GEODE CAPITAL MANAGEMENT, LLC

BOSTON, MA · CIK 1214717 · 13F filing filed 2025-08-08

SEC-registered investment adviser since 2002 · limited liability company

Assets managed$1.7tn
Staff194 · 37 in investment roles
Main clients (by assets)Mutual funds and ETFs 95%, Private funds 5%
Form ADV · 2026-03-31SEC adviser record

Legal entityGeode Capital Management, LLC (US)

Kindmutual funds, futures
Others nearbyBoston, MA

As an employer

Offices in1 country

US visa salary filings

Filings FY2024–20259
Median salary offered$136,427
Middle half$112,986 – $147,846
Job titles9

Job title	Filings	Median	Range
Director, Backend EngineeringBoston, MA	1	$157,643	$157,643 – $210,000
Lead Data EngineerBoston, MA	1	$157,643	$157,643 – $175,000
Principal Frontend Engineer/DeveloperBoston, MA	1	$147,846	$147,846 – $190,000
Business AnalystBoston, MA	1	$144,040	$144,040 – $175,000
Senior Performance Attribution AnalystBoston, MA	1	$136,427	$136,427 – $190,652
Product ManagerBoston, MA	1	$135,304	$135,304 – $157,643
Senior Quality Assurance EngineerBoston, MA	1	$112,986	$112,986 – $157,643
Software Support Engineer/DeveloperBoston, MA	1	$112,986	$112,986 – $157,643
Quality Test EngineerBoston, MA	1	$98,072	$98,072 – $147,846

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Geode Capital Management LLC.

$1.4tn reported value +12.2% vs Q1 2025

4,444positions

31.6%in top 10

169 new 2,762 added 1,404 reduced 200 sold out vs Q1 2025

This report includes the holdings of 1 other manager that shares the investment decisions:

GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC – reports through this filing

Also in the report of:

