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 | |
|---|---|---|---|---|---|---|
1551
Polaris
PII
$4.02B
| $37.2M | ﹤0.01% |
907,481
+43,299
| +5% | +$2.06M |
|
1552
FIVE9
FIVN
$2.22B
| $37.1M | ﹤0.01% |
1,365,737
+48,287
| +4% | +$1.77M |
|
1553
Kodiak Gas Services
KGS
$5.86B
| $37M | ﹤0.01% |
990,702
+163,428
| +20% | +$6.97M |
|
1554
Lakeland Financial Corp
LKFN
$1.56B
| $37M | ﹤0.01% |
621,530
+19,042
| +3% | +$1.25M |
|
|
AVDX
1555
DELISTED
AvidXchange
AVDX
| $36.9M | ﹤0.01% |
4,355,937
+110,010
| +3% | +$1.02M |
|
1556
Marriott Vacations Worldwide
VAC
$3.35B
| $36.9M | ﹤0.01% |
574,250
+28,216
| +5% | +$2.24M |
|
1557
UL Solutions
ULS
$18.4B
| $36.8M | ﹤0.01% |
652,874
+24,194
| +4% | +$1.28M |
|
1558
Brady Corp
BRC
$4.52B
| $36.8M | ﹤0.01% |
521,114
+28,752
| +6% | +$2.09M |
|
1559
JetBlue
JBLU
$2.35B
| $36.7M | ﹤0.01% |
7,617,155
+243,253
| +3% | +$1.6M |
|
1560
Integra LifeSciences
IART
$1.39B
| $36.6M | ﹤0.01% |
1,663,301
+86,643
| +5% | +$2.04M |
|
1561
Mercury Insurance
MCY
$5.94B
| $36.6M | ﹤0.01% |
654,055
+31,331
| +5% | +$1.69M |
|
1562
NETSCOUT
NTCT
$2.98B
| $36.5M | ﹤0.01% |
1,736,751
-223,245
| -11% | -$5.02M |
|
1563
Weis Markets
WMK
$1.94B
| $36.5M | ﹤0.01% |
473,339
+30,529
| +7% | +$2.19M |
|
1564
Edgewise Therapeutics
EWTX
$4.13B
| $36.4M | ﹤0.01% |
1,655,664
+55,093
| +3% | +$1.45M |
|
1565
UFP Technologies
UFPT
$2.07B
| $36.4M | ﹤0.01% |
180,173
+7,218
| +4% | +$1.75M |
|
1566
Worthington Enterprises
WOR
$2.78B
| $36.3M | ﹤0.01% |
724,945
+19,819
| +3% | +$835K |
|
1567
AstraZeneca
AZN
$245B
| $36.1M | ﹤0.01% |
245,515
-3,901
| -2% | -$564K |
|
1568
Boston Beer
SAM
$1.94B
| $36.1M | ﹤0.01% |
151,025
+6,448
| +4% | +$1.57M |
|
1569
Greif
GEF
$4.93B
| $36M | ﹤0.01% |
654,780
+13,165
| +2% | +$776K |
|
1570
Nicolet Bankshares
NIC
$3.65B
| $35.9M | ﹤0.01% |
329,196
+25,448
| +8% | +$2.86M |
|
1571
Kanzhun
BZ
$7.36B
| $35.8M | ﹤0.01% |
1,883,578
-5,869
| -0.3% | -$95.5K |
|
1572
Enovis
ENOV
$1.81B
| $35.7M | ﹤0.01% |
933,873
+10,207
| +1% | +$433K |
|
1573
CRISPR Therapeutics
CRSP
$4.88B
| $35.6M | ﹤0.01% |
1,045,904
+45,036
| +4% | +$1.91M |
|
|
UMH
1574
UMH Properties
UMH
$1.3B
| $35.5M | ﹤0.01% |
1,895,794
+57,239
| +3% | +$1.04M |
|
1575
Travere Therapeutics
TVTX
$5.11B
| $35.4M | ﹤0.01% |
1,976,661
+134,360
| +7% | +$2.73M |
|
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.