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 | |
|---|---|---|---|---|---|---|
1576
Lindsay Corp
LNN
$1.18B
| $37.9M | ﹤0.01% |
262,526
+818
| +0.3% | +$109K |
|
1577
Tarsus Pharmaceuticals
TARS
$3.07B
| $37.9M | ﹤0.01% |
934,420
+68,986
| +8% | +$3.1M |
|
1578
La-Z-Boy
LZB
$1.64B
| $37.8M | ﹤0.01% |
1,016,917
+9,224
| +0.9% | +$369K |
|
1579
Acadia Healthcare
ACHC
$2.95B
| $37.7M | ﹤0.01% |
1,663,167
-19,208
| -1% | -$455K |
|
1580
Limbach Holdings
LMB
$536M
| $37.7M | ﹤0.01% |
269,271
+16,579
| +7% | +$1.88M |
|
1581
Donnelley Financial Solutions
DFIN
$1.17B
| $37.5M | ﹤0.01% |
608,868
-27,271
| -4% | -$1.41M |
|
1582
Adaptive Biotechnologies
ADPT
$4.02B
| $37.5M | ﹤0.01% |
3,215,171
+434,347
| +16% | +$3.95M |
|
1583
DNOW Inc
DNOW
$3.04B
| $37.4M | ﹤0.01% |
2,524,052
+32,317
| +1% | +$493K |
|
1584
Phreesia
PHR
$758M
| $37.4M | ﹤0.01% |
1,312,224
+24,063
| +2% | +$611K |
|
1585
Brookdale Senior Living
BKD
$3.1B
| $37.3M | ﹤0.01% |
5,361,195
+838,862
| +19% | +$5.46M |
|
1586
Seadrill
SDRL
$2.92B
| $37.3M | ﹤0.01% |
1,419,059
+617,521
| +77% | +$14.6M |
|
|
HBI
1587
DELISTED
Hanesbrands
HBI
| $37.2M | ﹤0.01% |
8,124,752
-4,881
| -0.1% | -$23.6K |
|
1588
Adeia
ADEA
$3.1B
| $37.2M | ﹤0.01% |
2,630,175
-6,034
| -0.2% | -$78K |
|
1589
Kodiak Gas Services
KGS
$6.26B
| $37.1M | ﹤0.01% |
1,083,750
+93,048
| +9% | +$3.22M |
|
1590
FB Financial Corp
FBK
$3.1B
| $37.1M | ﹤0.01% |
818,433
-10,010
| -1% | -$435K |
|
1591
TripAdvisor
TRIP
$1.26B
| $37M | ﹤0.01% |
2,837,654
+931,283
| +49% | +$12.5M |
|
1592
GlobalFoundries
GFS
$29.2B
| $36.9M | ﹤0.01% |
967,202
+37,026
| +4% | +$1.34M |
|
1593
American Eagle Outfitters
AEO
$2.72B
| $36.9M | ﹤0.01% |
3,830,964
-268,800
| -7% | -$2.89M |
|
1594
HCI Group
HCI
$2.28B
| $36.8M | ﹤0.01% |
241,881
+14,583
| +6% | +$2.24M |
|
1595
Vita Coco
COCO
$3.85B
| $36.8M | ﹤0.01% |
1,018,132
+28,448
| +3% | +$950K |
|
1596
Crescent Energy
CRGY
$3.98B
| $36.7M | ﹤0.01% |
4,270,974
+195,385
| +5% | +$1.71M |
|
1597
International Seaways
INSW
$4.58B
| $36.7M | ﹤0.01% |
1,006,390
+6,076
| +0.6% | +$218K |
|
1598
German American Bancorp
GABC
$1.91B
| $36.7M | ﹤0.01% |
952,803
+117,664
| +14% | +$4.42M |
|
1599
Xometry
XMTR
$5.34B
| $36.6M | ﹤0.01% |
1,084,117
+9,360
| +0.9% | +$274K |
|
1600
Quaker Houghton
KWR
$2.91B
| $36.5M | ﹤0.01% |
326,397
+6,606
| +2% | +$717K |
|
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.