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 | |
|---|---|---|---|---|---|---|
2051
Yext
YEXT
$572M
| $15.1M | ﹤0.01% |
2,455,259
+42,940
| +2% | +$278K |
|
2052
Universal Insurance Holdings
UVE
$1.23B
| $15.1M | ﹤0.01% |
637,685
+42,308
| +7% | +$872K |
|
2053
Northeast Bank
NBN
$1.16B
| $15.1M | ﹤0.01% |
165,013
+6,842
| +4% | +$668K |
|
|
SEZL
2054
Sezzle
SEZL
$5.96B
| $15.1M | ﹤0.01% |
432,732
+20,238
| +5% | +$857K |
|
|
TRST
2055
Trustco Bank Corp NY
TRST
$983M
| $15M | ﹤0.01% |
493,189
+50,764
| +11% | +$1.62M |
|
2056
Ethan Allen Interiors
ETD
$608M
| $15M | ﹤0.01% |
541,292
-2,332
| -0.4% | -$66.4K |
|
2057
Dave Inc
DAVE
$5.46B
| $15M | ﹤0.01% |
181,258
+7,736
| +4% | +$725K |
|
2058
Business First Bancshares
BFST
$1.04B
| $15M | ﹤0.01% |
614,925
+7,115
| +1% | +$183K |
|
2059
Kohl's
KSS
$2.28B
| $15M | ﹤0.01% |
1,829,546
+14,997
| +0.8% | +$174K |
|
|
KREF
2060
KKR Real Estate Finance Trust
KREF
$460M
| $14.9M | ﹤0.01% |
1,383,269
+9,584
| +0.7% | +$103K |
|
2061
Alpha and Omega Semiconductor
AOSL
$1.01B
| $14.9M | ﹤0.01% |
598,887
+18,331
| +3% | +$614K |
|
2062
Vir Biotechnology
VIR
$1.55B
| $14.9M | ﹤0.01% |
2,295,031
+98,430
| +4% | +$875K |
|
|
XRN
2063
Chiron Real Estate Inc
XRN
$465M
| $14.9M | ﹤0.01% |
339,568
+9,972
| +3% | +$412K |
|
2064
REX American Resources
REX
$1.46B
| $14.8M | ﹤0.01% |
785,658
+48,382
| +7% | +$971K |
|
2065
Malibu Boats
MBUU
$574M
| $14.7M | ﹤0.01% |
479,725
-5,105
| -1% | -$176K |
|
|
RYZ
2066
Ryerson Holding Corp
RYZ
$1.4B
| $14.7M | ﹤0.01% |
638,892
+23,889
| +4% | +$535K |
|
2067
First Community Bankshares
FCBC
$924M
| $14.7M | ﹤0.01% |
389,111
+13,408
| +4% | +$546K |
|
2068
BlueLinx
BXC
$502M
| $14.7M | ﹤0.01% |
195,527
+5,444
| +3% | +$506K |
|
|
ADAM
2069
Adamas Trust
ADAM
$855M
| $14.6M | ﹤0.01% |
2,252,639
+1,070
| +0% | +$6.81K |
|
|
OS
2070
DELISTED
OneStream Inc
OS
| $14.6M | ﹤0.01% |
682,336
+219,369
| +47% | +$5.63M |
|
2071
Amalgamated Financial
AMAL
$1.49B
| $14.6M | ﹤0.01% |
506,340
+25,494
| +5% | +$834K |
|
2072
Equity Bancshares
EQBK
$1.06B
| $14.5M | ﹤0.01% |
368,695
+52,666
| +17% | +$2.21M |
|
2073
Shenandoah Telecom
SHEN
$742M
| $14.5M | ﹤0.01% |
1,154,915
+32,358
| +3% | +$380K |
|
2074
Elbit Systems
ESLT
$39.8B
| $14.5M | ﹤0.01% |
37,827
-959
| -2% | -$310K |
|
2075
OneSpan
OSPN
$601M
| $14.5M | ﹤0.01% |
951,362
+88,138
| +10% | +$1.57M |
|
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.