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 | |
|---|---|---|---|---|---|---|
|
BFS
2301
Saul Centers
BFS
$865M
| $11M | ﹤0.01% |
322,082
+28,282
| +10% | +$954K |
|
|
AGS
2302
DELISTED
PlayAGS
AGS
| $11M | ﹤0.01% |
878,992
-10,490
| -1% | -$128K |
|
2303
Zevra Therapeutics
ZVRA
$664M
| $10.9M | ﹤0.01% |
1,242,386
+9,275
| +0.8% | +$75.3K |
|
2304
Bar Harbor Bankshares
BHB
$681M
| $10.9M | ﹤0.01% |
365,258
+18,306
| +5% | +$536K |
|
|
HONE
2305
DELISTED
HarborOne Bancorp
HONE
| $10.9M | ﹤0.01% |
935,802
+15,678
| +2% | +$171K |
|
2306
Five Star Bancorp
FSBC
$1.16B
| $10.9M | ﹤0.01% |
382,626
-849
| -0.2% | -$23.3K |
|
|
SFD
2307
Smithfield Foods
SFD
$8.85B
| $10.9M | ﹤0.01% |
463,915
-9,487
| -2% | -$210K |
|
2308
Hyster-Yale Materials Handling
HY
$617M
| $10.9M | ﹤0.01% |
273,528
+10,507
| +4% | +$419K |
|
2309
Arhaus
ARHS
$1.37B
| $10.9M | ﹤0.01% |
1,254,147
+3,146
| +0.3% | +$26.3K |
|
|
TDAY
2310
USA Today Co
TDAY
$1B
| $10.9M | ﹤0.01% |
3,031,312
-35,143
| -1% | -$118K |
|
2311
Amylyx Pharmaceuticals
AMLX
$2.5B
| $10.9M | ﹤0.01% |
1,692,413
+886,252
| +110% | +$4.31M |
|
|
VTLE
2312
DELISTED
Vital Energy
VTLE
| $10.8M | ﹤0.01% |
673,154
+18,602
| +3% | +$304K |
|
2313
Mitek Systems
MITK
$853M
| $10.8M | ﹤0.01% |
1,093,600
+21,087
| +2% | +$189K |
|
|
CCRN
2314
DELISTED
Cross Country Healthcare
CCRN
| $10.8M | ﹤0.01% |
828,743
+10,332
| +1% | +$142K |
|
2315
Ryanair
RYAAY
$30.7B
| $10.8M | ﹤0.01% |
186,728
-7,235
| -4% | -$368K |
|
2316
Fortrea Holdings
FTRE
$1.69B
| $10.7M | ﹤0.01% |
2,171,450
+589,145
| +37% | +$3.17M |
|
2317
Heartland Express
HTLD
$979M
| $10.7M | ﹤0.01% |
1,241,432
+128,702
| +12% | +$1.1M |
|
2318
LSI Industries
LYTS
$912M
| $10.7M | ﹤0.01% |
630,079
-32,557
| -5% | -$523K |
|
2319
Peapack-Gladstone Financial
PGC
$822M
| $10.7M | ﹤0.01% |
379,181
-10,851
| -3% | -$298K |
|
2320
Cerence
CRNC
$389M
| $10.7M | ﹤0.01% |
1,048,974
+25,660
| +3% | +$226K |
|
|
GOGL
2321
DELISTED
Golden Ocean Group
GOGL
| $10.7M | ﹤0.01% |
1,463,382
-226,327
| -13% | -$1.72M |
|
2322
Iris Energy
IREN
$16B
| $10.7M | ﹤0.01% |
734,927
-106,880
| -13% | -$868K |
|
2323
Wabash National
WNC
$509M
| $10.7M | ﹤0.01% |
1,004,890
-17,733
| -2% | -$170K |
|
2324
Preformed Line Products
PLPC
$2.19B
| $10.7M | ﹤0.01% |
66,667
+317
| +0.5% | +$45.2K |
|
2325
Vitamin Cottage Natural Grocers
NGVC
$646M
| $10.7M | ﹤0.01% |
271,380
+45,343
| +20% | +$2.1M |
|
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.