13F filer · CIK 1214717 ↗
Geode Capital Management, LLC
You are looking at Q1 2025. See the latest, Q2 2026 →
Reported value
$1.27T
−1.4% on the quarter before
Positions
4,475
159 new · 154 sold out
Top 10
28.9%
of the value
Est. gain
−$63.96B
on stocks held all quarter
Est. return
−5.0%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, from Geode Capital Management, LLC's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 40% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Microsoft~$2.75BAdded · 5.5% → 5.2%+7,341,673 shares
- Apple~$2.14BAdded · 6.6% → 6.1%+9,642,243 shares
- Nvidia~$1.64BAdded · 5.8% → 4.8%+15,143,283 shares
- Amazon~$1.53BAdded · 3.5% → 3.2%+8,065,573 shares
- Meta~$983.2MAdded · 2.2% → 2.3%+1,711,314 shares
- Eli Lilly~$941.4MAdded · 1.0% → 1.2%+1,143,403 shares
- Alphabet~$840.2MAdded · 1.9% → 1.7%+5,449,267 shares
- Berkshire Hathaway Inc-Cl B~$747.2MAdded · 1.3% → 1.6%+1,406,277 shares
- Broadcom~$697.6MAdded · 1.8% → 1.4%+4,177,013 shares
- Tesla~$642.4MAdded · 1.9% → 1.3%+2,487,085 shares
Largest sells
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Altair Engineering Inc - A~$152.1MSold out · 0.0% → 0.0%−1,394,124 shares
- Summit Materials Inc -Cl A~$140.7MSold out · 0.0% → 0.0%−2,779,130 shares
- Merck & Co. Inc.~$136.6MCut · 0.5% → 0.4%−1,524,593 shares
- Transdigm Group Inc~$133.4MCut · 0.1% → 0.1%−96,832 shares
- Arcadium Lithium Plc~$131.9MSold out · 0.0% → 0.0%−25,705,356 shares
- Aspen Technology Inc~$130.7MSold out · 0.0% → 0.0%−522,033 shares
- Smartsheet Inc-Class A~$126.1MSold out · 0.0% → 0.0%−2,249,238 shares
- Hashicorp Inc-Cl A~$88.5MSold out · 0.0% → 0.0%−2,585,092 shares
- Kimberly-Clark Corp~$83.1MCut · 0.1% → 0.1%−583,187 shares
- Edwards Lifesciences Corp~$70.1MCut · 0.1% → 0.1%−970,480 shares
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +2.8% · price −11.3% | 6.1% | $77.49B | −$9.64B | ||||||||
| MicrosoftCOM · shares +4.4% · price −11.0% | 5.2% | $65.70B | −$7.77B | ||||||||
| NvidiaCOM · shares +2.7% · price −19.3% | 4.8% | $61.68B | −$14.39B | ||||||||
| AmazonCOM · shares +3.9% · price −13.3% | 3.2% | $40.39B | −$5.98B | ||||||||
| MetaCL A · shares +3.5% · price −1.6% | 2.3% | $29.24B | −$464.2M | ||||||||
| AlphabetCAP STK CL A · shares +4.1% · price −18.3% | 1.7% | $21.18B | −$4.57B | ||||||||
| Berkshire Hathaway Inc-Cl BCL B NEW · shares +3.7% · price +17.4% | 1.6% | $20.92B | +$2.99B | ||||||||
| BroadcomCOM · shares +4.1% · price −27.8% | 1.4% | $17.77B | −$6.58B | ||||||||
| AlphabetCAP STK CL C · shares +2.4% · price −18.0% | 1.3% | $16.71B | −$3.58B | ||||||||
| TeslaCOM · shares +4.1% · price −35.9% | 1.3% | $16.40B | −$8.81B | ||||||||
| Eli LillyCOM · shares +6.6% · price +6.9% | 1.2% | $15.25B | +$922.0M | ||||||||
| Jpmorgan Chase & CoCOM · shares +2.7% · price +2.3% | 1.2% | $14.87B | +$319.4M | ||||||||
| Visa Inc.COM CL A · shares +4.2% · price +10.8% | 1.2% | $14.69B | +$1.38B | ||||||||
| Exxon Mobil CorpCOM · shares +2.9% · price +10.4% | 0.90% | $11.39B | +$1.05B | ||||||||
| Unitedhealth Group IncCOM · shares +3.4% · price +3.5% | 0.85% | $10.78B | +$357.2M | ||||||||
| MastercardCL A · shares +3.0% · price +4.0% | 0.83% | $10.50B | +$395.4M | ||||||||
| Procter & Gamble Co/TheCOM · shares +3.3% · price +1.6% | 0.78% | $9.93B | +$154.1M | ||||||||
| Johnson & JohnsonCOM · shares +3.0% · price +14.7% | 0.77% | $9.83B | +$1.22B | ||||||||
| Costco Wholesale CorpCOM · shares +4.0% · price +3.2% | 0.75% | $9.55B | +$282.3M | ||||||||
| NetflixCOM · shares +4.0% · price +4.6% | 0.71% | $9.01B | +$378.1M | ||||||||
| Home Depot IncCOM · shares +3.2% · price −5.8% | 0.65% | $8.28B | −$497.3M | ||||||||
| Walmart IncCOM · shares +4.0% · price −2.9% | 0.65% | $8.25B | −$235.4M | ||||||||
| Abbvie IncCOM · shares +3.0% · price +17.8% | 0.63% | $7.99B | +$1.17B | ||||||||
| Coca-Cola Co/TheCOM · shares +5.3% · price +14.9% | 0.54% | $6.86B | +$845.5M | ||||||||
| Chevron CorpCOM · shares +3.0% · price +15.3% | 0.49% | $6.23B | +$801.9M | ||||||||
| Total · 4,475 positions | 100% | $1.27T | −$63.96B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q4 2024 to Q1 2025: 4,313 stocks held throughout, down $63.96B (−5.0%).
