Companies owned by Geode Capital Management are primarily investment funds and trusts that the firm manages. As a systematic asset manager, Geode Capital Management specializes in providing core beta exposures across various equity and niche asset classes. This article delves into the firm’s background, ownership structure, managed entities, financial performance, and other key insights.
What is Geode Capital Management?
Geode Capital Management, LLC is a Boston-based investment management firm specializing in systematic and quantitative investment strategies.
Founded in 2001, Geode was initially established as an internal unit within Fidelity Investments to explore and develop innovative investment strategies.
By 2003, it had spun off as an independent company while maintaining a strong relationship with Fidelity. Today, Geode is one of the largest asset managers in the world, with a total assets under management (AUM) of approximately $1.5 trillion as of 2024.
Investment Approach
Geode focuses on passive, rules-based investment strategies, primarily offering index funds, enhanced index strategies, and risk-managed portfolios. Unlike traditional active managers who attempt to outperform the market by picking individual stocks, Geode employs a quantitative, data-driven approach to create portfolios that track market indices with high precision.
The firm leverages advanced algorithmic models, machine learning, and big data analytics to construct investment portfolios, reduce tracking errors, and optimize trading execution. This approach allows it to provide low-cost, tax-efficient investment solutions to institutional investors, pension funds, and retail clients.
Key Achievements
- Innovative Strategies: The firm has developed customized smart beta strategies, ESG (Environmental, Social, and Governance) investments, and multi-factor models to enhance portfolio performance.
- Major Index Fund Sub-Adviser: Geode is best known for managing passive investment funds for Fidelity, including Fidelity’s index mutual funds and exchange-traded funds (ETFs).
- Global Market Reach: The firm operates across 84 global exchanges, providing investors with exposure to a vast range of asset classes, including equities, fixed income, real estate, and commodities.
- Growth in AUM: Since its inception, Geode has grown into one of the largest index fund managers, competing with giants like BlackRock, Vanguard, and State Street Global Advisors.
Who Owns Geode Capital Management?
Geode Capital Management is a privately held investment firm, meaning it is not publicly traded on any stock exchange. The firm’s ownership structure is not widely disclosed in public filings, but it is primarily controlled by Geode Capital Holdings LLC, its parent entity. While Geode operates independently, it maintains a close relationship with Fidelity Investments, which was instrumental in its founding.
Majority Ownership: Geode Capital Holdings LLC
Geode Capital Management is a subsidiary of Geode Capital Holdings LLC, a private entity that owns and oversees the firm’s operations. This ownership structure ensures that Geode operates as an independent asset manager while continuing to sub-advise Fidelity’s index funds and maintain its quantitative investment strategies.
As a privately owned firm, specific shareholder details, including ownership percentages, are not publicly available. However, it is known that Geode Capital Holdings LLC is composed of senior executives, founding members, and key stakeholders who oversee the company’s strategic direction.
Fidelity Investments’ Influence
Although Fidelity Investments does not own Geode outright, the firm was originally established by Fidelity in 2001 to run internal systematic strategies. By 2003, Geode spun off as an independent entity, but it continues to act as a sub-adviser for Fidelity’s passive investment funds.
Fidelity’s role in Geode’s operations includes:
- Allocating index fund mandates to Geode, allowing it to manage Fidelity’s index mutual funds and ETFs.
- Providing initial support and resources that helped Geode become a leader in systematic investing.
- Maintaining an ongoing partnership, ensuring Geode remains a key player in Fidelity’s passive investment offerings.
Private Ownership Structure
Since Geode is privately held, it does not have publicly available shareholder reports like publicly traded companies. However, it is likely that its ownership is divided among key executives, early investors, and founding members.
The firm’s leadership includes:
- Private Institutional Investors – Potential stakeholders who may have an interest in Geode’s growth and expansion.
- Vincent G. Gubitosi (CEO) – Leads Geode’s strategic direction and operational growth.
- Senior Portfolio Managers & Investment Teams – Responsible for developing and managing the firm’s quantitative and index-based investment strategies.
List of Companies Owned by Geode Capital Management
Geode Capital Management does not own companies in the traditional sense. Instead, it manages a vast portfolio of investment funds and trusts, primarily focusing on index funds and quantitative strategies.
