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 | |
|---|---|---|---|---|---|---|
1701
Disc Medicine
IRON
$2.99B
| $28.4M | ﹤0.01% |
571,984
+99,278
| +21% | +$5.52M |
|
1702
Flywire
FLYW
$2.13B
| $28.3M | ﹤0.01% |
2,983,385
+154,955
| +5% | +$2.44M |
|
1703
Brookdale Senior Living
BKD
$3.4B
| $28.3M | ﹤0.01% |
4,522,333
+158,860
| +4% | +$850K |
|
1704
National Healthcare
NHC
$3.25B
| $28.3M | ﹤0.01% |
305,000
+16,338
| +6% | +$1.58M |
|
1705
A10 Networks
ATEN
$2.21B
| $28.3M | ﹤0.01% |
1,732,103
+54,897
| +3% | +$1.05M |
|
1706
Plug Power
PLUG
$3.03B
| $28.3M | ﹤0.01% |
20,946,362
+1,029,094
| +5% | +$1.96M |
|
1707
Pacira BioSciences
PCRX
$1.09B
| $28.3M | ﹤0.01% |
1,137,532
+45,562
| +4% | +$1.09M |
|
1708
Interface
TILE
$2.01B
| $28.2M | ﹤0.01% |
1,422,646
+63,720
| +5% | +$1.39M |
|
1709
Rogers Corp
ROG
$2.37B
| $28.1M | ﹤0.01% |
416,316
+6,545
| +2% | +$563K |
|
|
PRA
1710
DELISTED
ProAssurance
PRA
| $28.1M | ﹤0.01% |
1,202,080
+39,547
| +3% | +$640K |
|
|
EFC
1711
Ellington Financial
EFC
$1.67B
| $28M | ﹤0.01% |
2,110,647
+101,820
| +5% | +$1.32M |
|
|
VISN
1712
Vistance Networks Inc
VISN
$2.82B
| $28M | ﹤0.01% |
5,265,221
+138,779
| +3% | +$737K |
|
1713
Globant
GLOB
$1.65B
| $28M | ﹤0.01% |
237,528
+17,731
| +8% | +$3.18M |
|
1714
Helix Energy Solutions
HLX
$1.42B
| $27.9M | ﹤0.01% |
3,360,263
+108,485
| +3% | +$914K |
|
|
CSR
1715
Centerspace
CSR
$915M
| $27.9M | ﹤0.01% |
430,935
+15,255
| +4% | +$962K |
|
|
DEA
1716
Easterly Government Properties
DEA
$1.18B
| $27.9M | ﹤0.01% |
1,052,342
+23,322
| +2% | +$641K |
|
|
ATSG
1717
DELISTED
Air Transport Services Group
ATSG
| $27.9M | ﹤0.01% |
1,241,247
+9,807
| +0.8% | +$218K |
|
1718
Ardelyx
ARDX
$1.24B
| $27.9M | ﹤0.01% |
5,672,609
+162,879
| +3% | +$875K |
|
1719
AdaptHealth
AHCO
$913M
| $27.8M | ﹤0.01% |
2,565,982
+98,213
| +4% | +$988K |
|
1720
Donnelley Financial Solutions
DFIN
$1.22B
| $27.8M | ﹤0.01% |
636,139
+45,914
| +8% | +$2.54M |
|
1721
SSR Mining
SSRM
$5.51B
| $27.7M | ﹤0.01% |
2,764,242
+85,302
| +3% | +$787K |
|
1722
Amphastar Pharmaceuticals
AMPH
$877M
| $27.7M | ﹤0.01% |
955,076
+38,995
| +4% | +$1.25M |
|
|
FL
1723
DELISTED
Foot Locker
FL
| $27.6M | ﹤0.01% |
1,959,538
+61,208
| +3% | +$1.13M |
|
|
VRNT
1724
DELISTED
Verint Systems
VRNT
| $27.6M | ﹤0.01% |
1,546,316
+52,564
| +4% | +$1.26M |
|
1725
Loar Holdings
LOAR
$7.08B
| $27.6M | ﹤0.01% |
390,596
+50,109
| +15% | +$3.62M |
|
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.