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 | |
|---|---|---|---|---|---|---|
2351
American Public Education
APEI
$987M
| $9.06M | ﹤0.01% |
405,775
+5,160
| +1% | +$112K |
|
2352
Birkenstock
BIRK
$6.89B
| $9.05M | ﹤0.01% |
197,426
+8,465
| +4% | +$446K |
|
2353
Nuvation Bio
NUVB
$2.22B
| $9.03M | ﹤0.01% |
5,130,604
+179,409
| +4% | +$408K |
|
|
CLDT
2354
Chatham Lodging
CLDT
$625M
| $9.02M | ﹤0.01% |
1,264,671
+35,003
| +3% | +$290K |
|
2355
Ascendis Pharma A/S
ASND
$16B
| $9.02M | ﹤0.01% |
57,851
+774
| +1% | +$111K |
|
2356
Evolv Technologies
EVLV
$1.08B
| $9.02M | ﹤0.01% |
2,889,110
+32,937
| +1% | +$116K |
|
2357
ACNB Corp
ACNB
$663M
| $8.99M | ﹤0.01% |
218,332
+27,636
| +14% | +$1.12M |
|
2358
FRP Holdings
FRPH
$420M
| $8.98M | ﹤0.01% |
314,364
+7,698
| +3% | +$231K |
|
2359
UWM Holdings
UWMC
$624M
| $8.94M | ﹤0.01% |
1,637,018
+94,769
| +6% | +$576K |
|
2360
Energy Fuels
UUUU
$3.11B
| $8.92M | ﹤0.01% |
2,390,034
+59,845
| +3% | +$287K |
|
2361
Claros Mortgage Trust
CMTG
$240M
| $8.92M | ﹤0.01% |
2,389,668
+58,773
| +3% | +$202K |
|
2362
nLIGHT
LASR
$4.24B
| $8.92M | ﹤0.01% |
1,147,043
+46,139
| +4% | +$464K |
|
2363
Clear Channel Outdoor Holdings
CCO
$1.23B
| $8.87M | ﹤0.01% |
7,985,681
+136,490
| +2% | +$180K |
|
|
TDAY
2364
USA Today Co
TDAY
$1.27B
| $8.86M | ﹤0.01% |
3,066,455
+43,796
| +1% | +$183K |
|
2365
Nabors Industries
NBR
$1.16B
| $8.86M | ﹤0.01% |
212,323
+6,600
| +3% | +$336K |
|
2366
Mitek Systems
MITK
$774M
| $8.85M | ﹤0.01% |
1,072,513
+15,201
| +1% | +$148K |
|
|
BBUC
2367
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.33B
| $8.83M | ﹤0.01% |
331,857
+15,430
| +5% | +$392K |
|
2368
CorMedix
CRMD
$581M
| $8.83M | ﹤0.01% |
1,432,919
+40,099
| +3% | +$415K |
|
2369
Tejon Ranch
TRC
$444M
| $8.81M | ﹤0.01% |
555,811
+18,445
| +3% | +$293K |
|
2370
The Honest Company
HNST
$424M
| $8.8M | ﹤0.01% |
1,872,727
+46,567
| +3% | +$267K |
|
2371
NVE Corp
NVEC
$613M
| $8.75M | ﹤0.01% |
137,317
-1,963
| -1% | -$141K |
|
2372
Rayonier Advanced Materials
RYAM
$652M
| $8.74M | ﹤0.01% |
1,519,237
+29,182
| +2% | +$205K |
|
2373
Kearny Financial
KRNY
$609M
| $8.73M | ﹤0.01% |
1,394,077
+39,100
| +3% | +$268K |
|
2374
Gray Television
GTN
$447M
| $8.72M | ﹤0.01% |
2,017,290
+45,407
| +2% | +$179K |
|
2375
SandRidge Energy
SD
$487M
| $8.7M | ﹤0.01% |
761,605
+32,169
| +4% | +$382K |
|
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.