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 |
Apple
AAPL
|
+$2.75B |
| 2 |
Microsoft
MSFT
|
+$2.46B |
| 3 |
NVIDIA
NVDA
|
+$2.3B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$1.79B |
| 5 |
Amazon
AMZN
|
+$1.78B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXAS
Exact Sciences
EXAS
|
+$338M |
| 2 |
DAY
Dayforce
DAY
|
+$281M |
| 3 |
RNAM
Avidity Biosciences
RNAM
|
+$225M |
| 4 |
CYBR
CyberArk
CYBR
|
+$220M |
| 5 |
CMA
Comerica
CMA
|
+$213M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.41% |
| 2 | Financials | 12.78% |
| 3 | Consumer Discretionary | 9.97% |
| 4 | Healthcare | 9.79% |
| 5 | Communication Services | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
American Express Global Business Travel
GBTG
$4.93B
| $16.5M | ﹤0.01% |
2,955,301
+60,429
| +2% | +$375K |
|
|
ADAM
2102
Adamas Trust
ADAM
$784M
| $16.5M | ﹤0.01% |
2,239,700
+89,041
| +4% | +$709K |
|
2103
TFS Financial
TFSL
$5.12B
| $16.5M | ﹤0.01% |
1,172,893
+30,880
| +3% | +$437K |
|
2104
QuinStreet
QNST
$917M
| $16.5M | ﹤0.01% |
1,370,786
+33,051
| +2% | +$419K |
|
2105
LegalZoom.com
LZ
$1.4B
| $16.4M | ﹤0.01% |
2,897,581
-104,223
| -3% | -$791K |
|
2106
indie Semiconductor
INDI
$661M
| $16.4M | ﹤0.01% |
5,100,613
+205,248
| +4% | +$725K |
|
2107
Tower Semiconductor
TSEM
$22.6B
| $16.3M | ﹤0.01% |
93,141
+161
| +0.2% | +$21.6K |
|
2108
Sprinklr
CXM
$1.49B
| $16.3M | ﹤0.01% |
2,720,622
-2,049
| -0.1% | -$12.7K |
|
2109
Washington Trust Bancorp
WASH
$746M
| $16.3M | ﹤0.01% |
487,843
+16,029
| +3% | +$528K |
|
|
ESPR
2110
DELISTED
Esperion Therapeutics
ESPR
| $16.3M | ﹤0.01% |
5,955,739
+218,088
| +4% | +$690K |
|
2111
Porch Group
PRCH
$1.3B
| $16.3M | ﹤0.01% |
2,273,994
-20,484
| -0.9% | -$164K |
|
2112
Hamilton Insurance Group
HG
$3.67B
| $16.3M | ﹤0.01% |
546,105
+3,117
| +0.6% | +$89.8K |
|
2113
SFL Corp
SFL
$1.61B
| $16.3M | ﹤0.01% |
1,506,807
+27,748
| +2% | +$269K |
|
2114
Carriage Services
CSV
$655M
| $16.3M | ﹤0.01% |
355,906
-30,112
| -8% | -$1.31M |
|
2115
Mid Penn Bancorp
MPB
$970M
| $16.2M | ﹤0.01% |
503,914
+11,773
| +2% | +$381K |
|
2116
Vaalco Energy
EGY
$549M
| $16.2M | ﹤0.01% |
2,546,834
+30,987
| +1% | +$156K |
|
2117
Hallador Energy
HNRG
$688M
| $16.1M | ﹤0.01% |
990,740
+165,635
| +20% | +$3.09M |
|
|
SFD
2118
Smithfield Foods
SFD
$10.8B
| $16.1M | ﹤0.01% |
575,366
+10,212
| +2% | +$246K |
|
2119
Gevo
GEVO
$368M
| $16.1M | ﹤0.01% |
5,881,507
+219,461
| +4% | +$454K |
|
2120
Eldorado Gold
EGO
$8.12B
| $16M | ﹤0.01% |
374,769
+235,400
| +169% | +$9.59M |
|
2121
Liberty Broadband Class A
LBRDA
$4.66B
| $16M | ﹤0.01% |
317,800
+6,334
| +2% | +$319K |
|
2122
Ironwood Pharmaceuticals
IRWD
$630M
| $16M | ﹤0.01% |
4,543,522
+919,988
| +25% | +$3.77M |
|
2123
Janux Therapeutics
JANX
$908M
| $15.9M | ﹤0.01% |
1,146,724
+33,142
| +3% | +$454K |
|
2124
Smith & Wesson
SWBI
$664M
| $15.9M | ﹤0.01% |
1,111,244
+35,907
| +3% | +$436K |
|
2125
AdvanSix
ASIX
$560M
| $15.9M | ﹤0.01% |
652,248
+15,884
| +2% | +$300K |
|
Similar funds
Geode Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Geode Capital Management held 4,628 positions worth $1.61T, down 0.8% from $1.62T the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Geode Capital Management deployed $55.8B of net new capital in Q1 2026, opening 160 new positions and adding to 3,465 existing holdings. Its largest new stake was Versant Media Group: 1,896,951 shares worth $70.3M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 33% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Hershey, an estimated $134M trimmed.
- Geode Capital Management's largest Q1 2026 buy was Versant Media Group: 1,896,951 shares worth $70.3M.
- Geode Capital Management added most to Apple in Q1 2026, an estimated $2.75B increase.
- Geode Capital Management's biggest Q1 2026 reduction was Hershey, cutting an estimated $134M.
- Geode Capital Management fully exited Exact Sciences in Q1 2026, selling an estimated $338M.
- Geode Capital Management's ten largest holdings make up 31% of its $1.61T portfolio in Q1 2026.
- Geode Capital Management opened 160 new positions and closed 115 in Q1 2026.
- Geode Capital Management's portfolio value fell 0.8% quarter-over-quarter to $1.61T.
Based on Geode Capital Management's 13F filing for Q1 2026, filed 15 May 2026.