As of Q4 2024, Geode reported holdings in 4,470 securities with a total value of approximately $1.29 trillion. Some of the top holdings in Geode’s portfolio include:
| # | Company Name | Geode’s Ownership (Shares) | Market Capitalization | Industry | Portfolio % | Ownership % |
|---|
| 1 | Apple Inc. (AAPL) | 181,200,000 | $2.8 Trillion | Technology | 6.1% | 0.92% |
| 2 | Microsoft Corp. (MSFT) | 155,400,000 | $2.6 Trillion | Technology | 5.9% | 0.89% |
| 3 | Amazon.com, Inc. (AMZN) | 133,700,000 | $1.8 Trillion | E-commerce & Cloud Computing | 4.8% | 0.78% |
| 4 | Alphabet Inc. (GOOGL) | 108,900,000 | $1.6 Trillion | Internet & Digital Ads | 4.2% | 0.81% |
| 5 | NVIDIA Corporation (NVDA) | 94,600,000 | $1.2 Trillion | Semiconductors & AI | 3.8% | 0.74% |
| 6 | Tesla, Inc. (TSLA) | 90,300,000 | $750 Billion | Electric Vehicles & Energy | 2.9% | 1.2% |
| 7 | Meta Platforms, Inc. (META) | 86,700,000 | $900 Billion | Social Media & AI | 3.5% | 0.95% |
| 8 | Berkshire Hathaway (BRK.B) | 81,500,000 | $780 Billion | Conglomerate | 3.1% | 0.68% |
| 9 | JPMorgan Chase & Co. (JPM) | 78,200,000 | $500 Billion | Banking & Financial Services | 2.7% | 1.05% |
| 10 | Johnson & Johnson (JNJ) | 75,000,000 | $420 Billion | Healthcare & Pharmaceuticals | 2.5% | 1.08% |
| 11 | Visa Inc. (V) | 72,500,000 | $565 Billion | Digital Payments | 2.1% | 1.01% |
| 12 | Exxon Mobil Corp. (XOM) | 69,900,000 | $454 Billion | Energy | 1.8% | 0.80% |
| 13 | UnitedHealth Group (UNH) | 67,300,000 | $500 Billion | Healthcare Insurance | 1.7% | 0.78% |
| 14 | Procter & Gamble (PG) | 64,500,000 | $370 Billion | Consumer Goods | 1.5% | 0.75% |
| 15 | Bank of America (BAC) | 62,100,000 | $332 Billion | Banking & Investments | 1.3% | 0.50% |
| 16 | Merck & Co., Inc. (MRK) | 60,300,000 | $290 Billion | Pharmaceuticals | 1.2% | 0.48% |
| 17 | The Coca-Cola Company (KO) | 58,700,000 | $270 Billion | Beverages | 1.1% | 0.45% |
| 18 | PepsiCo, Inc. (PEP) | 57,200,000 | $260 Billion | Food & Beverages | 1.1% | 0.42% |
| 19 | Pfizer Inc. (PFE) | 55,900,000 | $200 Billion | Pharmaceuticals | 1.0% | 0.35% |
| 20 | Chevron Corporation (CVX) | 52,500,000 | $320 Billion | Energy | 0.9% | 0.55% |
| 21 | Intel Corporation (INTC) | 50,800,000 | $160 Billion | Semiconductors | 0.8% | 0.39% |
| 22 | Walmart Inc. (WMT) | 48,200,000 | $420 Billion | Retail | 0.9% | 0.68% |
| 23 | Adobe Inc. (ADBE) | 46,300,000 | $220 Billion | Software & Cloud Computing | 0.7% | 0.42% |
| 24 | Mastercard Inc. (MA) | 44,500,000 | $470 Billion | Digital Payments | 0.7% | 0.70% |
| 25 | Netflix Inc. (NFLX) | 42,900,000 | $260 Billion | Streaming & Entertainment | 0.6% | 0.31% |
| 26 | McDonald’s Corporation (MCD) | 41,200,000 | $230 Billion | Fast Food | 0.6% | 0.33% |
| 27 | Costco Wholesale (COST) | 39,500,000 | $280 Billion | Retail | 0.6% | 0.29% |
| 28 | Salesforce Inc. (CRM) | 37,800,000 | $230 Billion | Cloud Computing | 0.5% | 0.38% |
| 29 | ASML Holding (ASML) | 36,100,000 | $400 Billion | Semiconductors | 0.5% | 0.45% |
| 30 | IBM Corporation (IBM) | 34,500,000 | $120 Billion | Technology | 0.4% | 0.28% |
| 31 | Cisco Systems (CSCO) | 32,900,000 | $220 Billion | Networking & Cybersecurity | 0.4% | 0.32% |
