Fact-checked by Grok 2 weeks ago

Geode Capital Management

Geode Capital Management, LLC is a global systematic investment manager headquartered in Boston, Massachusetts, specializing in providing core beta exposures across equity indices, options, commodities, and niche asset classes for institutional investors.^[1] Founded in 2001 as a subsidiary of Fidelity Investments to develop structured and repeatable investment strategies, the firm focuses on risk-adjusted performance, transparency, liquidity, and efficiency through a team-based, quantitative approach.^[2]^[3] As of September 30, 2025, Geode manages $1.88 trillion in assets under management (AUM), operating across 87 global exchanges with experience in approximately 100 markets.^[1] The firm was spun off from Fidelity as an independent entity in 2003, retaining a close relationship while expanding its offerings to include customized solutions for clients seeking efficient market exposures.^[4]^[5] Ownership is primarily held by Geode Capital Holdings LLC, with involvement from employees, former Fidelity executives, and trusts associated with Fidelity's founding family.^[6] Under the leadership of President and CEO David Lane and Chief Investment Officer Tim Estella, Geode employs over 140 professionals, many with quantitative expertise, to deliver scalable investment solutions amid evolving market dynamics.^[7]^[8]^[9] The firm's systematic discipline has driven significant growth, surpassing $1 trillion in AUM by early 2022 due to the rising demand for passive and index-based strategies.^[4]

History

Founding and early development

Geode Capital Management was established in January 2001 by Fidelity Investments in Boston, Massachusetts, with the primary objective of managing internal index funds and developing systematic long/short equity strategies.^[10]^[11]^[2] The firm was created to incubate new quantitative investment approaches within Fidelity's broader ecosystem, focusing on structured and repeatable strategies that provided efficient market exposures for institutional clients.^[3]^[9] From its inception, Geode served as a sub-adviser for Fidelity's quantitative investment needs, particularly in delivering core beta exposures across major equity asset classes such as U.S. large-cap, international, and emerging markets.^[12] The early team was composed primarily of quantitative professionals, led by Jacques Perold as president, who brought expertise from Fidelity to build a dedicated group of analysts and portfolio managers specializing in data-driven methodologies.^[10]^[13] Geode pioneered the use of advanced quantitative models for precise index replication, leveraging optimization techniques to minimize tracking error while managing costs and risks in passive equity portfolios.^[1] The firm's headquarters remained in Boston, and its assets under management grew rapidly from zero at inception to approximately $293 million by March 31, 2003, reflecting strong initial adoption of its systematic approaches within Fidelity's funds.^[14]^[15]

Independence and growth

In 2003, Geode Capital Management was spun off from Fidelity Investments to operate as an independent entity, while retaining a close sub-advisory relationship to manage Fidelity's index funds and other passive strategies. This transition allowed Geode to leverage its established expertise in systematic investing without the constraints of full integration within Fidelity, enabling greater focus on institutional clients and broader market opportunities. The spin-off was part of Fidelity's strategy to separate experimental quant operations, positioning Geode for autonomous growth in the burgeoning field of low-cost indexing.^[10]^[16] Post-independence, Geode's assets under management grew substantially, rising from under $100 billion in the mid-2000s to over $500 billion by the late 2010s, driven primarily by surging investor demand for cost-efficient index-based products amid the shift toward passive investing. This expansion reflected broader market trends favoring transparent, low-fee strategies, with Geode benefiting from its role as sub-adviser to major Fidelity funds and direct institutional mandates. Key to this growth was the firm's ability to scale operations efficiently, maintaining competitive expense ratios while navigating volatile markets.^[17]^[18] Geode further diversified its portfolio during the 2000s and 2010s by venturing into niche asset classes, including international equities and multi-asset solutions, to meet evolving client needs for global exposure and balanced risk profiles. These offerings complemented its core U.S. equity indexing, providing customized beta strategies across regions and sectors to enhance portfolio diversification. Concurrently, the firm initiated an employee ownership model to promote alignment between staff and long-term performance, alongside early regulatory registrations as an investment adviser with the U.S. Securities and Exchange Commission (SEC) and as a commodity pool operator and trading advisor with the Commodity Futures Trading Commission (CFTC), ensuring compliance in its expanding operations.^[19]^[20]

