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 | |
|---|---|---|---|---|---|---|
2026
DHT Holdings
DHT
$3.02B
| $18.2M | ﹤0.01% |
1,652,096
-5,126
| -0.3% | -$56.6K |
|
2027
AdvanSix
ASIX
$444M
| $18.2M | ﹤0.01% |
598,485
+8,903
| +2% | +$243K |
|
2028
Astec Industries
ASTE
$1.02B
| $18.2M | ﹤0.01% |
569,089
+22,743
| +4% | +$731K |
|
2029
F&G Annuities & Life
FG
$3.62B
| $18.1M | ﹤0.01% |
405,047
+3,453
| +0.9% | +$143K |
|
2030
Limbach Holdings
LMB
$581M
| $18.1M | ﹤0.01% |
238,445
+5,093
| +2% | +$324K |
|
|
CFB
2031
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $18M | ﹤0.01% |
1,079,471
+41,590
| +4% | +$701K |
|
2032
American Express Global Business Travel
GBTG
$4.94B
| $18M | ﹤0.01% |
2,339,395
+386,636
| +20% | +$2.68M |
|
2033
ARS Pharmaceuticals
SPRY
$612M
| $17.9M | ﹤0.01% |
1,234,805
+38,927
| +3% | +$463K |
|
2034
Blend Labs
BLND
$386M
| $17.9M | ﹤0.01% |
4,767,104
+283,207
| +6% | +$939K |
|
|
GOOD
2035
Gladstone Commercial Corp
GOOD
$627M
| $17.8M | ﹤0.01% |
1,098,176
+34,017
| +3% | +$510K |
|
2036
Castle Biosciences
CSTL
$979M
| $17.8M | ﹤0.01% |
624,683
+7,004
| +1% | +$178K |
|
2037
Compass Diversified
CODI
$828M
| $17.8M | ﹤0.01% |
804,953
-3,135
| -0.4% | -$68.3K |
|
|
CWEN.A
2038
DELISTED
Clearway Energy Class A
CWEN.A
| $17.8M | ﹤0.01% |
625,040
-3,297
| -0.5% | -$84.4K |
|
|
APLT
2039
DELISTED
Applied Therapeutics
APLT
| $17.8M | ﹤0.01% |
2,091,669
-7,146
| -0.3% | -$42.1K |
|
|
HAYN
2040
DELISTED
Haynes International, Inc.
HAYN
| $17.8M | ﹤0.01% |
298,479
+5,767
| +2% | +$343K |
|
|
SPTN
2041
DELISTED
SpartanNash
SPTN
| $17.8M | ﹤0.01% |
792,729
-8,147
| -1% | -$168K |
|
2042
CVR Energy
CVI
$3.13B
| $17.8M | ﹤0.01% |
770,986
-32,678
| -4% | -$808K |
|
2043
Immunome
IMNM
$2.83B
| $17.7M | ﹤0.01% |
1,207,455
+144,557
| +14% | +$2.05M |
|
2044
Trump Media & Technology Group
DJT
$2.83B
| $17.7M | ﹤0.01% |
1,098,028
+156,208
| +17% | +$3.79M |
|
2045
Heritage Financial
HFWA
$1.21B
| $17.6M | ﹤0.01% |
809,835
+1,076
| +0.1% | +$23K |
|
|
PRA
2046
DELISTED
ProAssurance
PRA
| $17.6M | ﹤0.01% |
1,170,390
-23,674
| -2% | -$302K |
|
2047
Kaspi.kz JSC
KSPI
$17.2B
| $17.6M | ﹤0.01% |
166,011
-240
| -0.1% | -$29.8K |
|
2048
Centrus Energy
LEU
$3.82B
| $17.6M | ﹤0.01% |
319,935
+15,080
| +5% | +$630K |
|
2049
Turning Point Brands
TPB
$1.74B
| $17.5M | ﹤0.01% |
405,613
+15,344
| +4% | +$586K |
|
2050
Claros Mortgage Trust
CMTG
$274M
| $17.4M | ﹤0.01% |
2,320,060
-38,721
| -2% | -$322K |
|
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.