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 |
Microsoft
MSFT
|
+$1.76B |
| 2 |
ExxonMobil
XOM
|
+$1.36B |
| 3 |
Apple
AAPL
|
+$1.05B |
| 4 |
Amazon
AMZN
|
+$1.02B |
| 5 |
NVIDIA
NVDA
|
+$972M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$1.24B |
| 2 |
GE Aerospace
GE
|
+$718M |
| 3 |
Broadcom
AVGO
|
+$437M |
| 4 |
Apollo Global Management
APO
|
+$275M |
| 5 |
Super Micro Computer
SMCI
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.88% |
| 2 | Financials | 12.28% |
| 3 | Healthcare | 11.67% |
| 4 | Consumer Discretionary | 10.22% |
| 5 | Communication Services | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2151
Lifestance Health
LFST
$4.72B
| $13.4M | ﹤0.01% |
2,722,384
+246,134
| +10% | +$1.48M |
|
2152
TFS Financial
TFSL
$4.91B
| $13.4M | ﹤0.01% |
1,058,424
+14,032
| +1% | +$177K |
|
2153
Insteel Industries
IIIN
$626M
| $13.4M | ﹤0.01% |
431,259
+12,933
| +3% | +$424K |
|
2154
Arcturus Therapeutics
ARCT
$215M
| $13.3M | ﹤0.01% |
546,009
-4,254
| -0.8% | -$129K |
|
2155
Limbach Holdings
LMB
$571M
| $13.3M | ﹤0.01% |
233,352
+25,260
| +12% | +$1.25M |
|
2156
Coastal Financial
CCB
$716M
| $13.3M | ﹤0.01% |
287,683
+19,417
| +7% | +$817K |
|
|
GOLD
2157
Gold.com Inc
GOLD
$1.26B
| $13.3M | ﹤0.01% |
409,705
-3,886
| -0.9% | -$143K |
|
2158
Daktronics
DAKT
$1.04B
| $13.3M | ﹤0.01% |
949,881
+66,991
| +8% | +$715K |
|
2159
NerdWallet
NRDS
$660M
| $13.2M | ﹤0.01% |
905,093
+91,930
| +11% | +$1.26M |
|
|
ADAM
2160
Adamas Trust
ADAM
$874M
| $13.2M | ﹤0.01% |
2,251,597
+76,701
| +4% | +$492K |
|
2161
Eagle Bancorp
EGBN
$849M
| $13.1M | ﹤0.01% |
694,110
+24,405
| +4% | +$475K |
|
2162
NB Bancorp
NBBK
$985M
| $13.1M | ﹤0.01% |
868,973
+482,796
| +125% | +$7.03M |
|
2163
ChargePoint
CHPT
$162M
| $13.1M | ﹤0.01% |
433,655
+143,153
| +49% | +$4.66M |
|
2164
Central Pacific Financial
CPF
$999M
| $13.1M | ﹤0.01% |
615,683
+27,643
| +5% | +$558K |
|
2165
Centrus Energy
LEU
$3.86B
| $13M | ﹤0.01% |
304,855
+29,557
| +11% | +$1.31M |
|
2166
Evolus
EOLS
$499M
| $13M | ﹤0.01% |
1,199,594
+240,035
| +25% | +$2.95M |
|
|
FPI
2167
Farmland Partners
FPI
$420M
| $13M | ﹤0.01% |
1,127,925
+21,063
| +2% | +$232K |
|
2168
V2X
VVX
$2.64B
| $12.9M | ﹤0.01% |
269,877
+18,663
| +7% | +$884K |
|
|
DOO
2169
Bombardier Recreational Products
DOO
$4.73B
| $12.9M | ﹤0.01% |
192,294
+11,121
| +6% | +$750K |
|
2170
Dianthus Therapeutics
DNTH
$6.09B
| $12.9M | ﹤0.01% |
498,920
+424,520
| +571% | +$10.2M |
|
2171
American Express Global Business Travel
GBTG
$4.94B
| $12.9M | ﹤0.01% |
1,952,759
+1,115,434
| +133% | +$6.84M |
|
2172
Immunome
IMNM
$2.92B
| $12.9M | ﹤0.01% |
1,062,898
+630,419
| +146% | +$9.86M |
|
2173
Usana Health Sciences
USNA
$270M
| $12.9M | ﹤0.01% |
284,222
+20,612
| +8% | +$948K |
|
|
RYZ
2174
Ryerson Holding Corp
RYZ
$1.43B
| $12.9M | ﹤0.01% |
658,889
+31,369
| +5% | +$808K |
|
|
OSG
2175
Octave Specialty Group
OSG
$217M
| $12.8M | ﹤0.01% |
1,000,383
+33,238
| +3% | +$507K |
|
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Geode Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, Geode Capital Management held 4,723 positions worth $1.14T, up 5.4% from $1.08T the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Geode Capital Management's Q2 2024 filing shows 114 new, 3,571 increased, 603 reduced and 134 closed positions. Its largest new stake was GE Vernova: 5,513,744 shares worth $943M. The largest sale was Pioneer Natural Resource Co., an estimated $1.24B.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q2 2024 buy was GE Vernova: 5,513,744 shares worth $943M.
- Geode Capital Management added most to Microsoft in Q2 2024, an estimated $1.76B increase.
- Geode Capital Management's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $718M.
- Geode Capital Management fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $1.24B.
- Geode Capital Management's ten largest holdings make up 31% of its $1.14T portfolio in Q2 2024.
- Geode Capital Management opened 114 new positions and closed 134 in Q2 2024.
- Geode Capital Management's portfolio value rose 5.4% quarter-over-quarter to $1.14T.
Based on Geode Capital Management's 13F filing for Q2 2024, filed 9 Aug 2024.