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 | |
|---|---|---|---|---|---|---|
1401
Ambarella
AMBA
$3.66B
| $47.7M | ﹤0.01% |
947,910
+33,376
| +4% | +$2.28M |
|
1402
American Eagle Outfitters
AEO
$2.94B
| $47.7M | ﹤0.01% |
4,099,764
+71,543
| +2% | +$1.02M |
|
1403
Energizer
ENR
$1.47B
| $47.5M | ﹤0.01% |
1,586,647
+51,243
| +3% | +$1.64M |
|
1404
Tidewater
TDW
$3.59B
| $47.3M | ﹤0.01% |
1,119,657
+30,875
| +3% | +$1.54M |
|
1405
Vertex
VERX
$2.14B
| $47.3M | ﹤0.01% |
1,349,606
+74,489
| +6% | +$3.4M |
|
1406
Skyward Specialty Insurance
SKWD
$2.46B
| $47.2M | ﹤0.01% |
892,119
+27,855
| +3% | +$1.34M |
|
1407
Biohaven
BHVN
$2.02B
| $47.1M | ﹤0.01% |
1,958,980
+53,614
| +3% | +$1.89M |
|
1408
ManpowerGroup
MAN
$2.51B
| $47.1M | ﹤0.01% |
813,121
+27,346
| +3% | +$1.59M |
|
1409
iShares MSCI Taiwan ETF
EWT
$10.2B
| – | – |
0
| – | – |
|
|
PPLI
1410
People Inc
PPLI
$3.18B
| $46.9M | ﹤0.01% |
1,510,933
+49,253
| +3% | +$1.8M |
|
|
HBI
1411
DELISTED
Hanesbrands
HBI
| $46.9M | ﹤0.01% |
8,129,633
+228,060
| +3% | +$1.6M |
|
1412
Steven Madden
SHOO
$3.5B
| $46.8M | ﹤0.01% |
1,757,434
+43,930
| +3% | +$1.55M |
|
1413
PBF Energy
PBF
$8.27B
| $46.5M | ﹤0.01% |
2,435,529
+55,668
| +2% | +$1.39M |
|
1414
Kinetik
KNTK
$3.65B
| $46.5M | ﹤0.01% |
894,285
+24,406
| +3% | +$1.43M |
|
1415
Alignment Healthcare
ALHC
$3B
| $46.4M | ﹤0.01% |
2,493,686
+50,613
| +2% | +$755K |
|
1416
Banc of California
BANC
$3.05B
| $46.4M | ﹤0.01% |
3,270,228
+108,345
| +3% | +$1.64M |
|
1417
Chefs' Warehouse
CHEF
$4.61B
| $46.3M | ﹤0.01% |
850,692
+33,165
| +4% | +$1.85M |
|
1418
AAR Corp
AIR
$5.63B
| $46.3M | ﹤0.01% |
827,322
+27,556
| +3% | +$1.83M |
|
1419
Stewart Information Services
STC
$2.09B
| $46.2M | ﹤0.01% |
647,337
+20,245
| +3% | +$1.37M |
|
1420
Brookfield Renewable
BEPC
$6.22B
| $46M | ﹤0.01% |
1,653,614
+224,324
| +16% | +$6.15M |
|
1421
Axcelis
ACLS
$3.98B
| $46M | ﹤0.01% |
925,571
+27,821
| +3% | +$1.76M |
|
1422
Uranium Energy
UEC
$4.92B
| $46M | ﹤0.01% |
9,612,648
+532,823
| +6% | +$3.34M |
|
1423
Marqeta
MQ
$1.88B
| $45.9M | ﹤0.01% |
2,783,155
+25,257
| +0.9% | +$398K |
|
1424
Crescent Energy
CRGY
$3.76B
| $45.8M | ﹤0.01% |
4,075,589
+256,824
| +7% | +$3.54M |
|
1425
nCino
NCNO
$2.1B
| $45.8M | ﹤0.01% |
1,665,714
+124,571
| +8% | +$3.94M |
|
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.