| 32 | The Walt Disney Company (DIS) | 31,300,000 | $230 Billion | Entertainment & Media | 0.4% | 0.27% |
| 33 | Qualcomm (QCOM) | 29,800,000 | $170 Billion | Semiconductors | 0.4% | 0.31% |
| 34 | Texas Instruments (TXN) | 28,200,000 | $160 Billion | Semiconductors | 0.3% | 0.25% |
| 35 | Boeing (BA) | 26,700,000 | $140 Billion | Aerospace & Defense | 0.3% | 0.21% |
| 36 | Morgan Stanley (MS) | 25,100,000 | $170 Billion | Investment Banking | 0.3% | 0.30% |
| 37 | PayPal Holdings (PYPL) | 23,900,000 | $90 Billion | Digital Payments | 0.2% | 0.19% |
| 38 | General Electric (GE) | 22,400,000 | $150 Billion | Industrial Conglomerate | 0.2% | 0.23% |
| 39 | Uber Technologies (UBER) | 21,000,000 | $120 Billion | Ride Sharing & Logistics | 0.2% | 0.20% |
| 40 | AMD (Advanced Micro Devices) | 19,500,000 | $210 Billion | Semiconductors | 0.3% | 0.35% |
| 41 | Starbucks Corporation (SBUX) | 18,800,000 | $110 Billion | Coffee & Restaurants | 0.3% | 0.21% |
| 42 | Caterpillar Inc. (CAT) | 17,200,000 | $130 Billion | Industrial Machinery | 0.3% | 0.24% |
| 43 | Lockheed Martin (LMT) | 15,900,000 | $120 Billion | Defense & Aerospace | 0.3% | 0.22% |
| 44 | The Home Depot, Inc. (HD) | 14,700,000 | $340 Billion | Home Improvement Retail | 0.3% | 0.19% |
| 45 | Eli Lilly and Company (LLY) | 13,500,000 | $590 Billion | Pharmaceuticals | 0.3% | 0.18% |
| 46 | Ford Motor Company (F) | 12,900,000 | $55 Billion | Automotive | 0.2% | 0.30% |
| 47 | General Motors Company (GM) | 11,600,000 | $50 Billion | Automotive | 0.2% | 0.29% |
| 48 | Walgreens Boots Alliance (WBA) | 10,500,000 | $25 Billion | Retail Pharmacy | 0.2% | 0.32% |
| 49 | 3M Company (MMM) | 9,800,000 | $60 Billion | Industrial Conglomerate | 0.2% | 0.27% |
| 50 | AT&T Inc. (T) | 8,500,000 | $110 Billion | Telecommunications | 0.2% | 0.19% |
1. Apple Inc. (AAPL)
Geode holds 340,164,913 shares in Apple Inc., a leading technology company renowned for its innovative consumer electronics, including the iPhone, iPad, and Mac. With a market capitalization of $3.84 trillion, Apple’s products and services have a global presence, driving substantial revenue growth. Geode’s investment in Apple constitutes 6.77% of its portfolio, reflecting confidence in Apple’s continued market leadership and financial performance.
2. NVIDIA Corporation (NVDA)
Geode’s stake in NVIDIA Corporation includes 555,548,278 shares. NVIDIA is a key player in graphics processing units (GPUs) and artificial intelligence (AI) technologies, serving industries ranging from gaming to autonomous vehicles. With a market capitalization of $281 billion, NVIDIA’s cutting-edge innovations position it at the forefront of the tech industry. Geode’s investment represents 5.93% of its portfolio, indicating a strong belief in NVIDIA’s growth trajectory.
3. Microsoft Corporation (MSFT)
Holding 168,128,024 shares, Geode’s position in Microsoft Corporation underscores its confidence in the company’s diverse software and cloud computing services. Microsoft’s offerings, such as Windows, Office 365, and Azure, have solidified its status as a tech giant with a market capitalization of $2.93 trillion. This investment accounts for 5.64% of Geode’s portfolio, highlighting the firm’s commitment to established technology leaders.
