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 | |
|---|---|---|---|---|---|---|
|
DHC
2101
Diversified Healthcare Trust
DHC
$2.22B
| $13.9M | ﹤0.01% |
5,802,487
+105,974
| +2% | +$261K |
|
2102
Gogo Inc
GOGO
$609M
| $13.9M | ﹤0.01% |
1,613,891
+114,481
| +8% | +$895K |
|
|
NPKI
2103
NPK International
NPKI
$1.15B
| $13.9M | ﹤0.01% |
2,392,784
+459,356
| +24% | +$3.05M |
|
|
VTLE
2104
DELISTED
Vital Energy
VTLE
| $13.9M | ﹤0.01% |
654,552
+16,683
| +3% | +$483K |
|
2105
Genco Shipping & Trading
GNK
$1.14B
| $13.9M | ﹤0.01% |
1,038,344
+47,987
| +5% | +$680K |
|
2106
Beazer Homes USA
BZH
$937M
| $13.8M | ﹤0.01% |
677,355
+27,025
| +4% | +$648K |
|
2107
Tiptree Inc
TIPT
$661M
| $13.8M | ﹤0.01% |
573,287
+17,454
| +3% | +$371K |
|
2108
GCM Grosvenor
GCMG
$804M
| $13.8M | ﹤0.01% |
1,043,585
+38,501
| +4% | +$515K |
|
2109
Republic Bancorp
RBCAA
$1.97B
| $13.7M | ﹤0.01% |
214,830
-812
| -0.4% | -$53.8K |
|
2110
Colliers International
CIGI
$5.13B
| $13.6M | ﹤0.01% |
99,973
+30,976
| +45% | +$4.06M |
|
2111
Caleres
CAL
$482M
| $13.6M | ﹤0.01% |
787,817
-1,519
| -0.2% | -$27.3K |
|
2112
Shoals Technologies Group
SHLS
$1.5B
| $13.5M | ﹤0.01% |
4,066,722
+95,826
| +2% | +$398K |
|
2113
SI-BONE Inc
SIBN
$804M
| $13.5M | ﹤0.01% |
962,087
+28,196
| +3% | +$455K |
|
|
GOGL
2114
DELISTED
Golden Ocean Group
GOGL
| $13.5M | ﹤0.01% |
1,689,709
+26,375
| +2% | +$234K |
|
2115
Sinclair Inc
SBGI
$999M
| $13.4M | ﹤0.01% |
842,412
+16,996
| +2% | +$257K |
|
2116
Orrstown Financial Services
ORRF
$850M
| $13.3M | ﹤0.01% |
444,152
+11,924
| +3% | +$399K |
|
2117
Cass Information Systems
CASS
$732M
| $13.3M | ﹤0.01% |
307,843
-9,449
| -3% | -$401K |
|
2118
Dr. Reddy's Laboratories
RDY
$10.1B
| $13.3M | ﹤0.01% |
1,009,638
-167,191
| -14% | -$2.31M |
|
2119
Rocket Pharmaceuticals
RCKT
$381M
| $13.3M | ﹤0.01% |
1,994,044
+241,069
| +14% | +$2.38M |
|
2120
Teekay Tankers
TNK
$2.6B
| $13.3M | ﹤0.01% |
347,557
+26,592
| +8% | +$1.08M |
|
2121
Garrett Motion
GTX
$5.89B
| $13.3M | ﹤0.01% |
1,587,821
+35,794
| +2% | +$332K |
|
2122
SFL Corp
SFL
$1.59B
| $13.3M | ﹤0.01% |
1,617,894
+46,464
| +3% | +$449K |
|
2123
Sanofi
SNY
$103B
| $13.3M | ﹤0.01% |
238,984
-18,671
| -7% | -$1.01M |
|
2124
B&G Foods
BGS
$287M
| $13.2M | ﹤0.01% |
1,926,651
+117,597
| +7% | +$785K |
|
2125
IMAX
IMAX
$2.79B
| $13.2M | ﹤0.01% |
502,318
+4,183
| +0.8% | +$104K |
|
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.