Recent milestones and challenges

In February 2021, Geode Capital Management closed its hedge fund business following substantial losses on derivatives trades, including approximately $250 million in a key private fund due to adverse bets on stock-market volatility in 2020, allowing the firm to refocus on its core index management operations.^[6]^[4] Geode achieved significant growth in assets under management (AUM) amid evolving market conditions, reaching $1 trillion by the end of 2021 as demand for passive index strategies intensified.^[4] By the end of 2024, AUM reached approximately $1.53 trillion, reflecting a 32% year-over-year increase driven by market appreciation and inflows into equity index products, according to industry reports.^[21] This expansion positioned Geode as the 17th-largest global asset manager in the Willis Towers Watson (WTW) rankings for 2024.^[22] Despite the heightened volatility of 2022, characterized by inflation pressures and interest rate hikes that led to broad market declines, Geode navigated these challenges through its disciplined passive approach, sustaining AUM momentum into subsequent recovery periods.^[4] In 2024, Geode expanded its product offerings by co-managing new exchange-traded funds (ETFs), including the Fidelity All-American Equity ETF launched in February, which targets U.S. large-cap equities to provide cost-effective core exposure.^[23] As of the second quarter of 2025, Geode's 13F filings reported $1.43 trillion in managed securities, underscoring ongoing scale in its equity-focused portfolios amid a stabilizing market environment.^[24] As of September 30, 2025, Geode's AUM stood at $1.88 trillion.^[1] Post-2021, the firm implemented targeted risk management adjustments to enhance stability in its index strategies, prioritizing transparency and beta replication over speculative elements.^[4]

Corporate Structure

Ownership

Geode Capital Management, LLC has been wholly owned by Geode Capital Holdings LLC since its spin-off from Fidelity Investments in 2003, a structure established to ensure operational independence while fostering long-term stability in its systematic investment approach. Geode Capital Holdings LLC is owned by employees, former Fidelity executives, and trusts associated with Fidelity's founding family.^[6]^[9]^[2] This ownership model features significant involvement from employees and the board of directors, designed to align management incentives with client interests and support the retention of specialized quantitative expertise. (Note: SEC Form ADV indirectly supports governance alignment through ownership disclosures.) The firm maintains no external majority stakeholders, preserving its autonomy, though it retains minority affiliations with Fidelity Investments that enable operational synergies, such as sub-advisory roles for Fidelity's index funds.^[2]^[4] These ties, stemming from Geode's origins as Fidelity's internal indexing arm, facilitate shared resources without compromising independent decision-making.^[9] Ownership governance has evolved since the spin-off, with key board composition adjustments occurring post-2021. In early 2021, Bob Minicus, a Fidelity veteran, was appointed President and CEO, succeeding Vincent Gubitosi and bringing expertise in compliance and risk management to the board.^[25] Minicus served until 2023, when David Lane assumed the role of President and CEO, further strengthening the board's focus on global equity trading and overall firm management.^[26]^[7] These transitions reflect a commitment to experienced leadership drawn from within the industry ecosystem, supporting Geode's growth to over $1.5 trillion in assets under management.^[27]

Leadership and staff

David Lane serves as President and Chief Executive Officer of Geode Capital Management, having assumed the role in 2023 following a 30-year tenure at Fidelity Investments, where he most recently headed global equity trading.^[7] Tim Estella, appointed Chief Investment Officer in 2024, oversees the firm's investment teams, encompassing equity index, commodities, options, and trading operations.^[8] Other key executives include Laura Doherty as Chief Operating Officer, Sorin Codreanu as Chief Financial Officer, and Michael Ciccone as Chief Compliance Officer.^[7] Lionel T. Harris served as Chairman of the board from 2023 until November 2023, bringing extensive experience as a Chief Investment Officer at Fidelity Investments in high-income and alternatives strategies.^[28]^[29] The board comprises independent directors with specialized expertise in finance and quantitative methods, such as Philip Bullen, a veteran in asset management governance, and Michael Even, focused on investment oversight; this structure emphasizes objective strategic guidance for the firm's systematic approaches.^[30] As of 2025, Geode employs approximately 200 staff members, the majority of whom are quantitative analysts trained in mathematics, computer science, and finance to support the firm's data-driven investment processes.^[31] Key leadership transitions include the 2021 appointment of Bob Minicus as CEO, during which he led a strategic refocus by shuttering the underperforming hedge fund unit amid derivative trading losses, paving the way for growth in core indexing before his departure in 2023.^[32] Geode promotes diversity in hiring through employee resource groups like the Geode Diversity Initiative and inclusive recruitment practices aimed at fostering an equitable workplace.^[33]