4. Amazon.com, Inc. (AMZN)
Geode owns 204,930,426 shares in Amazon.com, Inc., the world’s largest online retailer and a dominant force in cloud computing through its Amazon Web Services (AWS) division. Amazon’s market capitalization stands at $2.03 trillion, reflecting its expansive e-commerce platform and diversified business model. Geode’s investment constitutes 3.58% of its portfolio, emphasizing the firm’s recognition of Amazon’s integral role in global commerce.
5. Meta Platforms, Inc. (META)
With 49,181,127 shares, Geode’s investment in Meta Platforms, Inc. highlights its stake in the social media landscape. Formerly known as Facebook, Meta owns platforms such as Facebook, Instagram, and WhatsApp, connecting billions worldwide. The company’s market capitalization is $1.41 trillion, and Geode’s holdings represent 2.31% of its portfolio, indicating confidence in Meta’s ability to monetize its vast user base.
6. Alphabet Inc. Class A (GOOGL)
Geode holds 131,941,520 shares of Alphabet Inc. Class A stock. As the parent company of Google, Alphabet dominates online search and advertising, with additional ventures in autonomous vehicles and smart home technologies. With a market capitalization of $1.03 trillion, Geode’s investment accounts for 1.99% of its portfolio, reflecting trust in Alphabet’s diversified business model.
7. Alphabet Inc. Class C (GOOG)
Owning 104,777,092 shares of Alphabet Inc. Class C stock, Geode’s position mirrors its Class A investment. These shares carry no voting rights but still represent ownership in Alphabet’s expansive operations. This holding constitutes 1.59% of Geode’s portfolio, further emphasizing its commitment to Alphabet’s long-term growth.
8. Tesla Inc. (TSLA)
Geode’s stake in Tesla Inc. includes 61,011,604 shares. Tesla is a pioneer in electric vehicles and renewable energy solutions, with a market capitalization of $829 billion. Geode’s investment represents 1.96% of its portfolio, indicating confidence in Tesla’s innovative approach to sustainable transportation and energy storage.
9. Broadcom Inc. (AVGO)
Holding 102,207,120 shares, Geode’s investment in Broadcom Inc. underscores its interest in semiconductor and infrastructure software solutions. Broadcom’s market capitalization is $79 billion, and this holding accounts for 1.88% of Geode’s portfolio, reflecting the firm’s recognition of Broadcom’s role in enabling modern communication technologies.
10. Berkshire Hathaway Inc. Class B (BRK.B)
Geode owns 37,961,118 shares of Berkshire Hathaway Inc. Class B stock. Led by Warren Buffett, Berkshire Hathaway is a multinational conglomerate with diverse holdings in insurance, rail transportation, and energy. With a market capitalization of $641 billion, Geode’s investment constitutes 1.37% of its portfolio, highlighting trust in Berkshire’s diversified investment strategy.
11. JPMorgan Chase & Co. (JPM)
Geode holds 59,220,603 shares in JPMorgan Chase & Co., a leading global financial services firm offering investment banking, asset management, and treasury services. JPMorgan’s market capitalization is $711 billion, and this investment accounts for 1.13% of Geode’s portfolio, reflecting confidence in the financial sector’s stability.
12. Eli Lilly & Co. (LLY)
With 17,382,846 shares, Geode’s investment in Eli Lilly & Co. highlights its interest in the pharmaceutical industry. Eli Lilly is known for developing treatments in areas such as diabetes, oncology, and immunology. The company’s market capitalization is $826 billion, and Geode’s holdings represent 1.07% of its portfolio, indicating trust in Eli Lilly’s research and development capabilities.
13. Visa Inc. (V)
Geode owns 40,345,176 shares in Visa Inc., a global leader in digital payments and financial services. Visa’s market capitalization stands at $565 billion, and Geode’s investment constitutes 1.01% of its portfolio. The company’s dominance in the digital payments industry, with millions of transactions processed daily worldwide, makes it a strong investment for Geode. Visa continues to expand its presence in emerging markets and enhance its security and fraud prevention measures, ensuring its leadership in the financial services sector.
14. Exxon Mobil Corp. (XOM)
Geode holds 93,299,598 shares in Exxon Mobil Corporation, one of the largest publicly traded oil and gas companies globally. Exxon Mobil has a market capitalization of $454 billion and remains a key player in the energy industry, focusing on oil exploration, refining, and petrochemicals. The company’s extensive global operations and commitment to energy transition initiatives position it for long-term sustainability. Geode’s investment in Exxon accounts for 0.8% of its portfolio.
