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
|
+$2.99B |
| 2 |
Apple
AAPL
|
+$2.23B |
| 3 |
NVIDIA
NVDA
|
+$1.92B |
| 4 |
Amazon
AMZN
|
+$1.75B |
| 5 |
Meta Platforms (Facebook)
META
|
+$1.1B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALTR
Altair Engineering Inc
ALTR
|
+$152M |
| 2 |
Merck
MRK
|
+$142M |
| 3 |
SUM
Summit Materials, Inc. Class A Common Stock
SUM
|
+$141M |
| 4 |
ALTM
Arcadium Lithium plc
ALTM
|
+$132M |
| 5 |
AZPN
Aspen Technology Inc
AZPN
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.36% |
| 2 | Financials | 14.54% |
| 3 | Healthcare | 11.04% |
| 4 | Consumer Discretionary | 10.44% |
| 5 | Communication Services | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
3D Systems Corp
DDD
$600M
| $6.49M | ﹤0.01% |
3,060,129
+74,902
| +3% | +$255K |
|
2527
Ardmore Shipping
ASC
$692M
| $6.48M | ﹤0.01% |
662,154
+91,773
| +16% | +$1M |
|
2528
uniQure
QURE
$3.1B
| $6.48M | ﹤0.01% |
610,971
+90,418
| +17% | +$1.27M |
|
2529
Bausch Health
BHC
$2.23B
| $6.48M | ﹤0.01% |
755,526
+39,956
| +6% | +$287K |
|
2530
BigBear.ai
BBAI
$1.42B
| $6.45M | ﹤0.01% |
2,253,613
+56,317
| +3% | +$268K |
|
|
SHYF
2531
DELISTED
The Shyft Group
SHYF
| $6.44M | ﹤0.01% |
795,594
+21,609
| +3% | +$232K |
|
|
TWFG
2532
TWFG Inc
TWFG
$379M
| $6.44M | ﹤0.01% |
208,128
+72,226
| +53% | +$2.17M |
|
2533
Westrock Coffee
WEST
$798M
| $6.42M | ﹤0.01% |
889,184
+47,958
| +6% | +$314K |
|
2534
Unity Bancorp
UNTY
$603M
| $6.41M | ﹤0.01% |
157,481
+5,077
| +3% | +$229K |
|
|
BCAX
2535
Bicara Therapeutics
BCAX
$1.79B
| $6.41M | ﹤0.01% |
491,652
+25,010
| +5% | +$332K |
|
|
ESPR
2536
DELISTED
Esperion Therapeutics
ESPR
| $6.4M | ﹤0.01% |
4,446,297
+106,349
| +2% | +$196K |
|
|
HDSN
2537
Hudson Technologies
HDSN
$241M
| $6.38M | ﹤0.01% |
1,033,093
+37,364
| +4% | +$220K |
|
2538
Phathom Pharmaceuticals
PHAT
$678M
| $6.37M | ﹤0.01% |
1,016,423
-2,072
| -0.2% | -$12.6K |
|
|
BORR
2539
Borr Drilling
BORR
$1.21B
| $6.36M | ﹤0.01% |
2,904,257
+74,159
| +3% | +$223K |
|
2540
VinFast Auto
VFS
$7.6B
| $6.35M | ﹤0.01% |
1,996,233
+73,405
| +4% | +$273K |
|
2541
Atlanticus Holdings
ATLC
$1.68B
| $6.35M | ﹤0.01% |
124,029
+1,618
| +1% | +$88.3K |
|
2542
Digital Turbine
APPS
$1.64B
| $6.33M | ﹤0.01% |
2,330,235
+31,587
| +1% | +$103K |
|
2543
Cerus
CERS
$470M
| $6.32M | ﹤0.01% |
4,542,195
+87,670
| +2% | +$147K |
|
2544
Nathan's Famous
NATH
$404M
| $6.31M | ﹤0.01% |
65,484
+2,518
| +4% | +$225K |
|
2545
8x8 Inc
EGHT
$310M
| $6.29M | ﹤0.01% |
3,144,118
+119,796
| +4% | +$309K |
|
2546
Nordic American Tanker
NAT
$1.35B
| $6.28M | ﹤0.01% |
2,552,231
+59,215
| +2% | +$156K |
|
|
LOVE
2547
LoveSac
LOVE
$260M
| $6.28M | ﹤0.01% |
345,235
+4,795
| +1% | +$105K |
|
2548
Bridgewater Bancshares
BWB
$591M
| $6.26M | ﹤0.01% |
450,363
+4,960
| +1% | +$69.1K |
|
2549
Movado Group
MOV
$837M
| $6.25M | ﹤0.01% |
373,727
+20,429
| +6% | +$387K |
|
2550
Pulmonx
LUNG
$92.8M
| $6.24M | ﹤0.01% |
927,541
+25,301
| +3% | +$179K |
|
Similar funds
Geode Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, Geode Capital Management held 4,591 positions worth $1.27T, down 1.4% from $1.29T the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Geode Capital Management deployed $47.9B of net new capital in Q1 2025, opening 122 new positions and adding to 3,780 existing holdings. Its largest new stake was Sandisk: 1,936,245 shares worth $92.2M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Merck, an estimated $142M trimmed.
- Geode Capital Management's largest Q1 2025 buy was Sandisk: 1,936,245 shares worth $92.2M.
- Geode Capital Management added most to Microsoft in Q1 2025, an estimated $2.99B increase.
- Geode Capital Management's biggest Q1 2025 reduction was Merck, cutting an estimated $142M.
- Geode Capital Management fully exited Altair Engineering Inc in Q1 2025, selling an estimated $152M.
- Geode Capital Management's ten largest holdings make up 29% of its $1.27T portfolio in Q1 2025.
- Geode Capital Management opened 122 new positions and closed 115 in Q1 2025.
- Geode Capital Management's portfolio value fell 1.4% quarter-over-quarter to $1.27T.
Based on Geode Capital Management's 13F filing for Q1 2025, filed 13 May 2025.