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 | |
|---|---|---|---|---|---|---|
|
MFA
1876
MFA Financial
MFA
$934M
| $23.6M | ﹤0.01% |
2,489,686
+54,944
| +2% | +$519K |
|
|
BRKL
1877
DELISTED
Brookline Bancorp
BRKL
| $23.5M | ﹤0.01% |
2,228,465
+79,311
| +4% | +$824K |
|
1878
Scansource
SCSC
$1.07B
| $23.4M | ﹤0.01% |
560,735
-14,012
| -2% | -$523K |
|
1879
Century Aluminum
CENX
$4.75B
| $23.4M | ﹤0.01% |
1,300,691
+6,397
| +0.5% | +$109K |
|
1880
ARS Pharmaceuticals
SPRY
$600M
| $23.4M | ﹤0.01% |
1,342,387
+81,910
| +6% | +$1.18M |
|
1881
Reynolds Consumer Products
REYN
$5.6B
| $23.4M | ﹤0.01% |
1,092,884
+5,554
| +0.5% | +$126K |
|
|
SCS
1882
DELISTED
Steelcase
SCS
| $23.4M | ﹤0.01% |
2,244,162
-48,203
| -2% | -$496K |
|
1883
BJ's Restaurants
BJRI
$1.48B
| $23.4M | ﹤0.01% |
523,687
+25,892
| +5% | +$1.02M |
|
1884
Freedom Holding
FRHC
$9.38B
| $23.3M | ﹤0.01% |
159,904
+106,338
| +199% | +$15.7M |
|
1885
Indivior Pharmaceuticals
INDV
$4.52B
| $23.2M | ﹤0.01% |
1,576,915
+1,447,939
| +1,123% | +$16.9M |
|
1886
Univest Financial
UVSP
$1.19B
| $23.2M | ﹤0.01% |
773,731
+36,662
| +5% | +$1.07M |
|
1887
AdaptHealth
AHCO
$790M
| $23.2M | ﹤0.01% |
2,462,883
-103,099
| -4% | -$910K |
|
1888
NeoGenomics
NEO
$2.13B
| $23.1M | ﹤0.01% |
3,156,621
+26,224
| +0.8% | +$212K |
|
1889
Collegium Pharmaceutical
COLL
$938M
| $23.1M | ﹤0.01% |
780,243
+14,709
| +2% | +$420K |
|
|
SPTN
1890
DELISTED
SpartanNash
SPTN
| $23M | ﹤0.01% |
869,189
+44,198
| +5% | +$884K |
|
1891
Constellium
CSTM
$3.93B
| $23M | ﹤0.01% |
1,730,112
+214,987
| +14% | +$2.41M |
|
1892
Mobileye
MBLY
$7.57B
| $22.8M | ﹤0.01% |
1,268,449
+5,340
| +0.4% | +$81.6K |
|
1893
Fastly Inc
FSLY
$4.54B
| $22.7M | ﹤0.01% |
3,212,253
+189,423
| +6% | +$1.27M |
|
|
HPP
1894
Hudson Pacific Properties
HPP
$800M
| $22.7M | ﹤0.01% |
1,180,941
+682,437
| +137% | +$11.1M |
|
1895
Encore Capital Group
ECPG
$2.12B
| $22.6M | ﹤0.01% |
583,148
+14,353
| +3% | +$520K |
|
1896
Merchants Bancorp
MBIN
$2.54B
| $22.5M | ﹤0.01% |
681,486
+101,139
| +17% | +$3.27M |
|
1897
Protolabs
PRLB
$2.17B
| $22.5M | ﹤0.01% |
562,336
-16,990
| -3% | -$633K |
|
1898
Cohu
COHU
$2.69B
| $22.5M | ﹤0.01% |
1,167,208
+50,907
| +5% | +$858K |
|
1899
Levi Strauss
LEVI
$8.64B
| $22.4M | ﹤0.01% |
1,210,669
+24,728
| +2% | +$411K |
|
1900
Amphastar Pharmaceuticals
AMPH
$852M
| $22.3M | ﹤0.01% |
973,237
+18,161
| +2% | +$451K |
|
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.