Waldron Private Wealth LLC

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	579,213,497	$91.2bn6.39%	6.39%	Added +8.5m	+8,521,936 1.5%
2	MICROSOFT CORP COM MSFT	MSFT	179,001,751	$88.7bn6.22%	6.22%	Added +3.5m	+3,532,054 2.0%
3	APPLE INC COM AAPL	AAPL	354,749,794	$72.5bn5.08%	5.08%	Added +4.9m	+4,942,638 1.4%
4	AMAZON COM INC COM AMZN	AMZN	216,717,657	$47.3bn3.32%	3.32%	Added +3.7m	+3,721,658 1.8%
5	META PLATFORMS INC CL A META	META	51,575,209	$37.9bn2.66%	2.66%	Added +682.8k	+682,768 1.3%
6	BROADCOM INC COM AVGO	AVGO	108,610,718	$29.8bn2.09%	2.09%	Added +2.2m	+2,226,585 2.1%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	141,615,284	$24.9bn1.74%	1.74%	Added +4.2m	+4,224,497 3.1%
8	TESLA INC COM TSLA	TSLA	64,767,993	$20.5bn1.44%	1.44%	Added +1.3m	+1,269,304 2.0%
9	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	39,898,489	$19.3bn1.35%	1.35%	Added +531.1k	+531,094 1.4%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	107,760,033	$19.0bn1.33%	1.33%	Added +441.2k	+441,177 0.4%
11	JPMORGAN CHASE & CO COM JPM	JPM	61,129,271	$17.6bn1.24%	1.24%	Added +300.2k	+300,160 0.5%
12	VISA INC COM CL A V	V	43,096,802	$15.3bn1.07%	1.07%	Added +1.1m	+1,067,631 2.5%
13	ELI LILLY & CO COM LLY	LLY	18,128,627	$14.1bn0.99%	0.99%	Reduced -397.6k	-397,622 -2.1%
14	NETFLIX INC COM NFLX	NFLX	9,926,733	$13.2bn0.93%	0.93%	Added +229.2k	+229,182 2.4%
15	MASTERCARD INCORPORATED CL A MA	MA	19,760,552	$11.1bn0.78%	0.78%	Added +542.8k	+542,841 2.8%
16	EXXON MOBIL CORP COM XOM	XOM	96,307,931	$10.3bn0.73%	0.73%	Added +343.0k	+342,967 0.4%
17	COSTCO WHSL CORP NEW COM COST	COST	10,275,056	$10.1bn0.71%	0.71%	Added +150.8k	+150,844 1.5%
18	PROCTER AND GAMBLE CO COM PG	PG	59,415,933	$9.4bn0.66%	0.66%	Added +1.1m	+1,060,713 1.8%
19	JOHNSON & JOHNSON COM JNJ	JNJ	60,609,476	$9.2bn0.65%	0.65%	Added +1.2m	+1,225,676 2.1%
20	WALMART INC COM WMT	WMT	94,557,532	$9.2bn0.64%	0.64%	Added +263.7k	+263,718 0.3%
21	HOME DEPOT INC COM HD	HD	22,978,809	$8.4bn0.59%	0.59%	Added +327.7k	+327,674 1.4%
22	ORACLE CORP COM ORCL	ORCL	36,323,077	$7.9bn0.55%	0.55%	Reduced -1.3m	-1,259,641 -3.4%
23	ABBVIE INC COM ABBV	ABBV	39,178,351	$7.2bn0.51%	0.51%	Added +924.8k	+924,761 2.4%
24	BANK AMERICA CORP COM BAC	BAC	148,176,755	$7.0bn0.49%	0.49%	Added +403.7k	+403,652 0.3%
25	CISCO SYS INC COM CSCO	CSCO	99,252,395	$6.9bn0.48%	0.48%	Added +1.2m	+1,157,704 1.2%
26	PHILIP MORRIS INTL INC COM PM	PM	37,181,107	$6.8bn0.47%	0.47%	Added +673.0k	+672,983 1.8%
27	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	49,704,870	$6.7bn0.47%	0.47%	Reduced -5.7m	-5,723,603 -10.3%
28	UNITEDHEALTH GROUP INC COM UNH	UNH	21,312,182	$6.6bn0.46%	0.46%	Added +675.1k	+675,075 3.3%
