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 | |
|---|---|---|---|---|---|---|
|
NPB
3176
Northpointe Bancshares
NPB
$592M
| $1.42M | ﹤0.01% |
+98,299
| New | +$1.41M |
|
|
SION
3177
Sionna Therapeutics
SION
$2.31B
| $1.42M | ﹤0.01% |
+135,563
| New | +$2.22M |
|
|
BNT
3178
Brookfield Wealth Solutions
BNT
$12.2B
| $1.42M | ﹤0.01% |
33,221
-2,764
| -8% | -$104K |
|
|
TECX
3179
Tectonic Therapeutic
TECX
$606M
| $1.41M | ﹤0.01% |
79,487
+1,903
| +2% | +$62K |
|
|
EFSI
3180
Eagle Financial Services Inc
EFSI
$226M
| $1.4M | ﹤0.01% |
+42,815
| New | +$1.4M |
|
3181
TScan Therapeutics
TCRX
$52M
| $1.4M | ﹤0.01% |
1,015,090
+51,833
| +5% | +$112K |
|
|
GOCO
3182
DELISTED
GoHealth
GOCO
| $1.4M | ﹤0.01% |
114,006
+8,492
| +8% | +$130K |
|
3183
Eagle Bancorp Montana
EBMT
$190M
| $1.4M | ﹤0.01% |
83,381
+6,380
| +8% | +$104K |
|
3184
Equinox Gold
EQX
$13.5B
| $1.39M | ﹤0.01% |
200,662
+21,844
| +12% | +$140K |
|
|
RPT
3185
Rithm Property Trust
RPT
$93.7M
| $1.39M | ﹤0.01% |
80,751
+3,692
| +5% | +$66.8K |
|
3186
TransAlta
TAC
$3.93B
| $1.39M | ﹤0.01% |
147,602
+20,841
| +16% | +$231K |
|
3187
Telomir Pharmaceuticals
TELO
$79.8M
| $1.39M | ﹤0.01% |
429,252
+15,575
| +4% | +$68.1K |
|
|
RDNW
3188
RideNow Group
RDNW
$262M
| $1.39M | ﹤0.01% |
491,102
+15,787
| +3% | +$65K |
|
3189
Inovio Pharmaceuticals
INO
$69M
| $1.38M | ﹤0.01% |
846,803
+218,298
| +35% | +$438K |
|
3190
Acme United Corp
ACU
$215M
| $1.38M | ﹤0.01% |
34,743
+1,739
| +5% | +$65.4K |
|
3191
Comstock Holding Companies
CHCI
$153M
| $1.37M | ﹤0.01% |
159,093
-15,457
| -9% | -$122K |
|
3192
ADC Therapeutics
ADCT
$144M
| $1.37M | ﹤0.01% |
969,747
+6,638
| +0.7% | +$11.3K |
|
3193
Douglas Elliman
DOUG
$162M
| $1.36M | ﹤0.01% |
792,805
+8,859
| +1% | +$16K |
|
3194
TORM
TRMD
$3.02B
| $1.36M | ﹤0.01% |
82,522
+56
| +0.1% | +$1.08K |
|
3195
Bassett Furniture
BSET
$176M
| $1.35M | ﹤0.01% |
88,734
+3,364
| +4% | +$50K |
|
|
CTNM
3196
Contineum Therapeutics
CTNM
$566M
| $1.35M | ﹤0.01% |
193,051
+4,643
| +2% | +$42.2K |
|
|
MRDN
3197
Meridian Holdings Inc
MRDN
$182M
| $1.34M | ﹤0.01% |
56,625
+4,667
| +9% | +$113K |
|
|
UBFO
3198
DELISTED
United Security Bancshares
UBFO
| $1.34M | ﹤0.01% |
148,982
+3,728
| +3% | +$35.7K |
|
3199
Biomea Fusion
BMEA
$91.3M
| $1.33M | ﹤0.01% |
625,953
+21,806
| +4% | +$74.3K |
|
|
ACR
3200
ACRES Commercial Realty
ACR
$108M
| $1.33M | ﹤0.01% |
61,308
+1,034
| +2% | +$20.2K |
|
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.