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 | |
|---|---|---|---|---|---|---|
2026
Praxis Precision Medicines
PRAX
$8.64B
| $15.8M | ﹤0.01% |
418,016
+11,305
| +3% | +$706K |
|
|
AHRT
2027
AH Realty Trust
AHRT
$539M
| $15.8M | ﹤0.01% |
2,106,551
+71,373
| +4% | +$648K |
|
2028
Ceco Environmental
CECO
$4.1B
| $15.8M | ﹤0.01% |
693,830
+2,125
| +0.3% | +$56.6K |
|
|
INVX
2029
Innovex International
INVX
$2.21B
| $15.8M | ﹤0.01% |
877,131
+60,186
| +7% | +$1.02M |
|
2030
Compañía de Minas Buenaventura
BVN
$8.19B
| $15.7M | ﹤0.01% |
1,016,525
+14,084
| +1% | +$189K |
|
2031
argenx
ARGX
$52.8B
| $15.7M | ﹤0.01% |
26,583
-624
| -2% | -$394K |
|
2032
Vitesse Energy
VTS
$654M
| $15.6M | ﹤0.01% |
635,690
+59,265
| +10% | +$1.52M |
|
|
ORC
2033
Orchid Island Capital
ORC
$1.27B
| $15.6M | ﹤0.01% |
2,068,273
+240,794
| +13% | +$1.98M |
|
2034
Ennis
EBF
$565M
| $15.5M | ﹤0.01% |
772,134
+48,702
| +7% | +$1.01M |
|
|
AVNS
2035
DELISTED
Avanos Medical
AVNS
| $15.4M | ﹤0.01% |
1,076,546
+35,436
| +3% | +$553K |
|
|
OLO
2036
DELISTED
Olo Inc
OLO
| $15.4M | ﹤0.01% |
2,552,417
+86,128
| +3% | +$601K |
|
2037
CVR Energy
CVI
$3.35B
| $15.4M | ﹤0.01% |
794,634
+20,387
| +3% | +$398K |
|
2038
Kaspi.kz JSC
KSPI
$17.5B
| $15.4M | ﹤0.01% |
165,950
-1,501
| -0.9% | -$147K |
|
|
ML
2039
DELISTED
MoneyLion Inc.
ML
| $15.4M | ﹤0.01% |
177,829
+8,992
| +5% | +$781K |
|
2040
Porch Group
PRCH
$1.87B
| $15.3M | ﹤0.01% |
2,101,275
+88,570
| +4% | +$480K |
|
2041
Eagle Bancorp
EGBN
$865M
| $15.3M | ﹤0.01% |
728,615
+11,129
| +2% | +$264K |
|
|
INN
2042
Summit Hotel Properties
INN
$747M
| $15.3M | ﹤0.01% |
2,826,966
+100,056
| +4% | +$636K |
|
2043
Constellium
CSTM
$4.02B
| $15.3M | ﹤0.01% |
1,515,125
+33,089
| +2% | +$352K |
|
2044
Sturm, Ruger & Co
RGR
$625M
| $15.3M | ﹤0.01% |
388,899
+7,706
| +2% | +$289K |
|
2045
Compass Diversified
CODI
$836M
| $15.3M | ﹤0.01% |
817,611
+20,252
| +3% | +$418K |
|
|
TTAN
2046
ServiceTitan Inc
TTAN
$8.23B
| $15.2M | ﹤0.01% |
160,127
+97,096
| +154% | +$9.42M |
|
|
IAS
2047
DELISTED
Integral Ad Science
IAS
| $15.2M | ﹤0.01% |
1,888,882
+40,144
| +2% | +$400K |
|
2048
Evolus
EOLS
$403M
| $15.2M | ﹤0.01% |
1,262,041
+47,451
| +4% | +$621K |
|
2049
United Fire Group
UFCS
$1.38B
| $15.2M | ﹤0.01% |
515,277
+14,660
| +3% | +$396K |
|
2050
John B. Sanfilippo & Son
JBSS
$986M
| $15.2M | ﹤0.01% |
213,855
-3,439
| -2% | -$263K |
|
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.