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 | |
|---|---|---|---|---|---|---|
|
CVGW
2201
DELISTED
Calavo Growers
CVGW
| $12.8M | ﹤0.01% |
481,601
+1,683
| +0.4% | +$44K |
|
2202
Monro
MNRO
$352M
| $12.8M | ﹤0.01% |
858,441
-10,305
| -1% | -$148K |
|
|
PKST
2203
DELISTED
Peakstone Realty Trust
PKST
| $12.8M | ﹤0.01% |
966,278
+2,130
| +0.2% | +$26.2K |
|
2204
Cass Information Systems
CASS
$750M
| $12.8M | ﹤0.01% |
293,657
-14,186
| -5% | -$593K |
|
2205
Lennar Class B
LEN.B
$20.7B
| $12.7M | ﹤0.01% |
120,745
+2,025
| +2% | +$209K |
|
2206
MetroCity Bankshares
MCBS
$1.05B
| $12.7M | ﹤0.01% |
443,930
+14,766
| +3% | +$409K |
|
2207
Kura Sushi USA
KRUS
$646M
| $12.7M | ﹤0.01% |
147,148
-4,501
| -3% | -$295K |
|
|
TRTX
2208
TPG RE Finance Trust
TRTX
$616M
| $12.7M | ﹤0.01% |
1,639,667
+115,707
| +8% | +$882K |
|
2209
Farmers National Banc Corp
FMNB
$970M
| $12.7M | ﹤0.01% |
917,657
+42,803
| +5% | +$560K |
|
|
AIOT
2210
PowerFleet Inc
AIOT
$421M
| $12.6M | ﹤0.01% |
2,932,054
+343,580
| +13% | +$1.7M |
|
2211
Southern Missouri Bancorp
SMBC
$850M
| $12.6M | ﹤0.01% |
230,664
+10,802
| +5% | +$564K |
|
2212
GCM Grosvenor
GCMG
$2.85B
| $12.6M | ﹤0.01% |
1,092,278
+48,693
| +5% | +$602K |
|
2213
SFL Corp
SFL
$1.61B
| $12.6M | ﹤0.01% |
1,515,081
-102,813
| -6% | -$853K |
|
2214
BlackSky Technology
BKSY
$1.27B
| $12.6M | ﹤0.01% |
612,919
+41,922
| +7% | +$451K |
|
2215
LifeMD
LFMD
$167M
| $12.6M | ﹤0.01% |
925,173
+67,440
| +8% | +$637K |
|
|
FPI
2216
Farmland Partners
FPI
$425M
| $12.6M | ﹤0.01% |
1,090,546
-58,671
| -5% | -$629K |
|
2217
Northrim BanCorp
NRIM
$601M
| $12.5M | ﹤0.01% |
535,204
+18,756
| +4% | +$390K |
|
2218
GigaCloud Technology
GCT
$1.9B
| $12.5M | ﹤0.01% |
630,805
+52,415
| +9% | +$838K |
|
2219
Great Southern Bancorp
GSBC
$888M
| $12.5M | ﹤0.01% |
212,141
-1,640
| -0.8% | -$91.5K |
|
|
OLP
2220
One Liberty Properties
OLP
$537M
| $12.5M | ﹤0.01% |
522,344
+52,252
| +11% | +$1.28M |
|
|
SPNS
2221
DELISTED
Sapiens International
SPNS
| $12.4M | ﹤0.01% |
423,983
+9,606
| +2% | +$268K |
|
|
SAGE
2222
DELISTED
Sage Therapeutics
SAGE
| $12.4M | ﹤0.01% |
1,356,577
+53,200
| +4% | +$391K |
|
2223
Invesco Mortgage Capital
IVR
$805M
| $12.4M | ﹤0.01% |
1,577,067
+70,151
| +5% | +$517K |
|
2224
CEVA Inc
CEVA
$855M
| $12.4M | ﹤0.01% |
562,133
+3,369
| +0.6% | +$74.9K |
|
2225
PACS Group
PACS
$7.12B
| $12.3M | ﹤0.01% |
952,358
+98,277
| +12% | +$1.02M |
|
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.