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 | |
|---|---|---|---|---|---|---|
|
PCH
1001
DELISTED
PotlatchDeltic
PCH
| $94.7M | 0.01% |
2,098,316
+42,520
| +2% | +$1.87M |
|
1002
HF Sinclair
DINO
$16.3B
| $94.3M | 0.01% |
2,867,785
+55,183
| +2% | +$1.93M |
|
1003
Etsy
ETSY
$7.75B
| $94.1M | 0.01% |
1,993,899
+84,445
| +4% | +$4.32M |
|
1004
Lumen
LUMN
$6.57B
| $94M | 0.01% |
23,960,264
+593,985
| +3% | +$2.96M |
|
|
CNR
1005
Core Natural Resources Inc
CNR
$4.02B
| $93.8M | 0.01% |
1,216,945
+565,594
| +87% | +$47.8M |
|
1006
Tanger
SKT
$4.67B
| $93.8M | 0.01% |
2,775,522
+80,445
| +3% | +$2.7M |
|
1007
FMC
FMC
$1.34B
| $93.5M | 0.01% |
2,214,900
-780,791
| -26% | -$34.7M |
|
1008
Integer Holdings
ITGR
$4.12B
| $93M | 0.01% |
788,063
+25,233
| +3% | +$3.3M |
|
1009
Cognex
CGNX
$10.9B
| $93M | 0.01% |
3,117,036
+114,492
| +4% | +$4.03M |
|
|
ALE
1010
DELISTED
Allete
ALE
| $93M | 0.01% |
1,414,491
+22,246
| +2% | +$1.46M |
|
1011
Mueller Water Products
MWA
$3.95B
| $92.9M | 0.01% |
3,653,300
+117,835
| +3% | +$2.96M |
|
1012
Hyatt Hotels
H
$16.4B
| $92.8M | 0.01% |
758,986
+49,294
| +7% | +$7.09M |
|
1013
Cal-Maine
CALM
$4.12B
| $92.7M | 0.01% |
1,019,144
+33,141
| +3% | +$3.27M |
|
1014
Kadant
KAI
$3.63B
| $92.6M | 0.01% |
274,851
+8,884
| +3% | +$3.23M |
|
|
SNDK
1015
Sandisk
SNDK
$180B
| $92.2M | 0.01% |
+1,936,245
| New | +$96.2M |
|
1016
Boise Cascade
BCC
$2.69B
| $92.2M | 0.01% |
939,859
-59,811
| -6% | -$6.77M |
|
1017
Modine Manufacturing
MOD
$10.7B
| $92.2M | 0.01% |
1,200,880
+32,653
| +3% | +$3.22M |
|
1018
The GEO Group
GEO
$4.13B
| $92.1M | 0.01% |
3,151,201
+99,817
| +3% | +$2.86M |
|
1019
Associated Banc-Corp
ASB
$5.83B
| $92M | 0.01% |
4,083,892
+234,243
| +6% | +$5.62M |
|
1020
Bloom Energy
BE
$60.6B
| $91.6M | 0.01% |
4,660,526
+120,408
| +3% | +$2.87M |
|
1021
Workiva
WK
$3.36B
| $91.3M | 0.01% |
1,203,052
+57,239
| +5% | +$5.41M |
|
1022
SiteOne Landscape Supply
SITE
$4.12B
| $91.3M | 0.01% |
751,555
+34,718
| +5% | +$4.6M |
|
1023
Affiliated Managers Group
AMG
$9.69B
| $91.2M | 0.01% |
542,693
+21,191
| +4% | +$3.69M |
|
1024
Sonoco
SON
$5.57B
| $91.2M | 0.01% |
1,930,201
+92,525
| +5% | +$4.37M |
|
1025
SiriusXM
SIRI
$9.98B
| $91M | 0.01% |
4,032,223
+117,438
| +3% | +$2.77M |
|
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.