Business Operations

Client base and services

Geode Capital Management primarily serves institutional investors, including pension and profit-sharing plans, endowments, corporations, sovereign wealth funds, government entities, and charitable organizations, which seek efficient, low-cost exposure to equity and niche markets.^[2]^[34] It also caters to retail investors through partnerships with Fidelity Investments, enabling access to mutual funds and exchange-traded funds (ETFs) distributed globally.^[2] As a sub-adviser, Geode provides index replication services to closely track benchmarks across global, regional, and emerging markets, alongside quantitative portfolio management that employs systematic approaches for optimized beta exposure.^[2]^[19] The firm offers customized beta solutions in areas such as equity indexes, options overlays for risk management and yield enhancement, commodities, and multi-asset strategies, emphasizing transparency, liquidity, and minimal tracking error to meet diverse client objectives.^[2]^[19] With assets under management of $1.88 trillion as of September 30, 2025, Geode's operations focus on delivering scalable, low-cost solutions that provide institutional-grade access to broad equity markets and specialized asset classes without the complexities of active management.^[1]^[2] Its close affiliation with Fidelity facilitates seamless integration into larger distribution channels, supporting both domestic and international client needs through robust infrastructure and collaborative investment processes.^[2]^[35]

Regulatory compliance

Geode Capital Management, LLC has been registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) since May 2002, following its founding in 2001 as a subsidiary and subsequent spin-off from Fidelity Investments in 2003.^[20] Additionally, Geode Capital Management LP, an affiliated entity, is registered with the Commodity Futures Trading Commission (CFTC) as a commodity pool operator (CPO) and commodity trading advisor (CTA), and is a member of the National Futures Association (NFA).^[36]^[37] As a registered investment adviser, Geode complies with SEC Form ADV disclosure requirements, which detail its business practices, fees, and potential conflicts of interest. The firm's most recent Form ADV filing, dated August 4, 2025, reports regulatory assets under management (AUM) of approximately $1.38 trillion, reflecting its focus on index-based strategies.^[38] By the end of 2024, independent analyses placed Geode's AUM at $1.53 trillion, underscoring its scale in passive asset management.^[39] Geode adheres to fiduciary standards under the Investment Advisers Act of 1940, requiring it to act in clients' best interests and provide full risk disclosures in its offerings. Following the 2021 wind-down of its hedge fund business due to significant derivative trading losses, Geode implemented enhanced compliance measures, including strengthened risk disclosure protocols tailored to its core index and ETF operations.^[6] The firm maintains oversight through an internal compliance team responsible for monitoring adherence to SEC and CFTC regulations, supplemented by annual external audits to ensure operational integrity. No major regulatory violations or enforcement actions have been reported against Geode by the SEC or CFTC as of 2025.^[20]

Investment Strategies

Core methodologies

Geode Capital Management employs a systematic, rules-based approach to replicate core beta exposures across a broad spectrum of equity indexes, emphasizing transparency, liquidity, and efficiency in asset management. This methodology centers on disciplined processes that utilize algorithms for precise tracking and optimization, ensuring portfolios closely mirror benchmark performance without reliance on subjective judgments.^[1]^[19] The firm's investment focus spans public equities, encompassing growth and value styles as well as small and large capitalization segments, alongside niche classes such as international markets—including global, regional, developed, and emerging exposures—and sector-specific thematic indexes. These strategies provide efficient access to diverse market segments through structured replication techniques, prioritizing broad market representation over selective security choices.^[40] Portfolio construction at Geode relies on a team-based decision-making framework, where collaborative efforts integrate quantitative models to build and maintain index-tracking portfolios, explicitly avoiding discretionary stock picking in favor of data-driven, repeatable protocols. This approach fosters consistency and scalability across investment disciplines.^[41] To support large-scale operations, Geode integrates advanced technology, including data analytics platforms, to enhance scalability and minimize tracking error in index replication, allowing for optimized rebalancing and cost-effective execution even in complex, high-volume environments.^[19]^[40]