29	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	21,936,235	$6.4bn0.45%	0.45%	Added +400.1k	+400,131 1.9%
30	COCA COLA CO COM KO	KO	88,901,595	$6.3bn0.44%	0.44%	Reduced -7.0m	-7,035,996 -7.3%
31	GE AEROSPACE COM NEW GE	GE	24,113,967	$6.2bn0.43%	0.43%	Added +724.6k	+724,559 3.1%
32	WELLS FARGO CO NEW COM WFC	WFC	73,662,001	$5.9bn0.41%	0.41%	Added +130.4k	+130,407 0.2%
33	SALESFORCE INC COM CRM	CRM	20,873,900	$5.7bn0.40%	0.40%	Added +114.5k	+114,504 0.6%
34	LINDE PLC SHS LIN	LIN	11,260,826	$5.3bn0.37%	0.37%	Reduced -17.6k	-17,605 -0.2%
35	CHEVRON CORP NEW COM CVX	CVX	36,839,930	$5.3bn0.37%	0.37%	Reduced -510.5k	-510,474 -1.4%
36	ABBOTT LABS COM ABT	ABT	38,293,067	$5.2bn0.36%	0.36%	Added +1.4m	+1,390,554 3.8%
37	ADVANCED MICRO DEVICES INC COM AMD	AMD	36,690,685	$5.2bn0.36%	0.36%	Added +514.4k	+514,445 1.4%
38	INTUIT COM INTU	INTU	6,423,636	$5.0bn0.35%	0.35%	Added +115.7k	+115,721 1.8%
39	AT&T INC COM T	T	172,039,872	$5.0bn0.35%	0.35%	Added +2.1m	+2,066,026 1.2%
40	BOOKING HOLDINGS INC COM BKNG	BKNG	854,838	$4.9bn0.35%	0.35%	Added +9.3k	+9,333 1.1%
41	DISNEY WALT CO COM DIS	DIS	39,992,231	$4.9bn0.35%	0.35%	Added +458.1k	+458,077 1.2%
42	MCDONALDS CORP COM MCD	MCD	16,828,420	$4.9bn0.34%	0.34%	Added +276.1k	+276,065 1.7%
43	GOLDMAN SACHS GROUP INC COM GS	GS	6,667,956	$4.7bn0.33%	0.33%	Reduced -67.5k	-67,497 -1.0%
44	SERVICENOW INC COM NOW	NOW	4,574,563	$4.7bn0.33%	0.33%	Added +88.1k	+88,057 2.0%
45	MERCK & CO INC COM MRK	MRK	58,952,681	$4.7bn0.33%	0.33%	Reduced -704.6k	-704,589 -1.2%
46	TEXAS INSTRS INC COM TXN	TXN	22,224,770	$4.6bn0.32%	0.32%	Added +279.8k	+279,755 1.3%
47	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	8,188,685	$4.4bn0.31%	0.31%	Added +109.9k	+109,904 1.4%
48	VERIZON COMMUNICATIONS INC COM VZ	VZ	100,326,792	$4.3bn0.30%	0.30%	Added +1.1m	+1,101,504 1.1%
49	PEPSICO INC COM PEP	PEP	32,675,492	$4.3bn0.30%	0.30%	Added +86.7k	+86,695 0.3%
50	AMERICAN EXPRESS CO COM AXP	AXP	13,487,316	$4.3bn0.30%	0.30%	Added +1.3m	+1,349,746 11.1%
51	ADOBE INC COM ADBE	ADBE	11,084,826	$4.3bn0.30%	0.30%	Added +21.8k	+21,778 0.2%
52	UBER TECHNOLOGIES INC COM UBER	UBER	45,859,136	$4.3bn0.30%	0.30%	Added +1.2m	+1,168,288 2.6%
53	RTX CORPORATION COM RTX	RTX	29,130,311	$4.2bn0.30%	0.30%	Added +388.2k	+388,242 1.4%
54	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	14,042,843	$4.2bn0.29%	0.29%	Added +147.9k	+147,931 1.1%
55	PROGRESSIVE CORP COM PGR	PGR	15,513,188	$4.1bn0.29%	0.29%	Added +301.4k	+301,371 2.0%
56	QUALCOMM INC COM QCOM	QCOM	25,726,574	$4.1bn0.29%	0.29%	Reduced -3.0m	-2,953,700 -10.3%
57	CATERPILLAR INC COM CAT	CAT	10,467,024	$4.1bn0.28%	0.28%	Reduced -49.6k	-49,594 -0.5%
58	APPLIED MATLS INC COM AMAT	AMAT	21,026,363	$3.8bn0.27%	0.27%	Added +407.3k	+407,282 2.0%
