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
|
+$4.57B |
| 2 |
Microsoft
MSFT
|
+$1.4B |
| 3 |
NVIDIA
NVDA
|
+$1.36B |
| 4 |
Amazon
AMZN
|
+$1.19B |
| 5 |
Broadcom
AVGO
|
+$1.13B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WRK
WestRock Company
WRK
|
+$316M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$187M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$159M |
| 4 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$139M |
| 5 |
Cadence Design Systems
CDNS
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.03% |
| 2 | Financials | 12.84% |
| 3 | Healthcare | 11.54% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Industrials | 8.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRKL
1951
DELISTED
Brookline Bancorp
BRKL
| $21.1M | ﹤0.01% |
2,089,187
+26,714
| +1% | +$262K |
|
1952
BrightView Holdings
BV
$1.07B
| $21.1M | ﹤0.01% |
1,337,545
+206,359
| +18% | +$2.99M |
|
|
ETWO
1953
DELISTED
E2open Parent Holdings
ETWO
| $20.9M | ﹤0.01% |
4,736,328
+759,398
| +19% | +$3.32M |
|
1954
N-able
NABL
$940M
| $20.9M | ﹤0.01% |
1,597,651
+15,145
| +1% | +$203K |
|
1955
Globalstar
GSAT
$10.8B
| $20.9M | ﹤0.01% |
1,120,822
+25,485
| +2% | +$472K |
|
1956
PRA Group
PRAA
$755M
| $20.8M | ﹤0.01% |
929,184
+19,134
| +2% | +$426K |
|
1957
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $20.8M | ﹤0.01% |
563,461
-2,655
| -0.5% | -$98.2K |
|
1958
Century Aluminum
CENX
$5.07B
| $20.8M | ﹤0.01% |
1,279,772
+13,486
| +1% | +$204K |
|
1959
National Vision
EYE
$1.81B
| $20.7M | ﹤0.01% |
1,900,371
+45,754
| +2% | +$534K |
|
|
SVC
1960
Service Properties Trust
SVC
$1.07B
| $20.6M | ﹤0.01% |
901,965
+30,247
| +3% | +$752K |
|
1961
Green Plains
GPRE
$1.03B
| $20.5M | ﹤0.01% |
1,517,313
-10,010
| -0.7% | -$147K |
|
1962
Ducommun
DCO
$2.98B
| $20.5M | ﹤0.01% |
310,704
+1,610
| +0.5% | +$101K |
|
1963
BlueLinx
BXC
$706M
| $20.4M | ﹤0.01% |
193,302
-993
| -0.5% | -$101K |
|
1964
FIGS
FIGS
$2.37B
| $20.4M | ﹤0.01% |
2,977,364
+109,979
| +4% | +$641K |
|
|
PFC
1965
DELISTED
Premier Financial Corp. Common Stock
PFC
| $20.3M | ﹤0.01% |
864,387
+8,542
| +1% | +$203K |
|
1966
Central Garden & Pet Co
CENT
$2.8B
| $20.3M | ﹤0.01% |
556,236
-2,144
| -0.4% | -$82.7K |
|
1967
John B. Sanfilippo & Son
JBSS
$972M
| $20.3M | ﹤0.01% |
215,069
-21,213
| -9% | -$2.06M |
|
1968
Shutterstock
SSTK
$219M
| $20.3M | ﹤0.01% |
573,128
+25,050
| +5% | +$924K |
|
1969
Cullinan Oncology
CGEM
$1.14B
| $20.2M | ﹤0.01% |
1,208,421
+231,935
| +24% | +$4.11M |
|
1970
Bank First Corp
BFC
$1.7B
| $20.2M | ﹤0.01% |
222,204
+7,922
| +4% | +$702K |
|
1971
Allegiant Air
ALGT
$2.57B
| $20.1M | ﹤0.01% |
364,755
+5,424
| +2% | +$244K |
|
|
ATSG
1972
DELISTED
Air Transport Services Group
ATSG
| $20.1M | ﹤0.01% |
1,238,713
+1,609
| +0.1% | +$24.6K |
|
1973
Deluxe
DLX
$1.15B
| $20M | ﹤0.01% |
1,028,079
+17,583
| +2% | +$367K |
|
1974
American Superconductor
AMSC
$1.59B
| $20M | ﹤0.01% |
847,412
+36,511
| +5% | +$841K |
|
1975
First Mid Bancshares
FMBH
$1.36B
| $20M | ﹤0.01% |
513,492
-13,245
| -3% | -$500K |
|
Similar funds
Geode Capital Management's Q3 2024 Portfolio in Review
As of Q3 2024, Geode Capital Management held 4,685 positions worth $1.23T, up 8.4% from $1.14T the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Geode Capital Management's Q3 2024 filing shows 98 new, 3,266 increased, 979 reduced and 150 closed positions. Its largest new stake was Smurfit Westrock: 12,733,113 shares worth $627M. The largest sale was WestRock Company, an estimated $316M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2024 buy was Smurfit Westrock: 12,733,113 shares worth $627M.
- Geode Capital Management added most to Apple in Q3 2024, an estimated $4.57B increase.
- Geode Capital Management's biggest Q3 2024 reduction was Vertex Pharmaceuticals, cutting an estimated $187M.
- Geode Capital Management fully exited WestRock Company in Q3 2024, selling an estimated $316M.
- Geode Capital Management's ten largest holdings make up 30% of its $1.23T portfolio in Q3 2024.
- Geode Capital Management opened 98 new positions and closed 150 in Q3 2024.
- Geode Capital Management's portfolio value rose 8.4% quarter-over-quarter to $1.23T.
Based on Geode Capital Management's 13F filing for Q3 2024, filed 12 Nov 2024.