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 | |
|---|---|---|---|---|---|---|
|
GLDD
1951
DELISTED
Great Lakes Dredge & Dock
GLDD
| $20.2M | ﹤0.01% |
1,656,547
+51,269
| +3% | +$533K |
|
|
KRMN
1952
Karman Holdings
KRMN
$7.89B
| $20.2M | ﹤0.01% |
400,663
+164,207
| +69% | +$6.61M |
|
1953
Ceco Environmental
CECO
$4.6B
| $20.2M | ﹤0.01% |
712,331
+18,501
| +3% | +$461K |
|
1954
Integra LifeSciences
IART
$1.44B
| $20.2M | ﹤0.01% |
1,642,552
-20,749
| -1% | -$301K |
|
1955
Burke & Herbert Financial Services Corp
BHRB
$1.49B
| $20.2M | ﹤0.01% |
337,425
+21,258
| +7% | +$1.18M |
|
|
FARO
1956
DELISTED
Faro Technologies
FARO
| $20.1M | ﹤0.01% |
457,926
-34
| -0% | -$1.24K |
|
1957
Unitil
UTL
$996M
| $20.1M | ﹤0.01% |
385,714
+4,824
| +1% | +$267K |
|
1958
Globant
GLOB
$1.68B
| $20.1M | ﹤0.01% |
221,089
-16,439
| -7% | -$1.76M |
|
1959
Dr. Reddy's Laboratories
RDY
$10.3B
| $20M | ﹤0.01% |
1,333,556
+323,918
| +32% | +$4.63M |
|
1960
STAAR Surgical
STAA
$1.26B
| $20M | ﹤0.01% |
1,192,821
+3,335
| +0.3% | +$58.8K |
|
1961
Geron
GERN
$1.01B
| $20M | ﹤0.01% |
14,152,038
+584,444
| +4% | +$829K |
|
1962
NETGEAR
NTGR
$651M
| $19.9M | ﹤0.01% |
685,848
-8,710
| -1% | -$234K |
|
|
NPKI
1963
NPK International
NPKI
$1.19B
| $19.9M | ﹤0.01% |
2,335,175
-57,609
| -2% | -$422K |
|
1964
BioLife Solutions
BLFS
$1.72B
| $19.8M | ﹤0.01% |
921,105
+33,849
| +4% | +$763K |
|
1965
Heritage Financial
HFWA
$1.23B
| $19.7M | ﹤0.01% |
828,029
+3,447
| +0.4% | +$79.3K |
|
1966
Hanmi Financial
HAFC
$963M
| $19.7M | ﹤0.01% |
799,205
+21,157
| +3% | +$484K |
|
|
CWEN.A
1967
DELISTED
Clearway Energy Class A
CWEN.A
| $19.7M | ﹤0.01% |
651,663
+14,815
| +2% | +$416K |
|
1968
CorMedix
CRMD
$649M
| $19.7M | ﹤0.01% |
1,596,322
+163,403
| +11% | +$1.8M |
|
|
RDUS
1969
DELISTED
Radius Recycling
RDUS
| $19.5M | ﹤0.01% |
657,956
+292
| +0% | +$8.57K |
|
|
BDN
1970
Brandywine Realty Trust
BDN
$549M
| $19.5M | ﹤0.01% |
4,542,328
+81,594
| +2% | +$339K |
|
1971
Tompkins Financial
TMP
$1.46B
| $19.5M | ﹤0.01% |
310,539
+11,455
| +4% | +$697K |
|
1972
Hackett Group
HCKT
$271M
| $19.5M | ﹤0.01% |
765,243
+18,196
| +2% | +$463K |
|
1973
Central Pacific Financial
CPF
$1.01B
| $19.4M | ﹤0.01% |
693,447
+17,658
| +3% | +$465K |
|
1974
Kosmos Energy
KOS
$1.48B
| $19.4M | ﹤0.01% |
11,263,585
+424,720
| +4% | +$769K |
|
|
NXRT
1975
NexPoint Residential Trust
NXRT
$640M
| $19.4M | ﹤0.01% |
581,094
+2,277
| +0.4% | +$80.6K |
|
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.