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 | |
|---|---|---|---|---|---|---|
2076
SFL Corp
SFL
$1.61B
| $16.7M | ﹤0.01% |
1,441,688
+66,096
| +5% | +$791K |
|
2077
Independent Bank Corp
IBCP
$844M
| $16.7M | ﹤0.01% |
499,546
+1,831
| +0.4% | +$58.7K |
|
2078
Capitol Federal Financial
CFFN
$1.1B
| $16.6M | ﹤0.01% |
2,844,700
-37,488
| -1% | -$221K |
|
2079
Liberty Live Group Series A
LLYVA
$9.09B
| $16.6M | ﹤0.01% |
335,391
-1,282
| -0.4% | -$50K |
|
2080
First Community Bankshares
FCBC
$911M
| $16.5M | ﹤0.01% |
383,249
-224
| -0.1% | -$9.35K |
|
2081
MiMedx Group
MDXG
$633M
| $16.5M | ﹤0.01% |
2,794,358
+44,254
| +2% | +$293K |
|
2082
Yext
YEXT
$574M
| $16.5M | ﹤0.01% |
2,384,867
+38,305
| +2% | +$213K |
|
|
UDMY
2083
DELISTED
Udemy
UDMY
| $16.5M | ﹤0.01% |
2,216,868
+5,972
| +0.3% | +$48.2K |
|
2084
Mercantile Bank Corp
MBWM
$1.05B
| $16.5M | ﹤0.01% |
376,979
+14,202
| +4% | +$628K |
|
|
GLDD
2085
DELISTED
Great Lakes Dredge & Dock
GLDD
| $16.5M | ﹤0.01% |
1,561,897
+22,166
| +1% | +$206K |
|
2086
NB Bancorp
NBBK
$989M
| $16.4M | ﹤0.01% |
885,243
+16,270
| +2% | +$288K |
|
|
DCH
2087
Dauch Corp
DCH
$1.51B
| $16.4M | ﹤0.01% |
2,654,883
+21,054
| +0.8% | +$137K |
|
2088
Vir Biotechnology
VIR
$1.49B
| $16.4M | ﹤0.01% |
2,188,774
+5,146
| +0.2% | +$44.7K |
|
2089
Horizon Bancorp
HBNC
$1.04B
| $16.4M | ﹤0.01% |
1,053,625
+52,423
| +5% | +$781K |
|
|
HPP
2090
Hudson Pacific Properties
HPP
$779M
| $16.4M | ﹤0.01% |
489,488
+22,014
| +5% | +$792K |
|
2091
Pacira BioSciences
PCRX
$997M
| $16.4M | ﹤0.01% |
1,086,899
-2,405
| -0.2% | -$41.1K |
|
2092
Hyster-Yale Materials Handling
HY
$665M
| $16.3M | ﹤0.01% |
255,870
+1,658
| +0.7% | +$108K |
|
2093
Miller Industries
MLR
$619M
| $16.3M | ﹤0.01% |
267,247
+490
| +0.2% | +$29.5K |
|
2094
Repay Holdings
RPAY
$327M
| $16.3M | ﹤0.01% |
1,996,937
+32,613
| +2% | +$288K |
|
2095
Eagle Bancorp
EGBN
$845M
| $16.3M | ﹤0.01% |
719,688
+25,578
| +4% | +$536K |
|
2096
SolarEdge
SEDG
$1.95B
| $16.2M | ﹤0.01% |
708,044
+25,474
| +4% | +$619K |
|
2097
Mesa Laboratories
MLAB
$574M
| $16.2M | ﹤0.01% |
124,761
+5,771
| +5% | +$679K |
|
2098
Prothena Corp
PRTA
$450M
| $16.1M | ﹤0.01% |
963,479
-30,799
| -3% | -$662K |
|
2099
Standard Motor Products
SMP
$911M
| $16.1M | ﹤0.01% |
485,299
+27,210
| +6% | +$849K |
|
2100
DXP Enterprises
DXPE
$2.98B
| $16.1M | ﹤0.01% |
301,814
-1,328
| -0.4% | -$66.7K |
|
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.