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 | |
|---|---|---|---|---|---|---|
|
RWT
1976
Redwood Trust
RWT
$580M
| $19.8M | ﹤0.01% |
3,026,053
-12,385
| -0.4% | -$89.1K |
|
1977
Tompkins Financial
TMP
$1.45B
| $19.8M | ﹤0.01% |
291,203
-109
| -0% | -$7.55K |
|
1978
National Vision
EYE
$1.8B
| $19.8M | ﹤0.01% |
1,895,367
-5,004
| -0.3% | -$54.7K |
|
1979
Ducommun
DCO
$2.76B
| $19.8M | ﹤0.01% |
310,195
-509
| -0.2% | -$32.7K |
|
|
VTLE
1980
DELISTED
Vital Energy
VTLE
| $19.7M | ﹤0.01% |
637,869
+4,852
| +0.8% | +$144K |
|
1981
Heritage Financial
HFWA
$1.23B
| $19.6M | ﹤0.01% |
799,965
-9,870
| -1% | -$240K |
|
|
SEI
1982
Solaris Energy Infrastructure
SEI
$3.4B
| $19.5M | ﹤0.01% |
676,741
+55,645
| +9% | +$1.11M |
|
1983
Bank of N.T. Butterfield & Son
NTB
$2.46B
| $19.5M | ﹤0.01% |
532,420
-31,041
| -6% | -$1.16M |
|
1984
BlueLinx
BXC
$471M
| $19.4M | ﹤0.01% |
190,083
-3,219
| -2% | -$369K |
|
1985
Ecovyst
ECVT
$1.32B
| $19.4M | ﹤0.01% |
2,535,222
-570
| -0% | -$4.21K |
|
1986
Levi Strauss
LEVI
$9.48B
| $19.3M | ﹤0.01% |
1,116,561
-7,396
| -0.7% | -$131K |
|
|
IAS
1987
DELISTED
Integral Ad Science
IAS
| $19.3M | ﹤0.01% |
1,848,738
+14,079
| +0.8% | +$154K |
|
1988
Center Bancorp
CNOB
$1.68B
| $19.3M | ﹤0.01% |
842,368
-10,139
| -1% | -$261K |
|
1989
PRA Group
PRAA
$666M
| $19.3M | ﹤0.01% |
922,163
-7,021
| -0.8% | -$150K |
|
1990
Bristow Group
VTOL
$1.35B
| $19.2M | ﹤0.01% |
558,641
-4,373
| -0.8% | -$154K |
|
1991
Astec Industries
ASTE
$1.21B
| $19.1M | ﹤0.01% |
569,063
-26
| -0% | -$899 |
|
1992
Burke & Herbert Financial Services Corp
BHRB
$1.49B
| $19.1M | ﹤0.01% |
305,887
-356
| -0.1% | -$23.3K |
|
|
OLO
1993
DELISTED
Olo Inc
OLO
| $18.9M | ﹤0.01% |
2,466,289
+21,484
| +0.9% | +$134K |
|
1994
Cadre Holdings
CDRE
$1.32B
| $18.9M | ﹤0.01% |
586,255
+2,577
| +0.4% | +$91.6K |
|
1995
John B. Sanfilippo & Son
JBSS
$993M
| $18.9M | ﹤0.01% |
217,294
+2,225
| +1% | +$197K |
|
|
PTVE
1996
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $18.8M | ﹤0.01% |
1,076,591
-12,263
| -1% | -$166K |
|
1997
Jack in the Box
JACK
$324M
| $18.8M | ﹤0.01% |
451,154
-3,023
| -0.7% | -$139K |
|
1998
First Mid Bancshares
FMBH
$1.4B
| $18.7M | ﹤0.01% |
508,866
-4,626
| -0.9% | -$184K |
|
1999
Central Pacific Financial
CPF
$1.02B
| $18.7M | ﹤0.01% |
644,390
+4,021
| +0.6% | +$120K |
|
|
INN
2000
Summit Hotel Properties
INN
$749M
| $18.7M | ﹤0.01% |
2,726,910
-61,724
| -2% | -$406K |
|
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.