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
|
+$1.53B |
| 2 |
NVIDIA
NVDA
|
+$1.07B |
| 3 |
Capital One
COF
|
+$1.02B |
| 4 |
Apple
AAPL
|
+$998M |
| 5 |
Amazon
AMZN
|
+$736M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Discover Financial Services
DFS
|
+$1.09B |
| 2 |
Palantir
PLTR
|
+$671M |
| 3 |
Coca-Cola
KO
|
+$501M |
| 4 |
Qualcomm
QCOM
|
+$435M |
| 5 |
Applovin
APP
|
+$362M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.45% |
| 2 | Financials | 14.05% |
| 3 | Consumer Discretionary | 10.52% |
| 4 | Healthcare | 9.36% |
| 5 | Communication Services | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Adobe
ADBE
$95.4B
| $4.27B | 0.3% |
11,084,826
+21,778
| +0.2% | +$8.39M |
2013 Q2
48 quarters
|
|
52
Uber
UBER
$144B
| $4.26B | 0.3% |
45,859,136
+1,168,288
| +3% | +$96.2M |
2019 Q2
24 quarters
|
|
53
RTX Corp
RTX
$261B
| $4.24B | 0.3% |
29,130,311
+388,242
| +1% | +$51.7M |
2013 Q2
48 quarters
|
|
54
Accenture
ACN
$141B
| $4.18B | 0.29% |
14,042,843
+147,931
| +1% | +$45.1M |
2013 Q2
48 quarters
|
|
55
Progressive
PGR
$127B
| $4.13B | 0.29% |
15,513,188
+301,371
| +2% | +$82.6M |
2013 Q2
48 quarters
|
|
|
56
Qualcomm
QCOM
$184B
| $4.08B | 0.29% |
25,726,574
-2,953,700
| -10% | -$435M |
2013 Q2
48 quarters
|
|
57
Caterpillar
CAT
$336B
| $4.06B | 0.28% |
10,467,024
-49,594
| -0.5% | -$16.5M |
2013 Q2
48 quarters
|
|
58
Applied Materials
AMAT
$325B
| $3.84B | 0.27% |
21,026,363
+407,282
| +2% | +$64.5M |
2013 Q2
48 quarters
|
|
59
Morgan Stanley
MS
$284B
| $3.74B | 0.26% |
26,633,092
-29,297
| -0.1% | -$3.6M |
2013 Q2
48 quarters
|
|
60
Citigroup
C
$208B
| $3.65B | 0.26% |
42,957,190
+411,894
| +1% | +$29.8M |
2013 Q2
48 quarters
|
|
61
Amgen
AMGN
$234B
| $3.62B | 0.25% |
13,018,617
+291,271
| +2% | +$82.5M |
2013 Q2
48 quarters
|
|
62
Honeywell
HON
$67B
| $3.58B | 0.25% |
16,372,475
-83,828
| -0.5% | -$17M |
2013 Q2
48 quarters
|
|
63
S&P Global
SPGI
$127B
| $3.57B | 0.25% |
6,793,282
+42,724
| +0.6% | +$21.3M |
2016 Q2
36 quarters
|
|
64
Automatic Data Processing
ADP
$114B
| $3.51B | 0.25% |
11,388,935
+345,798
| +3% | +$106M |
2013 Q2
48 quarters
|
|
65
Boston Scientific
BSX
$64.3B
| $3.47B | 0.24% |
32,424,982
+622,602
| +2% | +$63M |
2013 Q2
48 quarters
|
|
66
Union Pacific
UNP
$172B
| $3.44B | 0.24% |
14,991,104
-53,535
| -0.4% | -$11.9M |
2013 Q2
48 quarters
|
|
67
Boeing
BA
$150B
| $3.4B | 0.24% |
16,316,838
+432,026
| +3% | +$81.6M |
2013 Q2
48 quarters
|
|
68
Charles Schwab
SCHW
$159B
| $3.4B | 0.24% |
37,381,183
+1,038,376
| +3% | +$86.9M |
2013 Q2
48 quarters
|
|
69
Blackrock
BLK
$176B
| $3.28B | 0.23% |
3,143,429
+34,049
| +1% | +$32.2M |
2013 Q2
48 quarters
|
|
70
Lam Research
LRCX
$330B
| $3.28B | 0.23% |
33,802,736
+1,135,405
| +3% | +$90.1M |
2013 Q2
48 quarters
|
|
71
Thermo Fisher Scientific
TMO
$255B
| $3.27B | 0.23% |
8,114,787
-12,399
| -0.2% | -$5.18M |
2013 Q2
48 quarters
|
|
72
Gilead Sciences
GILD
$194B
| $3.23B | 0.23% |
29,207,662
+727,515
| +3% | +$77.4M |
2013 Q2
48 quarters
|
|
73
GE Vernova
GEV
$245B
| $3.22B | 0.23% |
6,108,484
+129,315
| +2% | +$53.8M |
2024 Q2
4 quarters
|
|
74
TJX Companies
TJX
$162B
| $3.21B | 0.22% |
26,070,916
+301,127
| +1% | +$38.2M |
2013 Q2
48 quarters
|
|
75
NextEra Energy
NEE
$166B
| $3.16B | 0.22% |
45,724,229
+526,996
| +1% | +$36.6M |
2013 Q2
48 quarters
|
|
Similar funds
Geode Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Geode Capital Management held 4,594 positions worth $1.43T, up 12% from $1.27T the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Geode Capital Management's Q2 2025 filing shows 119 new, 2,783 increased, 1,424 reduced and 147 closed positions. Its largest new stake was Emera Inc: 3,219,448 shares worth $152M. The largest sale was Discover Financial Services, an estimated $1.09B.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q2 2025 buy was Emera Inc: 3,219,448 shares worth $152M.
- Geode Capital Management added most to Microsoft in Q2 2025, an estimated $1.53B increase.
- Geode Capital Management's biggest Q2 2025 reduction was Palantir, cutting an estimated $671M.
- Geode Capital Management fully exited Discover Financial Services in Q2 2025, selling an estimated $1.09B.
- Geode Capital Management's ten largest holdings make up 32% of its $1.43T portfolio in Q2 2025.
- Geode Capital Management opened 119 new positions and closed 147 in Q2 2025.
- Geode Capital Management's portfolio value rose 12% quarter-over-quarter to $1.43T.
Based on Geode Capital Management's 13F filing for Q2 2025, filed 8 Aug 2025.