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 | |
|---|---|---|---|---|---|---|
2026
MiMedx Group
MDXG
$615M
| $17.4M | ﹤0.01% |
2,843,153
-69,368
| -2% | -$461K |
|
|
PLYM
2027
DELISTED
Plymouth Industrial REIT
PLYM
| $17.3M | ﹤0.01% |
1,079,383
+12,842
| +1% | +$201K |
|
2028
Immunome
IMNM
$3.03B
| $17.3M | ﹤0.01% |
1,860,580
+117,523
| +7% | +$964K |
|
|
TTAN
2029
ServiceTitan Inc
TTAN
$8.55B
| $17.3M | ﹤0.01% |
160,975
+848
| +0.5% | +$94.8K |
|
2030
Evolv Technologies
EVLV
$1.04B
| $17.3M | ﹤0.01% |
2,764,730
-124,380
| -4% | -$576K |
|
2031
Dream Finders Homes
DFH
$1.32B
| $17.2M | ﹤0.01% |
685,435
+46,538
| +7% | +$1.05M |
|
2032
Metropolitan Bank Holding Corp
MCB
$1.17B
| $17.2M | ﹤0.01% |
245,796
-10,774
| -4% | -$667K |
|
2033
Business First Bancshares
BFST
$1.05B
| $17.2M | ﹤0.01% |
697,274
+82,349
| +13% | +$1.94M |
|
2034
SI-BONE Inc
SIBN
$847M
| $17.2M | ﹤0.01% |
912,139
-49,948
| -5% | -$828K |
|
2035
Republic Bancorp
RBCAA
$1.94B
| $17.1M | ﹤0.01% |
234,101
+19,271
| +9% | +$1.32M |
|
2036
Elbit Systems
ESLT
$36.7B
| $17.1M | ﹤0.01% |
38,074
+247
| +0.7% | +$100K |
|
|
TRST
2037
Trustco Bank Corp NY
TRST
$976M
| $17.1M | ﹤0.01% |
510,547
+17,358
| +4% | +$535K |
|
2038
Shenandoah Telecom
SHEN
$742M
| $17.1M | ﹤0.01% |
1,248,255
+93,340
| +8% | +$1.18M |
|
2039
Xeris Biopharma Holdings
XERS
$1.54B
| $17.1M | ﹤0.01% |
3,650,688
+244,862
| +7% | +$1.12M |
|
2040
Trip.com Group
TCOM
$28.2B
| $16.9M | ﹤0.01% |
288,452
-6,616
| -2% | -$398K |
|
2041
Deluxe
DLX
$1.1B
| $16.9M | ﹤0.01% |
1,061,173
+14,160
| +1% | +$213K |
|
2042
Horizon Bancorp
HBNC
$1.06B
| $16.9M | ﹤0.01% |
1,096,524
+12,465
| +1% | +$183K |
|
2043
Microvast
MVST
$333M
| $16.8M | ﹤0.01% |
4,635,584
+2,502,565
| +117% | +$7.32M |
|
2044
Lincoln Educational Services
LINC
$954M
| $16.8M | ﹤0.01% |
728,506
+71,973
| +11% | +$1.44M |
|
2045
PDF Solutions
PDFS
$2.14B
| $16.8M | ﹤0.01% |
784,701
+44,641
| +6% | +$845K |
|
|
ONT
2046
Onterris Inc
ONT
$584M
| $16.7M | ﹤0.01% |
765,027
+27,316
| +4% | +$490K |
|
2047
Insteel Industries
IIIN
$635M
| $16.7M | ﹤0.01% |
448,861
+1,919
| +0.4% | +$64.1K |
|
2048
IAMGOLD
IAG
$10.1B
| $16.7M | ﹤0.01% |
1,748,145
+392,907
| +29% | +$2.75M |
|
2049
Bloomin' Brands
BLMN
$943M
| $16.7M | ﹤0.01% |
1,937,737
+94,260
| +5% | +$757K |
|
2050
Legend Biotech
LEGN
$3.97B
| $16.7M | ﹤0.01% |
473,742
-49,049
| -9% | -$1.59M |
|
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.