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 |
Apple
AAPL
|
+$2.75B |
| 2 |
Microsoft
MSFT
|
+$2.46B |
| 3 |
NVIDIA
NVDA
|
+$2.3B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$1.79B |
| 5 |
Amazon
AMZN
|
+$1.78B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXAS
Exact Sciences
EXAS
|
+$338M |
| 2 |
DAY
Dayforce
DAY
|
+$281M |
| 3 |
RNAM
Avidity Biosciences
RNAM
|
+$225M |
| 4 |
CYBR
CyberArk
CYBR
|
+$220M |
| 5 |
CMA
Comerica
CMA
|
+$213M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.41% |
| 2 | Financials | 12.78% |
| 3 | Consumer Discretionary | 9.97% |
| 4 | Healthcare | 9.79% |
| 5 | Communication Services | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
American Airlines Group
AAL
$9.58B
| $136M | 0.01% |
12,684,826
-118,342
| -0.9% | -$1.57M |
|
902
ONE Gas
OGS
$5.05B
| $136M | 0.01% |
1,580,865
+90,056
| +6% | +$7.46M |
|
|
JHG
903
DELISTED
Janus Henderson
JHG
| $136M | 0.01% |
2,646,011
+273,937
| +12% | +$13.6M |
|
904
Kirby Corp
KEX
$7.95B
| $136M | 0.01% |
1,021,904
+45,172
| +5% | +$5.72M |
|
905
Warrior Met Coal
HCC
$4.23B
| $135M | 0.01% |
1,453,157
+172,825
| +13% | +$15.6M |
|
906
Simpson Manufacturing
SSD
$7.98B
| $135M | 0.01% |
787,667
+22,345
| +3% | +$4.12M |
|
907
Construction Partners
ROAD
$5.84B
| $134M | 0.01% |
1,209,362
+45,439
| +4% | +$5.45M |
|
908
Lantheus
LNTH
$6.82B
| $134M | 0.01% |
1,765,952
+39,431
| +2% | +$2.83M |
|
|
CNR
909
Core Natural Resources Inc
CNR
$4.19B
| $134M | 0.01% |
1,276,540
+72,401
| +6% | +$6.89M |
|
910
Amdocs
DOX
$5.53B
| $133M | 0.01% |
1,996,627
+144,040
| +8% | +$10.5M |
|
911
AGCO
AGCO
$8.78B
| $133M | 0.01% |
1,148,286
+14,412
| +1% | +$1.75M |
|
|
NUVL
912
DELISTED
Nuvalent
NUVL
| $133M | 0.01% |
1,298,107
+59,873
| +5% | +$6.1M |
|
913
Boyd Gaming
BYD
$6.47B
| $133M | 0.01% |
1,616,387
+261,178
| +19% | +$21.9M |
|
914
Phillips Edison & Co
PECO
$5.48B
| $133M | 0.01% |
3,545,092
+102,870
| +3% | +$3.82M |
|
915
California Resources
CRC
$4.75B
| $132M | 0.01% |
1,913,561
+60,315
| +3% | +$3.41M |
|
916
Rubrik
RBRK
$15.1B
| $132M | 0.01% |
2,702,893
+174,244
| +7% | +$10M |
|
917
Enpro
NPO
$7.05B
| $132M | 0.01% |
526,528
-361
| -0.1% | -$90.4K |
|
918
D-Wave Quantum
QBTS
$6B
| $132M | 0.01% |
9,039,744
+645,018
| +8% | +$13.6M |
|
919
Campbell Soup
CPB
$6.51B
| $132M | 0.01% |
5,928,558
+412,535
| +7% | +$10.6M |
|
920
Powell Industries
POWL
$8.46B
| $131M | 0.01% |
728,571
+11,289
| +2% | +$1.85M |
|
921
NOV
NOV
$7.45B
| $131M | 0.01% |
6,983,577
+194,094
| +3% | +$3.65M |
|
922
Gentex
GNTX
$4.88B
| $131M | 0.01% |
6,009,747
+326,521
| +6% | +$7.57M |
|
923
Procore
PCOR
$6.46B
| $131M | 0.01% |
2,300,790
+89,646
| +4% | +$5.3M |
|
924
Laureate Education
LAUR
$5.18B
| $131M | 0.01% |
3,750,630
+347,365
| +10% | +$11.9M |
|
|
CRCL
925
Circle Internet Group
CRCL
$15.5B
| $130M | 0.01% |
1,365,036
+314,022
| +30% | +$26.6M |
|
Similar funds
Geode Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Geode Capital Management held 4,628 positions worth $1.61T, down 0.8% from $1.62T the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Geode Capital Management deployed $55.8B of net new capital in Q1 2026, opening 160 new positions and adding to 3,465 existing holdings. Its largest new stake was Versant Media Group: 1,896,951 shares worth $70.3M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 33% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Hershey, an estimated $134M trimmed.
- Geode Capital Management's largest Q1 2026 buy was Versant Media Group: 1,896,951 shares worth $70.3M.
- Geode Capital Management added most to Apple in Q1 2026, an estimated $2.75B increase.
- Geode Capital Management's biggest Q1 2026 reduction was Hershey, cutting an estimated $134M.
- Geode Capital Management fully exited Exact Sciences in Q1 2026, selling an estimated $338M.
- Geode Capital Management's ten largest holdings make up 31% of its $1.61T portfolio in Q1 2026.
- Geode Capital Management opened 160 new positions and closed 115 in Q1 2026.
- Geode Capital Management's portfolio value fell 0.8% quarter-over-quarter to $1.61T.
Based on Geode Capital Management's 13F filing for Q1 2026, filed 15 May 2026.