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 | |
|---|---|---|---|---|---|---|
1276
Ultragenyx Pharmaceutical
RARE
$2.45B
| $59.6M | ﹤0.01% |
1,646,537
+83,747
| +5% | +$3.48M |
|
1277
Bread Financial
BFH
$4.37B
| $59.6M | ﹤0.01% |
1,190,484
+36,388
| +3% | +$2.07M |
|
1278
Enova International
ENVA
$6.33B
| $59.5M | ﹤0.01% |
615,865
+14,744
| +2% | +$1.52M |
|
1279
Scholar Rock
SRRK
$5.67B
| $59.4M | ﹤0.01% |
1,847,449
+77,125
| +4% | +$2.97M |
|
1280
Sweetgreen
SG
$766M
| $59.2M | ﹤0.01% |
2,366,318
+84,647
| +4% | +$2.34M |
|
1281
Archer Aviation
ACHR
$3.54B
| $59.2M | ﹤0.01% |
8,319,961
+2,484,833
| +43% | +$22M |
|
1282
Riot Platforms
RIOT
$7.63B
| $59.1M | ﹤0.01% |
8,298,619
+887,765
| +12% | +$9.21M |
|
1283
Towne Bank
TOWN
$3.46B
| $59.1M | ﹤0.01% |
1,727,943
+42,469
| +3% | +$1.5M |
|
1284
Hilton Grand Vacations
HGV
$3.59B
| $58.9M | ﹤0.01% |
1,573,756
+17,419
| +1% | +$695K |
|
1285
Choice Hotels
CHH
$5.07B
| $58.7M | ﹤0.01% |
441,941
+27,420
| +7% | +$3.91M |
|
|
CURB
1286
Curbline Properties
CURB
$3.52B
| $58.7M | ﹤0.01% |
2,425,726
+62,163
| +3% | +$1.5M |
|
1287
AZZ Inc
AZZ
$4.35B
| $58.5M | ﹤0.01% |
699,526
+23,684
| +4% | +$2.11M |
|
1288
Braze
BRZE
$2.81B
| $58.5M | ﹤0.01% |
1,620,155
+84,190
| +5% | +$3.39M |
|
1289
InvenTrust Properties
IVT
$2.76B
| $58.4M | ﹤0.01% |
1,989,251
+52,521
| +3% | +$1.55M |
|
1290
Signet Jewelers
SIG
$3.61B
| $58.4M | ﹤0.01% |
1,006,229
+16,457
| +2% | +$942K |
|
1291
First Interstate BancSystem
FIBK
$3.69B
| $58.3M | ﹤0.01% |
2,034,293
+45,922
| +2% | +$1.42M |
|
1292
First Financial Bancorp
FFBC
$3.55B
| $58.2M | ﹤0.01% |
2,329,643
+66,232
| +3% | +$1.77M |
|
1293
Pan American Silver
PAAS
$18.2B
| $58.2M | ﹤0.01% |
2,267,243
+239,782
| +12% | +$5.74M |
|
1294
Outfront Media
OUT
$5.61B
| $58.2M | ﹤0.01% |
3,604,342
+127,229
| +4% | +$2.27M |
|
1295
MDU Resources
MDU
$4.17B
| $57.8M | ﹤0.01% |
3,418,275
-95,519
| -3% | -$1.65M |
|
1296
First Merchants
FRME
$2.68B
| $57.8M | ﹤0.01% |
1,429,313
+37,054
| +3% | +$1.54M |
|
1297
Enerpac Tool Group
EPAC
$1.83B
| $57.6M | ﹤0.01% |
1,284,676
+47,340
| +4% | +$2.1M |
|
1298
Minerals Technologies
MTX
$2.36B
| $57.6M | ﹤0.01% |
906,483
+33,360
| +4% | +$2.38M |
|
1299
Westlake Corp
WLK
$9.03B
| $57.6M | ﹤0.01% |
576,779
+18,836
| +3% | +$2.09M |
|
1300
Diodes
DIOD
$3.78B
| $57.5M | ﹤0.01% |
1,330,759
+46,965
| +4% | +$2.53M |
|
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.