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 | |
|---|---|---|---|---|---|---|
1351
Dentsply Sirona
XRAY
$2.27B
| $57.2M | ﹤0.01% |
3,599,300
-119,531
| -3% | -$1.79M |
|
1352
MDU Resources
MDU
$4.32B
| $57.1M | ﹤0.01% |
3,427,029
+8,754
| +0.3% | +$147K |
|
1353
Marriott Vacations Worldwide
VAC
$4.1B
| $57.1M | ﹤0.01% |
788,879
+214,629
| +37% | +$13.5M |
|
1354
Penske Automotive Group
PAG
$14.3B
| $57M | ﹤0.01% |
331,809
-154
| -0% | -$24.7K |
|
1355
Atkore
ATKR
$3.17B
| $56.9M | ﹤0.01% |
806,392
-18,619
| -2% | -$1.21M |
|
1356
Lemonade
LMND
$4B
| $56.9M | ﹤0.01% |
1,297,943
+60,853
| +5% | +$2.03M |
|
1357
Huron Consulting
HURN
$2.39B
| $56.8M | ﹤0.01% |
413,295
-4,582
| -1% | -$651K |
|
1358
RXO
RXO
$3.75B
| $56.8M | ﹤0.01% |
3,611,478
+139,999
| +4% | +$2.12M |
|
1359
First Financial Bancorp
FFBC
$3.58B
| $56.8M | ﹤0.01% |
2,340,113
+10,470
| +0.4% | +$248K |
|
1360
iShares MSCI Taiwan ETF
EWT
$11.4B
| – | – |
0
| – | – |
|
|
CURB
1361
Curbline Properties
CURB
$3.46B
| $56.2M | ﹤0.01% |
2,460,496
+34,770
| +1% | +$800K |
|
1362
Brighthouse Financial
BHF
$3.44B
| $56.1M | ﹤0.01% |
1,043,492
-24,357
| -2% | -$1.37M |
|
1363
Avis
CAR
$4.93B
| $56.1M | ﹤0.01% |
331,788
-1,345
| -0.4% | -$145K |
|
1364
StoneCo
STNE
$2.43B
| $55.9M | ﹤0.01% |
3,487,804
-614,802
| -15% | -$8.2M |
|
1365
Dave Inc
DAVE
$4.03B
| $55.8M | ﹤0.01% |
207,773
+26,515
| +15% | +$4.18M |
|
1366
Banner Corp
BANR
$2.5B
| $55.6M | ﹤0.01% |
866,906
+3,921
| +0.5% | +$242K |
|
1367
CoreCivic
CXW
$3.32B
| $55.6M | ﹤0.01% |
2,638,151
+114
| +0% | +$2.46K |
|
1368
Ligand Pharmaceuticals
LGND
$5.85B
| $55.6M | ﹤0.01% |
488,778
+24,326
| +5% | +$2.6M |
|
1369
Golar LNG
GLNG
$5.2B
| $55.4M | ﹤0.01% |
1,345,804
+26,722
| +2% | +$1.05M |
|
1370
Pathward Financial
CASH
$1.78B
| $55.4M | ﹤0.01% |
699,801
-16,546
| -2% | -$1.27M |
|
1371
Chefs' Warehouse
CHEF
$4.53B
| $55.4M | ﹤0.01% |
867,455
+16,763
| +2% | +$996K |
|
1372
HNI Corp
HNI
$3.55B
| $55.3M | ﹤0.01% |
1,123,807
-13,912
| -1% | -$630K |
|
1373
Warner Music
WMG
$13B
| $55.1M | ﹤0.01% |
2,020,932
+4,372
| +0.2% | +$122K |
|
1374
First Merchants
FRME
$2.72B
| $54.8M | ﹤0.01% |
1,430,289
+976
| +0.1% | +$36.1K |
|
1375
Choice Hotels
CHH
$4.75B
| $54.7M | ﹤0.01% |
431,082
-10,859
| -2% | -$1.37M |
|
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.