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 |
Microsoft
MSFT
|
+$958M |
| 2 |
AbbVie
ABBV
|
+$955M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$762M |
| 4 |
CRH
CRH
|
+$705M |
| 5 |
Walmart Inc
WMT
|
+$700M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
K
Kellanova
K
|
+$604M |
| 2 |
DuPont de Nemours
DD
|
+$568M |
| 3 |
Applied Materials
AMAT
|
+$558M |
| 4 |
IPG
Interpublic Group of Companies
IPG
|
+$277M |
| 5 |
Blackstone
BX
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.03% |
| 2 | Financials | 13.5% |
| 3 | Consumer Discretionary | 10.4% |
| 4 | Communication Services | 10.05% |
| 5 | Healthcare | 9.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2601
Contango Silver & Gold Inc
CTGO
$666M
| $6.83M | ﹤0.01% |
258,610
+49,947
| +24% | +$1.22M |
|
2602
The RMR Group
RMR
$347M
| $6.83M | ﹤0.01% |
458,103
-437
| -0.1% | -$6.65K |
|
2603
Primis Financial Corp
FRST
$414M
| $6.81M | ﹤0.01% |
489,196
-9,909
| -2% | -$112K |
|
|
ONTF
2604
DELISTED
ON24
ONTF
| $6.8M | ﹤0.01% |
853,942
+1,808
| +0.2% | +$10.2K |
|
2605
Rush Enterprises Class B
RUSHB
$9.37B
| $6.8M | ﹤0.01% |
120,926
+5,936
| +5% | +$324K |
|
|
TWFG
2606
TWFG Inc
TWFG
$1.45B
| $6.8M | ﹤0.01% |
236,160
+16,379
| +7% | +$445K |
|
2607
Vitamin Cottage Natural Grocers
NGVC
$640M
| $6.79M | ﹤0.01% |
271,032
-1,323
| -0.5% | -$42.3K |
|
2608
Kelly Services Class A
KELYA
$559M
| $6.79M | ﹤0.01% |
771,425
-2,557
| -0.3% | -$26K |
|
2609
Plumas Bancorp
PLBC
$441M
| $6.78M | ﹤0.01% |
151,555
+9,764
| +7% | +$419K |
|
|
ABVX
2610
Abivax
ABVX
$10.5B
| $6.73M | ﹤0.01% |
49,933
+20,081
| +67% | +$2.19M |
|
|
BLLN
2611
BillionToOne Inc
BLLN
$4.44B
| $6.72M | ﹤0.01% |
+82,034
| New | +$8.32M |
|
2612
Oportun Financial
OPRT
$353M
| $6.7M | ﹤0.01% |
1,266,447
+89,540
| +8% | +$472K |
|
2613
Cellebrite
CLBT
$2.7B
| $6.7M | ﹤0.01% |
371,739
+31,855
| +9% | +$572K |
|
|
AHL
2614
DELISTED
Aspen Insurance
AHL
| $6.67M | ﹤0.01% |
179,878
-2,949
| -2% | -$109K |
|
2615
Genie Energy
GNE
$386M
| $6.66M | ﹤0.01% |
483,432
-7,438
| -2% | -$109K |
|
2616
VinFast Auto
VFS
$7.32B
| $6.65M | ﹤0.01% |
1,991,145
-2,737
| -0.1% | -$9.13K |
|
2617
Bumble
BMBL
$363M
| $6.63M | ﹤0.01% |
1,857,944
+39,625
| +2% | +$175K |
|
2618
Ribbon Communications
RBBN
$384M
| $6.63M | ﹤0.01% |
2,302,573
-7,878
| -0.3% | -$25.4K |
|
|
CMRC
2619
Commerce.com Inc Series 1
CMRC
$182M
| $6.61M | ﹤0.01% |
1,602,831
+65,311
| +4% | +$301K |
|
2620
Entrada Therapeutics
TRDA
$284M
| $6.58M | ﹤0.01% |
639,947
-5,172
| -0.8% | -$43.6K |
|
2621
Atea Pharmaceuticals
AVIR
$403M
| $6.57M | ﹤0.01% |
1,841,001
-58,736
| -3% | -$187K |
|
2622
Target Hospitality
TH
$1.64B
| $6.57M | ﹤0.01% |
820,096
-9,227
| -1% | -$70K |
|
|
VTYX
2623
DELISTED
Ventyx Biosciences
VTYX
| $6.53M | ﹤0.01% |
722,355
-6,365
| -0.9% | -$47.6K |
|
2624
8x8 Inc
EGHT
$295M
| $6.52M | ﹤0.01% |
3,310,912
+23,300
| +0.7% | +$45.9K |
|
2625
EverCommerce
EVCM
$1.77B
| $6.52M | ﹤0.01% |
538,528
-30,165
| -5% | -$321K |
|
Similar funds
Geode Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Geode Capital Management held 4,586 positions worth $1.62T, up 3.4% from $1.57T the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Geode Capital Management's Q4 2025 filing shows 113 new, 2,855 increased, 1,222 reduced and 117 closed positions. Its largest new stake was Qnity Electronics Inc: 5,358,208 shares worth $436M. The largest sale was Kellanova, an estimated $604M.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 34% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q4 2025 buy was Qnity Electronics Inc: 5,358,208 shares worth $436M.
- Geode Capital Management added most to Microsoft in Q4 2025, an estimated $958M increase.
- Geode Capital Management's biggest Q4 2025 reduction was DuPont de Nemours, cutting an estimated $568M.
- Geode Capital Management fully exited Kellanova in Q4 2025, selling an estimated $604M.
- Geode Capital Management's ten largest holdings make up 34% of its $1.62T portfolio in Q4 2025.
- Geode Capital Management opened 113 new positions and closed 117 in Q4 2025.
- Geode Capital Management's portfolio value rose 3.4% quarter-over-quarter to $1.62T.
Based on Geode Capital Management's 13F filing for Q4 2025, filed 9 Feb 2026.