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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.91T
| $77.5B | 6.28% |
333,857,500
+20,483,787
| +7% | +$4.57B |
2013 Q2
45 quarters
|
|
|
2
Microsoft
MSFT
$3.97T
| $70.8B | 5.73% |
165,024,812
+3,264,648
| +2% | +$1.4B |
2013 Q2
45 quarters
|
|
|
3
NVIDIA
NVDA
$5.54T
| $66.1B | 5.35% |
546,079,492
+11,525,969
| +2% | +$1.36B |
2013 Q2
45 quarters
|
|
|
4
Amazon
AMZN
$2.83T
| $37.1B | 3.01% |
199,915,046
+6,545,944
| +3% | +$1.19B |
2013 Q2
45 quarters
|
|
5
Meta Platforms (Facebook)
META
$1.83T
| $27.5B | 2.22% |
48,160,608
+698,884
| +1% | +$360M |
2013 Q2
45 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$4.3T
| $22.2B | 1.79% |
134,030,679
+2,626,431
| +2% | +$441M |
2015 Q4
35 quarters
|
|
|
7
Alphabet (Google) Class C
GOOG
$4.25T
| $17.2B | 1.4% |
103,557,486
+259,213
| +0.3% | +$43.9M |
2013 Q2
45 quarters
|
|
|
8
Broadcom
AVGO
$1.73T
| $17.1B | 1.38% |
99,188,826
+7,059,976
| +8% | +$1.13B |
2013 Q2
45 quarters
|
|
9
Berkshire Hathaway Class B
BRK.B
$1.1T
| $16.9B | 1.37% |
36,733,692
+905,820
| +3% | +$401M |
2013 Q2
45 quarters
|
|
10
Tesla
TSLA
$1.51T
| $15.5B | 1.25% |
59,356,401
+1,022,589
| +2% | +$233M |
2013 Q2
45 quarters
|
|
11
Eli Lilly
LLY
$1.05T
| $15.1B | 1.22% |
17,090,971
+85,823
| +0.5% | +$77.2M |
2013 Q2
45 quarters
|
|
12
JPMorgan Chase
JPM
$885B
| $12.3B | 0.99% |
58,344,186
+505,830
| +0.9% | +$107M |
2013 Q2
45 quarters
|
|
13
UnitedHealth
UNH
$340B
| $11.4B | 0.93% |
19,636,704
+318,039
| +2% | +$180M |
2013 Q2
45 quarters
|
|
14
ExxonMobil
XOM
$695B
| $10.8B | 0.87% |
92,194,981
+1,622,064
| +2% | +$187M |
2013 Q2
45 quarters
|
|
15
Visa
V
$724B
| $10.6B | 0.86% |
38,655,250
+2,772,549
| +8% | +$750M |
2013 Q2
45 quarters
|
|
16
Procter & Gamble
PG
$351B
| $9.54B | 0.77% |
55,204,776
+3,619,466
| +7% | +$614M |
2013 Q2
45 quarters
|
|
17
Johnson & Johnson
JNJ
$630B
| $9.06B | 0.73% |
56,106,884
+1,004,763
| +2% | +$160M |
2013 Q2
45 quarters
|
|
18
Mastercard
MA
$516B
| $9.04B | 0.73% |
18,375,053
+453,773
| +3% | +$211M |
2013 Q2
45 quarters
|
|
19
Home Depot
HD
$290B
| $8.77B | 0.71% |
21,700,427
+433,126
| +2% | +$158M |
2013 Q2
45 quarters
|
|
20
Costco
COST
$420B
| $8.38B | 0.68% |
9,487,057
+162,191
| +2% | +$141M |
2013 Q2
45 quarters
|
|
21
AbbVie
ABBV
$489B
| $7.12B | 0.58% |
36,161,045
-520,705
| -1% | -$97.2M |
2013 Q2
45 quarters
|
|
22
Walmart Inc
WMT
$883B
| $7.05B | 0.57% |
87,617,409
+2,786,061
| +3% | +$205M |
2013 Q2
45 quarters
|
|
23
Merck
MRK
$359B
| $6.7B | 0.54% |
59,155,004
+2,134,296
| +4% | +$254M |
2013 Q2
45 quarters
|
|
24
Coca-Cola
KO
$379B
| $6.66B | 0.54% |
92,957,028
+2,966,964
| +3% | +$203M |
2013 Q2
45 quarters
|
|
25
Netflix
NFLX
$293B
| $6.46B | 0.52% |
91,483,560
+1,230,290
| +1% | +$82.3M |
2013 Q2
45 quarters
|
|
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 97 new, 3,265 increased, 979 reduced and 149 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 97 new positions and closed 149 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.