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 | |
|---|---|---|---|---|---|---|
2551
Northeast Community Bancorp
NECB
$371M
| $7.88M | ﹤0.01% |
383,049
+71,354
| +23% | +$1.57M |
|
|
KMTS
2552
Kestra Medical Technologies
KMTS
$1.64B
| $7.87M | ﹤0.01% |
331,362
+6,036
| +2% | +$108K |
|
|
ILPT
2553
Industrial Logistics Properties Trust
ILPT
$611M
| $7.87M | ﹤0.01% |
1,349,500
-14,971
| -1% | -$86.2K |
|
2554
OptimizeRx
OPRX
$165M
| $7.86M | ﹤0.01% |
383,177
-16,371
| -4% | -$260K |
|
2555
Dine Brands
DIN
$462M
| $7.84M | ﹤0.01% |
317,082
-50,860
| -14% | -$1.19M |
|
2556
Better Home & Finance Holding
BETR
$21.6M
| $7.82M | ﹤0.01% |
139,265
+9,384
| +7% | +$208K |
|
2557
Korro Bio
KRRO
$197M
| $7.8M | ﹤0.01% |
162,932
+7,545
| +5% | +$167K |
|
2558
Aura Biosciences
AURA
$791M
| $7.78M | ﹤0.01% |
1,257,947
+327,973
| +35% | +$2.14M |
|
2559
Anterix
ATEX
$1.74B
| $7.76M | ﹤0.01% |
361,329
-22,228
| -6% | -$498K |
|
2560
OrthoPediatrics
KIDS
$653M
| $7.74M | ﹤0.01% |
417,852
+7,999
| +2% | +$165K |
|
2561
B2Gold
BTG
$6.7B
| $7.71M | ﹤0.01% |
1,450,759
-1,614,526
| -53% | -$6.35M |
|
2562
U-Haul Holding Co
UHAL
$14.5B
| $7.7M | ﹤0.01% |
134,856
-16,167
| -11% | -$953K |
|
|
VRNA
2563
DELISTED
Verona Pharma
VRNA
| $7.7M | ﹤0.01% |
72,137
+3,707
| +5% | +$387K |
|
2564
Treace Medical Concepts
TMCI
$293M
| $7.69M | ﹤0.01% |
1,146,407
+26,826
| +2% | +$175K |
|
2565
Intrepid Potash
IPI
$490M
| $7.69M | ﹤0.01% |
251,469
+10,430
| +4% | +$328K |
|
2566
Cullinan Oncology
CGEM
$1.26B
| $7.68M | ﹤0.01% |
1,295,320
+15,824
| +1% | +$116K |
|
2567
Greenlight Captial
GLRE
$505M
| $7.68M | ﹤0.01% |
604,235
-4,544
| -0.7% | -$59.3K |
|
|
CMRC
2568
Commerce.com Inc Series 1
CMRC
$179M
| $7.67M | ﹤0.01% |
1,537,520
-56,689
| -4% | -$273K |
|
|
SEMR
2569
DELISTED
Semrush
SEMR
| $7.66M | ﹤0.01% |
1,082,025
+149,151
| +16% | +$1.22M |
|
|
EU
2570
enCore Energy
EU
$221M
| $7.66M | ﹤0.01% |
2,385,034
+13,276
| +0.6% | +$35.7K |
|
2571
MasterCraft Boat Holdings
MCFT
$600M
| $7.65M | ﹤0.01% |
356,587
-1,400
| -0.4% | -$29.2K |
|
2572
Altimmune
ALT
$560M
| $7.61M | ﹤0.01% |
2,017,385
+82,505
| +4% | +$319K |
|
2573
Riley Exploration Permian
REPX
$786M
| $7.48M | ﹤0.01% |
275,892
-43,803
| -14% | -$1.2M |
|
2574
Inhibrx
INBX
$1.42B
| $7.48M | ﹤0.01% |
221,920
-4,035
| -2% | -$99.3K |
|
2575
Farmers & Merchants Bancorp
FMAO
$484M
| $7.48M | ﹤0.01% |
298,850
-620
| -0.2% | -$16K |
|
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.