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 | |
|---|---|---|---|---|---|---|
1951
Clover Health Investments
CLOV
$2.25B
| $18.1M | ﹤0.01% |
5,030,981
+148,520
| +3% | +$596K |
|
1952
Cadre Holdings
CDRE
$1.32B
| $17.9M | ﹤0.01% |
603,910
+17,655
| +3% | +$608K |
|
1953
V2X
VVX
$2.47B
| $17.9M | ﹤0.01% |
364,491
+43,312
| +13% | +$2.12M |
|
1954
Cimpress
CMPR
$2.49B
| $17.8M | ﹤0.01% |
394,200
+1,948
| +0.5% | +$109K |
|
1955
Array Technologies
ARRY
$924M
| $17.8M | ﹤0.01% |
3,659,369
+133,077
| +4% | +$857K |
|
1956
Xencor
XNCR
$1.48B
| $17.8M | ﹤0.01% |
1,674,348
+39,472
| +2% | +$652K |
|
1957
New Fortress Energy
NFE
$99M
| $17.8M | ﹤0.01% |
2,139,533
+421,012
| +24% | +$5.19M |
|
1958
BrightView Holdings
BV
$1.22B
| $17.8M | ﹤0.01% |
1,384,799
+50,511
| +4% | +$723K |
|
|
WSR
1959
DELISTED
Whitestone REIT
WSR
| $17.8M | ﹤0.01% |
1,219,970
-27,195
| -2% | -$374K |
|
1960
Gorman-Rupp
GRC
$2.26B
| $17.7M | ﹤0.01% |
505,537
+38,517
| +8% | +$1.45M |
|
1961
Burke & Herbert Financial Services Corp
BHRB
$1.51B
| $17.7M | ﹤0.01% |
316,167
+10,280
| +3% | +$628K |
|
1962
DHT Holdings
DHT
$2.92B
| $17.7M | ﹤0.01% |
1,687,616
+29,917
| +2% | +$322K |
|
|
GOOD
1963
Gladstone Commercial Corp
GOOD
$608M
| $17.6M | ﹤0.01% |
1,177,619
+60,116
| +5% | +$948K |
|
1964
Intellia Therapeutics
NTLA
$1.58B
| $17.6M | ﹤0.01% |
2,480,173
+90,933
| +4% | +$918K |
|
1965
Hanmi Financial
HAFC
$960M
| $17.6M | ﹤0.01% |
778,048
+44,673
| +6% | +$1.03M |
|
1966
Amerant Bancorp
AMTB
$1.16B
| $17.6M | ﹤0.01% |
852,811
+30,258
| +4% | +$671K |
|
1967
Legend Biotech
LEGN
$3.7B
| $17.6M | ﹤0.01% |
522,791
+3,317
| +0.6% | +$119K |
|
1968
Planet Labs
PL
$8.14B
| $17.6M | ﹤0.01% |
5,199,021
+259,284
| +5% | +$1.21M |
|
|
PLYM
1969
DELISTED
Plymouth Industrial REIT
PLYM
| $17.4M | ﹤0.01% |
1,066,541
+29,113
| +3% | +$491K |
|
|
UDMY
1970
DELISTED
Udemy
UDMY
| $17.3M | ﹤0.01% |
2,232,052
+67,002
| +3% | +$570K |
|
|
BRSP
1971
BrightSpire Capital
BRSP
$630M
| $17.3M | ﹤0.01% |
3,108,013
+59,306
| +2% | +$346K |
|
1972
Astronics
ATRO
$3.73B
| $17.3M | ﹤0.01% |
857,032
+28,304
| +3% | +$476K |
|
1973
American Express Global Business Travel
GBTG
$4.93B
| $17.2M | ﹤0.01% |
2,363,269
+54,437
| +2% | +$459K |
|
1974
Byline Bancorp
BY
$1.81B
| $17.1M | ﹤0.01% |
655,341
+13,943
| +2% | +$392K |
|
1975
Orion
OEC
$376M
| $17.1M | ﹤0.01% |
1,323,464
+31,132
| +2% | +$440K |
|
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.