59	MORGAN STANLEY COM NEW MS	MS	26,633,092	$3.7bn0.26%	0.26%	Reduced -29.3k	-29,297 -0.1%
60	CITIGROUP INC COM NEW C	C	42,957,190	$3.6bn0.26%	0.26%	Added +411.9k	+411,894 1.0%
61	AMGEN INC COM AMGN	AMGN	13,018,617	$3.6bn0.25%	0.25%	Added +291.3k	+291,271 2.3%
62	HONEYWELL INTL INC COM COM		15,431,173	$3.6bn0.25%	0.25%	Reduced -79.0k	-79,009 -0.5%
63	S&P GLOBAL INC COM SPGI	SPGI	6,793,282	$3.6bn0.25%	0.25%	Added +42.7k	+42,724 0.6%
64	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	11,388,935	$3.5bn0.25%	0.25%	Added +345.8k	+345,798 3.1%
65	BOSTON SCIENTIFIC CORP COM BSX	BSX	32,424,982	$3.5bn0.24%	0.24%	Added +622.6k	+622,602 2.0%
66	UNION PAC CORP COM UNP	UNP	14,991,104	$3.4bn0.24%	0.24%	Reduced -53.5k	-53,535 -0.4%
67	BOEING CO COM BA	BA	16,316,838	$3.4bn0.24%	0.24%	Added +432.0k	+432,026 2.7%
68	SCHWAB CHARLES CORP COM SCHW	SCHW	37,381,183	$3.4bn0.24%	0.24%	Added +1.0m	+1,038,376 2.9%
69	BLACKROCK INC COM BLK	BLK	3,143,429	$3.3bn0.23%	0.23%	Added +34.0k	+34,049 1.1%
70	LAM RESEARCH CORP COM NEW LRCX	LRCX	33,802,736	$3.3bn0.23%	0.23%	Added +1.1m	+1,135,405 3.5%
71	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	8,114,787	$3.3bn0.23%	0.23%	Reduced -12.4k	-12,399 -0.1%
72	GILEAD SCIENCES INC COM GILD	GILD	29,207,662	$3.2bn0.23%	0.23%	Added +727.5k	+727,515 2.5%
73	GE VERNOVA INC COM GEV	GEV	6,108,484	$3.2bn0.23%	0.23%	Added +129.3k	+129,315 2.2%
74	TJX COS INC NEW COM TJX	TJX	26,070,916	$3.2bn0.22%	0.22%	Added +301.1k	+301,127 1.2%
75	NEXTERA ENERGY INC COM NEE	NEE	45,724,229	$3.2bn0.22%	0.22%	Added +527.0k	+526,996 1.2%
76	MICRON TECHNOLOGY INC COM MU	MU	25,690,491	$3.2bn0.22%	0.22%	Added +314.5k	+314,489 1.2%
77	KLA CORP COM NEW KLAC	KLAC	3,479,042	$3.1bn0.22%	0.22%	Added +115.8k	+115,802 3.4%
78	PALO ALTO NETWORKS INC COM PANW	PANW	15,174,029	$3.1bn0.22%	0.22%	Added +169.1k	+169,055 1.1%
79	COMCAST CORP NEW CL A CMCSA	CMCSA	86,965,748	$3.1bn0.22%	0.22%	Reduced -300.6k	-300,570 -0.3%
80	PFIZER INC COM PFE	PFE	127,471,481	$3.1bn0.22%	0.22%	Added +1.8m	+1,820,634 1.4%
81	EATON CORP PLC SHS ETN	ETN	8,560,505	$3.0bn0.21%	0.21%	Added +65.1k	+65,070 0.8%
82	CAPITAL ONE FINL CORP COM COF	COF	14,008,841	$3.0bn0.21%	0.21%	Added +5.5m	+5,474,328 64.1%
83	STRYKER CORPORATION COM SYK	SYK	7,393,611	$2.9bn0.20%	0.20%	Added +79.7k	+79,654 1.1%
84	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	5,728,167	$2.9bn0.20%	0.20%	Added +273.9k	+273,922 5.0%
85	AMERICAN TOWER CORP NEW COM AMT	AMT	13,104,853	$2.9bn0.20%	0.20%	Reduced -123.5k	-123,453 -0.9%
86	T-MOBILE US INC COM TMUS	TMUS	11,963,612	$2.8bn0.20%	0.20%	Reduced -90.2k	-90,216 -0.8%
87	DEERE & CO COM DE	DE	5,541,778	$2.8bn0.20%	0.20%	Added +111.6k	+111,627 2.1%
