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 | |
|---|---|---|---|---|---|---|
601
RenaissanceRe
RNR
$13.3B
| $220M | 0.02% |
917,870
-226,935
| -20% | -$54.9M |
|
602
Ralph Lauren
RL
$22.6B
| $220M | 0.02% |
999,095
+30,319
| +3% | +$7.51M |
|
603
Chemed
CHE
$7.07B
| $219M | 0.02% |
355,983
+15,574
| +5% | +$8.85M |
|
604
The Mosaic Company
MOS
$7.03B
| $219M | 0.02% |
8,120,976
-500,025
| -6% | -$13.2M |
|
605
Aecom
ACM
$9.3B
| $219M | 0.02% |
2,366,471
+93,230
| +4% | +$9.46M |
|
606
Hasbro
HAS
$13.2B
| $218M | 0.02% |
3,550,551
+179,549
| +5% | +$10.9M |
|
607
DT Midstream
DTM
$14.1B
| $217M | 0.02% |
2,252,958
-199,990
| -8% | -$20M |
|
608
Neurocrine Biosciences
NBIX
$16.8B
| $217M | 0.02% |
1,969,754
+94,692
| +5% | +$12M |
|
609
Campbell Soup
CPB
$6.55B
| $217M | 0.02% |
5,454,796
+131,464
| +2% | +$5.15M |
|
610
AGNC Investment
AGNC
$12.4B
| $216M | 0.02% |
22,534,534
+7,919,813
| +54% | +$79.1M |
|
611
Paylocity
PCTY
$7.38B
| $216M | 0.02% |
1,153,158
+79,170
| +7% | +$15.8M |
|
612
Enphase Energy
ENPH
$4.96B
| $215M | 0.02% |
3,469,419
+39,510
| +1% | +$2.5M |
|
613
Texas Roadhouse
TXRH
$13.5B
| $214M | 0.02% |
1,282,725
+75,080
| +6% | +$13.3M |
|
614
Norwegian Cruise Line
NCLH
$8.51B
| $213M | 0.02% |
11,266,130
+472,862
| +4% | +$11.4M |
|
615
Performance Food Group
PFGC
$18B
| $213M | 0.02% |
2,706,991
+125,669
| +5% | +$10.5M |
|
616
Fortis
FTS
$29B
| $212M | 0.02% |
4,564,692
+307,206
| +7% | +$13.4M |
|
617
Mueller Industries
MLI
$14.7B
| $212M | 0.02% |
5,560,676
+149,500
| +3% | +$5.97M |
|
|
WBA
618
DELISTED
Walgreens Boots Alliance
WBA
| $211M | 0.02% |
18,980,731
-1,798,523
| -9% | -$19.5M |
|
619
Dick's Sporting Goods
DKS
$17.5B
| $211M | 0.02% |
1,050,370
-7,423
| -0.7% | -$1.66M |
|
620
Chord Energy
CHRD
$7.9B
| $211M | 0.02% |
1,871,193
+727,113
| +64% | +$82.6M |
|
621
Moderna
MRNA
$21.8B
| $211M | 0.02% |
7,456,590
+215,236
| +3% | +$7.64M |
|
622
Zillow
Z
$7.79B
| $210M | 0.02% |
3,072,773
+194,649
| +7% | +$14.9M |
|
623
Huntington Ingalls Industries
HII
$12.9B
| $210M | 0.02% |
1,030,969
-17,513
| -2% | -$3.32M |
|
624
Applied Industrial Technologies
AIT
$12.8B
| $210M | 0.02% |
931,365
-129,866
| -12% | -$32M |
|
625
Lamar Advertising Co
LAMR
$16.2B
| $209M | 0.02% |
1,834,612
-279,389
| -13% | -$34M |
|
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.