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 | |
|---|---|---|---|---|---|---|
2626
Cellebrite
CLBT
$3.87B
| $5.26M | ﹤0.01% |
270,542
+24,280
| +10% | +$511K |
|
2627
Timberland Bancorp
TSBK
$355M
| $5.24M | ﹤0.01% |
173,915
+5,102
| +3% | +$154K |
|
2628
UroGen Pharma
URGN
$2.31B
| $5.24M | ﹤0.01% |
473,330
+11,428
| +2% | +$122K |
|
|
ILPT
2629
Industrial Logistics Properties Trust
ILPT
$581M
| $5.23M | ﹤0.01% |
1,521,299
-14,272
| -0.9% | -$53.3K |
|
|
ATXS
2630
DELISTED
Astria Therapeutics
ATXS
| $5.23M | ﹤0.01% |
979,595
+29,198
| +3% | +$204K |
|
2631
Real Brokerage
REAX
$469M
| $5.22M | ﹤0.01% |
1,284,842
+20,202
| +2% | +$95.9K |
|
2632
Genesco
GCO
$422M
| $5.22M | ﹤0.01% |
245,652
+7,862
| +3% | +$273K |
|
2633
Precigen
PGEN
$2.54B
| $5.19M | ﹤0.01% |
3,479,602
+179,751
| +5% | +$283K |
|
|
PINE
2634
Alpine Income Property Trust
PINE
$351M
| $5.18M | ﹤0.01% |
309,787
-229
| -0.1% | -$3.79K |
|
2635
Codexis
CDXS
$159M
| $5.18M | ﹤0.01% |
1,925,281
+69,767
| +4% | +$270K |
|
2636
ATN International
ATNI
$477M
| $5.16M | ﹤0.01% |
254,039
+6,108
| +2% | +$110K |
|
2637
Costamare
CMRE
$1.77B
| $5.15M | ﹤0.01% |
523,796
+9,392
| +2% | +$104K |
|
2638
Ranger Energy Services
RNGR
$384M
| $5.15M | ﹤0.01% |
362,704
+6,728
| +2% | +$109K |
|
|
NVRO
2639
DELISTED
NEVRO CORP.
NVRO
| $5.14M | ﹤0.01% |
880,546
+52,526
| +6% | +$277K |
|
2640
Iris Energy
IREN
$14B
| $5.13M | ﹤0.01% |
841,807
+147,291
| +21% | +$1.43M |
|
2641
MBIA
MBI
$262M
| $5.12M | ﹤0.01% |
1,028,759
+29,046
| +3% | +$180K |
|
2642
Forum Energy Technologies
FET
$859M
| $5.12M | ﹤0.01% |
254,412
+13,674
| +6% | +$253K |
|
2643
OneWater Marine
ONEW
$200M
| $5.1M | ﹤0.01% |
314,963
+18,678
| +6% | +$320K |
|
2644
Taysha Gene Therapies
TSHA
$1.84B
| $5.1M | ﹤0.01% |
3,664,732
+92,383
| +3% | +$155K |
|
2645
SmartRent
SMRT
$255M
| $5.08M | ﹤0.01% |
4,197,944
-26,717
| -0.6% | -$37.4K |
|
2646
Jakks Pacific
JAKK
$290M
| $5.08M | ﹤0.01% |
205,718
+6,112
| +3% | +$173K |
|
2647
Avita Medical
RCEL
$226M
| $5.05M | ﹤0.01% |
619,707
+22,112
| +4% | +$207K |
|
2648
Weibo
WB
$1.95B
| $5.04M | ﹤0.01% |
532,495
+318,206
| +148% | +$3.23M |
|
2649
Custom Truck One Source
CTOS
$2.39B
| $5.04M | ﹤0.01% |
1,194,306
+38,618
| +3% | +$186K |
|
2650
ProFrac Holding
ACDC
$852M
| $5.04M | ﹤0.01% |
663,919
+72,418
| +12% | +$556K |
|
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.