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 | |
|---|---|---|---|---|---|---|
|
JAMF
2101
DELISTED
Jamf
JAMF
| $15.3M | ﹤0.01% |
1,606,619
-218,419
| -12% | -$2.34M |
|
2102
Ethan Allen Interiors
ETD
$584M
| $15.3M | ﹤0.01% |
548,021
+6,729
| +1% | +$182K |
|
2103
ImmunityBio
IBRX
$8.13B
| $15.3M | ﹤0.01% |
5,777,269
+1,487,849
| +35% | +$4M |
|
2104
Redwire
RDW
$3.38B
| $15.2M | ﹤0.01% |
935,297
+407,131
| +77% | +$5.3M |
|
2105
Xerox
XRX
$412M
| $15.2M | ﹤0.01% |
2,888,415
-45,046
| -2% | -$220K |
|
|
GPGI
2106
GPGI Inc
GPGI
$3.84B
| $15.2M | ﹤0.01% |
1,077,106
+284,667
| +36% | +$3.49M |
|
|
VMEO
2107
DELISTED
Vimeo
VMEO
| $15.1M | ﹤0.01% |
3,739,794
+95,740
| +3% | +$443K |
|
2108
Replimune Group
REPL
$1.44B
| $15.1M | ﹤0.01% |
1,624,048
-48,722
| -3% | -$425K |
|
2109
Teekay Tankers
TNK
$2.89B
| $15.1M | ﹤0.01% |
361,609
+14,052
| +4% | +$601K |
|
|
ADAM
2110
Adamas Trust
ADAM
$915M
| $15.1M | ﹤0.01% |
2,248,925
-3,714
| -0.2% | -$23.6K |
|
|
ETWO
2111
DELISTED
E2open Parent Holdings
ETWO
| $15.1M | ﹤0.01% |
4,661,184
-237,562
| -5% | -$625K |
|
2112
Genie Energy
GNE
$384M
| $15.1M | ﹤0.01% |
559,916
+102,702
| +22% | +$1.97M |
|
2113
AdvanSix
ASIX
$445M
| $15M | ﹤0.01% |
632,512
+11,880
| +2% | +$269K |
|
2114
EyePoint Inc
EYPT
$1.15B
| $15M | ﹤0.01% |
1,592,048
-982
| -0.1% | -$6.78K |
|
2115
Beazer Homes USA
BZH
$874M
| $15M | ﹤0.01% |
669,420
-7,935
| -1% | -$165K |
|
|
GDEN
2116
DELISTED
Golden Entertainment
GDEN
| $15M | ﹤0.01% |
508,110
+23,542
| +5% | +$642K |
|
2117
TFS Financial
TFSL
$4.93B
| $14.9M | ﹤0.01% |
1,154,189
+23,622
| +2% | +$304K |
|
2118
Grindr
GRND
$2.71B
| $14.9M | ﹤0.01% |
657,167
+141,339
| +27% | +$3.1M |
|
2119
Equity Bancshares
EQBK
$1.07B
| $14.9M | ﹤0.01% |
365,479
-3,216
| -0.9% | -$125K |
|
2120
Accel Entertainment
ACEL
$1.01B
| $14.9M | ﹤0.01% |
1,266,697
+26,419
| +2% | +$295K |
|
2121
Koppers
KOP
$873M
| $14.9M | ﹤0.01% |
463,153
-9,069
| -2% | -$260K |
|
2122
Orrstown Financial Services
ORRF
$849M
| $14.8M | ﹤0.01% |
466,343
+22,191
| +5% | +$656K |
|
2123
Brown-Forman Class A
BF.A
$13.1B
| $14.8M | ﹤0.01% |
539,237
+56,379
| +12% | +$1.81M |
|
2124
United Fire Group
UFCS
$1.38B
| $14.8M | ﹤0.01% |
515,411
+134
| +0% | +$3.75K |
|
|
AHRT
2125
AH Realty Trust
AHRT
$508M
| $14.8M | ﹤0.01% |
2,152,724
+46,173
| +2% | +$321K |
|
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.