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 | |
|---|---|---|---|---|---|---|
2876
Priority Technology Holdings
PRTH
$444M
| $3.06M | ﹤0.01% |
449,222
+55,218
| +14% | +$522K |
|
2877
J. Jill
JILL
$283M
| $3.06M | ﹤0.01% |
156,710
+11,740
| +8% | +$281K |
|
|
EU
2878
enCore Energy
EU
$243M
| $3.06M | ﹤0.01% |
2,232,748
+3,972
| +0.2% | +$10.2K |
|
|
GPMT
2879
Granite Point Mortgage Trust
GPMT
$61.2M
| $3.06M | ﹤0.01% |
1,175,391
-24,784
| -2% | -$70.6K |
|
|
NREF
2880
NexPoint Real Estate Finance
NREF
$342M
| $3.05M | ﹤0.01% |
199,594
+7,303
| +4% | +$114K |
|
2881
Benitec Biopharma
BNTC
$468M
| $3.04M | ﹤0.01% |
233,820
+36,724
| +19% | +$444K |
|
2882
Prime Medicine
PRME
$556M
| $3.04M | ﹤0.01% |
1,526,530
+58,924
| +4% | +$150K |
|
2883
Lightwave Logic
LWLG
$1.25B
| $3.04M | ﹤0.01% |
2,963,514
+96,206
| +3% | +$150K |
|
2884
Neurogene
NGNE
$712M
| $3.04M | ﹤0.01% |
259,376
+24,751
| +11% | +$430K |
|
|
AOMR
2885
Angel Oak Mortgage REIT
AOMR
$209M
| $3.01M | ﹤0.01% |
315,772
+3,315
| +1% | +$32.9K |
|
2886
Design Therapeutics
DSGN
$876M
| $2.99M | ﹤0.01% |
775,497
+13,857
| +2% | +$66.1K |
|
2887
Maui Land & Pineapple Co
MLP
$344M
| $2.99M | ﹤0.01% |
170,046
+2,944
| +2% | +$57.3K |
|
2888
Viking Holdings
VIK
$47.2B
| $2.98M | ﹤0.01% |
74,977
+2,222
| +3% | +$102K |
|
2889
Emergent Biosolutions
EBS
$248M
| $2.98M | ﹤0.01% |
612,290
+21,428
| +4% | +$177K |
|
2890
Cartesian Therapeutics
RNAC
$268M
| $2.97M | ﹤0.01% |
225,500
+4,243
| +2% | +$75.8K |
|
2891
Peoples Bancorp of North Carolina
PEBK
$229M
| $2.97M | ﹤0.01% |
108,871
+7,314
| +7% | +$208K |
|
2892
Rackspace Technology
RXT
$1.24B
| $2.96M | ﹤0.01% |
1,750,913
+12,932
| +0.7% | +$30.8K |
|
2893
Pioneer Bancorp
PBFS
$434M
| $2.96M | ﹤0.01% |
252,443
+2,870
| +1% | +$33.4K |
|
2894
Atour Lifestyle Holdings
ATAT
$4.8B
| $2.95M | ﹤0.01% |
104,066
+11,211
| +12% | +$320K |
|
2895
Galicia Financial Group
GGAL
$7.42B
| $2.95M | ﹤0.01% |
54,163
+8,781
| +19% | +$546K |
|
2896
NACCO Industries
NC
$320M
| $2.95M | ﹤0.01% |
87,391
+756
| +0.9% | +$24.4K |
|
2897
Rocky Brands
RCKY
$369M
| $2.94M | ﹤0.01% |
169,104
+1,787
| +1% | +$39K |
|
2898
Stoneridge
SRI
$213M
| $2.93M | ﹤0.01% |
638,632
+19,604
| +3% | +$99.7K |
|
2899
Outdoor Holding Co
POWW
$247M
| $2.93M | ﹤0.01% |
2,122,541
+34,279
| +2% | +$53.1K |
|
|
VRN
2900
DELISTED
Veren
VRN
| $2.92M | ﹤0.01% |
437,619
+38,676
| +10% | +$214K |
|
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.