -$509K |
|
1891
Innoviva
INVA
$1.53B
| $23.6M | ﹤0.01% |
1,357,136
-421
| -0% | -$8.08K |
|
1892
Mobileye
MBLY
$2.05B
| $23.5M | ﹤0.01% |
1,179,651
-251,674
| -18% | -$3.96M |
|
1893
AdaptHealth
AHCO
$1.51B
| $23.5M | ﹤0.01% |
2,467,769
+16,596
| +0.7% | +$168K |
|
|
WNS
1894
DELISTED
WNS Holdings
WNS
| $23.4M | ﹤0.01% |
493,627
-185,961
| -27% | -$9.18M |
|
1895
Century Aluminum
CENX
$4.43B
| $23.3M | ﹤0.01% |
1,278,858
-914
| -0.1% | -$18K |
|
|
DX
1896
Dynex Capital
DX
$3.15B
| $23.3M | ﹤0.01% |
1,838,020
+136,280
| +8% | +$1.7M |
|
1897
Transcat
TRNS
$830M
| $23.2M | ﹤0.01% |
219,354
+1,881
| +0.9% | +$209K |
|
1898
TriMas Corp
TRS
$1.44B
| $23M | ﹤0.01% |
935,255
-11,792
| -1% | -$309K |
|
|
SAFE
1899
Safehold
SAFE
$1.17B
| $22.9M | ﹤0.01% |
1,241,614
-6,126
| -0.5% | -$133K |
|
|
PGRE
1900
DELISTED
Paramount Group
PGRE
| $22.9M | ﹤0.01% |
4,636,500
-59,061
| -1% | -$292K |
|
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.