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 | |
|---|---|---|---|---|---|---|
2401
Sierra Bancorp
BSRR
$528M
| $8.39M | ﹤0.01% |
301,038
+4,686
| +2% | +$139K |
|
2402
Nu Skin
NUS
$253M
| $8.38M | ﹤0.01% |
1,153,773
+28,986
| +3% | +$211K |
|
2403
First Business Financial Services
FBIZ
$601M
| $8.37M | ﹤0.01% |
177,564
+5,994
| +3% | +$296K |
|
2404
Ribbon Communications
RBBN
$384M
| $8.37M | ﹤0.01% |
2,133,854
+37,854
| +2% | +$160K |
|
2405
Covenant Logistics
CVLG
$900M
| $8.32M | ﹤0.01% |
374,918
+12,268
| +3% | +$316K |
|
2406
FLEX LNG
FLNG
$1.63B
| $8.3M | ﹤0.01% |
361,229
+641
| +0.2% | +$15.3K |
|
2407
Greenlight Captial
GLRE
$522M
| $8.3M | ﹤0.01% |
612,084
+3,408
| +0.6% | +$46.4K |
|
2408
Luxfer Holdings
LXFR
$458M
| $8.28M | ﹤0.01% |
698,203
+81,771
| +13% | +$1.07M |
|
2409
Xperi
XPER
$378M
| $8.22M | ﹤0.01% |
1,064,886
+18,073
| +2% | +$158K |
|
2410
LSB Industries
LXU
$698M
| $8.22M | ﹤0.01% |
1,246,707
+28,489
| +2% | +$222K |
|
2411
Ryanair
RYAAY
$31.8B
| $8.22M | ﹤0.01% |
193,963
-582,212
| -75% | -$26.6M |
|
2412
Keros Therapeutics
KROS
$198M
| $8.22M | ﹤0.01% |
806,185
+40,749
| +5% | +$473K |
|
2413
GigaCloud Technology
GCT
$1.72B
| $8.22M | ﹤0.01% |
578,390
+3,088
| +0.5% | +$56.3K |
|
|
ITIC
2414
Investors Title Co
ITIC
$546M
| $8.19M | ﹤0.01% |
33,948
+789
| +2% | +$183K |
|
2415
Bank of Marin Bancorp
BMRC
$472M
| $8.18M | ﹤0.01% |
370,510
+12,876
| +4% | +$306K |
|
2416
Lindblad Expeditions
LIND
$2.24B
| $8.17M | ﹤0.01% |
881,206
+27,049
| +3% | +$309K |
|
|
NAGE
2417
Niagen Bioscience
NAGE
$236M
| $8.14M | ﹤0.01% |
1,179,217
+24,439
| +2% | +$154K |
|
2418
Riley Exploration Permian
REPX
$716M
| $8.11M | ﹤0.01% |
278,121
+39,520
| +17% | +$1.27M |
|
|
PSTL
2419
Postal Realty Trust
PSTL
$703M
| $8.1M | ﹤0.01% |
566,859
-4,288
| -0.8% | -$57.6K |
|
2420
Cerence
CRNC
$417M
| $8.09M | ﹤0.01% |
1,023,314
+52,339
| +5% | +$644K |
|
|
AMPS
2421
DELISTED
Altus Power
AMPS
| $8.08M | ﹤0.01% |
1,632,830
+68,090
| +4% | +$309K |
|
2422
Talkspace
TALK
$874M
| $8.06M | ﹤0.01% |
3,146,671
+69,310
| +2% | +$216K |
|
2423
Relay Therapeutics
RLAY
$4.29B
| $8.05M | ﹤0.01% |
3,070,118
+39,961
| +1% | +$157K |
|
2424
Spok Holdings
SPOK
$235M
| $8.03M | ﹤0.01% |
488,370
-26,057
| -5% | -$424K |
|
2425
Mativ Holdings
MATV
$527M
| $8.01M | ﹤0.01% |
1,284,808
+36,908
| +3% | +$301K |
|
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.