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 | |
|---|---|---|---|---|---|---|
2001
Southside Bancshares
SBSI
$979M
| $26M | ﹤0.01% |
737,957
+16,543
| +2% | +$548K |
|
|
PMT
2002
PennyMac Mortgage Investment
PMT
$841M
| $25.9M | ﹤0.01% |
2,298,199
+84,851
| +4% | +$935K |
|
|
JBGS
2003
JBG SMITH
JBGS
$685M
| $25.9M | ﹤0.01% |
1,764,201
+78,470
| +5% | +$1.16M |
|
2004
CONMED
CNMD
$1.48B
| $25.9M | ﹤0.01% |
790,138
+47,531
| +6% | +$1.71M |
|
|
PPTA
2005
Perpetua Resources
PPTA
$3.14B
| $25.9M | ﹤0.01% |
1,245,544
+111,907
| +10% | +$3.04M |
|
2006
Northeast Bank
NBN
$1.14B
| $25.8M | ﹤0.01% |
194,951
+11,275
| +6% | +$1.39M |
|
2007
Apogee Enterprises
APOG
$834M
| $25.8M | ﹤0.01% |
563,990
+24,201
| +4% | +$904K |
|
|
PURR
2008
Hyperliquid Strategies Inc
PURR
$2.41B
| $25.7M | ﹤0.01% |
3,269,643
+1,798,514
| +122% | +$13.3M |
|
|
MFA
2009
MFA Financial
MFA
$905M
| $25.7M | ﹤0.01% |
2,647,014
+73,404
| +3% | +$712K |
|
|
MAZE
2010
Maze Therapeutics
MAZE
$1.46B
| $25.6M | ﹤0.01% |
858,054
+258,087
| +43% | +$6.76M |
|
2011
Genco Shipping & Trading
GNK
$1.21B
| $25.5M | ﹤0.01% |
1,030,385
+174,419
| +20% | +$4.21M |
|
2012
BrightView Holdings
BV
$1.05B
| $25.5M | ﹤0.01% |
1,797,397
+84,543
| +5% | +$1.06M |
|
2013
Grocery Outlet
GO
$1.23B
| $25.2M | ﹤0.01% |
2,525,886
+104,430
| +4% | +$860K |
|
|
NTSK
2014
Netskope Inc
NTSK
$5.7B
| $25.2M | ﹤0.01% |
2,301,207
+1,292,007
| +128% | +$13.2M |
|
|
DMRA
2015
Damora Therapeutics
DMRA
$1.86B
| $25.1M | ﹤0.01% |
965,364
+724,238
| +300% | +$17.5M |
|
|
MWH
2016
SOLV Energy Inc
MWH
$5.11B
| $25.1M | ﹤0.01% |
737,119
+412,486
| +127% | +$15M |
|
2017
Artivion
AORT
$1.25B
| $25M | ﹤0.01% |
1,114,297
-18,206
| -2% | -$509K |
|
2018
indie Semiconductor
INDI
$761M
| $25M | ﹤0.01% |
5,572,599
+471,986
| +9% | +$1.88M |
|
2019
F&G Annuities & Life
FG
$3.28B
| $25M | ﹤0.01% |
939,465
+35,165
| +4% | +$962K |
|
|
KLRA
2020
Kailera Therapeutics
KLRA
$2.1B
| $25M | ﹤0.01% |
+1,133,115
| New | +$24.9M |
|
2021
Unusual Machines
UMAC
$1.19B
| $24.9M | ﹤0.01% |
1,116,936
+747,073
| +202% | +$13.8M |
|
|
INIO
2022
INNIO N.V.
INIO
$15.6B
| $24.9M | ﹤0.01% |
+628,605
| New | +$22.4M |
|
2023
Brown-Forman Class A
BF.A
$12.4B
| $24.8M | ﹤0.01% |
907,216
+135,242
| +18% | +$3.72M |
|
2024
Employers Holdings
EIG
$892M
| $24.7M | ﹤0.01% |
489,915
-65,150
| -12% | -$2.86M |
|
2025
Amalgamated Financial
AMAL
$1.47B
| $24.6M | ﹤0.01% |
536,595
-34,495
| -6% | -$1.45M |
|
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.