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 | |
|---|---|---|---|---|---|---|
826
Maplebear
CART
$11.4B
| $140M | 0.01% |
3,099,372
+178,792
| +6% | +$7.77M |
|
827
Enphase Energy
ENPH
$5.59B
| $140M | 0.01% |
3,542,878
+73,459
| +2% | +$3.39M |
|
828
Mine Safety
MSA
$7.44B
| $140M | 0.01% |
833,928
-2,804
| -0.3% | -$439K |
|
829
American Airlines Group
AAL
$10.1B
| $139M | 0.01% |
12,395,481
-20,243
| -0.2% | -$217K |
|
830
Selective Insurance
SIGI
$5.6B
| $139M | 0.01% |
1,601,547
+507
| +0% | +$44.4K |
|
831
Churchill Downs
CHDN
$6.18B
| $138M | 0.01% |
1,366,238
-26,229
| -2% | -$2.57M |
|
832
Q2 Holdings
QTWO
$3.95B
| $138M | 0.01% |
1,470,279
+26,858
| +2% | +$2.27M |
|
833
Glaukos
GKOS
$10.7B
| $137M | 0.01% |
1,330,593
+115,529
| +10% | +$10.8M |
|
834
Ryan Specialty Holdings
RYAN
$10.8B
| $137M | 0.01% |
2,018,275
+75,598
| +4% | +$5.22M |
|
835
Alcoa
AA
$14.3B
| $137M | 0.01% |
4,637,897
+211,141
| +5% | +$5.7M |
|
836
CAVA Group
CAVA
$7.08B
| $137M | 0.01% |
1,622,898
+226,785
| +16% | +$19.3M |
|
837
Varonis Systems
VRNS
$4.84B
| $136M | 0.01% |
2,670,343
+7,342
| +0.3% | +$334K |
|
838
GATX Corp
GATX
$6.27B
| $135M | 0.01% |
879,139
+6,612
| +0.8% | +$991K |
|
839
Autoliv
ALV
$8.96B
| $135M | 0.01% |
1,205,868
-57,572
| -5% | -$5.64M |
|
840
Merit Medical Systems
MMSI
$5.44B
| $134M | 0.01% |
1,437,397
+39,620
| +3% | +$3.75M |
|
841
AXIS Capital
AXS
$7.35B
| $134M | 0.01% |
1,291,544
-50,220
| -4% | -$5M |
|
842
Oshkosh
OSK
$9.62B
| $134M | 0.01% |
1,180,143
-16,498
| -1% | -$1.6M |
|
843
Toro Company
TTC
$9.41B
| $134M | 0.01% |
1,892,808
-17,244
| -0.9% | -$1.22M |
|
|
AZEK
844
DELISTED
The AZEK Co
AZEK
| $134M | 0.01% |
2,437,705
+6,700
| +0.3% | +$336K |
|
845
STAG Industrial
STAG
$7.08B
| $134M | 0.01% |
3,684,395
+46,713
| +1% | +$1.62M |
|
846
Option Care Health
OPCH
$3.61B
| $134M | 0.01% |
4,112,089
-191,864
| -4% | -$6.2M |
|
847
Universal Display
OLED
$4.32B
| $133M | 0.01% |
863,379
-31,181
| -3% | -$4.37M |
|
848
Kite Realty
KRG
$5.24B
| $133M | 0.01% |
5,879,464
+40,017
| +0.7% | +$881K |
|
849
SPS Commerce
SPSC
$2.7B
| $133M | 0.01% |
975,890
+12,046
| +1% | +$1.67M |
|
850
Coeur Mining
CDE
$19.1B
| $133M | 0.01% |
14,979,134
+288,626
| +2% | +$2.1M |
|
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.