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 | |
|---|---|---|---|---|---|---|
2801
Medallion Financial
MFIN
$250M
| $3.73M | ﹤0.01% |
428,077
+8,860
| +2% | +$78.3K |
|
2802
Silvercrest Asset Management
SAMG
$79.9M
| $3.72M | ﹤0.01% |
227,569
+3,595
| +2% | +$63.9K |
|
|
XOMA
2803
DELISTED
Xoma
XOMA
| $3.72M | ﹤0.01% |
186,672
+4,482
| +2% | +$108K |
|
2804
Crawford & Co Class A
CRD.A
$669M
| $3.72M | ﹤0.01% |
325,237
+5,027
| +2% | +$58.7K |
|
|
ESSA
2805
DELISTED
ESSA Bancorp
ESSA
| $3.71M | ﹤0.01% |
196,582
+9,865
| +5% | +$200K |
|
2806
1-800-Flowers.com
FLWS
$258M
| $3.69M | ﹤0.01% |
625,797
+13,542
| +2% | +$99.6K |
|
2807
SoundThinking
SSTI
$103M
| $3.69M | ﹤0.01% |
217,503
+1,382
| +0.6% | +$20.4K |
|
2808
AMES National
ATLO
$277M
| $3.68M | ﹤0.01% |
209,903
+4,755
| +2% | +$85K |
|
2809
The Joint Corp
JYNT
$119M
| $3.67M | ﹤0.01% |
293,626
+493
| +0.2% | +$5.58K |
|
|
FSP
2810
Franklin Street Properties
FSP
$46.8M
| $3.67M | ﹤0.01% |
2,060,046
-19,454
| -0.9% | -$35.8K |
|
|
TBI
2811
Trueblue
TBI
$311M
| $3.66M | ﹤0.01% |
689,444
+11,051
| +2% | +$75.5K |
|
|
VRNA
2812
DELISTED
Verona Pharma
VRNA
| $3.66M | ﹤0.01% |
57,673
-5,068
| -8% | -$303K |
|
2813
Velocity Financial
VEL
$729M
| $3.65M | ﹤0.01% |
195,094
+5,528
| +3% | +$104K |
|
2814
Nature's Sunshine
NATR
$288M
| $3.65M | ﹤0.01% |
290,431
+3,391
| +1% | +$47.7K |
|
2815
Inhibrx
INBX
$1.3B
| $3.64M | ﹤0.01% |
260,029
+4,896
| +2% | +$66.5K |
|
|
NXDT
2816
NexPoint Diversified Real Estate Trust
NXDT
$238M
| $3.63M | ﹤0.01% |
948,032
+62,659
| +7% | +$311K |
|
|
ORKA
2817
Oruka Therapeutics
ORKA
$5.96B
| $3.62M | ﹤0.01% |
352,585
+10,167
| +3% | +$127K |
|
|
ONL
2818
Orion Office REIT
ONL
$160M
| $3.6M | ﹤0.01% |
1,683,174
+119,349
| +8% | +$417K |
|
2819
Flexsteel Industries
FLXS
$311M
| $3.6M | ﹤0.01% |
98,524
+3,016
| +3% | +$141K |
|
2820
Quantum-Si Incorporated
QSI
$177M
| $3.59M | ﹤0.01% |
2,994,888
+626,512
| +26% | +$1.2M |
|
2821
Definitive Healthcare
DH
$75.3M
| $3.59M | ﹤0.01% |
1,241,616
-31,044
| -2% | -$126K |
|
2822
ClearPoint Neuro
CLPT
$433M
| $3.58M | ﹤0.01% |
301,371
+17,470
| +6% | +$272K |
|
2823
Pearson
PSO
$9.9B
| $3.58M | ﹤0.01% |
223,811
-42,110
| -16% | -$692K |
|
2824
Ring Energy
REI
$339M
| $3.58M | ﹤0.01% |
3,113,981
+53,438
| +2% | +$69.7K |
|
|
BHR
2825
Braemar Hotels & Resorts
BHR
$142M
| $3.58M | ﹤0.01% |
1,436,723
+23,250
| +2% | +$63.5K |
|
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.