Geode Capital Management Portfolio holdings

AUM $1.43T

1-Year Return 25.4%

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.

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+7.07%

1 Year Return

+25.4%

3 Year Return

+109.59%

5 Year Return

+197.61%

10 Year Return

+489.39%

AUM

$175B

AUM Growth

+$10.6B (+6.4%)

Cap. Flow

+$586M

Cap. Flow % of AUM

0.33%

Top 10 Holdings % Top 10 Hldgs %

15.06%

Holding

4,284

New

120

Increased

2,697

Reduced

872

Closed

115

Top Buys

1	Alphabet (Google) Class A GOOGL	+$1.9B
2	Hewlett Packard HPE	+$212M
3	Synchrony SYF	+$192M
4	Comcast CMCSA	+$158M
5	Illumina ILMN	+$65.2M

Top Sells

1	Alphabet (Google) Class C GOOG	+$1.78B
2	HP HPQ	+$220M
3	CMCSK COMCAST CORP SPL A (NEW) CMCSK	+$172M
4	GE Aerospace GE	+$164M
5	SIAL SIGMA - ALDRICH CORP SIAL	+$143M

Sector Composition

1	Financials	15.29%
2	Healthcare	15.07%
3	Technology	14.25%
4	Industrials	10.14%
5	Consumer Discretionary	9.53%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
2526	SSI 2526 DELISTED Stage Stores Inc SSI	$1.71M	﹤0.01%	187,500 -53,444	-22%	-$487K
2527	2527 TotalEnergies TTE $133B	$1.7M	﹤0.01%	37,895 +6,826	+22%	+$307K
2528	2528 Varonis Systems VRNS $6.41B	$1.7M	﹤0.01%	270,909 +6,339	+2%	+$39.7K
2529	2529 Horizon Bancorp HBNC $831M	$1.69M	﹤0.01%	136,076 +38,167	+39%	+$474K
2530	VCRA 2530 DELISTED VOCERA COMMUNICATIONS, INC. VCRA	$1.69M	﹤0.01%	138,402 +775	+0.6%	+$9.45K
2531	QUNR 2531 DELISTED Qunar Cayman Islands Limited QUNR	$1.69M	﹤0.01%	32,185 +18,773	+140%	+$985K
2532	GBT 2532 DELISTED Global Blood Therapeutics, Inc. GBT	$1.68M	﹤0.01%	52,099 +10,748	+26%	+$347K
2533	PCBK 2533 DELISTED Pacific Continental Corp PCBK	$1.68M	﹤0.01%	113,201 +1,017	+0.9%	+$15.1K
2534	2534 Malibu Boats MBUU $633M	$1.68M	﹤0.01%	102,802 +3,485	+4%	+$57K
2535	2535 El Pollo Loco LOCO $309M	$1.68M	﹤0.01%	132,751 +37,736	+40%	+$476K
2536	2536 VSE Corp VSEC $3.46B	$1.66M	﹤0.01%	53,552 +794	+2%	+$24.7K
2537	DLR.PRI 2537 DELISTED DIGITAL RLTY TR INC PFD SR I % (MD) DLR.PRI	$1.66M	﹤0.01%	64,763 -40,000	-38%	-$1.03M
2538	OMN 2538 DELISTED OMNOVA Solutions Inc. OMN	$1.66M	﹤0.01%	271,014 +7,415	+3%	+$45.4K
2539	NUTR 2539 DELISTED Nutraceutical International Co NUTR	$1.66M	﹤0.01%	64,318 +5,643	+10%	+$146K
2540	RDEN 2540 DELISTED ELIZABETH ARDEN INC RDEN	$1.66M	﹤0.01%	167,633 -4,698	-3%	-$46.5K
2541	2541 Powell Industries POWL $3.53B	$1.65M	﹤0.01%	63,444 +334	+0.5%	+$8.69K
2542	LGTY 2542 DELISTED Logility Supply Chain Solutions, Inc. Common Stock LGTY	$1.65M	﹤0.01%	162,149 +36,509	+29%	+$372K
2543	2543 Ardmore Shipping ASC $506M	$1.64M	﹤0.01%	128,767 +23,475	+22%	+$298K
2544	SRGA 2544 DELISTED Surgalign Holdings, Inc. Common Stock SRGA	$1.63M	﹤0.01%	13,660 +1,350	+11%	+$161K
2545	TIS 2545 DELISTED Orchids Paper Products, Inc. TIS	$1.63M	﹤0.01%	52,601 +2,652	+5%	+$82K
2546	RXII 2546 DELISTED GALENA BIOPHARMA INC COM RXII	$1.62M	﹤0.01%	1,103,979 +9,387	+0.9%	+$13.8K
2547	2547 Hurco Companies Inc HURC $112M	$1.62M	﹤0.01%	60,925 +657	+1%	+$17.4K
2548	AY 2548 DELISTED Atlantica Sustainable Infrastructure plc Ordinary Shares AY	$1.62M	﹤0.01%	83,858 +5,231	+7%	+$101K
2549	ARAV 2549 DELISTED Aravive, Inc. Common Stock ARAV	$1.62M	﹤0.01%	21,751 +106	+0.5%	+$7.88K
2550	SIGM 2550 DELISTED Sigma Designs Inc SIGM	$1.62M	﹤0.01%	255,825 -176,898	-41%	-$1.12M