GEODE CAPITAL MANAGEMENT, LLC
Long book
$1.61T
Q1 2026
Positions
4511
Top-10 weight
31%
concentration
Last quarter
+15.1%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsGEODE CAPITAL MANAGEMENT, LLC is an index provider — its holdings mirror index composition mechanically, running a $1.61T US long book across 4511 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.4%
Q2 2024
+6.3%
Q3 2024
+2.4%
Q4 2024
-4.6%
Q1 2025
+10.9%
Q2 2025
+8.2%
Q3 2025
+2.3%
Q4 2025
-3.8%
Q1 2026
+15.1%
Sector allocation
Technology 38%
Financials 12%
Industrials 11%
Consumer discretionary 9%
Healthcare 8%
Services media 5%
Utilities 4%
Energy 3%
Long book by quarter
What does GEODE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 601.3M | $104.56B | 6.5% | +2.1% |
| AAPL APPLE INC | Technology | 368.6M | $93.30B | 5.8% | +3.0% |
| MSFT MICROSOFT CORP | Technology | 188.5M | $69.60B | 4.3% | +3.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 233.2M | $48.42B | 3.0% | +3.6% |
| GOOGL ALPHABET INC-CL A | Technology | 151.9M | $43.55B | 2.7% | +3.9% |
| AVGO BROADCOM INC | Technology | 114.3M | $35.28B | 2.2% | +2.7% |
| GOOG ALPHABET INC-CL C | Technology | 111.7M | $31.89B | 2.0% | +3.3% |
| META META PLATFORMS INC-CLASS A | Technology | 54.2M | $30.88B | 1.9% | +2.6% |
| TSLA TESLA INC | Industrials | 68.0M | $25.18B | 1.6% | +3.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 41.2M | $19.68B | 1.2% | +2.8% |
| LLY ELI LILLY & CO | Healthcare | 20.2M | $18.51B | 1.2% | +1.9% |
| JPM JPMORGAN CHASE & CO | Financials | 62.6M | $18.34B | 1.1% | +2.1% |
| XOM EXXON MOBIL CORP | Energy | 95.5M | $16.13B | 1.0% | -0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 59.2M | $14.42B | 0.9% | +2.1% |
| V VISA INC-CLASS A SHARES | Services media | 44.9M | $13.54B | 0.8% | +1.9% |
| WMT WALMART INC | Consumer discretionary | 105.9M | $13.10B | 0.8% | +2.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 10.7M | $10.58B | 0.7% | +2.6% |
| MA MASTERCARD INC - A | Services media | 21.1M | $10.50B | 0.7% | +1.9% |
| ABBV ABBVIE INC | Healthcare | 46.7M | $10.14B | 0.6% | +4.7% |
| NFLX NETFLIX INC | Services media | 103.5M | $9.92B | 0.6% | +3.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 64.4M | $9.30B | 0.6% | +2.8% |
| MU MICRON TECHNOLOGY INC | Technology | 27.4M | $9.24B | 0.6% | +5.5% |
| CVX CHEVRON CORP | Energy | 43.7M | $9.00B | 0.6% | +0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 24.9M | $8.19B | 0.5% | +5.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 55.9M | $8.15B | 0.5% | +3.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 39.8M | $8.08B | 0.5% | +5.9% |
| CSCO CISCO SYSTEMS INC | Technology | 102.1M | $7.91B | 0.5% | +2.5% |
| CAT CATERPILLAR INC | Industrials | 11.1M | $7.89B | 0.5% | +4.9% |
| BAC BANK OF AMERICA CORP | Financials | 157.9M | $7.67B | 0.5% | +2.2% |
| LRCX LAM RESEARCH CORP | Industrials | 35.2M | $7.50B | 0.5% | +4.2% |
| AMAT APPLIED MATERIALS INC | Technology | 21.9M | $7.48B | 0.5% | +17.8% |
| GE GENERAL ELECTRIC | Industrials | 25.4M | $7.19B | 0.4% | +2.4% |
| MRK MERCK & CO. INC. | Healthcare | 59.6M | $7.14B | 0.4% | -0.8% |
| KO COCA-COLA CO/THE | Consumer staples | 93.0M | $7.05B | 0.4% | +3.3% |
| RTX RTX CORP | Industrials | 33.2M | $6.40B | 0.4% | +9.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 38.5M | $6.36B | 0.4% | +2.9% |
| UNH UNITEDHEALTH GROUP INC | Financials | 22.8M | $6.14B | 0.4% | +4.5% |
| GS GOLDMAN SACHS GROUP INC | Financials | 7.1M | $6.01B | 0.4% | +5.8% |
| LIN LINDE PLC | Materials | 11.8M | $5.87B | 0.4% | +4.2% |
| WFC WELLS FARGO & CO | Financials | 73.8M | $5.86B | 0.4% | +2.0% |
| ORCL ORACLE CORP | Technology | 38.9M | $5.70B | 0.4% | +3.2% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 23.1M | $5.58B | 0.3% | +2.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 18.0M | $5.57B | 0.3% | +5.4% |
| GEV GE VERNOVA INC | Industrials | 6.4M | $5.56B | 0.3% | +2.2% |
| AMGN AMGEN INC | Healthcare | 15.4M | $5.41B | 0.3% | +7.9% |
| KLAC KLA CORP | Other | 3.7M | $5.40B | 0.3% | +4.6% |
| PEP PEPSICO INC | Consumer staples | 34.6M | $5.37B | 0.3% | +3.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 106.2M | $5.31B | 0.3% | +3.5% |
| T AT&T INC | Communications | 175.0M | $5.06B | 0.3% | +2.3% |
| INTC INTEL CORP | Technology | 109.5M | $4.82B | 0.3% | +7.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 8577 | $1.61T | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 8528 | $1.62T | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 8534 | $1.57T | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 8497 | $1.43T | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 8518 | $1.27T | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 8578 | $1.29T | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 8616 | $1.23T | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 8747 | $1.14T | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 4609 | $1.08T | canonical | SEC ↗ |
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