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 | |
|---|---|---|---|---|---|---|
3301
VirTra
VTSI
$34.5M
| $1.03M | ﹤0.01% |
252,134
+9,961
| +4% | +$59.5K |
|
3302
Fortuna Silver Mines
FSM
$3.07B
| $1.01M | ﹤0.01% |
164,547
+16,139
| +11% | +$80.2K |
|
3303
Coya Therapeutics
COYA
$113M
| $1.01M | ﹤0.01% |
155,829
+5,253
| +3% | +$33.3K |
|
3304
Travelzoo
TZOO
$75.4M
| $1M | ﹤0.01% |
73,548
-6,136
| -8% | -$110K |
|
|
ORGN
3305
DELISTED
Origin Materials
ORGN
| $1M | ﹤0.01% |
50,320
+1,012
| +2% | +$27.8K |
|
|
CRON
3306
Cronos Group
CRON
$1.14B
| $1,000K | ﹤0.01% |
552,294
+5,594
| +1% | +$10.8K |
|
3307
Nautilus Biotechnolgy
NAUT
$115M
| $991K | ﹤0.01% |
1,151,022
+8,480
| +0.7% | +$12.6K |
|
|
KMTS
3308
Kestra Medical Technologies
KMTS
$1.55B
| $990K | ﹤0.01% |
+39,747
| New | +$913K |
|
3309
Invivyd
IVVD
$218M
| $984K | ﹤0.01% |
1,625,654
+27,980
| +2% | +$25.1K |
|
3310
loanDepot
LDI
$516M
| $978K | ﹤0.01% |
821,691
+46,594
| +6% | +$75.5K |
|
3311
PetMed Express
PETS
$42.3M
| $976K | ﹤0.01% |
232,791
+8,003
| +4% | +$36.4K |
|
3312
Anixa Biosciences
ANIX
$116M
| $973K | ﹤0.01% |
340,265
+10,888
| +3% | +$31.1K |
|
|
AFBI
3313
DELISTED
Affinity Bancshares
AFBI
| $973K | ﹤0.01% |
54,760
+4,995
| +10% | +$91.8K |
|
3314
International General Insurance
IGIC
$1.15B
| $972K | ﹤0.01% |
36,948
+9,071
| +33% | +$230K |
|
3315
inTEST
INTT
$177M
| $962K | ﹤0.01% |
137,529
+5,615
| +4% | +$46.6K |
|
3316
Value Line
VALU
$361M
| $960K | ﹤0.01% |
24,829
+2,189
| +10% | +$90.2K |
|
|
NYAX
3317
Nayax
NYAX
$2.58B
| $959K | ﹤0.01% |
27,988
+12
| +0% | +$434 |
|
|
GIFI
3318
DELISTED
Gulf Island Fabrication
GIFI
| $954K | ﹤0.01% |
147,690
+2,029
| +1% | +$13.7K |
|
3319
Quest Resource Holding
QRHC
$31.6M
| $954K | ﹤0.01% |
366,861
+10,080
| +3% | +$47.7K |
|
3320
Bally's
BALY
$658M
| $950K | ﹤0.01% |
77,209
-202,683
| -72% | -$3.4M |
|
|
SBT
3321
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $950K | ﹤0.01% |
196,192
-255,013
| -57% | -$1.21M |
|
3322
Acumen Pharmaceuticals
ABOS
$176M
| $948K | ﹤0.01% |
861,899
-8,656
| -1% | -$12.4K |
|
|
NOVA
3323
DELISTED
Sunnova Energy
NOVA
| $947K | ﹤0.01% |
2,546,308
-36,871
| -1% | -$71K |
|
|
FONR
3324
DELISTED
Fonar
FONR
| $947K | ﹤0.01% |
67,568
+1,613
| +2% | +$24.1K |
|
3325
FreightCar America
RAIL
$260M
| $945K | ﹤0.01% |
170,682
-7,160
| -4% | -$68K |
|
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.