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 | |
|---|---|---|---|---|---|---|
2176
Fortrea Holdings
FTRE
$1.81B
| $12M | ﹤0.01% |
1,582,305
+87,804
| +6% | +$1.24M |
|
2177
Plains All American Pipeline
PAA
$16.4B
| $11.9M | ﹤0.01% |
597,059
+85
| +0% | +$1.68K |
|
2178
Miller Industries
MLR
$585M
| $11.9M | ﹤0.01% |
281,557
+13,920
| +5% | +$809K |
|
2179
Atlanta Braves Holdings Series A
BATRA
$3.31B
| $11.9M | ﹤0.01% |
271,304
-6,549
| -2% | -$279K |
|
2180
Kura Oncology
KURA
$815M
| $11.9M | ﹤0.01% |
1,802,559
+20,515
| +1% | +$160K |
|
|
ALX
2181
Alexander's
ALX
$1.41B
| $11.9M | ﹤0.01% |
56,863
-1,069
| -2% | -$216K |
|
2182
Hovnanian Enterprises
HOV
$815M
| $11.9M | ﹤0.01% |
113,565
+2,070
| +2% | +$250K |
|
2183
Invesco Mortgage Capital
IVR
$760M
| $11.9M | ﹤0.01% |
1,506,916
+155,253
| +11% | +$1.31M |
|
2184
JELD-WEN Holding
JELD
$155M
| $11.9M | ﹤0.01% |
1,991,430
+80,832
| +4% | +$600K |
|
|
SNCY
2185
DELISTED
Sun Country Airlines
SNCY
| $11.8M | ﹤0.01% |
961,200
+44,807
| +5% | +$694K |
|
2186
Great Southern Bancorp
GSBC
$891M
| $11.8M | ﹤0.01% |
213,781
+9,943
| +5% | +$581K |
|
2187
MetroCity Bankshares
MCBS
$1.03B
| $11.8M | ﹤0.01% |
429,164
+14,813
| +4% | +$444K |
|
|
MTSR
2188
DELISTED
Metsera Inc
MTSR
| $11.8M | ﹤0.01% |
+434,647
| New | +$12.3M |
|
2189
Capital City Bank Group
CCBG
$901M
| $11.8M | ﹤0.01% |
328,133
+8,716
| +3% | +$316K |
|
|
SVC
2190
Service Properties Trust
SVC
$1.03B
| $11.8M | ﹤0.01% |
902,443
-10,199
| -1% | -$138K |
|
2191
N-able
NABL
$931M
| $11.8M | ﹤0.01% |
1,659,111
+63,827
| +4% | +$568K |
|
2192
Columbus McKinnon
CMCO
$618M
| $11.8M | ﹤0.01% |
694,689
+13,732
| +2% | +$357K |
|
2193
Insteel Industries
IIIN
$631M
| $11.8M | ﹤0.01% |
446,942
+13,570
| +3% | +$377K |
|
2194
Arm
ARM
$296B
| $11.7M | ﹤0.01% |
110,018
+1,487
| +1% | +$207K |
|
2195
FTAI Infrastructure
FIP
$404M
| $11.7M | ﹤0.01% |
2,589,993
+90,132
| +4% | +$563K |
|
2196
Immunome
IMNM
$2.83B
| $11.7M | ﹤0.01% |
1,743,057
+514,206
| +42% | +$4.93M |
|
2197
Phibro Animal Health
PAHC
$1.44B
| $11.7M | ﹤0.01% |
547,086
+31,107
| +6% | +$695K |
|
2198
National CineMedia
NCMI
$386M
| $11.6M | ﹤0.01% |
1,982,048
+56,173
| +3% | +$360K |
|
2199
Build-A-Bear
BBW
$435M
| $11.6M | ﹤0.01% |
311,260
+33,584
| +12% | +$1.34M |
|
|
CVGW
2200
DELISTED
Calavo Growers
CVGW
| $11.5M | ﹤0.01% |
479,918
+86,082
| +22% | +$2.02M |
|
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.