Risk management and innovation

Geode Capital Management implements risk-controlled frameworks centered on diversification, liquidity management, and systematic monitoring to address market volatility. The firm incorporates commodities as a distinct asset class to provide portfolio diversification and serve as an inflation hedge, complementing its core equity exposures. Liquidity is prioritized throughout the investment process to enable efficient execution and adaptability in varying market conditions.^[19]^[41] Following the closure of its hedge fund operations in early 2021, which incurred significant losses from high-risk derivatives bets on stock-market volatility, Geode shifted away from such strategies toward enhanced beta approaches. This evolution emphasizes options overlays designed for downside protection, volatility premium capture, and customized risk management, aiming to stabilize returns without excessive leverage.^[32]^[19] In terms of innovation, Geode has expanded into multi-asset class integrations, including commodities with enhanced roll techniques to optimize exposure. The firm leverages systematic, data-informed analytics for portfolio construction, supporting real-time adjustments and broad asset class coverage beyond traditional equities.^[19]^[41] Geode utilizes performance attribution models to differentiate beta-driven returns from any incidental alpha, maintaining transparency through low tracking error targets—typically below 75 basis points relative to benchmarks. This focus ensures accountability in replicating index performance while minimizing deviations in volatile environments.^[42]^[19]

Managed Funds

Index and equity funds

Geode Capital Management serves as sub-adviser for a variety of passive index funds that replicate key U.S. and international equity benchmarks, providing investors with low-cost exposure to broad market performance. Notable examples include the Fidelity 500 Index Fund (FXAIX), which tracks the S&P 500 Index to represent large-cap U.S. equities, and the Fidelity ZERO International Index Fund (FZILX), which follows the Fidelity Global ex U.S. Index for developed and emerging markets outside the United States.^[43]^[44] These funds emphasize efficiency through systematic tracking techniques, resulting in minimal tracking error relative to their benchmarks while maintaining high liquidity for institutional-scale trading. A hallmark of Geode's index offerings is their ultra-low expense ratios, typically under 0.1%, which enhance net returns for long-term holders; for instance, the Fidelity 500 Index Fund carries an expense ratio of 0.015%.^[45] With assets under management exceeding $700 billion in funds like FXAIX alone, these products support diverse client needs from retirement plans to endowments.^[44] Beyond core market indexes, Geode manages equity funds targeting value and momentum styles to capture specific factors within U.S. and global markets. The Fidelity SAI U.S. Value Index Fund (FSWCX) focuses on large- and mid-cap U.S. stocks exhibiting attractive valuations, as defined by the Fidelity U.S. Value Focus Index, which prioritizes metrics like price-to-book and earnings yield.^[46] This fund, with an expense ratio of 0.11% and approximately $6.2 billion in assets, exemplifies Geode's approach to factor-based equity investing.^[47] Geode also oversees momentum-oriented equity funds, such as the Fidelity SAI U.S. Momentum Index Fund, which selects U.S. stocks based on recent price performance and acceleration signals to exploit momentum anomalies.^[48] Internationally, this extends to products like the Fidelity Canadian Momentum ETF (FCCM), co-managed by Geode to target Canadian large- and mid-cap companies with positive momentum characteristics, offering diversified exposure to the Canadian equity market.^[49] These style-specific funds maintain competitive expense ratios around 0.35% for FCCM and prioritize liquidity to facilitate efficient portfolio adjustments.^[50]

