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 | |
|---|---|---|---|---|---|---|
2601
Usana Health Sciences
USNA
$250M
| $7.17M | ﹤0.01% |
260,206
-50,317
| -16% | -$1.55M |
|
2602
Movado Group
MOV
$815M
| $7.15M | ﹤0.01% |
377,040
+2,182
| +0.6% | +$37.8K |
|
|
BRY
2603
DELISTED
Berry Corp
BRY
| $7.11M | ﹤0.01% |
1,879,578
-434,326
| -19% | -$1.41M |
|
2604
Replimune Group
REPL
$1.42B
| $7.11M | ﹤0.01% |
1,695,448
+71,400
| +4% | +$456K |
|
2605
Ooma
OOMA
$553M
| $7.1M | ﹤0.01% |
592,259
+4,161
| +0.7% | +$50.9K |
|
2606
Bankwell Financial Group
BWFG
$542M
| $7.1M | ﹤0.01% |
160,396
+1,012
| +0.6% | +$41.5K |
|
2607
Editas Medicine
EDIT
$432M
| $7.08M | ﹤0.01% |
2,040,166
+75,868
| +4% | +$212K |
|
2608
Target Hospitality
TH
$1.62B
| $7.03M | ﹤0.01% |
829,323
-16,055
| -2% | -$132K |
|
2609
Xperi
XPER
$321M
| $7.03M | ﹤0.01% |
1,084,939
+20,855
| +2% | +$138K |
|
2610
Tower Semiconductor
TSEM
$28.6B
| $7.03M | ﹤0.01% |
97,211
+1,827
| +2% | +$99.8K |
|
|
ACH
2611
Accendra Health
ACH
$84.6M
| $7.01M | ﹤0.01% |
1,460,801
-313,558
| -18% | -$1.99M |
|
2612
Nathan's Famous
NATH
$397M
| $7M | ﹤0.01% |
63,196
-736
| -1% | -$77.1K |
|
2613
BayCom
BCML
$341M
| $6.98M | ﹤0.01% |
242,666
+2,102
| +0.9% | +$60.5K |
|
|
ATXS
2614
DELISTED
Astria Therapeutics
ATXS
| $6.98M | ﹤0.01% |
958,244
-5,694
| -0.6% | -$38.5K |
|
2615
8x8 Inc
EGHT
$290M
| $6.97M | ﹤0.01% |
3,287,612
+59,318
| +2% | +$119K |
|
2616
FRP Holdings
FRPH
$425M
| $6.96M | ﹤0.01% |
285,482
-10,472
| -4% | -$272K |
|
2617
Vanda Pharmaceuticals
VNDA
$314M
| $6.95M | ﹤0.01% |
1,392,085
-299,553
| -18% | -$1.39M |
|
2618
Monopar Therapeutics
MNPR
$741M
| $6.94M | ﹤0.01% |
84,961
-11,958
| -12% | -$535K |
|
2619
Capricor Therapeutics
CAPR
$244M
| $6.93M | ﹤0.01% |
961,566
-1,514
| -0.2% | -$11.1K |
|
2620
American Coastal Insurance
ACIC
$465M
| $6.92M | ﹤0.01% |
607,024
+907
| +0.1% | +$9.87K |
|
2621
Zumiez
ZUMZ
$318M
| $6.87M | ﹤0.01% |
350,410
-32,151
| -8% | -$531K |
|
2622
Zegna
ZGN
$3.76B
| $6.87M | ﹤0.01% |
726,933
-3,504
| -0.5% | -$30.5K |
|
2623
Forum Energy Technologies
FET
$932M
| $6.86M | ﹤0.01% |
256,825
+7,305
| +3% | +$169K |
|
2624
HBT Financial
HBT
$1.35B
| $6.85M | ﹤0.01% |
271,814
-41,814
| -13% | -$1.07M |
|
2625
MVB Financial
MVBF
$397M
| $6.84M | ﹤0.01% |
272,706
-4,711
| -2% | -$112K |
|
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.