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 |
Applovin
APP
|
+$1.56B |
| 2 |
Amazon
AMZN
|
+$1.34B |
| 3 |
Eli Lilly
LLY
|
+$1.26B |
| 4 |
NVIDIA
NVDA
|
+$1.08B |
| 5 |
Chevron
CVX
|
+$1.03B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$964M |
| 2 |
ANSS
Ansys
ANSS
|
+$924M |
| 3 |
Johnson & Johnson
JNJ
|
+$753M |
| 4 |
JNPR
Juniper Networks
JNPR
|
+$418M |
| 5 |
American Express
AXP
|
+$253M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.52% |
| 2 | Financials | 13.57% |
| 3 | Consumer Discretionary | 10.61% |
| 4 | Communication Services | 9.71% |
| 5 | Healthcare | 9.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
Butterfly Network
BFLY
$2.36B
| $8.89M | ﹤0.01% |
4,603,877
+264,515
| +6% | +$449K |
|
2477
Richtech Robotics
RR
$385M
| $8.87M | ﹤0.01% |
2,067,250
+603,642
| +41% | +$1.59M |
|
|
MAGN
2478
Magnera Corp
MAGN
$443M
| $8.86M | ﹤0.01% |
755,760
-27,653
| -4% | -$343K |
|
|
OSG
2479
Octave Specialty Group
OSG
$210M
| $8.85M | ﹤0.01% |
1,060,594
-62,022
| -6% | -$524K |
|
2480
Pacific Biosciences
PACB
$357M
| $8.84M | ﹤0.01% |
6,906,655
+187,776
| +3% | +$254K |
|
2481
Home Bancorp
HBCP
$567M
| $8.83M | ﹤0.01% |
162,463
-2,206
| -1% | -$121K |
|
2482
Xerox
XRX
$412M
| $8.81M | ﹤0.01% |
2,343,865
-544,550
| -19% | -$2.41M |
|
|
LAND
2483
Gladstone Land Corp
LAND
$358M
| $8.78M | ﹤0.01% |
958,808
+15,510
| +2% | +$147K |
|
2484
Ribbon Communications
RBBN
$372M
| $8.78M | ﹤0.01% |
2,310,451
+7,195
| +0.3% | +$28.3K |
|
2485
MediaAlpha
MAX
$813M
| $8.76M | ﹤0.01% |
769,774
+5,072
| +0.7% | +$56K |
|
2486
ProPetro Holding
PUMP
$1.42B
| $8.76M | ﹤0.01% |
1,671,074
-211,855
| -11% | -$1.12M |
|
2487
Civista Bancshares
CIVB
$595M
| $8.74M | ﹤0.01% |
430,437
+63,094
| +17% | +$1.33M |
|
2488
Dakota Gold
DC
$841M
| $8.74M | ﹤0.01% |
1,920,626
+70,354
| +4% | +$296K |
|
2489
Mama's Creations
MAMA
$826M
| $8.73M | ﹤0.01% |
830,088
+8,994
| +1% | +$81.5K |
|
2490
National CineMedia
NCMI
$252M
| $8.72M | ﹤0.01% |
1,932,952
-180
| -0% | -$840 |
|
2491
Cricut
CRCT
$1.23B
| $8.72M | ﹤0.01% |
1,385,417
-10,108
| -0.7% | -$59.2K |
|
2492
Titan International
TWI
$438M
| $8.71M | ﹤0.01% |
1,151,558
+412
| +0% | +$3.68K |
|
2493
Evolus
EOLS
$536M
| $8.7M | ﹤0.01% |
1,417,192
+185,351
| +15% | +$1.45M |
|
2494
Personalis
PSNL
$1.54B
| $8.7M | ﹤0.01% |
1,333,541
-32,057
| -2% | -$182K |
|
2495
Marcus Corp
MCS
$914M
| $8.68M | ﹤0.01% |
559,437
-4,435
| -0.8% | -$71.1K |
|
2496
ARKO Corp
ARKO
$500M
| $8.67M | ﹤0.01% |
1,895,761
+75,016
| +4% | +$354K |
|
2497
Park Aerospace
PKE
$828M
| $8.64M | ﹤0.01% |
424,467
-14,727
| -3% | -$267K |
|
|
RHLD
2498
Resolute Holdings Management
RHLD
$1.08B
| $8.62M | ﹤0.01% |
119,415
+23,560
| +25% | +$1.27M |
|
2499
Claros Mortgage Trust
CMTG
$262M
| $8.61M | ﹤0.01% |
2,592,559
+127,299
| +5% | +$429K |
|
|
HTFL
2500
Heartflow Inc
HTFL
$2.67B
| $8.61M | ﹤0.01% |
+255,669
| New | +$8.22M |
|
Similar funds
Geode Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Geode Capital Management held 4,592 positions worth $1.57T, up 9.9% from $1.43T the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Geode Capital Management's Q3 2025 filing shows 148 new, 2,907 increased, 1,130 reduced and 119 closed positions. Its largest new stake was Paramount Skydance Corp: 8,343,504 shares worth $158M. The largest sale was Hess, an estimated $964M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 32% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q3 2025 buy was Paramount Skydance Corp: 8,343,504 shares worth $158M.
- Geode Capital Management added most to Applovin in Q3 2025, an estimated $1.56B increase.
- Geode Capital Management's biggest Q3 2025 reduction was Johnson & Johnson, cutting an estimated $753M.
- Geode Capital Management fully exited Hess in Q3 2025, selling an estimated $964M.
- Geode Capital Management's ten largest holdings make up 34% of its $1.57T portfolio in Q3 2025.
- Geode Capital Management opened 148 new positions and closed 119 in Q3 2025.
- Geode Capital Management's portfolio value rose 9.9% quarter-over-quarter to $1.57T.
Based on Geode Capital Management's 13F filing for Q3 2025, filed 12 Nov 2025.