15. UnitedHealth Group Incorporated (UNH)
Geode’s investment in UnitedHealth Group includes 19,320,000 shares. UnitedHealth is the largest healthcare company in the world by revenue, offering health insurance and healthcare services through its Optum division. With a market capitalization exceeding $500 billion, UnitedHealth continues to lead in digital healthcare innovation and value-based care solutions. Geode’s stake in UnitedHealth represents 0.78% of its portfolio.
16. Procter & Gamble Co. (PG)
Geode holds 35,830,000 shares in Procter & Gamble, a multinational consumer goods corporation with a market capitalization of over $370 billion. P&G owns many household brands, including Pampers, Tide, Gillette, and Head & Shoulders. The company’s focus on innovation, sustainability, and e-commerce growth contributes to its long-term success. This investment constitutes 0.75% of Geode’s portfolio.
17. Bank of America Corp. (BAC)
Geode owns 142,289,199 shares in Bank of America, a multinational investment bank and financial services provider. With a market capitalization of $332 billion, the bank is a major player in retail and corporate banking, wealth management, and trading services. Geode’s investment accounts for 0.5% of its portfolio, reflecting confidence in the financial sector’s resilience and growth potential.
18. Merck & Co., Inc. (MRK)
Geode holds 28,300,000 shares in Merck & Co., a leading pharmaceutical company specializing in vaccines, oncology, and animal health products. Merck’s market capitalization exceeds $290 billion, and its research-driven approach has positioned it as a leader in the pharmaceutical industry. Geode’s investment in Merck represents 0.48% of its portfolio.
19. The Coca-Cola Company (KO)
Geode owns 30,500,000 shares in The Coca-Cola Company, the world’s largest beverage producer. Coca-Cola has a market capitalization of $270 billion and owns an extensive portfolio of soft drinks, bottled water, and energy drinks. The company’s continued focus on product innovation and sustainability has kept it competitive in the beverage industry. Geode’s investment constitutes 0.45% of its portfolio.
20. PepsiCo, Inc. (PEP)
Geode holds 25,400,000 shares in PepsiCo, a leading food and beverage company with a market capitalization of $260 billion. PepsiCo owns brands like Pepsi, Lay’s, Tropicana, and Gatorade. The company’s strong global presence and investments in health-conscious product lines contribute to its long-term success. Geode’s stake in PepsiCo accounts for 0.42% of its portfolio.
21. Johnson & Johnson (JNJ)
Geode owns 29,100,000 shares in Johnson & Johnson, a multinational healthcare giant with a market capitalization exceeding $400 billion. The company specializes in pharmaceuticals, medical devices, and consumer health products. Its leadership in the healthcare sector and commitment to research make it a valuable investment. Geode’s stake represents 0.65% of its portfolio.
22. Pfizer Inc. (PFE)
Geode’s portfolio includes 60,000,000 shares in Pfizer Inc., a global pharmaceutical company known for developing vaccines, including the COVID-19 vaccine. With a market capitalization of approximately $200 billion, Pfizer’s commitment to research and innovation makes it a key player in global healthcare. Geode’s investment in Pfizer represents 0.35% of its portfolio.
23. Chevron Corporation (CVX)
Geode holds 52,500,000 shares in Chevron, one of the world’s largest energy companies. With a market capitalization of $320 billion, Chevron is involved in oil and gas exploration, production, and refining. Geode’s investment in Chevron accounts for 0.55% of its portfolio.
24. Intel Corporation (INTC)
Geode owns 88,700,000 shares in Intel, a leading semiconductor company with a market capitalization of $160 billion. Intel is a major supplier of processors for personal computers, data centers, and AI applications. Geode’s stake in Intel represents 0.39% of its portfolio.
25. Walmart Inc. (WMT)
Geode holds 35,000,000 shares in Walmart, the world’s largest retailer by revenue. Walmart has a market capitalization of over $420 billion and continues to expand its e-commerce and digital services. Geode’s investment in Walmart accounts for 0.68% of its portfolio.
26. Adobe Inc. (ADBE)
Geode owns 14,800,000 shares in Adobe, a leader in creative and digital marketing software. With a market capitalization of $220 billion, Adobe’s suite of products, including Photoshop and Acrobat, dominate the industry. Geode’s investment in Adobe represents 0.42% of its portfolio.
27. Mastercard Inc. (MA)
Geode holds 20,300,000 shares in Mastercard, a global financial services company facilitating digital transactions. With a market capitalization of $470 billion, Mastercard continues to grow its payment infrastructure and cybersecurity solutions. Geode’s stake in Mastercard accounts for 0.7% of its portfolio.
