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 |
Microsoft
MSFT
|
+$1.53B |
| 2 |
NVIDIA
NVDA
|
+$1.07B |
| 3 |
Capital One
COF
|
+$1.02B |
| 4 |
Apple
AAPL
|
+$998M |
| 5 |
Amazon
AMZN
|
+$736M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DFS
Discover Financial Services
DFS
|
+$1.09B |
| 2 |
Palantir
PLTR
|
+$671M |
| 3 |
Coca-Cola
KO
|
+$501M |
| 4 |
Qualcomm
QCOM
|
+$435M |
| 5 |
Applovin
APP
|
+$362M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.45% |
| 2 | Financials | 14.05% |
| 3 | Consumer Discretionary | 10.53% |
| 4 | Healthcare | 9.36% |
| 5 | Communication Services | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3026
Smith-Midland
SMID
$147M
| $2.78M | ﹤0.01% |
82,845
-20,897
| -20% | -$636K |
|
|
LAZR
3027
DELISTED
Luminar Technologies
LAZR
| $2.78M | ﹤0.01% |
968,026
+320,874
| +50% | +$1.22M |
|
|
NREF
3028
NexPoint Real Estate Finance
NREF
$318M
| $2.78M | ﹤0.01% |
201,310
+1,716
| +0.9% | +$24.6K |
|
3029
Alector
ALEC
$228M
| $2.78M | ﹤0.01% |
1,982,068
+19,970
| +1% | +$25K |
|
3030
Galicia Financial Group
GGAL
$7.23B
| $2.75M | ﹤0.01% |
54,525
+362
| +0.7% | +$20.7K |
|
3031
Meridian
MRBK
$240M
| $2.74M | ﹤0.01% |
212,905
+111,939
| +111% | +$1.48M |
|
3032
Landmark Bancorp
LARK
$197M
| $2.74M | ﹤0.01% |
108,799
+59,744
| +122% | +$1.6M |
|
3033
Outdoor Holding Co
POWW
$255M
| $2.73M | ﹤0.01% |
2,134,270
+11,729
| +0.6% | +$18.6K |
|
3034
Fate Therapeutics
FATE
$294M
| $2.72M | ﹤0.01% |
2,429,167
+159,558
| +7% | +$185K |
|
3035
Arena Group
AREN
$56.7M
| $2.72M | ﹤0.01% |
437,924
+208,448
| +91% | +$1.02M |
|
3036
Hamilton Beach Brands
HBB
$447M
| $2.71M | ﹤0.01% |
151,478
-12,150
| -7% | -$216K |
|
|
AISP
3037
Airship AI Holdings
AISP
$66.8M
| $2.71M | ﹤0.01% |
459,461
+140,793
| +44% | +$627K |
|
3038
KE Holdings
BEKE
$18.7B
| $2.7M | ﹤0.01% |
152,284
-4,015,891
| -96% | -$77.2M |
|
|
RPT
3039
Rithm Property Trust
RPT
$101M
| $2.69M | ﹤0.01% |
166,235
+85,484
| +106% | +$1.39M |
|
3040
Design Therapeutics
DSGN
$901M
| $2.68M | ﹤0.01% |
794,008
+18,511
| +2% | +$69.3K |
|
3041
GDS Holdings
GDS
$6.97B
| $2.67M | ﹤0.01% |
87,352
-4,836
| -5% | -$123K |
|
3042
Melco Resorts & Entertainment
MLCO
$2.14B
| $2.67M | ﹤0.01% |
369,491
+20,165
| +6% | +$117K |
|
3043
ECB Bancorp
ECBK
$182M
| $2.67M | ﹤0.01% |
172,835
+92,310
| +115% | +$1.45M |
|
3044
Energy Services of America
ESOA
$233M
| $2.66M | ﹤0.01% |
267,626
+140,986
| +111% | +$1.35M |
|
|
LUCK
3045
Lucky Strike Entertainment
LUCK
$930M
| $2.66M | ﹤0.01% |
291,256
-5,974
| -2% | -$54K |
|
3046
Nerdy
NRDY
$92.6M
| $2.65M | ﹤0.01% |
1,625,693
-211,374
| -12% | -$337K |
|
3047
Rackspace Technology
RXT
$1.1B
| $2.64M | ﹤0.01% |
2,064,549
+313,636
| +18% | +$409K |
|
3048
Holley
HLLY
$362M
| $2.64M | ﹤0.01% |
1,320,321
+108,964
| +9% | +$231K |
|
|
STLN
3049
Starling Oncology, Inc. Common Stock
STLN
$638M
| $2.62M | ﹤0.01% |
1,279,443
+893,696
| +232% | +$2.23M |
|
|
TVRD
3050
Tvardi Therapeutics
TVRD
$22.1M
| $2.62M | ﹤0.01% |
112,138
+99,016
| +755% | +$2.34M |
|
Similar funds
Geode Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Geode Capital Management held 4,594 positions worth $1.43T, up 12% from $1.27T the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Geode Capital Management's Q2 2025 filing shows 119 new, 2,787 increased, 1,425 reduced and 150 closed positions. Its largest new stake was Emera Inc: 3,219,448 shares worth $152M. The largest sale was Discover Financial Services, an estimated $1.09B.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q2 2025 buy was Emera Inc: 3,219,448 shares worth $152M.
- Geode Capital Management added most to Microsoft in Q2 2025, an estimated $1.53B increase.
- Geode Capital Management's biggest Q2 2025 reduction was Palantir, cutting an estimated $671M.
- Geode Capital Management fully exited Discover Financial Services in Q2 2025, selling an estimated $1.09B.
- Geode Capital Management's ten largest holdings make up 32% of its $1.43T portfolio in Q2 2025.
- Geode Capital Management opened 119 new positions and closed 150 in Q2 2025.
- Geode Capital Management's portfolio value rose 12% quarter-over-quarter to $1.43T.
Based on Geode Capital Management's 13F filing for Q2 2025, filed 8 Aug 2025.