1y return+18.2%S&P 500 +20.9%
3y return+61.6%S&P 500 +68.5%
5y return+60.6%S&P 500 +74.5%
10y return+225.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $326 against $357 in the S&P 500.2
Geode Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corp | $121.0B | 6.5% | |
| AAPLApple Inc | $107.2B | 5.7% | |
| MSFTMicrosoft Corp | $70.6B | 3.8% | |
| AMZNAmazon.com Inc | $55.4B | 3.0% | |
| GOOGLAlphabet Inc-cl A | $53.5B | 2.9% | −1.2% |
| AVGOBroadcom Inc | $43.9B | 2.3% | +1.8% |
| GOOGAlphabet Inc-cl C | $40.4B | 2.2% | +2.8% |
| MUMicron Technology Inc | $31.9B | 1.7% | |
| METAMeta Platforms Inc-class A | $30.8B | 1.6% | +1.4% |
| TSLATesla Inc | $28.9B | 1.5% | +1.3% |
| LLYEli Lilly & Co | $24.3B | 1.3% | |
| AMDAdvanced Micro Devices | $22.9B | 1.2% | |
| BRK/BBerkshire Hathaway Inc-cl B | $20.7B | 1.1% | |
| JPMJpmorgan Chase & Co | $20.1B | 1.1% | −1.3% |
| AMATApplied Materials Inc | $15.9B | 0.8% | |
| VVisa Inc-class A Shares | $15.5B | 0.8% | |
| INTCIntel Corp | $15.4B | 0.8% | |
| JNJJohnson & Johnson | $15.0B | 0.8% | |
| LRCXLam Research Corp | $14.9B | 0.8% | −1.9% |
| Exxon Mobil CorpCUSIP 30231G102 | $13.4B | 0.7% | +3.1% |
| WMTWalmart Inc | $12.0B | 0.6% | |
| CATCaterpillar Inc | $11.9B | 0.6% | |
| CSCOCisco Systems Inc | $11.8B | 0.6% | −1.1% |
| ABBVAbbvie Inc | $11.8B | 0.6% | |
| MAMastercard Inc - A | $11.0B | 0.6% | +2.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corp | June 30, 2020 | +2006.7% | $121.0B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $43.9B |
| AMATApplied Materials Inc | June 30, 2020 | +1096.1% | $15.9B |
| AMDAdvanced Micro Devices | June 30, 2020 | +1004.1% | $22.9B |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $11.9B |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $24.3B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $7.4B |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $14.9B |
| GOOGLAlphabet Inc-cl A | June 30, 2020 | +404.0% | $53.5B |
| GOOGAlphabet Inc-cl C | June 30, 2020 | +399.9% | $40.4B |
Sold off last quarter
- Honeywell International IncCUSIP 438516106 was $3.7B
- Carnival CorpCUSIP 143658300 was $847.8M
- CTRACoterra Energy Inc was $761.9M
- Dupont De Nemours IncCUSIP 26614N102 was $507.7M
- Hologic IncCUSIP 436440101 was $456.3M
- Thomson Reuters CorpCUSIP 884903808 was $203.0M
- Masimo CorpCUSIP 574795100 was $170.2M
- Clearwater Analytics Hds-aCUSIP 185123106 was $160.9M
- Air Lease CorpCUSIP 00912X302 was $141.8M
- Amicus Therapeutics IncCUSIP 03152W109 was $123.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.2% | +14.8% |
| March 31, 2026 | −4.2% | −4.6% |
| December 31, 2025 | +2.0% | +2.4% |
| September 30, 2025 | +7.8% | +7.8% |
| June 30, 2025 | +10.5% | +10.5% |
| March 31, 2025 | −4.9% | −4.6% |
| December 31, 2024 | +2.0% | +2.1% |
| September 30, 2024 | +5.9% | +5.4% |
| June 30, 2024 | +2.7% | +4.0% |
| March 31, 2024 | +9.4% | +10.0% |
| December 31, 2023 | +11.4% | +11.2% |
| September 30, 2023 | −3.7% | −3.6% |
| June 30, 2023 | +7.8% | +8.3% |
| March 31, 2023 | +6.7% | +7.0% |
| December 31, 2022 | +6.8% | +7.1% |
| September 30, 2022 | −5.1% | −5.3% |
| June 30, 2022 | −16.8% | −16.5% |
| March 31, 2022 | −5.5% | −4.9% |
| December 31, 2021 | +9.0% | +10.7% |
| September 30, 2021 | −0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Geode Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1214717&type=13F-HR&dateb=&owner=include&count=40CIK 1214717
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1214717/000121471726000008/Filed August 12, 2026 · accession 0001214717-26-000008