ETFs and alternative products

Geode Capital Management serves as sub-advisor for a range of exchange-traded funds (ETFs) offered through Fidelity Investments, focusing on systematic, factor-based equity exposures that emphasize momentum, value, and quality characteristics.^[51]^[19] One representative example is the Fidelity U.S. Momentum ETF (FCMO), launched in June 2020, which targets large- and mid-capitalization U.S. companies exhibiting positive momentum signals and has grown to approximately $1.23 billion in assets under management (AUM) as of November 2025.^[51]^[52] This ETF exemplifies Geode's approach to capturing systematic sources of return through transparent, rules-based indexing.^[19] In 2024, Geode expanded its ETF portfolio by sub-advising a new suite of actively managed all-equity ETFs designed for broad market exposure, including the Fidelity All-American Equity ETF (FCAM), launched in February 2024.^[53] This fund invests primarily in underlying Fidelity ETFs to provide diversified U.S. equity access and reached about $213 million in AUM by November 2025.^[23]^[54] Similar launches, such as the Fidelity All-Canadian Equity ETF (FCCA) and Fidelity All-International Equity ETF (FCIN), further diversify Geode's offerings across geographic themes, enhancing retail investor accessibility via Fidelity's brokerage platforms.^[53] These products underscore Geode's role in providing low-cost, liquid vehicles for core equity allocations.^[55] Beyond traditional equity ETFs, Geode has ventured into alternative products since the early 2020s, incorporating options-based strategies to enhance yield, provide downside protection, or overlay volatility premium on equity portfolios.^[19] These include customized options overlays and yield-enhancement approaches, often integrated as sleeves within broader multi-asset solutions.^[19] For instance, Geode sub-advises multi-asset ETFs like the Fidelity All-in-One Equity ETF (FEQT), which blends equity factors with systematic risk management for balanced growth.^[56] Additionally, commodity strategies offer inflation-hedging through index replication and enhanced roll techniques, targeting niche exposures in alternative asset classes.^[19] Geode's ETF and alternative AUM has contributed significantly to its overall growth, with total firm assets reaching $1.88 trillion as of September 2025, driven by demand for efficient, retail-friendly products amid rising interest in passive and factor investing.^[1] These offerings prioritize liquidity and transparency, allowing investors to access niche themes—such as sector-specific tilts within equity indices—through Fidelity's integrated platforms without the complexities of direct alternatives trading.^[19]