28. Netflix Inc. (NFLX)
Geode owns 12,100,000 shares in Netflix, a leading streaming service with a market capitalization of $260 billion. Netflix’s dominance in entertainment and content creation makes it a strong investment. Geode’s investment in Netflix represents 0.31% of its portfolio.
29. McDonald’s Corporation (MCD)
Geode holds 14,000,000 shares in McDonald’s, the world’s largest fast-food chain. With a market capitalization of $230 billion, McDonald’s continues to expand through digital ordering and international growth. Geode’s stake in McDonald’s accounts for 0.33% of its portfolio.
30. Costco Wholesale Corporation (COST)
Geode owns 11,800,000 shares in Costco, a membership-based wholesale retailer. Costco’s market capitalization exceeds $280 billion, and its unique business model ensures steady revenue growth. Geode’s investment in Costco represents 0.29% of its portfolio.
31. Salesforce Inc. (CRM)
Geode holds 15,000,000 shares in Salesforce, a leader in cloud-based customer relationship management (CRM) software. Salesforce’s market capitalization is $230 billion, and Geode’s investment accounts for 0.38% of its portfolio.
32. ASML Holding NV (ASML)
Geode owns 7,500,000 shares in ASML, a Dutch semiconductor company. With a market capitalization of $400 billion, ASML is crucial to chip manufacturing. Geode’s stake in ASML represents 0.45% of its portfolio.
33. IBM Corporation (IBM)
Geode holds 17,200,000 shares in IBM, a multinational technology and consulting company. IBM’s focus on AI, cloud computing, and quantum computing positions it as a key player in tech. Geode’s investment in IBM accounts for 0.28% of its portfolio.
34. Cisco Systems Inc. (CSCO)
Geode owns 30,500,000 shares in Cisco, a global leader in networking and cybersecurity solutions. Cisco’s market capitalization is $220 billion. Geode’s stake represents 0.32% of its portfolio.
35. Starbucks Corporation (SBUX)
Geode holds 20,000,000 shares in Starbucks, the world’s largest coffeehouse chain. With a market capitalization of $130 billion, Starbucks continues to expand globally. Geode’s investment in Starbucks represents 0.24% of its portfolio.
36. The Walt Disney Company (DIS)
Geode owns 22,500,000 shares in The Walt Disney Company, a global leader in entertainment and media. With a market capitalization of $230 billion, Disney’s portfolio includes theme parks, film studios, television networks, and the Disney+ streaming service. The company’s strong intellectual property, including franchises like Marvel, Star Wars, and Pixar, makes it a major player in the entertainment industry. Geode’s investment in Disney accounts for 0.27% of its portfolio.
37. Qualcomm Incorporated (QCOM)
Geode holds 18,700,000 shares in Qualcomm, a leading semiconductor and telecommunications company. Qualcomm’s market capitalization is $170 billion, and it is a key player in the development of 5G technology. The company’s dominance in wireless communications and its licensing business make it a strong investment. Geode’s stake in Qualcomm represents 0.31% of its portfolio.
38. Texas Instruments Incorporated (TXN)
Geode owns 12,400,000 shares in Texas Instruments, a major semiconductor manufacturer specializing in analog and embedded processing chips. With a market capitalization of $160 billion, Texas Instruments serves various industries, including automotive and industrial electronics. Geode’s investment in Texas Instruments accounts for 0.25% of its portfolio.
39. Shopify Inc. (SHOP)
Geode holds 9,800,000 shares in Shopify, a leading e-commerce platform that enables businesses to build and manage online stores. Shopify’s market capitalization is $100 billion, and the company’s growth is fueled by the increasing shift towards digital commerce. Geode’s stake in Shopify represents 0.22% of its portfolio.
40. Boeing Company (BA)
Geode owns 11,300,000 shares in Boeing, one of the world’s largest aerospace manufacturers. With a market capitalization of $140 billion, Boeing designs and produces commercial airplanes, defense systems, and space technologies. Despite facing challenges in recent years, Boeing remains a key player in global aviation. Geode’s investment in Boeing accounts for 0.21% of its portfolio.
41. Morgan Stanley (MS)
Geode holds 16,200,000 shares in Morgan Stanley, a leading investment bank and wealth management firm. With a market capitalization of $170 billion, Morgan Stanley provides financial services, including asset management and trading. Geode’s stake in Morgan Stanley represents 0.3% of its portfolio.
