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 | |
|---|---|---|---|---|---|---|---|
101
Southern Company
SO
$105B
| $2.38B | 0.17% |
26,006,919
+241,572
| +0.9% | +$21.7M |
2013 Q2
48 quarters
|
|
102
Starbucks
SBUX
$111B
| $2.36B | 0.17% |
25,846,634
+99,983
| +0.4% | +$8.66M |
2013 Q2
48 quarters
|
|
103
Prologis
PLD
$120B
| $2.35B | 0.16% |
22,416,833
+310,333
| +1% | +$32.5M |
2013 Q2
48 quarters
|
|
104
Welltower
WELL
$169B
| $2.3B | 0.16% |
15,012,454
+723,887
| +5% | +$108M |
2013 Q2
48 quarters
|
|
105
Intercontinental Exchange
ICE
$90.7B
| $2.27B | 0.16% |
12,438,154
+145,961
| +1% | +$25.1M |
2013 Q2
48 quarters
|
|
106
Lockheed Martin
LMT
$127B
| $2.26B | 0.16% |
4,884,954
+19,459
| +0.4% | +$9.11M |
2013 Q2
48 quarters
|
|
107
Constellation Energy
CEG
$96.1B
| $2.24B | 0.16% |
6,965,792
-77,600
| -1% | -$20.5M |
2022 Q1
13 quarters
|
|
108
Duke Energy
DUK
$94.7B
| $2.21B | 0.15% |
18,684,447
+319,001
| +2% | +$37.6M |
2013 Q2
48 quarters
|
|
109
Intel
INTC
$475B
| $2.17B | 0.15% |
97,563,079
+1,760,773
| +2% | +$36.5M |
2013 Q2
48 quarters
|
|
110
Trane Technologies
TT
$101B
| $2.16B | 0.15% |
4,973,217
+56,293
| +1% | +$22.2M |
2013 Q2
48 quarters
|
|
111
Bristol-Myers Squibb
BMY
$122B
| $2.13B | 0.15% |
46,176,690
+723,459
| +2% | +$35.5M |
2013 Q2
48 quarters
|
|
112
O'Reilly Automotive
ORLY
$72.2B
| $2.13B | 0.15% |
23,679,108
+660,933
| +3% | +$60.3M |
2013 Q2
48 quarters
|
|
113
Fiserv Inc
FISV
$25.3B
| $2.08B | 0.15% |
12,121,353
-614,564
| -5% | -$111M |
2013 Q2
48 quarters
|
|
114
Royal Caribbean
RCL
$74.3B
| $2.08B | 0.15% |
6,667,927
+415,230
| +7% | +$98.9M |
2013 Q2
48 quarters
|
|
115
McKesson
MCK
$117B
| $2.06B | 0.14% |
2,820,724
+112,224
| +4% | +$79.2M |
2013 Q2
48 quarters
|
|
116
Cintas
CTAS
$84.9B
| $2.05B | 0.14% |
9,192,013
+314,860
| +4% | +$67.8M |
2013 Q2
48 quarters
|
|
117
Howmet Aerospace
HWM
$88.1B
| $2.03B | 0.14% |
10,938,815
+719,888
| +7% | +$111M |
2016 Q4
34 quarters
|
|
118
Equinix
EQIX
$97.3B
| $2B | 0.14% |
2,508,220
-3,688
| -0.1% | -$3.13M |
2015 Q2
40 quarters
|
|
119
Aon
AON
$62.1B
| $1.99B | 0.14% |
5,588,279
+173,722
| +3% | +$62.9M |
2013 Q2
48 quarters
|
|
120
Elevance Health
ELV
$92.9B
| $1.98B | 0.14% |
5,093,882
-72,833
| -1% | -$29.3M |
2013 Q2
48 quarters
|
|
121
Waste Management
WM
$90.7B
| $1.97B | 0.14% |
8,647,146
+126,329
| +1% | +$29.3M |
2013 Q2
48 quarters
|
|
122
CVS Health
CVS
$118B
| $1.97B | 0.14% |
28,635,233
+675,824
| +2% | +$44.3M |
2013 Q2
48 quarters
|
|
123
Cigna
CI
$79.9B
| $1.96B | 0.14% |
5,963,102
-73,582
| -1% | -$23.7M |
2013 Q2
48 quarters
|
|
124
Cadence Design Systems
CDNS
$88B
| $1.95B | 0.14% |
6,363,734
+77,478
| +1% | +$22.5M |
2013 Q2
48 quarters
|
|
125
DoorDash
DASH
$82B
| $1.95B | 0.14% |
7,951,230
+223,188
| +3% | +$44.8M |
2020 Q4
18 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.