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 | |
|---|---|---|---|---|---|---|
1451
MYR Group
MYRG
$5.32B
| $43.7M | ﹤0.01% |
386,481
+9,365
| +2% | +$1.25M |
|
1452
Addus HomeCare
ADUS
$2.19B
| $43.7M | ﹤0.01% |
441,547
+17,769
| +4% | +$1.98M |
|
|
SARO
1453
StandardAero Inc
SARO
$9.96B
| $43.6M | ﹤0.01% |
1,635,015
+676,662
| +71% | +$18M |
|
1454
Green Brick Partners
GRBK
$3.1B
| $43.5M | ﹤0.01% |
746,037
+43,190
| +6% | +$2.55M |
|
1455
Supernus Pharmaceuticals
SUPN
$2.61B
| $43.5M | ﹤0.01% |
1,326,619
-183,949
| -12% | -$6.52M |
|
1456
City Holding Co
CHCO
$2.06B
| $43.4M | ﹤0.01% |
369,593
+15,356
| +4% | +$1.81M |
|
1457
Mirum Pharmaceuticals
MIRM
$6.38B
| $43.4M | ﹤0.01% |
963,665
+20,321
| +2% | +$958K |
|
1458
Century Communities
CCS
$1.97B
| $43.4M | ﹤0.01% |
646,986
+14,851
| +2% | +$1.07M |
|
|
HTO
1459
H2O America
HTO
$2.57B
| $43.3M | ﹤0.01% |
792,392
+46,768
| +6% | +$2.39M |
|
1460
Park Hotels & Resorts
PK
$3.03B
| $43.3M | ﹤0.01% |
4,055,455
+171,872
| +4% | +$2.18M |
|
|
LTC
1461
LTC Properties
LTC
$1.99B
| $43.2M | ﹤0.01% |
1,219,045
+52,444
| +4% | +$1.82M |
|
1462
First Busey Corp
BUSE
$2.6B
| $43.2M | ﹤0.01% |
1,998,090
+711,107
| +55% | +$16.5M |
|
1463
CONMED
CNMD
$1.56B
| $43.2M | ﹤0.01% |
714,585
+21,793
| +3% | +$1.4M |
|
1464
StoneCo
STNE
$2.75B
| $43M | ﹤0.01% |
4,102,606
-1,317,191
| -24% | -$12.4M |
|
1465
Beam Therapeutics
BEAM
$2.67B
| $43M | ﹤0.01% |
2,199,455
+395,081
| +22% | +$10.3M |
|
|
GTY
1466
Getty Realty Corp
GTY
$2.1B
| $42.9M | ﹤0.01% |
1,374,161
+76,893
| +6% | +$2.36M |
|
1467
Gildan
GIL
$10.3B
| $42.8M | ﹤0.01% |
942,254
+151,031
| +19% | +$7.51M |
|
|
APLS
1468
DELISTED
Apellis Pharmaceuticals
APLS
| $42.7M | ﹤0.01% |
1,950,046
+111,094
| +6% | +$3.07M |
|
1469
DNOW Inc
DNOW
$2.6B
| $42.6M | ﹤0.01% |
2,491,735
+73,159
| +3% | +$1.11M |
|
1470
Alamo Group
ALG
$1.97B
| $42.5M | ﹤0.01% |
238,543
+7,808
| +3% | +$1.43M |
|
1471
AvePoint
AVPT
$2.84B
| $42.5M | ﹤0.01% |
2,942,904
+92,636
| +3% | +$1.56M |
|
1472
Nelnet
NNI
$4.96B
| $42.4M | ﹤0.01% |
382,406
+20,853
| +6% | +$2.33M |
|
1473
Hillman Solutions
HLMN
$1.62B
| $42.4M | ﹤0.01% |
4,822,701
+98,353
| +2% | +$955K |
|
1474
LeMaitre Vascular
LMAT
$2.37B
| $42.4M | ﹤0.01% |
504,756
-45,504
| -8% | -$4.23M |
|
1475
Huntsman Corp
HUN
$1.76B
| $42.3M | ﹤0.01% |
2,679,071
+115,199
| +4% | +$1.96M |
|
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.