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 | |
|---|---|---|---|---|---|---|
1951
SunCoke Energy
SXC
$797M
| $19.1M | ﹤0.01% |
1,943,804
+99,544
| +5% | +$1.03M |
|
1952
Shenandoah Telecom
SHEN
$746M
| $19M | ﹤0.01% |
1,164,681
+47,464
| +4% | +$764K |
|
1953
TechTarget
TTGT
$278M
| $19M | ﹤0.01% |
609,911
+15,222
| +3% | +$452K |
|
1954
Driven Brands
DRVN
$2.2B
| $19M | ﹤0.01% |
1,491,549
+452,205
| +44% | +$5.72M |
|
1955
American Superconductor
AMSC
$1.59B
| $19M | ﹤0.01% |
810,901
+426,160
| +111% | +$7.04M |
|
|
AHRT
1956
AH Realty Trust
AHRT
$517M
| $19M | ﹤0.01% |
1,709,034
+40,756
| +2% | +$445K |
|
1957
Gorman-Rupp
GRC
$2.21B
| $18.9M | ﹤0.01% |
515,933
-10,189
| -2% | -$360K |
|
1958
Claros Mortgage Trust
CMTG
$274M
| $18.9M | ﹤0.01% |
2,358,781
+30,574
| +1% | +$259K |
|
1959
Metallus
MTUS
$898M
| $18.9M | ﹤0.01% |
930,600
+40,177
| +5% | +$879K |
|
1960
Alignment Healthcare
ALHC
$2.98B
| $18.8M | ﹤0.01% |
2,409,608
+324,212
| +16% | +$2.12M |
|
1961
Arcus Biosciences
RCUS
$3.64B
| $18.8M | ﹤0.01% |
1,233,075
+61,107
| +5% | +$986K |
|
1962
Malibu Boats
MBUU
$567M
| $18.7M | ﹤0.01% |
532,301
+26,110
| +5% | +$955K |
|
1963
Marcus & Millichap
MMI
$1.19B
| $18.6M | ﹤0.01% |
589,620
+22,810
| +4% | +$738K |
|
1964
CareDx
CDNA
$2.42B
| $18.6M | ﹤0.01% |
1,195,583
+527
| +0% | +$6.37K |
|
1965
Clearwater Paper
CLW
$376M
| $18.6M | ﹤0.01% |
382,967
+18,034
| +5% | +$848K |
|
1966
Maravai LifeSciences
MRVI
$919M
| $18.5M | ﹤0.01% |
2,589,476
+761,564
| +42% | +$6.57M |
|
|
BELFB
1967
Bel Fuse Inc Class B
BELFB
$4.21B
| $18.5M | ﹤0.01% |
283,048
+16,335
| +6% | +$1.03M |
|
1968
Beazer Homes USA
BZH
$907M
| $18.5M | ﹤0.01% |
671,803
+28,084
| +4% | +$796K |
|
1969
Southside Bancshares
SBSI
$967M
| $18.5M | ﹤0.01% |
668,569
+24,288
| +4% | +$659K |
|
|
LBPH
1970
DELISTED
Longboard Pharmaceuticals, Inc. Common Stock
LBPH
| $18.4M | ﹤0.01% |
682,391
+126,308
| +23% | +$2.49M |
|
|
BORR
1971
Borr Drilling
BORR
$1.19B
| $18.4M | ﹤0.01% |
2,858,908
+427,061
| +18% | +$2.58M |
|
1972
Bristow Group
VTOL
$1.36B
| $18.4M | ﹤0.01% |
549,694
+34,605
| +7% | +$1.07M |
|
|
DCH
1973
Dauch Corp
DCH
$1.51B
| $18.4M | ﹤0.01% |
2,633,829
+153,799
| +6% | +$1.13M |
|
1974
Globalstar
GSAT
$10.8B
| $18.4M | ﹤0.01% |
1,095,337
+43,789
| +4% | +$789K |
|
1975
Viridian Therapeutics
VRDN
$2.67B
| $18.4M | ﹤0.01% |
1,411,360
+247,088
| +21% | +$3.42M |
|
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.