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 | |
|---|---|---|---|---|---|---|
1926
Hertz
HTZ
$895M
| $21M | ﹤0.01% |
3,081,049
-129,951
| -4% | -$811K |
|
1927
Quanex
NX
$982M
| $21M | ﹤0.01% |
1,113,245
-6,949
| -0.6% | -$123K |
|
1928
G-III Apparel Group
GIII
$1.43B
| $21M | ﹤0.01% |
938,352
-14,700
| -2% | -$370K |
|
1929
Kforce
KFRC
$1.04B
| $21M | ﹤0.01% |
511,072
+3,173
| +0.6% | +$133K |
|
|
DHC
1930
Diversified Healthcare Trust
DHC
$2.04B
| $20.9M | ﹤0.01% |
5,847,246
+44,759
| +0.8% | +$129K |
|
1931
First Mid Bancshares
FMBH
$1.39B
| $20.9M | ﹤0.01% |
557,725
+2,021
| +0.4% | +$70.7K |
|
1932
Helix Energy Solutions
HLX
$1.5B
| $20.9M | ﹤0.01% |
3,349,271
-10,992
| -0.3% | -$72.8K |
|
|
SAFE
1933
Safehold
SAFE
$1.1B
| $20.9M | ﹤0.01% |
1,341,663
+65,941
| +5% | +$1.02M |
|
1934
Janux Therapeutics
JANX
$1B
| $20.8M | ﹤0.01% |
902,312
+121,403
| +16% | +$3.2M |
|
1935
Under Armour
UAA
$2.29B
| $20.8M | ﹤0.01% |
3,045,793
-167
| -0% | -$1.04K |
|
1936
Ecovyst
ECVT
$1.11B
| $20.8M | ﹤0.01% |
2,526,957
-74,799
| -3% | -$525K |
|
1937
SGHC Ltd
SGHC
$6.64B
| $20.7M | ﹤0.01% |
1,888,540
+138,065
| +8% | +$1.17M |
|
1938
Yext
YEXT
$584M
| $20.7M | ﹤0.01% |
2,429,922
-25,337
| -1% | -$178K |
|
1939
Bristow Group
VTOL
$1.36B
| $20.6M | ﹤0.01% |
624,318
+51,594
| +9% | +$1.56M |
|
1940
Groupon
GRPN
$889M
| $20.5M | ﹤0.01% |
612,592
+32,377
| +6% | +$826K |
|
1941
XPEL
XPEL
$1.36B
| $20.5M | ﹤0.01% |
570,457
+1,073
| +0.2% | +$35.4K |
|
1942
Old Second Bancorp
OSBC
$1.31B
| $20.4M | ﹤0.01% |
1,151,371
+24,565
| +2% | +$400K |
|
|
AGNT
1943
AGNT Inc
AGNT
$724M
| $20.4M | ﹤0.01% |
2,242,536
-2,067
| -0.1% | -$18K |
|
1944
Liberty Latin America Class C
LILAK
$1.64B
| $20.4M | ﹤0.01% |
3,601,998
-134,436
| -4% | -$659K |
|
1945
Cadre Holdings
CDRE
$1.44B
| $20.4M | ﹤0.01% |
639,493
+35,583
| +6% | +$1.15M |
|
1946
Dave & Buster's
PLAY
$370M
| $20.4M | ﹤0.01% |
676,899
-69,506
| -9% | -$1.57M |
|
1947
Southside Bancshares
SBSI
$980M
| $20.3M | ﹤0.01% |
689,791
+5,975
| +0.9% | +$169K |
|
1948
CVR Energy
CVI
$3.51B
| $20.3M | ﹤0.01% |
755,151
-39,483
| -5% | -$869K |
|
1949
Allegiant Air
ALGT
$2.38B
| $20.2M | ﹤0.01% |
367,786
-1,270
| -0.3% | -$65.5K |
|
1950
Schneider National
SNDR
$6.39B
| $20.2M | ﹤0.01% |
836,497
+31,387
| +4% | +$729K |
|
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.