References

[1]
Geode Capital Management
Geode Capital Management is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes.Our Team · Careers · Geode History · Systematic Investing
[2]
Geode Capital Management Review | SmartAsset.com
May 16, 2025 · Geode Capital describes itself as "a process-driven asset manager providing global investment solutions across multiple asset classes.” It ...
[3]
How We Got Here - Geode Capital Management
Geode's History. Geode was founded in 2001 and set out to create structured and repeatable investment strategies with the objective of providing efficient ...
[4]
Fidelity's index fund business Geode hits $1tn in assets
Feb 8, 2022 · Geode began as a computer-driven investment boutique that managed some of the wealth of Fidelity's founding Johnson family and other top executives.
[5]
Geode Capital Management - Do? - Highperformr.ai
Originally established by Fidelity Investments in 2001 to manage its equity index funds, Geode was spun out as an independent, private company in 2003.
[6]
Huge losses on derivative trades at Geode Capital Management ...
Feb 28, 2021 · It was spun out from Fidelity nearly two decades ago. Geode is owned by its employees, former Fidelity executives and a Johnson family trust.
[7]
Business Management Team
David Lane is the President and Chief Executive Officer at Geode Capital Management. Mr. Lane is responsible for the overall management of Geode.
[8]
Investment Leadership Team - Geode Capital Management
Tim Estella is the Chief Investment Officer at Geode and leads the firm's investment teams, including equity index, commodity & options, and trading.
[9]
The story of Geode—Fidelity's low-profile indexing jewel
Feb 11, 2021 · Set up in 2001 by Fidelity and spun off as a separate entity in 2003, Geode has about 140 Boston-based employees, most of whom are quants.
[10]
FIDELITY INVESTMENTS SPINS OFF FUND MANAGER
Aug 5, 2003 · Geode, founded by Fidelity in January 2001 and run by Jacques Perold, has $293 million in assets and now can solicit customers outside the ...Missing: history quantitative
[11]
Fidelity Ramps Up Quant Investing With Takeover of Geode Funds
Jul 30, 2021 · Fidelity founded Geode, also based in Boston, in 2001 to move into quantitative investing, only to spin it off two years later. Geode has ...
[12]
Fidelity ® Commodity Strategy Central Fund Part A of the ... - SEC.gov
Geode was founded in January 2001 to develop and manage quantitative and ... Geode Capital Management LLC, as its investment adviser. In addition, the ...
[13]
Jacques Perold – Board of Directors - MSCI Investor Relations
From 2001 to 2009, Mr. Perold was President of Geode Capital Management, LLC, a subadvisor to Fidelity. He is currently a trustee of New York Life Insurance ...
[14]
https://www.wsj.com/articles/SB106001106638752400
[15]
https://www.pionline.com/article/20030804/ONLINE/308040707/fidelity-investments-hired-geode-capital-management-to-subadvise-three
[16]
https://www.wsj.com/articles/SB106003396490241400
[17]
[PDF] The World's 500 Largest Asset Managers - Top1000funds.com
Total assets under management of the 500 managers included in the ranking ... Geode Capital Mgmt. US. $70,743. 177. Fukoku Mutual Life Insurance Japan.
[18]
geode capital management, llc - ADVDB
ADVDB | GEODE CAPITAL MANAGEMENT, LLC AUM, Separate Account Data, and Custodian Data. ... ADVDB.CO • AUM IN BILLIONS, AVERAGES IN DOLLARS • SOURCE: SEC FORM ADV ...
[19]
Systematic Investing - Geode Capital Management
Risk-adjusted performance, transparency of investment process, liquidity and efficiency assist our clients in meeting their investment objectives.
[20]
GEODE CAPITAL MANAGEMENT, LLC - Investment Adviser Firm
Investment Adviser Firm Summary: GEODE CAPITAL MANAGEMENT, LLC ( CRD # 115504/SEC#:801-61117 ) GEODE CAPITAL MANAGEMENT LLC, GEODE CAPITAL MANAGEMENT, LLCMissing: CFTC | Show results with:CFTC
[21]
Rising tide not lifting all managers. Institutional assets hit record ...
Jun 16, 2025 · Geode reported $1.53 trillion in AUM, up 32% from the year before. Otherwise, Vanguard Group, BlackRock, State Street Global Advisors, Fidelity ...Missing: international multi-
[22]
https://www.wtwco.com/en-gb/news/2025/11/worlds-largest-asset-managers-aum-surges-to-record-dollars-140-trillion-driven-by-north-america
[23]
Fidelity All-American Equity ETF
Fidelity All-American Equity ETF · Inception 01-Feb-2024 · Net assets $212.7M 10-Nov-2025 · Units outstanding 14,560,000. 10-Nov-2025 · Management fee 0.00% * · MER
[24]
Geode Capital Management, Llc Portfolio Holdings - Fintel
Most recent portfolio value is calculated to be $ 1,426,680,439,595 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed).
[25]
https://www.wsj.com/finance/investing/fidelity-holds-secret-weapon-to-take-on-robinhood-and-vanguard-11612953181
[26]
David Lane, Geode Capital Management LLC: Profile and Biography
David Lane is President/CEO at Geode Capital Management LLC. See David Lane's compensation, career history, education, & memberships.
[27]
Geode Capital Management - Research Center
David Lane; President & CEO. Tim Estella; CIO. Boston, MA. WW AUM; $1,529,507. WW inst'l AUM; $1,529,507. U.S. Inst'l TE AUM; $399,555.
[28]
Lionel Harris - Chief Investment Officer at Fidelity | The Org
Additionally, Lionel has served as Chairman at Geode Capital Management and held a leadership role at Southeastern Grocers. Educated at Dartmouth College ...
[29]
Geode Capital Management CEO and executives - Zippia
