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 | |
|---|---|---|---|---|---|---|
2826
RE/MAX Holdings
RMAX
$242M
| $3.56M | ﹤0.01% |
425,580
+2,137
| +0.5% | +$20.4K |
|
2827
W&T Offshore
WTI
$518M
| $3.55M | ﹤0.01% |
2,288,664
+99,300
| +5% | +$164K |
|
2828
Fulcrum Therapeutics
FULC
$297M
| $3.55M | ﹤0.01% |
1,231,375
-63,140
| -5% | -$232K |
|
2829
Plains GP Holdings
PAGP
$4.9B
| $3.53M | ﹤0.01% |
165,434
+15,268
| +10% | +$321K |
|
2830
OptimizeRx
OPRX
$133M
| $3.53M | ﹤0.01% |
407,675
+7,054
| +2% | +$43.1K |
|
2831
PrimeEnergy Resources
PNRG
$298M
| $3.52M | ﹤0.01% |
15,423
+226
| +1% | +$46.7K |
|
2832
Montauk Renewables
MNTK
$255M
| $3.51M | ﹤0.01% |
1,677,885
+31,961
| +2% | +$117K |
|
2833
Itaú Unibanco
ITUB
$87.5B
| $3.51M | ﹤0.01% |
656,823
-277,629
| -30% | -$1.4M |
|
|
CRGX
2834
DELISTED
CARGO Therapeutics
CRGX
| $3.5M | ﹤0.01% |
859,853
+5,786
| +0.7% | +$38.7K |
|
|
PDS
2835
Precision Drilling
PDS
$974M
| $3.49M | ﹤0.01% |
54,456
+47,171
| +648% | +$2.57M |
|
|
LAZR
2836
DELISTED
Luminar Technologies
LAZR
| $3.49M | ﹤0.01% |
647,152
+55,291
| +9% | +$334K |
|
2837
Tucows
TCX
$175M
| $3.47M | ﹤0.01% |
205,413
+3,165
| +2% | +$55K |
|
2838
Medifast
MED
$141M
| $3.46M | ﹤0.01% |
256,483
+10,554
| +4% | +$159K |
|
|
WBTN
2839
WEBTOON Entertainment Inc
WBTN
$1.21B
| $3.46M | ﹤0.01% |
450,458
+35,572
| +9% | +$388K |
|
2840
Nano X Imaging
NNOX
$73.8M
| $3.45M | ﹤0.01% |
689,862
+1,350
| +0.2% | +$9.34K |
|
2841
First Western Financial
MYFW
$306M
| $3.44M | ﹤0.01% |
175,277
+3,371
| +2% | +$66.1K |
|
2842
AlTi Global
ALTI
$493M
| $3.43M | ﹤0.01% |
1,127,594
+32,537
| +3% | +$117K |
|
2843
Biglari Holdings Class B
BH
$1.21B
| $3.42M | ﹤0.01% |
15,796
+112
| +0.7% | +$25.5K |
|
2844
Richardson Electronics
RELL
$304M
| $3.38M | ﹤0.01% |
302,819
+9,373
| +3% | +$122K |
|
2845
Future Fuel
FF
$223M
| $3.38M | ﹤0.01% |
866,018
+129,504
| +18% | +$623K |
|
2846
Tower Semiconductor
TSEM
$28.5B
| $3.38M | ﹤0.01% |
94,722
+56
| +0.1% | +$2.53K |
|
2847
Information Services Group
III
$248M
| $3.38M | ﹤0.01% |
863,174
+41,779
| +5% | +$137K |
|
2848
Advantage Solutions
ADV
$361M
| $3.36M | ﹤0.01% |
88,896
+2,921
| +3% | +$170K |
|
2849
Omega Flex
OFLX
$312M
| $3.33M | ﹤0.01% |
95,776
+5,645
| +6% | +$219K |
|
2850
Amplify Energy
AMPY
$166M
| $3.33M | ﹤0.01% |
889,290
+25,083
| +3% | +$125K |
|
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.