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 | |
|---|---|---|---|---|---|---|
2076
Esquire Financial Holdings
ESQ
$1.13B
| $14.5M | ﹤0.01% |
192,252
+6,351
| +3% | +$507K |
|
2077
Cogent Biosciences
COGT
$7.32B
| $14.5M | ﹤0.01% |
2,415,854
+107,345
| +5% | +$842K |
|
2078
Dream Finders Homes
DFH
$1.3B
| $14.4M | ﹤0.01% |
638,897
+14,579
| +2% | +$341K |
|
2079
Washington Trust Bancorp
WASH
$761M
| $14.4M | ﹤0.01% |
466,808
+52,281
| +13% | +$1.66M |
|
2080
Icon
ICLR
$12.1B
| $14.4M | ﹤0.01% |
82,211
-2,127
| -3% | -$412K |
|
2081
ProPetro Holding
PUMP
$1.4B
| $14.4M | ﹤0.01% |
1,955,483
+64,630
| +3% | +$562K |
|
2082
Metropolitan Bank Holding Corp
MCB
$1.17B
| $14.4M | ﹤0.01% |
256,570
+12,239
| +5% | +$727K |
|
2083
CEVA Inc
CEVA
$1.01B
| $14.3M | ﹤0.01% |
558,764
+5,135
| +0.9% | +$165K |
|
2084
First Financial Corp
THFF
$985M
| $14.2M | ﹤0.01% |
290,635
+14,887
| +5% | +$732K |
|
|
AIOT
2085
PowerFleet Inc
AIOT
$576M
| $14.2M | ﹤0.01% |
2,588,474
+195,912
| +8% | +$1.26M |
|
2086
Xerox
XRX
$424M
| $14.2M | ﹤0.01% |
2,933,461
+117,918
| +4% | +$885K |
|
2087
PDF Solutions
PDFS
$2.14B
| $14.1M | ﹤0.01% |
740,060
+4,458
| +0.6% | +$109K |
|
2088
Alamos Gold
AGI
$12B
| $14.1M | ﹤0.01% |
457,381
+48,947
| +12% | +$1.1M |
|
2089
Orthofix Medical
OFIX
$493M
| $14.1M | ﹤0.01% |
865,464
+23,827
| +3% | +$418K |
|
2090
Cipher Digital
CIFR
$8.34B
| $14.1M | ﹤0.01% |
6,133,360
+405,370
| +7% | +$1.84M |
|
|
HTBK
2091
DELISTED
Heritage Commerce
HTBK
| $14.1M | ﹤0.01% |
1,477,939
+51,123
| +4% | +$501K |
|
|
CTO
2092
CTO Realty Growth
CTO
$819M
| $14.1M | ﹤0.01% |
728,483
+48,590
| +7% | +$943K |
|
2093
AdvanSix
ASIX
$546M
| $14.1M | ﹤0.01% |
620,632
+18,329
| +3% | +$510K |
|
2094
FIGS
FIGS
$1.81B
| $14M | ﹤0.01% |
3,059,192
+93,855
| +3% | +$498K |
|
|
UHT
2095
Universal Health Realty Income Trust
UHT
$587M
| $14M | ﹤0.01% |
342,756
+6,341
| +2% | +$249K |
|
2096
TFS Financial
TFSL
$5.22B
| $14M | ﹤0.01% |
1,130,567
+35,086
| +3% | +$449K |
|
2097
Opko Health
OPK
$978M
| $14M | ﹤0.01% |
8,428,840
+43,622
| +0.5% | +$71.8K |
|
|
GLDD
2098
DELISTED
Great Lakes Dredge & Dock
GLDD
| $14M | ﹤0.01% |
1,605,278
+45,456
| +3% | +$453K |
|
2099
Stagwell
STGW
$2.2B
| $14M | ﹤0.01% |
2,308,153
+100,883
| +5% | +$634K |
|
2100
Aurinia Pharmaceuticals
AUPH
$1.92B
| $13.9M | ﹤0.01% |
1,734,300
-30,095
| -2% | -$244K |
|
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.