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 | |
|---|---|---|---|---|---|---|
1876
Amer Sports
AS
$20.5B
| $25.1M | ﹤0.01% |
761,053
+960
| +0.1% | +$35.1K |
|
1877
Concentrix
CNXC
$1.5B
| $25M | ﹤0.01% |
915,035
+35,494
| +4% | +$1.26M |
|
1878
Nektar Therapeutics
NKTR
$2.41B
| $25M | ﹤0.01% |
346,795
+92,434
| +36% | +$5.26M |
|
1879
Xeris Biopharma Holdings
XERS
$1.42B
| $24.9M | ﹤0.01% |
4,290,629
+14,640
| +0.3% | +$97.1K |
|
1880
Byline Bancorp
BY
$1.76B
| $24.9M | ﹤0.01% |
788,033
+23,889
| +3% | +$749K |
|
1881
MillerKnoll
MLKN
$1.54B
| $24.8M | ﹤0.01% |
1,713,943
+47,238
| +3% | +$929K |
|
1882
Sonic Automotive
SAH
$3.25B
| $24.8M | ﹤0.01% |
360,941
-14,093
| -4% | -$880K |
|
1883
Taysha Gene Therapies
TSHA
$1.59B
| $24.7M | ﹤0.01% |
5,531,955
+144,929
| +3% | +$674K |
|
1884
Lucid Motors
LCID
$2.54B
| $24.7M | ﹤0.01% |
2,588,109
+46,615
| +2% | +$484K |
|
|
MFA
1885
MFA Financial
MFA
$927M
| $24.7M | ﹤0.01% |
2,573,610
+78,347
| +3% | +$772K |
|
1886
C3.ai
AI
$1.37B
| $24.6M | ﹤0.01% |
2,925,794
+57,216
| +2% | +$614K |
|
|
JBGS
1887
JBG SMITH
JBGS
$832M
| $24.6M | ﹤0.01% |
1,685,731
+41,429
| +3% | +$661K |
|
1888
First Advantage
FA
$3.43B
| $24.6M | ﹤0.01% |
2,093,113
+54,107
| +3% | +$662K |
|
1889
Perrigo
PRGO
$1.4B
| $24.6M | ﹤0.01% |
2,291,022
-115,713
| -5% | -$1.5M |
|
|
AAT
1890
American Assets Trust
AAT
$1.49B
| $24.6M | ﹤0.01% |
1,336,571
+12,602
| +1% | +$236K |
|
1891
CVR Energy
CVI
$3.43B
| $24.6M | ﹤0.01% |
730,377
+18,461
| +3% | +$475K |
|
1892
Energizer
ENR
$1.44B
| $24.6M | ﹤0.01% |
1,494,848
+52,905
| +4% | +$1.07M |
|
1893
United Fire Group
UFCS
$1.32B
| $24.5M | ﹤0.01% |
662,300
+47,248
| +8% | +$1.74M |
|
1894
Freedom Holding
FRHC
$9.95B
| $24.5M | ﹤0.01% |
169,065
+1,345
| +0.8% | +$172K |
|
1895
Middlesex Water
MSEX
$1.05B
| $24.5M | ﹤0.01% |
469,917
+5,433
| +1% | +$286K |
|
1896
Atlas Energy Solutions
AESI
$1.43B
| $24.5M | ﹤0.01% |
1,864,142
+36,454
| +2% | +$426K |
|
1897
Upbound Group
UPBD
$1.2B
| $24.5M | ﹤0.01% |
1,354,984
+75,884
| +6% | +$1.48M |
|
1898
Coastal Financial
CCB
$1.1B
| $24.3M | ﹤0.01% |
319,525
-6,372
| -2% | -$576K |
|
1899
Heritage Financial
HFWA
$1.23B
| $24.3M | ﹤0.01% |
934,802
+92,204
| +11% | +$2.4M |
|
1900
Scholastic
SCHL
$752M
| $24.2M | ﹤0.01% |
619,677
+90,735
| +17% | +$3.13M |
|
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.