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 | |
|---|---|---|---|---|---|---|
3376
Heritage Global
HGBL
$36.8M
| $819K | ﹤0.01% |
375,481
+13,849
| +4% | +$29.5K |
|
3377
Karooooo
KARO
$2B
| $812K | ﹤0.01% |
19,093
| – | – |
|
3378
Magyar Bancorp
MGYR
$123M
| $812K | ﹤0.01% |
58,406
+637
| +1% | +$9.19K |
|
3379
KVH Industries
KVHI
$157M
| $808K | ﹤0.01% |
152,746
+5,570
| +4% | +$31.7K |
|
3380
Identive
INVE
$61.9M
| $804K | ﹤0.01% |
251,815
+8,057
| +3% | +$28.3K |
|
3381
Southland Holdings
SLND
$31.4M
| $796K | ﹤0.01% |
266,094
+65,048
| +32% | +$211K |
|
3382
Upland Software
UPLD
$15.4M
| $795K | ﹤0.01% |
27,786
+478
| +2% | +$18.1K |
|
|
SVCO
3383
Silvaco Group
SVCO
$256M
| $794K | ﹤0.01% |
174,189
+8,997
| +5% | +$61.5K |
|
3384
Structure Therapeutics
GPCR
$3.78B
| $792K | ﹤0.01% |
45,737
+32
| +0.1% | +$784 |
|
3385
Biglari Holdings Class A
BH.A
$1.21B
| $791K | ﹤0.01% |
719
+102
| +17% | +$114K |
|
3386
Team
TISI
$77.7M
| $790K | ﹤0.01% |
46,650
+2,179
| +5% | +$35.4K |
|
|
AKYA
3387
DELISTED
Akoya BioSciences
AKYA
| $788K | ﹤0.01% |
566,982
+1,493
| +0.3% | +$3.27K |
|
3388
UNIFI
UFI
$134M
| $785K | ﹤0.01% |
163,066
+3,973
| +2% | +$22.3K |
|
3389
Tenaya Therapeutics
TNYA
$163M
| $784K | ﹤0.01% |
1,375,181
+106,444
| +8% | +$105K |
|
3390
Red Robin
RRGB
$152M
| $783K | ﹤0.01% |
219,970
+21,445
| +11% | +$110K |
|
3391
AbCellera Biologics
ABCL
$2.12B
| $782K | ﹤0.01% |
350,887
+237,114
| +208% | +$680K |
|
|
GRP.U
3392
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $781K | ﹤0.01% |
16,447
+1,140
| +7% | +$54.4K |
|
|
GAN
3393
DELISTED
GAN Ltd
GAN
| $777K | ﹤0.01% |
438,781
+10,162
| +2% | +$18.3K |
|
|
KFII
3394
K&F Growth Acquisition Corp II
KFII
$417M
| $772K | ﹤0.01% |
+77,511
| New | +$770K |
|
3395
Innovative Solutions & Support
ISSC
$361M
| $771K | ﹤0.01% |
122,533
-3,059
| -2% | -$26.4K |
|
3396
MediciNova
MNOV
$66M
| $770K | ﹤0.01% |
526,999
+12,085
| +2% | +$21.4K |
|
3397
Cognyte Software
CGNT
$680M
| $759K | ﹤0.01% |
97,249
-2,731
| -3% | -$24.9K |
|
|
MGIC
3398
DELISTED
Magic Software Enterprises
MGIC
| $755K | ﹤0.01% |
58,153
+48
| +0.1% | +$614 |
|
3399
Unusual Machines
UMAC
$1.3B
| $755K | ﹤0.01% |
117,907
+74,693
| +173% | +$757K |
|
3400
Instil Bio
TIL
$50.3M
| $751K | ﹤0.01% |
43,215
+1,480
| +4% | +$30.7K |
|
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.