88	AMPHENOL CORP CL A APH	APH	28,513,760	$2.8bn0.20%	0.20%	Added +2.2m	+2,217,079 8.4%
89	ANALOG DEVICES INC COM ADI	ADI	11,687,660	$2.8bn0.19%	0.19%	Added +633.4k	+633,425 5.7%
90	MARSH & MCLENNAN COS INC COM MRSH	MRSH	12,684,210	$2.8bn0.19%	0.19%	Added +196.5k	+196,475 1.6%
91	LOWES COS INC COM LOW	LOW	12,351,783	$2.7bn0.19%	0.19%	Added +42.2k	+42,190 0.3%
92	DANAHER CORPORATION COM DHR	DHR	13,726,194	$2.7bn0.19%	0.19%	Added +81.7k	+81,670 0.6%
93	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	5,928,747	$2.6bn0.18%	0.18%	Added +167.0k	+166,987 2.9%
94	ALTRIA GROUP INC COM MO	MO	44,724,475	$2.6bn0.18%	0.18%	Added +764.2k	+764,221 1.7%
95	ARISTA NETWORKS INC COM SHS ANET	ANET	25,576,483	$2.6bn0.18%	0.18%	Added +129.0k	+128,977 0.5%
96	CHUBB LIMITED COM CB	CB	8,810,780	$2.5bn0.18%	0.18%	Added +30.7k	+30,721 0.3%
97	CME GROUP INC COM CME	CME	9,178,681	$2.5bn0.18%	0.18%	Added +319.9k	+319,899 3.6%
98	CONOCOPHILLIPS COM COP	COP	27,968,333	$2.5bn0.18%	0.18%	Reduced -49.3k	-49,293 -0.2%
99	BLACKSTONE INC COM BX	BX	16,542,863	$2.5bn0.17%	0.17%	Added +227.4k	+227,416 1.4%
100	MEDTRONIC PLC SHS MDT	MDT	28,227,006	$2.4bn0.17%	0.17%	Added +310.7k	+310,684 1.1%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
DISCOVER FINL SVCS DFS	DFS	6,395,805	$1.1bn6.4m shares
INTRA-CELLULAR THERAPIES INC ITCI	ITCI	1,831,951	$241.7m1.8m shares
BARRICK GOLD CORP		12,018,914	$240.1m12.0m shares
BEACON ROOFING SUPPLY INC BECN	BECN	1,474,760	$182.5m1.5m shares
UNITED STATES STL CORP NEW X	X	3,896,530	$164.7m3.9m shares
ROCKET LAB USA INC		8,527,477	$152.5m8.5m shares
BERRY GLOBAL GROUP INC BERY	BERY	2,028,768	$141.7m2.0m shares
H & E EQUIPMENT SERVICES INC HEES	HEES	764,887	$72.5m764.9k shares
PATTERSON COS INC PDCO	PDCO	1,925,041	$60.2m1.9m shares
NORDSTROM INC JWN	JWN	1,704,224	$41.7m1.7m shares
PAYCOR HCM INC		1,505,825	$33.8m1.5m shares
SANDY SPRING BANCORP INC SASR	SASR	1,053,531	$29.1m1.1m shares
EASTERLY GOVT PPTYS INC		2,630,856	$27.9m2.6m shares
AIR TRANSPORT SERVICES GRP I ATSG	ATSG	1,241,247	$27.9m1.2m shares
SOLARWINDS CORP SWI	SWI	1,326,471	$24.5m1.3m shares
FIRST BANCSHARES INC MS FBMS	FBMS	673,397	$22.7m673.4k shares
SMART GLOBAL HLDGS INC		1,270,180	$22.1m1.3m shares
PACTIV EVERGREEN INC PTVE	PTVE	1,095,990	$19.7m1.1m shares
LIONS GATE ENTMNT CORP		2,474,383	$19.6m2.5m shares
DESPEGAR COM CORP DESP	DESP	865,084	$16.3m865.1k shares
PLAYA HOTELS & RESORTS NV PLYA	PLYA	1,198,944	$16.0m1.2m shares
LIONS GATE ENTMNT CORP LGF	LGF	1,789,977	$15.8m1.8m shares
MONEYLION INC		177,829	$15.4m177.8k shares
PARAGON 28 INC FNA	FNA	1,006,426	$13.1m1.0m shares
ACCOLADE INC ACCD	ACCD	1,813,032	$12.7m1.8m shares