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 | |
|---|---|---|---|---|---|---|
2001
Eagle Bancorp
EGBN
$849M
| $18.7M | ﹤0.01% |
717,486
-2,202
| -0.3% | -$59.1K |
|
2002
SSR Mining
SSRM
$5.6B
| $18.7M | ﹤0.01% |
2,678,940
+38,593
| +1% | +$240K |
|
2003
Byline Bancorp
BY
$1.81B
| $18.6M | ﹤0.01% |
641,398
-6,190
| -1% | -$179K |
|
2004
Dr. Reddy's Laboratories
RDY
$10.1B
| $18.6M | ﹤0.01% |
1,176,829
+1,110,559
| +1,676% | +$16.7M |
|
2005
Liberty Broadband Class A
LBRDA
$4.86B
| $18.6M | ﹤0.01% |
249,612
+27,059
| +12% | +$2.24M |
|
2006
NETGEAR
NTGR
$648M
| $18.6M | ﹤0.01% |
666,251
-6,271
| -0.9% | -$147K |
|
|
DAWN
2007
DELISTED
Day One Biopharmaceuticals
DAWN
| $18.5M | ﹤0.01% |
1,462,982
+30,285
| +2% | +$421K |
|
|
PRA
2008
DELISTED
ProAssurance
PRA
| $18.5M | ﹤0.01% |
1,162,533
-7,857
| -0.7% | -$125K |
|
|
PLYM
2009
DELISTED
Plymouth Industrial REIT
PLYM
| $18.5M | ﹤0.01% |
1,037,428
-10,404
| -1% | -$206K |
|
2010
Amerant Bancorp
AMTB
$1.16B
| $18.4M | ﹤0.01% |
822,553
+88,177
| +12% | +$2.01M |
|
2011
Compass Diversified
CODI
$795M
| $18.4M | ﹤0.01% |
797,359
-7,594
| -0.9% | -$170K |
|
2012
Old Second Bancorp
OSBC
$1.31B
| $18.4M | ﹤0.01% |
1,034,709
+5,224
| +0.5% | +$90.8K |
|
2013
FIGS
FIGS
$1.82B
| $18.4M | ﹤0.01% |
2,965,337
-12,027
| -0.4% | -$70.1K |
|
2014
Core Laboratories
CLB
$491M
| $18.3M | ﹤0.01% |
1,058,620
+5,416
| +0.5% | +$105K |
|
|
SWI
2015
DELISTED
SolarWinds Corporation Common Stock
SWI
| $18.3M | ﹤0.01% |
1,284,618
-5,426
| -0.4% | -$73.2K |
|
2016
Caleres
CAL
$470M
| $18.3M | ﹤0.01% |
789,336
-2,721
| -0.3% | -$79.7K |
|
2017
Malibu Boats
MBUU
$548M
| $18.2M | ﹤0.01% |
484,830
-91,240
| -16% | -$3.78M |
|
2018
FTAI Infrastructure
FIP
$405M
| $18.2M | ﹤0.01% |
2,499,861
+72,560
| +3% | +$622K |
|
|
GOOD
2019
Gladstone Commercial Corp
GOOD
$604M
| $18.2M | ﹤0.01% |
1,117,503
+19,327
| +2% | +$320K |
|
|
CDMO
2020
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $18M | ﹤0.01% |
1,460,684
-5,471
| -0.4% | -$62.7K |
|
2021
Arcus Biosciences
RCUS
$3.47B
| $18M | ﹤0.01% |
1,209,613
-12,593
| -1% | -$206K |
|
2022
Cogent Biosciences
COGT
$6.64B
| $18M | ﹤0.01% |
2,308,509
+27,716
| +1% | +$276K |
|
2023
Herbalife
HLF
$1.32B
| $17.9M | ﹤0.01% |
2,680,425
+64,911
| +2% | +$482K |
|
|
LGF.B
2024
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $17.9M | ﹤0.01% |
2,373,782
+50,592
| +2% | +$355K |
|
2025
ACM Research
ACMR
$5.43B
| $17.9M | ﹤0.01% |
1,184,872
+4,131
| +0.3% | +$74.7K |
|
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.