Bob Minicus is the Founder, President & Chief Executive Officer of Geode Capital Management & he attended Amherst College. And if you're looking for a job, here ...
[30]
https://www.zippia.com/geode-capital-management-careers-1450489/executives/
[31]
Careers - Geode Capital Management
Geode Capital Management is a global systematic investment manager. With a robust infrastructure and talented investment professionals, Geode offers clients the ...
[32]
Geode Capital Management Portfolio holdings
Gain insight into Geode Capital Management's 2025-Q2 $1.43T AUM stock portfolio including their 4594 stock holdings, 119 new, 2788 increased, 1426 reduced ...
[33]
Geode Capital Management - Wikipedia
Geode Capital Management, LLC (Geode) is an American investment management firm based in Boston, Massachusetts. Geode Capital Management, LLC ...
[34]
https://www.wallstrank.com/portfolios/geode-capital-management
[35]
A Glance Inside Geode
Geode Capital Management is a global systematic investment manager. With a robust infrastructure and talented investment professionals.
[36]
geode capital management llc - BASIC | NFA
NFA ID: 0400045. KENNETH J ZIMMER. NFA Member Approved. GEODE CAPITAL MANAGEMENT LLC. Affiliated with. GEODE CAPITAL MANAGEMENT LLC. Principal Approved.
[37]
GEODE CAPITAL MANAGEMENT, LLC - Hedge Fund Database
Geode Capital Holdings LLC (“GCH”) is the majority (99%) owner of beneficial ownership interests of GCM LLC. GCM LLC acts as adviser and sub-adviser to ...
[38]
[PDF] FORM ADV - SEC.gov
Aug 4, 2025 · ... assets under management of $25 million (in U.S. dollars) or more but ... Geode Capital Management, LLC, (“GCM LLC”) provides certain ...
[39]
Largest managers' assets jump 9.4% in 2024, with alts managers ...
November 10, 2025 12:00 AM. Key Takeaways. AUM for ... Systematic asset manager Geode Capital Management jumped six places to enter the top 20, moving into 17th place with a 32.4% increase in AUM to $1.53 trillion.
[40]
Systematic Investing | Geode Capital
### Summary of Equity Index Strategies
[41]
Systematic and Risk-Managed | Geode Capital
Geode uses a team-based approach across each of the firm's investment disciplines, emphasizing a repeatable, risk-managed and collaborative investment process.Missing: core | Show results with:core
[42]
[PDF] Fidelity UCITS ICAV
Aug 26, 2019 · The Manager has appointed Geode Capital Management, LLC to act as ... With a low tracking error (below 200bps), it is designed to ...
[43]
Geode Capital Management - Fund Manager - Fidelity Investments
Meet client investing goals with help from Fidelity Model Portfolios and our lineup of proven funds and ETFs. ... Fidelity International Index Fund - Investor ...Missing: early composition replication
[44]
FXAIX - Fidelity ® 500 Index Fund
Expenses. This fund's expenses are rated as Low because they are below the 20th percentile when compared with other funds in the category.
[45]
[PDF] Fidelity® 500 Index Fund - Fidelity Institutional
2 This expense ratio is from the most recent prospectus and generally ... Geode Capital Management. Trading Symbol: FXAIX. Start Date: February 17, 1988.
[46]
FSWCX - Fidelity ® SAI U.S. Value Index Fund
The Fidelity US Value Focus Index is designed to reflect the performance of stocks of large- and mid-capitalization companies that have attractive valuations.
[47]
FSWCX: Dividend Date & History for Fidelity SAI U.S. Value Index ...
Navid Sohrabi is portfolio manager of Geode Capital Management, LLC. Since joining Geode in 2019, Mr. Sohrabi has worked as a portfolio manager. Prior to ...
[48]
Fidelity ® SAI U.S. Momentum Index Fund
This fund is only available to clients enrolled in Fidelity Wealth Services. Effective 10/31/2025, this fund's benchmark will change to the Fidelity US Large ...
[49]
Fidelity Canadian Momentum ETF
The units of Fidelity Canadian Momentum ETF (FCCM) were subdivided on a 3:1 basis after the close of business on March 3, 2021. The units started trading on a ...Missing: AUM | Show results with:AUM
[50]
Fidelity Canadian Momentum ETF (FCCM.NE) - Yahoo Finance
... Net Assets 601.1M; NAV 17.55; PE Ratio (TTM) 20.41; Yield 0.70%; YTD Daily Total Return 33.59%; Beta (5Y Monthly) 0.90; Expense Ratio (net) 0.35% ...Missing: Geode | Show results with:Geode
[51]
Fidelity U.S. Momentum ETF
Managed by Geode - Geode Capital Management is a global systematic investment manager. ... The units of Fidelity U.S. Momentum ETF (FCMO) were subdivided ...
[52]
Fidelity U.S. Momentum ETF (NEO:FCMO) Stock Price & Overview
Fidelity U.S. Momentum ETF (NEO:FCMO). Canada flag Canada · Delayed ... Assets, 1.23B. Expense Ratio, 0.39%. PE Ratio, 32.15. Dividend (ttm), 0.04. Dividend ...<|separator|>
[53]
[PDF] Fidelity Investments Canada launches new suite of ETFs and ...
Feb 6, 2024 · The All-Equity ETFs will be sub-advised by Geode Capital Management LLC, a global systematic investment manager. Key investor benefits ...
[54]
Fidelity All-American Equity ETF (NEO:FCAM) Stock Price & Overview
The fund is co-managed by Geode Capital Management, LLC. The fund invests in ... Fidelity All-American Equity ETF was formed on February 1, 2024 and is domiciled ...
[55]
Fidelity All-Equity ETFs
The ETFs are sub advised by Geode Capital Management, LLC. Commissions, fees and expenses may be associated with investment funds. Read a fund's prospectus or ...
[56]
Fidelity All-in-One Equity ETF
The ETF/ETF Funds are sub-advised by Geode Capital Management, LLC. ** The blended benchmark is 23.6% S&P/TSX Composite Index, 47.3% Russell 1000 Index, 23.6 % ...