42. PayPal Holdings, Inc. (PYPL)
Geode owns 14,500,000 shares in PayPal, a global digital payments platform. PayPal’s market capitalization is $90 billion, and it continues to innovate in online and mobile payment solutions. Geode’s investment in PayPal accounts for 0.19% of its portfolio.
43. General Electric Company (GE)
Geode holds 10,700,000 shares in General Electric, a multinational conglomerate focused on aviation, power, and renewable energy. With a market capitalization of $150 billion, GE is a leader in industrial technology. Geode’s stake in General Electric represents 0.23% of its portfolio.
44. Uber Technologies, Inc. (UBER)
Geode owns 13,600,000 shares in Uber, a global ride-sharing and food delivery company. Uber’s market capitalization is $120 billion, and it continues to expand into autonomous vehicle technology and logistics. Geode’s investment in Uber accounts for 0.2% of its portfolio.
45. AMD (Advanced Micro Devices) (AMD)
Geode holds 19,500,000 shares in AMD, a semiconductor company specializing in high-performance computing and graphics processing. With a market capitalization of $210 billion, AMD is a major competitor to Intel and NVIDIA. Geode’s stake in AMD represents 0.35% of its portfolio.
46. Lockheed Martin Corporation (LMT)
Geode owns 8,900,000 shares in Lockheed Martin, the world’s largest defense contractor. With a market capitalization of $120 billion, Lockheed Martin supplies military aircraft, missiles, and defense systems. Geode’s investment in Lockheed Martin accounts for 0.18% of its portfolio.
47. Snowflake Inc. (SNOW)
Geode holds 7,200,000 shares in Snowflake, a cloud data platform specializing in data warehousing and analytics. Snowflake’s market capitalization is $85 billion, and it is a leader in cloud-based data solutions. Geode’s stake in Snowflake represents 0.17% of its portfolio.
48. Starbucks Corporation (SBUX)
Geode owns 21,000,000 shares in Starbucks, the world’s largest coffee chain. With a market capitalization of $125 billion, Starbucks continues expanding its global footprint and digital payment integrations. Geode’s investment in Starbucks accounts for 0.24% of its portfolio.
49. The Home Depot, Inc. (HD)
Geode holds 18,500,000 shares in Home Depot, the largest home improvement retailer in the U.S. With a market capitalization of $300 billion, Home Depot benefits from strong housing market trends. Geode’s stake in Home Depot represents 0.52% of its portfolio.
50. Airbnb, Inc. (ABNB)
Geode owns 9,200,000 shares in Airbnb, a global leader in short-term vacation rentals. With a market capitalization of $90 billion, Airbnb has revolutionized the travel and hospitality industry. Geode’s investment in Airbnb accounts for 0.2% of its portfolio.
Geode Capital Management Revenue and Net Worth
Geode Capital Management’s revenue and net worth are not publicly disclosed in detail. Estimates suggest that the firm’s annual revenue falls within the range of $100 to $500 million.
Additionally, with an AUM of $1.5 trillion as of December 31, 2024, Geode’s financial standing is substantial. However, specific historical revenue figures and year-over-year percentages are not available through public sources.
Final Words
Geode Capital Management stands as a prominent player in the investment management industry, specializing in systematic and quantitative strategies. While it does not own companies outright, its management of extensive investment portfolios provides clients with exposure to a diverse array of assets. Geode’s close ties with Fidelity Investments and its significant AUM underscore its influence and expertise in the financial sector.
FAQs
What types of investment strategies does Geode Capital Management employ?
Geode specializes in systematic and quantitative investment strategies, focusing on core beta exposures across various equity and niche asset classes.
Is Geode Capital Management affiliated with Fidelity Investments?
Yes, Geode was initially established by Fidelity Investments in 2001 and spun off as an independent company in 2003. Despite its independence, Geode continues to maintain a close relationship with Fidelity, primarily through sub-advisory roles.
How does Geode Capital Management select its investments?
Geode employs systematic, computer-driven approaches to investment selection, utilizing quantitative models to identify and capitalize on market opportunities.
What is the significance of Geode’s AUM?
An AUM of $1.5 trillion indicates the total market value of assets that Geode manages on behalf of its clients, reflecting the firm’s substantial presence and influence in the investment management industry.