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 | |
|---|---|---|---|---|---|---|
2226
Metropolitan Bank Holding Corp
MCB
$1.14B
| $12.9M | ﹤0.01% |
245,527
-8,033
| -3% | -$397K |
|
2227
York Water
YORW
$509M
| $12.9M | ﹤0.01% |
343,279
+3,082
| +0.9% | +$120K |
|
|
RYZ
2228
Ryerson Holding Corp
RYZ
$1.44B
| $12.9M | ﹤0.01% |
645,712
-13,177
| -2% | -$266K |
|
2229
Arcturus Therapeutics
ARCT
$205M
| $12.8M | ﹤0.01% |
551,798
+5,789
| +1% | +$124K |
|
2230
Farmers National Banc Corp
FMNB
$930M
| $12.8M | ﹤0.01% |
846,454
+44,349
| +6% | +$642K |
|
2231
Rayonier Advanced Materials
RYAM
$601M
| $12.8M | ﹤0.01% |
1,492,578
+26,032
| +2% | +$180K |
|
2232
Energy Fuels
UUUU
$3.56B
| $12.7M | ﹤0.01% |
2,318,522
+285,680
| +14% | +$1.49M |
|
2233
Annexon
ANNX
$890M
| $12.7M | ﹤0.01% |
2,143,635
+331,269
| +18% | +$1.96M |
|
2234
NextNav
NN
$2.11B
| $12.7M | ﹤0.01% |
1,691,508
+158,455
| +10% | +$1.22M |
|
2235
Sinclair Inc
SBGI
$1.03B
| $12.7M | ﹤0.01% |
826,949
+15,263
| +2% | +$213K |
|
2236
ARKO Corp
ARKO
$558M
| $12.6M | ﹤0.01% |
1,801,212
+14,623
| +0.8% | +$92.3K |
|
|
OLP
2237
One Liberty Properties
OLP
$517M
| $12.6M | ﹤0.01% |
458,454
+17,651
| +4% | +$458K |
|
2238
Baidu
BIDU
$37B
| $12.6M | ﹤0.01% |
119,608
-170
| -0.1% | -$15K |
|
|
SRDX
2239
DELISTED
Surmodics
SRDX
| $12.6M | ﹤0.01% |
324,560
+516
| +0.2% | +$20.9K |
|
|
PKST
2240
DELISTED
Peakstone Realty Trust
PKST
| $12.6M | ﹤0.01% |
922,638
+10,722
| +1% | +$140K |
|
2241
EverQuote
EVER
$890M
| $12.6M | ﹤0.01% |
595,155
+56,114
| +10% | +$1.28M |
|
|
PTVE
2242
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $12.5M | ﹤0.01% |
1,088,854
+10,158
| +0.9% | +$117K |
|
|
LAND
2243
Gladstone Land Corp
LAND
$349M
| $12.5M | ﹤0.01% |
900,632
+13,217
| +1% | +$186K |
|
2244
MediaAlpha
MAX
$816M
| $12.5M | ﹤0.01% |
690,574
+154,637
| +29% | +$2.46M |
|
2245
Clear Channel Outdoor Holdings
CCO
$1.23B
| $12.5M | ﹤0.01% |
7,814,929
-183,949
| -2% | -$288K |
|
2246
NovaGold Resources
NG
$3.34B
| $12.5M | ﹤0.01% |
3,046,926
+9,629
| +0.3% | +$40.9K |
|
|
BFS
2247
Saul Centers
BFS
$828M
| $12.5M | ﹤0.01% |
297,689
-3,215
| -1% | -$127K |
|
2248
Opko Health
OPK
$1.04B
| $12.5M | ﹤0.01% |
8,374,745
-450,186
| -5% | -$668K |
|
2249
ChargePoint
CHPT
$158M
| $12.4M | ﹤0.01% |
453,608
+19,953
| +5% | +$694K |
|
|
TRTX
2250
TPG RE Finance Trust
TRTX
$607M
| $12.4M | ﹤0.01% |
1,456,883
+88,592
| +6% | +$778K |
|
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.