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 | |
|---|---|---|---|---|---|---|
2851
Escalade
ESCA
$311M
| $3.32M | ﹤0.01% |
217,001
+3,549
| +2% | +$53.5K |
|
|
SNBR
2852
DELISTED
Sleep Number
SNBR
| $3.32M | ﹤0.01% |
523,194
+6,015
| +1% | +$80.5K |
|
2853
Eastern Company
EML
$150M
| $3.31M | ﹤0.01% |
130,713
+2,481
| +2% | +$67.4K |
|
2854
Mercer International
MERC
$39.8M
| $3.3M | ﹤0.01% |
536,138
+11,969
| +2% | +$80.4K |
|
|
SMC
2855
Summit Midstream
SMC
$419M
| $3.29M | ﹤0.01% |
97,055
+3,526
| +4% | +$142K |
|
2856
Johnson Outdoors
JOUT
$505M
| $3.29M | ﹤0.01% |
132,433
+7,894
| +6% | +$230K |
|
2857
Telos
TLS
$358M
| $3.28M | ﹤0.01% |
1,377,625
+18,487
| +1% | +$56.7K |
|
2858
Leslie's
LESL
$11M
| $3.27M | ﹤0.01% |
222,047
+10,717
| +5% | +$329K |
|
2859
CPI Card Group
PMTS
$320M
| $3.25M | ﹤0.01% |
111,461
+879
| +0.8% | +$26.2K |
|
2860
Smith-Midland
SMID
$152M
| $3.22M | ﹤0.01% |
103,742
+2,710
| +3% | +$99.9K |
|
2861
Full House Resorts
FLL
$88.1M
| $3.22M | ﹤0.01% |
769,286
+43,944
| +6% | +$208K |
|
2862
Alliance Resource Partners
ARLP
$3.17B
| $3.2M | ﹤0.01% |
117,394
-2,900
| -2% | -$77.5K |
|
2863
Lands' End
LE
$403M
| $3.2M | ﹤0.01% |
313,844
+708
| +0.2% | +$8.44K |
|
2864
Gevo
GEVO
$382M
| $3.19M | ﹤0.01% |
2,749,064
+58,634
| +2% | +$98.2K |
|
2865
Entravision Communication
EVC
$1.1B
| $3.18M | ﹤0.01% |
1,515,431
+54,133
| +4% | +$118K |
|
2866
Hamilton Beach Brands
HBB
$422M
| $3.18M | ﹤0.01% |
163,628
+1,902
| +1% | +$34.2K |
|
|
RAPP
2867
Rapport Therapeutics
RAPP
$2.18B
| $3.17M | ﹤0.01% |
315,663
+104,987
| +50% | +$1.36M |
|
2868
Holley
HLLY
$384M
| $3.11M | ﹤0.01% |
1,211,357
+52,022
| +4% | +$146K |
|
2869
4D Molecular Therapeutics
FDMT
$562M
| $3.11M | ﹤0.01% |
963,269
-48,893
| -5% | -$230K |
|
2870
Designer Brands
DBI
$333M
| $3.11M | ﹤0.01% |
852,349
-83,553
| -9% | -$393K |
|
|
TEAD
2871
Teads Holding Co
TEAD
$66.9M
| $3.1M | ﹤0.01% |
831,619
-6,270
| -0.7% | -$35.4K |
|
2872
Concrete Pumping Holdings
BBCP
$491M
| $3.1M | ﹤0.01% |
568,085
+7,698
| +1% | +$53.6K |
|
|
EWCZ
2873
DELISTED
European Wax Center
EWCZ
| $3.1M | ﹤0.01% |
784,597
-33,234
| -4% | -$198K |
|
2874
Superior Group of Companies
SGC
$225M
| $3.1M | ﹤0.01% |
283,236
+1,936
| +0.7% | +$27.2K |
|
2875
Cadiz
CDZI
$291M
| $3.09M | ﹤0.01% |
1,053,549
+18,387
| +2% | +$80.8K |
|
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.