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 | |
|---|---|---|---|---|---|---|
|
TERN
2726
DELISTED
Terns Pharmaceuticals
TERN
| $4.35M | ﹤0.01% |
1,574,204
+57,726
| +4% | +$236K |
|
2727
Annexon
ANNX
$888M
| $4.33M | ﹤0.01% |
2,245,010
+73,532
| +3% | +$245K |
|
2728
Hyliion Holdings
HYLN
$703M
| $4.32M | ﹤0.01% |
3,087,137
+35,230
| +1% | +$69.8K |
|
|
GRDN
2729
Guardian Pharmacy Services
GRDN
$2.88B
| $4.32M | ﹤0.01% |
202,986
+2,022
| +1% | +$41.5K |
|
2730
Arteris
AIP
$1.44B
| $4.3M | ﹤0.01% |
622,736
+25,878
| +4% | +$247K |
|
|
SKYT
2731
DELISTED
SkyWater Technology
SKYT
| $4.27M | ﹤0.01% |
601,925
+17,110
| +3% | +$168K |
|
|
FVR
2732
FrontView REIT
FVR
$454M
| $4.25M | ﹤0.01% |
332,014
+8,363
| +3% | +$137K |
|
2733
Rimini Street
RMNI
$465M
| $4.23M | ﹤0.01% |
1,215,267
-6,047
| -0.5% | -$19.6K |
|
2734
Icahn Enterprises
IEP
$5.37B
| $4.23M | ﹤0.01% |
466,735
+71,469
| +18% | +$688K |
|
2735
Orion Group Holdings
ORN
$421M
| $4.21M | ﹤0.01% |
805,455
+27,012
| +3% | +$189K |
|
2736
Spire Global
SPIR
$554M
| $4.2M | ﹤0.01% |
519,051
+9,407
| +2% | +$125K |
|
|
SEVN
2737
Seven Hills Realty Trust
SEVN
$175M
| $4.17M | ﹤0.01% |
333,524
+5,177
| +2% | +$66.7K |
|
|
TBRG
2738
DELISTED
TruBridge
TBRG
| $4.16M | ﹤0.01% |
151,250
+4,961
| +3% | +$129K |
|
2739
Pangaea Logistics
PANL
$483M
| $4.15M | ﹤0.01% |
870,787
+18,856
| +2% | +$99.3K |
|
|
SNRE
2740
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
| $4.14M | ﹤0.01% |
85,737
-11,678
| -12% | -$547K |
|
|
SOBO
2741
South Bow Corp
SOBO
$7.48B
| $4.13M | ﹤0.01% |
160,507
-43,273
| -21% | -$1.08M |
|
2742
Neuropace
NPCE
$481M
| $4.12M | ﹤0.01% |
335,567
+12,594
| +4% | +$158K |
|
2743
RGC Resources
RGCO
$225M
| $4.11M | ﹤0.01% |
196,693
+2,212
| +1% | +$45.6K |
|
|
BRDG
2744
DELISTED
Bridge Investment Group
BRDG
| $4.08M | ﹤0.01% |
426,162
+19,455
| +5% | +$170K |
|
2745
Olema Pharmaceuticals
OLMA
$1.04B
| $4.07M | ﹤0.01% |
1,083,126
+156,964
| +17% | +$789K |
|
2746
Inogen
INGN
$163M
| $4.07M | ﹤0.01% |
570,419
+17,823
| +3% | +$168K |
|
2747
Dakota Gold
DC
$786M
| $4.07M | ﹤0.01% |
1,534,229
+60,630
| +4% | +$166K |
|
2748
MeiraGTx Holdings
MGTX
$1.18B
| $4.05M | ﹤0.01% |
597,903
+27,257
| +5% | +$183K |
|
2749
Oppenheimer Holdings
OPY
$1.19B
| $4.04M | ﹤0.01% |
67,671
+2,859
| +4% | +$185K |
|
2750
Accuray
ARAY
$35.1M
| $4.02M | ﹤0.01% |
2,247,021
+60,867
| +3% | +$127K |
|
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.