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 | |
|---|---|---|---|---|---|---|
176
Yum! Brands
YUM
$41.9B
| $1.26B | 0.1% |
7,997,996
+393,364
| +5% | +$56.7M |
|
177
CSX Corp
CSX
$94B
| $1.26B | 0.1% |
42,887,311
+1,253,978
| +3% | +$39.8M |
|
178
Cencora
COR
$62B
| $1.25B | 0.1% |
4,503,380
+177,316
| +4% | +$44.5M |
|
179
Exelon
EXC
$48.1B
| $1.24B | 0.1% |
27,026,691
+712,395
| +3% | +$29.8M |
|
180
Digital Realty Trust
DLR
$69.6B
| $1.24B | 0.1% |
8,654,239
+126,590
| +1% | +$20.6M |
|
181
Public Storage
PSA
$61.5B
| $1.22B | 0.1% |
4,105,111
+95,067
| +2% | +$28.4M |
|
182
W.W. Grainger
GWW
$64.2B
| $1.22B | 0.1% |
1,237,192
+42,445
| +4% | +$43.9M |
|
183
Marriott International
MAR
$100B
| $1.22B | 0.1% |
5,120,741
+94,212
| +2% | +$25.6M |
|
184
Newmont
NEM
$96.2B
| $1.21B | 0.1% |
25,149,819
+452,040
| +2% | +$19.8M |
|
185
Freeport-McMoran
FCX
$86.2B
| $1.2B | 0.09% |
31,844,336
+2,265,038
| +8% | +$86.7M |
|
186
FedEx
FDX
$73B
| $1.2B | 0.09% |
4,919,220
+120,423
| +3% | +$31.2M |
|
187
PACCAR
PCAR
$70.5B
| $1.2B | 0.09% |
12,295,821
+53,533
| +0.4% | +$5.65M |
|
188
Strategy Inc
MSTR
$34.1B
| $1.19B | 0.09% |
4,135,889
+1,088,264
| +36% | +$346M |
|
189
Verisk Analytics
VRSK
$27.9B
| $1.19B | 0.09% |
3,978,082
+166,519
| +4% | +$48M |
|
190
Applovin
APP
$134B
| $1.18B | 0.09% |
4,448,196
-71,249
| -2% | -$24.6M |
|
191
Airbnb
ABNB
$90.8B
| $1.17B | 0.09% |
9,796,635
+324,076
| +3% | +$43.4M |
|
192
Targa Resources
TRGP
$56.8B
| $1.16B | 0.09% |
5,761,288
-169,185
| -3% | -$33.6M |
|
193
Kenvue
KVUE
$38B
| $1.16B | 0.09% |
48,396,934
+2,328,003
| +5% | +$51.5M |
|
194
American International
AIG
$42.5B
| $1.15B | 0.09% |
13,258,740
+41,908
| +0.3% | +$3.26M |
|
195
Truist Financial
TFC
$63.9B
| $1.15B | 0.09% |
28,116,394
+140,703
| +0.5% | +$6.27M |
|
196
Kroger
KR
$36.7B
| $1.15B | 0.09% |
17,059,615
+622,927
| +4% | +$39.5M |
|
197
Republic Services
RSG
$67.4B
| $1.13B | 0.09% |
4,677,384
+112,247
| +2% | +$25.2M |
|
198
Johnson Controls International
JCI
$85.1B
| $1.13B | 0.09% |
14,164,933
+346,156
| +3% | +$28.5M |
|
199
Norfolk Southern
NSC
$75.4B
| $1.13B | 0.09% |
4,785,713
+91,140
| +2% | +$22.2M |
|
200
Kimberly-Clark
KMB
$37.6B
| $1.12B | 0.09% |
7,890,272
-583,187
| -7% | -$78.6M |
|
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.