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 | |
|---|---|---|---|---|---|---|
2251
EverQuote
EVER
$852M
| $12M | ﹤0.01% |
600,365
+5,210
| +0.9% | +$98.4K |
|
|
RPC
2252
Ridgepost Capital
RPC
$1B
| $12M | ﹤0.01% |
951,199
-831
| -0.1% | -$10.1K |
|
|
DFTX
2253
Definium Therapeutics
DFTX
$5.55B
| $12M | ﹤0.01% |
1,723,088
+45,386
| +3% | +$312K |
|
|
GOLD
2254
Gold.com Inc
GOLD
$1.22B
| $12M | ﹤0.01% |
437,464
+5,672
| +1% | +$193K |
|
2255
Symbotic
SYM
$5.83B
| $12M | ﹤0.01% |
505,114
+1,356
| +0.3% | +$38.5K |
|
2256
Altimmune
ALT
$583M
| $12M | ﹤0.01% |
1,658,506
-9,498
| -0.6% | -$72.6K |
|
2257
Energy Fuels
UUUU
$3.04B
| $12M | ﹤0.01% |
2,330,189
+11,667
| +0.5% | +$72.2K |
|
2258
ZipRecruiter
ZIP
$342M
| $11.9M | ﹤0.01% |
1,648,671
-2,976
| -0.2% | -$26.6K |
|
2259
ARKO Corp
ARKO
$851M
| $11.9M | ﹤0.01% |
1,802,568
+1,356
| +0.1% | +$9.34K |
|
2260
Marcus Corp
MCS
$946M
| $11.9M | ﹤0.01% |
551,174
-10,513
| -2% | -$209K |
|
2261
Hippo Holdings
HIPO
$859M
| $11.8M | ﹤0.01% |
440,617
-1,644
| -0.4% | -$40.4K |
|
2262
Mitek Systems
MITK
$767M
| $11.8M | ﹤0.01% |
1,057,312
-12,742
| -1% | -$119K |
|
2263
Nabors Industries
NBR
$1.25B
| $11.8M | ﹤0.01% |
205,723
-318
| -0.2% | -$22.6K |
|
2264
Excelerate Energy
EE
$1.24B
| $11.8M | ﹤0.01% |
388,487
-10,125
| -3% | -$274K |
|
2265
Capital City Bank Group
CCBG
$898M
| $11.7M | ﹤0.01% |
319,417
-1,062
| -0.3% | -$39.2K |
|
2266
Insteel Industries
IIIN
$602M
| $11.7M | ﹤0.01% |
433,372
-1,499
| -0.3% | -$43.6K |
|
2267
CNB Financial Corp
CCNE
$1.05B
| $11.7M | ﹤0.01% |
470,299
-3,733
| -0.8% | -$97.3K |
|
|
NLOP
2268
Net Lease Office Properties
NLOP
$178M
| $11.6M | ﹤0.01% |
372,442
+1,109
| +0.3% | +$34.5K |
|
2269
Hertz
HTZ
$483M
| $11.6M | ﹤0.01% |
3,170,311
+10,382
| +0.3% | +$37.5K |
|
2270
Tiptree Inc
TIPT
$658M
| $11.6M | ﹤0.01% |
555,833
-4,072
| -0.7% | -$85.2K |
|
|
SVC
2271
Service Properties Trust
SVC
$1.02B
| $11.6M | ﹤0.01% |
912,642
+10,677
| +1% | +$173K |
|
|
ALX
2272
Alexander's
ALX
$1.34B
| $11.6M | ﹤0.01% |
57,932
+687
| +1% | +$152K |
|
2273
BioNTech
BNTX
$23.3B
| $11.6M | ﹤0.01% |
101,715
+1,063
| +1% | +$121K |
|
2274
Frontier Group Holdings
ULCC
$1.77B
| $11.6M | ﹤0.01% |
1,625,953
+35,355
| +2% | +$221K |
|
|
DHIL
2275
DELISTED
Diamond Hill
DHIL
| $11.6M | ﹤0.01% |
74,475
+1,495
| +2% | +$239K |
|
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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.