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 | |
|---|---|---|---|---|---|---|
1901
Certara
CERT
$1.21B
| $20M | ﹤0.01% |
2,020,611
+125,792
| +7% | +$1.53M |
|
|
PGRE
1902
DELISTED
Paramount Group
PGRE
| $20M | ﹤0.01% |
4,649,557
+13,057
| +0.3% | +$59K |
|
1903
Community Trust Bancorp
CTBI
$1.44B
| $19.9M | ﹤0.01% |
395,317
+20,773
| +6% | +$1.1M |
|
|
BDN
1904
Brandywine Realty Trust
BDN
$546M
| $19.9M | ﹤0.01% |
4,460,734
+152,930
| +4% | +$757K |
|
1905
Iovance Biotherapeutics
IOVA
$1.95B
| $19.9M | ﹤0.01% |
5,968,298
+96,878
| +2% | +$500K |
|
|
PRO
1906
DELISTED
PROS Holdings
PRO
| $19.9M | ﹤0.01% |
1,043,276
+44,021
| +4% | +$1.03M |
|
1907
Marten Transport
MRTN
$1.22B
| $19.9M | ﹤0.01% |
1,446,892
+45,945
| +3% | +$684K |
|
1908
Coursera
COUR
$1.75B
| $19.9M | ﹤0.01% |
2,980,074
+62,024
| +2% | +$492K |
|
1909
Southside Bancshares
SBSI
$976M
| $19.8M | ﹤0.01% |
683,816
+27,428
| +4% | +$841K |
|
1910
Myriad Genetics
MYGN
$303M
| $19.8M | ﹤0.01% |
2,230,766
+87,897
| +4% | +$1.06M |
|
|
PTVE
1911
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $19.7M | ﹤0.01% |
1,095,990
+19,399
| +2% | +$345K |
|
1912
Tronox
TROX
$948M
| $19.7M | ﹤0.01% |
2,794,476
+100,183
| +4% | +$862K |
|
|
LGF.B
1913
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $19.6M | ﹤0.01% |
2,474,383
+100,601
| +4% | +$806K |
|
|
MCW
1914
DELISTED
Mister Car Wash
MCW
| $19.6M | ﹤0.01% |
2,478,225
+357,952
| +17% | +$2.77M |
|
1915
Scansource
SCSC
$1.2B
| $19.6M | ﹤0.01% |
574,747
+7,605
| +1% | +$310K |
|
1916
Sonic Automotive
SAH
$2.79B
| $19.5M | ﹤0.01% |
343,109
+10,733
| +3% | +$722K |
|
1917
Gentherm
THRM
$1.32B
| $19.5M | ﹤0.01% |
730,569
+6,387
| +0.9% | +$224K |
|
1918
Astec Industries
ASTE
$1.2B
| $19.5M | ﹤0.01% |
566,863
-2,200
| -0.4% | -$75.6K |
|
1919
PRA Group
PRAA
$672M
| $19.5M | ﹤0.01% |
946,642
+24,479
| +3% | +$519K |
|
1920
Encore Capital Group
ECPG
$2.05B
| $19.5M | ﹤0.01% |
568,795
+2,291
| +0.4% | +$99.9K |
|
1921
First Mid Bancshares
FMBH
$1.4B
| $19.4M | ﹤0.01% |
555,704
+46,838
| +9% | +$1.73M |
|
1922
Central Garden & Pet Co
CENT
$2.76B
| $19.4M | ﹤0.01% |
527,942
-10,579
| -2% | -$387K |
|
|
VMEO
1923
DELISTED
Vimeo
VMEO
| $19.2M | ﹤0.01% |
3,644,054
-53,105
| -1% | -$322K |
|
1924
Fastly Inc
FSLY
$3.9B
| $19.1M | ﹤0.01% |
3,022,830
+3,147
| +0.1% | +$26.3K |
|
1925
Allegiant Air
ALGT
$2.82B
| $19.1M | ﹤0.01% |
369,056
+5,955
| +2% | +$478K |
|
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.