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 | |
|---|---|---|---|---|---|---|
2026
Beazer Homes USA
BZH
$901M
| $17.9M | ﹤0.01% |
650,330
-13,871
| -2% | -$443K |
|
2027
Forward Air
FWRD
$464M
| $17.8M | ﹤0.01% |
553,140
-3,085
| -0.6% | -$108K |
|
2028
Ameresco
AMRC
$1.2B
| $17.8M | ﹤0.01% |
758,952
+4,177
| +0.6% | +$121K |
|
|
UDMY
2029
DELISTED
Udemy
UDMY
| $17.8M | ﹤0.01% |
2,165,050
-51,818
| -2% | -$418K |
|
2030
Bumble
BMBL
$403M
| $17.8M | ﹤0.01% |
2,186,370
-144,308
| -6% | -$1.11M |
|
2031
International Money Express
IMXI
$369M
| $17.7M | ﹤0.01% |
850,766
+2,292
| +0.3% | +$45K |
|
2032
Gorman-Rupp
GRC
$2.19B
| $17.7M | ﹤0.01% |
467,020
-7,046
| -1% | -$282K |
|
2033
Icon
ICLR
$12.2B
| $17.7M | ﹤0.01% |
84,338
+914
| +1% | +$213K |
|
|
WSR
2034
DELISTED
Whitestone REIT
WSR
| $17.7M | ﹤0.01% |
1,247,165
-3,671
| -0.3% | -$52.4K |
|
2035
ProPetro Holding
PUMP
$1.37B
| $17.6M | ﹤0.01% |
1,890,853
-39,363
| -2% | -$324K |
|
|
GLDD
2036
DELISTED
Great Lakes Dredge & Dock
GLDD
| $17.6M | ﹤0.01% |
1,559,822
-2,075
| -0.1% | -$24.8K |
|
|
SEZL
2037
Sezzle
SEZL
$5.48B
| $17.6M | ﹤0.01% |
412,494
-3,174
| -0.8% | -$150K |
|
2038
Miller Industries
MLR
$572M
| $17.5M | ﹤0.01% |
267,637
+390
| +0.1% | +$26.6K |
|
2039
CEVA Inc
CEVA
$927M
| $17.5M | ﹤0.01% |
553,629
-5,480
| -1% | -$152K |
|
2040
Aspen Aerogels
ASPN
$392M
| $17.4M | ﹤0.01% |
1,464,163
+78,195
| +6% | +$1.33M |
|
2041
Pliant Therapeutics
PLRX
$64.4M
| $17.3M | ﹤0.01% |
1,316,648
-1,660
| -0.1% | -$22.7K |
|
|
ODP
2042
DELISTED
ODP
ODP
| $17.3M | ﹤0.01% |
761,955
-51,940
| -6% | -$1.45M |
|
2043
Hanmi Financial
HAFC
$949M
| $17.3M | ﹤0.01% |
733,375
+1,676
| +0.2% | +$39.3K |
|
2044
Replimune Group
REPL
$1B
| $17.3M | ﹤0.01% |
1,429,666
+1,365
| +0.1% | +$16.6K |
|
2045
Independent Bank Corp
IBCP
$793M
| $17.3M | ﹤0.01% |
496,443
-3,103
| -0.6% | -$110K |
|
|
ETNB
2046
DELISTED
89bio
ETNB
| $17.3M | ﹤0.01% |
2,207,608
+132,638
| +6% | +$1.09M |
|
2047
BJ's Restaurants
BJRI
$1.44B
| $17.3M | ﹤0.01% |
490,977
-2,029
| -0.4% | -$71.9K |
|
2048
Brown-Forman Class A
BF.A
$12.9B
| $17.2M | ﹤0.01% |
457,103
-8,926
| -2% | -$386K |
|
|
BRSP
2049
BrightSpire Capital
BRSP
$649M
| $17.2M | ﹤0.01% |
3,048,707
-33,930
| -1% | -$200K |
|
2050
Shutterstock
SSTK
$223M
| $17.2M | ﹤0.01% |
565,614
-7,514
| -1% | -$236K |
|
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.