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 |
SPCX
SpaceX
SPCX
|
+$2.3B |
| 2 |
HONA
Honeywell Aerospace
HONA
|
+$1.81B |
| 3 |
Marvell Technology
MRVL
|
+$1.71B |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$1.11B |
| 5 |
Coca-Cola
KO
|
+$1.03B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$1.79B |
| 2 |
SNDK
Sandisk
SNDK
|
+$887M |
| 3 |
CTRA
Coterra Energy
CTRA
|
+$762M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$651M |
| 5 |
Vertiv
VRT
|
+$587M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.8% |
| 2 | Financials | 12.23% |
| 3 | Industrials | 9.61% |
| 4 | Healthcare | 9.36% |
| 5 | Consumer Discretionary | 9.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Upwork
UPWK
$1.1B
| $27.2M | ﹤0.01% |
3,253,955
+110,675
| +4% | +$1.05M |
|
1977
Tandem Diabetes Care
TNDM
$1.38B
| $27.2M | ﹤0.01% |
1,800,797
+120,934
| +7% | +$2.11M |
|
|
VOYG
1978
Voyager Technologies
VOYG
$2.07B
| $27.2M | ﹤0.01% |
842,350
+105,101
| +14% | +$3.64M |
|
1979
Arbor Realty Trust
ABR
$979M
| $27.1M | ﹤0.01% |
5,001,558
+285,083
| +6% | +$1.85M |
|
|
GRDN
1980
Guardian Pharmacy Services
GRDN
$2.58B
| $27.1M | ﹤0.01% |
646,695
+87,660
| +16% | +$3.39M |
|
1981
Marten Transport
MRTN
$1.18B
| $27M | ﹤0.01% |
1,554,058
+86,004
| +6% | +$1.37M |
|
1982
Concentrix
CNXC
$1.96B
| $26.9M | ﹤0.01% |
1,202,479
+287,444
| +31% | +$7.5M |
|
|
WSR
1983
DELISTED
Whitestone REIT
WSR
| $26.9M | ﹤0.01% |
1,419,392
+220,671
| +18% | +$4.15M |
|
|
CSR
1984
Centerspace
CSR
$888M
| $26.8M | ﹤0.01% |
476,745
+27,487
| +6% | +$1.73M |
|
1985
Horizon Bancorp
HBNC
$1.02B
| $26.8M | ﹤0.01% |
1,340,734
+51,524
| +4% | +$948K |
|
1986
Mercantile Bank Corp
MBWM
$1.07B
| $26.8M | ﹤0.01% |
466,410
+31,398
| +7% | +$1.66M |
|
1987
Liberty Latin America Class C
LILAK
$1.66B
| $26.7M | ﹤0.01% |
3,422,121
-198,727
| -5% | -$1.44M |
|
1988
Donnelley Financial Solutions
DFIN
$1.25B
| $26.6M | ﹤0.01% |
633,806
+7,389
| +1% | +$322K |
|
1989
Business First Bancshares
BFST
$1.04B
| $26.5M | ﹤0.01% |
863,416
+53,412
| +7% | +$1.51M |
|
|
KLAR
1990
Klarna Group
KLAR
$5.46B
| $26.5M | ﹤0.01% |
313,989
+72,329
| +30% | +$1.14M |
|
1991
US Physical Therapy
USPH
$1.18B
| $26.5M | ﹤0.01% |
385,726
+19,771
| +5% | +$1.34M |
|
|
XXI
1992
Twenty One Capital Inc
XXI
$3.43B
| $26.5M | ﹤0.01% |
4,065,861
+14,027
| +0.3% | +$98.4K |
|
1993
Coastal Financial
CCB
$769M
| $26.4M | ﹤0.01% |
341,127
+21,602
| +7% | +$1.62M |
|
1994
Scholastic
SCHL
$673M
| $26.4M | ﹤0.01% |
574,612
-45,065
| -7% | -$1.85M |
|
1995
United Parks & Resorts
PRKS
$1.83B
| $26.3M | ﹤0.01% |
551,246
-102,234
| -16% | -$3.97M |
|
|
FSUN
1996
FirstSun Capital Bancorp
FSUN
$1.8B
| $26.3M | ﹤0.01% |
676,961
+366,994
| +118% | +$13.4M |
|
1997
Compass Minerals
CMP
$1.06B
| $26.2M | ﹤0.01% |
841,419
+56,275
| +7% | +$1.59M |
|
1998
Oil-Dri
ODC
$1.27B
| $26.2M | ﹤0.01% |
256,177
+12,622
| +5% | +$1.01M |
|
|
NP
1999
Neptune Insurance Holdings
NP
$4.56B
| $26.2M | ﹤0.01% |
830,768
+629,231
| +312% | +$17.1M |
|
2000
McEwen Inc
MUX
$1.23B
| $26M | ﹤0.01% |
1,435,094
+832,050
| +138% | +$18M |
|
Similar funds
Geode Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Geode Capital Management held 4,628 positions worth $1.88T, up 17% from $1.61T the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Geode Capital Management's Q2 2026 filing shows 115 new, 3,002 increased, 1,183 reduced and 181 closed positions. Its largest new stake was SpaceX: 13,529,026 shares worth $2.31B. The largest sale was Honeywell, an estimated $1.79B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 31% a quarter earlier, followed by Financials and Industrials.
- Geode Capital Management's largest Q2 2026 buy was SpaceX: 13,529,026 shares worth $2.31B.
- Geode Capital Management added most to Marvell Technology in Q2 2026, an estimated $1.71B increase.
- Geode Capital Management's biggest Q2 2026 reduction was Honeywell, cutting an estimated $1.79B.
- Geode Capital Management fully exited Coterra Energy in Q2 2026, selling an estimated $762M.
- Geode Capital Management's ten largest holdings make up 31% of its $1.88T portfolio in Q2 2026.
- Geode Capital Management opened 115 new positions and closed 181 in Q2 2026.
- Geode Capital Management's portfolio value rose 17% quarter-over-quarter to $1.88T.
Based on Geode Capital Management's 13F filing for Q2 2026, filed 12 Aug 2026.