- Berkshire Hathaway Inc-Cl B+$2.99B+17%
- Visa Inc.+$1.38B+11%
- Philip Morris International+$1.36B+32%
- Johnson & Johnson+$1.22B+15%
- Abbvie Inc+$1.17B+18%
- Broadcom−$6.58B−28%
- Microsoft−$7.77B−11%
- Tesla−$8.81B−36%
- Apple−$9.64B−11%
- Nvidia−$14.39B−19%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 15 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 12, 2026 | $1.88T+17% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $1.61T−1% | SEC ↗ |
| Q4 2025 | Feb 9, 2026 | $1.62T+3% | SEC ↗ |
| Q3 2025 | Nov 12, 2025 | $1.57T+10% | SEC ↗ |
| Q2 2025 | Aug 8, 2025 | $1.43T+12% | SEC ↗ |
| Q1 2025 | May 13, 2025 | $1.27T−1% | SEC ↗ |
| Q4 2024 | Feb 12, 2025 | $1.29T+5% | SEC ↗ |
| Q3 2024 | Nov 12, 2024 | $1.23T+8% | SEC ↗ |
| Q2 2024 | Aug 9, 2024 | $1.14T+5% | SEC ↗ |
| Q1 2024 | May 13, 2024 | $1.08T+13% | SEC ↗ |
| Q4 2023 | Feb 13, 2024 | $955.85B+14% | SEC ↗ |
| Q3 2023 | Nov 13, 2023 | $839.58B−1% | SEC ↗ |
| Q2 2023 | Aug 11, 2023 | $850.99B+11% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $770.08B+8% | SEC ↗ |
| Q4 2022 | Feb 13, 2023 | $712.57B+8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $659.25B−3% | SEC ↗ |
| Q2 2022 | Aug 12, 2022 | $682.64B−15% | SEC ↗ |
| Q1 2022 | May 13, 2022 | $801.12B−4% | SEC ↗ |
| Q4 2021 | Feb 11, 2022 | $830.26B+12% | SEC ↗ |
| Q3 2021 | Nov 12, 2021 | $742.82B+2% | SEC ↗ |
| Q2 2021 | Aug 13, 2021 | $725.80B+11% | SEC ↗ |
| Q1 2021 | May 12, 2021 | $653.80B+10% | SEC ↗ |
| Q4 2020 | Feb 12, 2021 | $595.80B+17% | SEC ↗ |
| Q3 2020 | Nov 13, 2020 | $510.36B+9% | SEC ↗ |
| Q2 2020 | Aug 13, 2020 | $467.44B+22% | SEC ↗ |
| Q1 2020 | May 14, 2020 | $383.70B−60% | SEC ↗ |
| Q4 2019 | Feb 13, 2020 (amended) | $956.78B+123% | SEC ↗ |
| Q3 2019 | Nov 12, 2019 | $428.50B+4% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $413.26B+7% | SEC ↗ |
| Q1 2019 | May 14, 2019 | $385.96B−40% | SEC ↗ |
| Q4 2018 | Feb 13, 2019 (amended) | $646.86B+82% | SEC ↗ |
| Q3 2018 | Nov 13, 2018 | $354.88B+9% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $325.29B+6% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $306.93B+4% | SEC ↗ |
| Q4 2017 | Feb 13, 2018 | $294.47B+9% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $270.92B+7% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $254.31B+4% | SEC ↗ |
| Q1 2017 | Jun 21, 2017 (amended) | $243.78B+13% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $215.04B+8% | SEC ↗ |
| Q3 2016 | Nov 10, 2016 | $198.58B+8% | SEC ↗ |
| Q2 2016 | Aug 12, 2016 | $183.87B−2% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $188.44B | SEC ↗ |