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 | |
|---|---|---|---|---|---|---|
401
Leidos
LDOS
$14.3B
| $483M | 0.04% |
3,546,940
+153,627
| +5% | +$21.4M |
|
402
Rollins
ROL
$18.1B
| $482M | 0.04% |
8,947,442
+389,519
| +5% | +$19.6M |
|
403
LyondellBasell Industries
LYB
$20.1B
| $481M | 0.04% |
6,800,301
-3,904
| -0.1% | -$294K |
|
404
Deckers Outdoor
DECK
$13.4B
| $481M | 0.04% |
4,312,860
+207,906
| +5% | +$33.6M |
|
405
Labcorp
LH
$25.5B
| $480M | 0.04% |
2,068,830
+64,832
| +3% | +$15.7M |
|
406
Bank of Montreal
BMO
$126B
| $477M | 0.04% |
4,902,978
+605,352
| +14% | +$59.9M |
|
407
Packaging Corp of America
PKG
$21.9B
| $472M | 0.04% |
2,391,703
+24,980
| +1% | +$5.33M |
|
408
Ares Management
ARES
$28.6B
| $469M | 0.04% |
3,209,797
+203,440
| +7% | +$35.2M |
|
409
Clorox
CLX
$11.6B
| $469M | 0.04% |
3,195,877
+97,575
| +3% | +$14.9M |
|
410
Quest Diagnostics
DGX
$25.9B
| $468M | 0.04% |
2,774,154
+84,133
| +3% | +$13.8M |
|
411
Vertiv
VRT
$94.5B
| $466M | 0.04% |
6,466,808
+415,843
| +7% | +$44.3M |
|
412
Sprouts Farmers Market
SFM
$8.17B
| $466M | 0.04% |
3,027,043
+548,297
| +22% | +$81.8M |
|
413
Tyson Foods
TSN
$21B
| $462M | 0.04% |
7,266,251
+271,895
| +4% | +$16M |
|
414
Principal Financial Group
PFG
$24.3B
| $461M | 0.04% |
5,480,842
+14,255
| +0.3% | +$1.19M |
|
415
Citizens Financial Group
CFG
$30.3B
| $459M | 0.04% |
11,248,608
+319,017
| +3% | +$14.2M |
|
416
Super Micro Computer
SMCI
$18.4B
| $457M | 0.04% |
13,388,170
+541,453
| +4% | +$20.5M |
|
417
ON Semiconductor
ON
$32.7B
| $456M | 0.04% |
11,218,506
+701,715
| +7% | +$35.3M |
|
418
Steel Dynamics
STLD
$36.3B
| $454M | 0.04% |
3,637,305
-51,189
| -1% | -$6.49M |
|
419
Canadian Natural Resources
CNQ
$99.3B
| $450M | 0.04% |
14,314,637
+1,606,474
| +13% | +$48.7M |
|
420
Ulta Beauty
ULTA
$22B
| $450M | 0.04% |
1,230,681
+30,746
| +3% | +$11.7M |
|
421
F5
FFIV
$23B
| $445M | 0.04% |
1,676,697
+72,335
| +5% | +$20.2M |
|
422
Canadian Pacific Kansas City
CP
$78.2B
| $444M | 0.03% |
6,220,321
+708,856
| +13% | +$53.9M |
|
423
Alliant Energy
LNT
$18.2B
| $443M | 0.03% |
6,900,883
+205,116
| +3% | +$12.5M |
|
424
Trade Desk
TTD
$8.42B
| $442M | 0.03% |
8,095,842
+425,274
| +6% | +$38.5M |
|
425
Everest Group
EG
$14.4B
| $441M | 0.03% |
1,205,257
+41,176
| +4% | +$14.6M |
|
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 121 new positions and adding to 3,781 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 121 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.