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 | |
|---|---|---|---|---|---|---|
2001
SunCoke Energy
SXC
$783M
| $18.4M | ﹤0.01% |
2,136,374
+67,296
| +3% | +$584K |
|
2002
Arm
ARM
$302B
| $18.3M | ﹤0.01% |
113,335
+3,317
| +3% | +$412K |
|
2003
Bitdeer Technologies
BTDR
$2.4B
| $18.3M | ﹤0.01% |
1,592,504
+1,057,552
| +198% | +$12.2M |
|
2004
V2X
VVX
$2.54B
| $18.2M | ﹤0.01% |
374,553
+10,062
| +3% | +$479K |
|
2005
Capitol Federal Financial
CFFN
$1.09B
| $18.2M | ﹤0.01% |
2,976,390
+30,425
| +1% | +$172K |
|
2006
SITE Centers
SITC
$158M
| $18.2M | ﹤0.01% |
1,604,961
+44,716
| +3% | +$536K |
|
|
CDTX
2007
DELISTED
Cidara Therapeutics
CDTX
| $18.1M | ﹤0.01% |
372,010
+317,027
| +577% | +$7.62M |
|
|
ORC
2008
Orchid Island Capital
ORC
$1.33B
| $18.1M | ﹤0.01% |
2,584,534
+516,261
| +25% | +$3.58M |
|
2009
Cimpress
CMPR
$2.35B
| $18.1M | ﹤0.01% |
385,011
-9,189
| -2% | -$401K |
|
|
CTLP
2010
DELISTED
Cantaloupe
CTLP
| $18M | ﹤0.01% |
1,637,446
+244,659
| +18% | +$2.12M |
|
2011
Wave Life Sciences
WVE
$1.04B
| $17.9M | ﹤0.01% |
2,759,381
+166,982
| +6% | +$1.1M |
|
2012
Under Armour Class C
UA
$2.26B
| $17.9M | ﹤0.01% |
2,760,322
-17,156
| -0.6% | -$101K |
|
2013
Shoals Technologies Group
SHLS
$1.4B
| $17.9M | ﹤0.01% |
4,213,350
+146,628
| +4% | +$637K |
|
2014
Excelerate Energy
EE
$1.12B
| $17.8M | ﹤0.01% |
608,070
+178,507
| +42% | +$5.01M |
|
2015
i3 Verticals
IIIV
$316M
| $17.8M | ﹤0.01% |
648,201
+2,330
| +0.4% | +$58.4K |
|
2016
Matthews International
MATW
$725M
| $17.8M | ﹤0.01% |
743,211
+6,873
| +0.9% | +$145K |
|
2017
Enliven Therapeutics
ELVN
$4.29B
| $17.7M | ﹤0.01% |
882,753
+63,580
| +8% | +$1.2M |
|
2018
Independent Bank Corp
IBCP
$851M
| $17.6M | ﹤0.01% |
544,084
+18,463
| +4% | +$572K |
|
|
RC
2019
Ready Capital
RC
$294M
| $17.6M | ﹤0.01% |
4,023,581
+58,899
| +1% | +$261K |
|
|
MRX
2020
Marex Group Limited Ordinary Shares
MRX
$5.39B
| $17.5M | ﹤0.01% |
444,276
+380,685
| +599% | +$15.8M |
|
2021
Liquidia Corp
LQDA
$6.6B
| $17.5M | ﹤0.01% |
1,405,747
+32,499
| +2% | +$481K |
|
|
GOOD
2022
Gladstone Commercial Corp
GOOD
$637M
| $17.5M | ﹤0.01% |
1,219,393
+41,774
| +4% | +$593K |
|
2023
DHT Holdings
DHT
$3.08B
| $17.4M | ﹤0.01% |
1,611,843
-75,773
| -4% | -$835K |
|
2024
Lifestance Health
LFST
$4.66B
| $17.4M | ﹤0.01% |
3,365,403
-141,510
| -4% | -$848K |
|
2025
Central Garden & Pet Co
CENT
$2.79B
| $17.4M | ﹤0.01% |
494,520
-33,422
| -6% | -$1.18M |
|
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.