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 | |
|---|---|---|---|---|---|---|
2701
Lightwave Logic
LWLG
$1.12B
| $5.84M | ﹤0.01% |
1,574,145
+75,448
| +5% | +$195K |
|
2702
John Marshall Bancorp
JMSB
$328M
| $5.82M | ﹤0.01% |
293,693
-2,177
| -0.7% | -$42.5K |
|
2703
Franklin Covey
FC
$234M
| $5.82M | ﹤0.01% |
299,833
-14,793
| -5% | -$293K |
|
2704
Real Brokerage
REAX
$523M
| $5.82M | ﹤0.01% |
1,391,316
+21,467
| +2% | +$96.9K |
|
|
SOBO
2705
South Bow Corp
SOBO
$7.64B
| $5.82M | ﹤0.01% |
204,637
+32,146
| +19% | +$874K |
|
2706
Neuropace
NPCE
$500M
| $5.77M | ﹤0.01% |
559,732
+74,570
| +15% | +$703K |
|
|
TVRD
2707
Tvardi Therapeutics
TVRD
$22.1M
| $5.77M | ﹤0.01% |
147,919
+35,781
| +32% | +$1.02M |
|
|
NB
2708
NioCorp Developments
NB
$745M
| $5.77M | ﹤0.01% |
863,150
+218,968
| +34% | +$924K |
|
2709
James River Group Holdings
JRVR
$199M
| $5.75M | ﹤0.01% |
1,036,646
+34,147
| +3% | +$192K |
|
|
JBIO
2710
Jade Biosciences
JBIO
$1.48B
| $5.75M | ﹤0.01% |
665,915
-10,516
| -2% | -$85.9K |
|
2711
Hyliion Holdings
HYLN
$734M
| $5.74M | ﹤0.01% |
2,914,338
-94,512
| -3% | -$157K |
|
|
GES
2712
DELISTED
Guess Inc
GES
| $5.74M | ﹤0.01% |
343,271
+25,332
| +8% | +$375K |
|
2713
Teekay
TK
$1.03B
| $5.71M | ﹤0.01% |
697,522
-227,282
| -25% | -$1.81M |
|
2714
Petrobras Class A
PBR.A
$103B
| $5.7M | ﹤0.01% |
482,155
-2,911
| -0.6% | -$33.7K |
|
2715
Lifecore Biomedical
LFCR
$181M
| $5.7M | ﹤0.01% |
773,629
-1,864
| -0.2% | -$14.1K |
|
2716
Utah Medical Products
UTMD
$230M
| $5.67M | ﹤0.01% |
89,961
-24,855
| -22% | -$1.47M |
|
2717
Ranger Energy Services
RNGR
$405M
| $5.64M | ﹤0.01% |
401,946
+14,846
| +4% | +$195K |
|
|
LOVE
2718
LoveSac
LOVE
$253M
| $5.64M | ﹤0.01% |
332,834
-34
| -0% | -$632 |
|
2719
Rimini Street
RMNI
$445M
| $5.63M | ﹤0.01% |
1,203,610
-30,465
| -2% | -$135K |
|
2720
Liberty Latin America Class A
LILA
$1.69B
| $5.62M | ﹤0.01% |
998,546
+22,928
| +2% | +$115K |
|
2721
Pure Cycle
PCYO
$273M
| $5.62M | ﹤0.01% |
507,727
-3,004
| -0.6% | -$31.4K |
|
2722
Outset Medical
OM
$84.6M
| $5.61M | ﹤0.01% |
397,259
-18,293
| -4% | -$285K |
|
2723
Ardmore Shipping
ASC
$681M
| $5.59M | ﹤0.01% |
470,671
-144,629
| -24% | -$1.62M |
|
|
OMDA
2724
Omada Health Inc
OMDA
$1.44B
| $5.58M | ﹤0.01% |
252,474
+217,676
| +626% | +$4.46M |
|
2725
Nature's Sunshine
NATR
$273M
| $5.57M | ﹤0.01% |
358,566
+40,835
| +13% | +$653K |
|
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.