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 | |
|---|---|---|---|---|---|---|
2301
Ouster
OUST
$3.04B
| $9.84M | ﹤0.01% |
1,095,035
+72,761
| +7% | +$718K |
|
|
PLGO
2302
Pelagos Insurance Capital
PLGO
$2.18B
| $9.83M | ﹤0.01% |
606,750
-8,825
| -1% | -$141K |
|
2303
Clearwater Paper
CLW
$367M
| $9.82M | ﹤0.01% |
386,786
-190
| -0% | -$5.3K |
|
|
ETWO
2304
DELISTED
E2open Parent Holdings
ETWO
| $9.8M | ﹤0.01% |
4,898,746
+194,865
| +4% | +$484K |
|
|
LAND
2305
Gladstone Land Corp
LAND
$354M
| $9.8M | ﹤0.01% |
931,047
+25,469
| +3% | +$279K |
|
|
KE
2306
Kimball Electronics
KE
$644M
| $9.79M | ﹤0.01% |
595,271
+16,637
| +3% | +$294K |
|
|
DFTX
2307
Definium Therapeutics
DFTX
$5.89B
| $9.75M | ﹤0.01% |
1,666,791
-56,297
| -3% | -$403K |
|
2308
Peoples Financial Services
PFIS
$716M
| $9.74M | ﹤0.01% |
219,015
+7,726
| +4% | +$378K |
|
|
SHOE
2309
Shoe Station Group
SHOE
$424M
| $9.71M | ﹤0.01% |
441,649
-12,683
| -3% | -$321K |
|
2310
Quantum Computing Inc
QUBT
$2B
| $9.71M | ﹤0.01% |
1,213,597
+451,009
| +59% | +$3.97M |
|
2311
Aspen Aerogels
ASPN
$415M
| $9.69M | ﹤0.01% |
1,515,775
+51,612
| +4% | +$498K |
|
2312
ZipRecruiter
ZIP
$346M
| $9.68M | ﹤0.01% |
1,643,659
-5,012
| -0.3% | -$33.4K |
|
2313
Hingham Institution for Saving
HIFS
$666M
| $9.67M | ﹤0.01% |
40,663
+556
| +1% | +$139K |
|
2314
Shore Bancshares
SHBI
$814M
| $9.67M | ﹤0.01% |
713,920
+10,564
| +2% | +$159K |
|
2315
Akebia Therapeutics
AKBA
$346M
| $9.66M | ﹤0.01% |
5,030,740
+235,645
| +5% | +$481K |
|
|
SFD
2316
Smithfield Foods
SFD
$9.93B
| $9.65M | ﹤0.01% |
+473,402
| New | +$9.68M |
|
2317
B2Gold
BTG
$5.46B
| $9.63M | ﹤0.01% |
2,632,509
+365,414
| +16% | +$981K |
|
2318
Infosys
INFY
$50.5B
| $9.61M | ﹤0.01% |
526,431
-189,841
| -27% | -$3.94M |
|
2319
PACS Group
PACS
$7.22B
| $9.6M | ﹤0.01% |
854,081
+34,054
| +4% | +$447K |
|
|
OSG
2320
Octave Specialty Group
OSG
$256M
| $9.58M | ﹤0.01% |
1,094,946
+48,436
| +5% | +$510K |
|
|
HONE
2321
DELISTED
HarborOne Bancorp
HONE
| $9.54M | ﹤0.01% |
920,124
+16,641
| +2% | +$190K |
|
2322
Ameresco
AMRC
$1.36B
| $9.51M | ﹤0.01% |
787,210
+28,258
| +4% | +$512K |
|
2323
TETRA Technologies
TTI
$1.25B
| $9.48M | ﹤0.01% |
2,819,894
+78,090
| +3% | +$311K |
|
2324
NWPX Infrastructure Inc
NWPX
$1.2B
| $9.47M | ﹤0.01% |
229,289
+5,256
| +2% | +$244K |
|
2325
Simulations Plus
SLP
$371M
| $9.46M | ﹤0.01% |
385,848
-14,763
| -4% | -$447K |
|
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 122 new positions and adding to 3,780 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 122 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.