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 | |
|---|---|---|---|---|---|---|
3151
Coherus Oncology
CHRS
$176M
| $1.96M | ﹤0.01% |
2,676,476
+20,976
| +0.8% | +$18.1K |
|
|
BZAI
3152
Blaize Holdings
BZAI
$168M
| $1.95M | ﹤0.01% |
655,679
+3,031
| +0.5% | +$7.46K |
|
|
PPIH
3153
Perma-Pipe International
PPIH
$217M
| $1.94M | ﹤0.01% |
84,881
+125
| +0.1% | +$1.8K |
|
3154
Korro Bio
KRRO
$194M
| $1.94M | ﹤0.01% |
155,387
+15,166
| +11% | +$218K |
|
3155
Crexendo
CXDO
$217M
| $1.93M | ﹤0.01% |
318,001
+173,530
| +120% | +$906K |
|
3156
SmartRent
SMRT
$276M
| $1.93M | ﹤0.01% |
1,944,020
-2,253,924
| -54% | -$2.02M |
|
3157
MediWound
MDWD
$176M
| $1.92M | ﹤0.01% |
99,058
-17,450
| -15% | -$329K |
|
3158
Designer Brands
DBI
$315M
| $1.92M | ﹤0.01% |
805,535
-46,814
| -5% | -$141K |
|
3159
ZIM Integrated Shipping Services
ZIM
$3.27B
| $1.92M | ﹤0.01% |
119,218
+6,342
| +6% | +$99.9K |
|
|
PAMT
3160
PAMT Corp
PAMT
$282M
| $1.91M | ﹤0.01% |
148,522
+3,178
| +2% | +$42.7K |
|
3161
Unusual Machines
UMAC
$1.36B
| $1.91M | ﹤0.01% |
222,927
+105,020
| +89% | +$662K |
|
3162
Mercer International
MERC
$33.9M
| $1.89M | ﹤0.01% |
539,064
+2,926
| +0.5% | +$12.1K |
|
3163
Full Truck Alliance
YMM
$9.15B
| $1.89M | ﹤0.01% |
159,770
+16,591
| +12% | +$193K |
|
3164
PrimeEnergy Resources
PNRG
$322M
| $1.88M | ﹤0.01% |
12,872
-2,551
| -17% | -$442K |
|
3165
Journey Medical
DERM
$185M
| $1.88M | ﹤0.01% |
262,353
+148,612
| +131% | +$1.03M |
|
|
BIOA
3166
BioAge Labs
BIOA
$491M
| $1.87M | ﹤0.01% |
453,455
+171,426
| +61% | +$691K |
|
|
SLSN
3167
Solesence Inc
SLSN
$71.3M
| $1.87M | ﹤0.01% |
+429,220
| New | +$1.51M |
|
3168
Lightwave Logic
LWLG
$1.19B
| $1.86M | ﹤0.01% |
1,498,697
-1,464,817
| -49% | -$1.54M |
|
|
AARD
3169
Aardvark Therapeutics
AARD
$141M
| $1.85M | ﹤0.01% |
136,927
+77,327
| +130% | +$797K |
|
|
EEX
3170
DELISTED
Emerald Holding
EEX
| $1.85M | ﹤0.01% |
381,507
-14,007
| -4% | -$61K |
|
3171
Traeger
COOK
$168M
| $1.82M | ﹤0.01% |
21,274
-266
| -1% | -$20.4K |
|
3172
Lucid Diagnostics
LUCD
$185M
| $1.81M | ﹤0.01% |
1,577,369
+1,274,194
| +420% | +$1.65M |
|
|
FLYY
3173
DELISTED
Spirit Aviation Holdings, Inc.
FLYY
| $1.81M | ﹤0.01% |
+363,339
| New | +$2.17M |
|
|
LZMH
3174
LZ Technology Holdings
LZMH
$11.1M
| $1.81M | ﹤0.01% |
5,440
+38
| +0.7% | +$10.5K |
|
3175
NewAmsterdam Pharma
NAMS
$3.26B
| $1.8M | ﹤0.01% |
99,457
+13,629
| +16% | +$249K |
|
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.