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 | |
|---|---|---|---|---|---|---|
3676
Optex Systems
OPXS
$83.4M
| $343K | ﹤0.01% |
60,449
+4,175
| +7% | +$25.7K |
|
3677
Immuneering
IMRX
$292M
| $343K | ﹤0.01% |
225,817
+17,430
| +8% | +$31.7K |
|
3678
Ampco-Pittsburgh
AP
$193M
| $342K | ﹤0.01% |
157,727
+5,616
| +4% | +$12.4K |
|
3679
Research Frontiers
REFR
$17M
| $342K | ﹤0.01% |
302,421
+5,922
| +2% | +$8.47K |
|
|
FORA
3680
DELISTED
Forian
FORA
| $338K | ﹤0.01% |
169,018
-967
| -0.6% | -$2.16K |
|
3681
Grupo Cibest SA
CIB
$21.1B
| $336K | ﹤0.01% |
+8,360
| New | +$328K |
|
3682
AmeriServ Financial
ASRV
$83.5M
| $336K | ﹤0.01% |
138,040
+10,898
| +9% | +$28.3K |
|
|
KYNB
3683
Kyntra Bio
KYNB
$29.4M
| $335K | ﹤0.01% |
43,180
+846
| +2% | +$10.1K |
|
3684
SurgePays
SURG
$7.27M
| $334K | ﹤0.01% |
161,307
+5,192
| +3% | +$7.66K |
|
3685
Unicycive Therapeutics
UNCY
$139M
| $333K | ﹤0.01% |
57,920
+5,471
| +10% | +$33.4K |
|
|
STAI
3686
DELISTED
ScanTech AI Systems
STAI
| $332K | ﹤0.01% |
+8,187
| New | +$339K |
|
3687
ImmuCell
ICCC
$99.5M
| $330K | ﹤0.01% |
68,945
+4,407
| +7% | +$22.6K |
|
|
KZR
3688
DELISTED
Kezar Life Sciences
KZR
| $330K | ﹤0.01% |
67,564
+994
| +1% | +$6.03K |
|
3689
Western Midstream Partners
WES
$19.3B
| $328K | ﹤0.01% |
8,013
+214
| +3% | +$8.71K |
|
3690
MAIA Biotechnology
MAIA
$86.3M
| $328K | ﹤0.01% |
214,437
+16,913
| +9% | +$31.3K |
|
3691
HUTCHMED
HCM
$2.17B
| $327K | ﹤0.01% |
21,744
| – | – |
|
|
MODV
3692
DELISTED
ModivCare
MODV
| $327K | ﹤0.01% |
248,320
-14,609
| -6% | -$70.7K |
|
|
PPSI
3693
Pioneer Power Solutions
PPSI
$34.3M
| $324K | ﹤0.01% |
108,291
+8,611
| +9% | +$31.2K |
|
3694
Intellinetics
INLX
| $321K | ﹤0.01% |
25,872
+712
| +3% | +$8.87K |
|
|
PBBK
3695
DELISTED
PB Bankshares
PBBK
| $320K | ﹤0.01% |
19,475
+1,661
| +9% | +$26K |
|
3696
Lantern Pharma
LTRN
$36.5M
| $320K | ﹤0.01% |
90,504
+3,531
| +4% | +$14.7K |
|
3697
Tilray
TLRY
$622M
| $320K | ﹤0.01% |
48,252
-192,339
| -80% | -$1.78M |
|
3698
Tempest Therapeutics
TPST
$14.6M
| $320K | ﹤0.01% |
33,334
+6,082
| +22% | +$69K |
|
3699
US GoldMining
USGO
$120M
| $320K | ﹤0.01% |
32,605
+1,409
| +5% | +$13.8K |
|
3700
RenovoRx
RNXT
$50.5M
| $319K | ﹤0.01% |
321,873
+86,125
| +37% | +$100K |
|
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.