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 | |
|---|---|---|---|---|---|---|
2701
Nice
NICE
$6.17B
| $5.67M | ﹤0.01% |
50,200
-7,474
| -13% | -$903K |
|
2702
Norwood Financial Corp
NWFL
$376M
| $5.66M | ﹤0.01% |
201,621
+650
| +0.3% | +$17.7K |
|
2703
Electromed
ELMD
$352M
| $5.65M | ﹤0.01% |
194,042
+4,973
| +3% | +$130K |
|
2704
Energy Vault
NRGV
$669M
| $5.65M | ﹤0.01% |
1,225,073
+102,402
| +9% | +$392K |
|
2705
Asure Software
ASUR
$241M
| $5.65M | ﹤0.01% |
599,370
+6,738
| +1% | +$56.6K |
|
2706
ATN International
ATNI
$478M
| $5.64M | ﹤0.01% |
247,414
-7,873
| -3% | -$146K |
|
|
PAL
2707
Proficient Auto Logistics
PAL
$154M
| $5.63M | ﹤0.01% |
583,372
+29,275
| +5% | +$230K |
|
|
FBLA
2708
FB Bancorp
FBLA
$252M
| $5.6M | ﹤0.01% |
435,824
-4,009
| -0.9% | -$49.8K |
|
|
STLN
2709
Starling Oncology, Inc. Common Stock
STLN
$644M
| $5.59M | ﹤0.01% |
1,570,454
+168,548
| +12% | +$625K |
|
2710
AerSale
ASLE
$269M
| $5.57M | ﹤0.01% |
783,397
-4,605
| -0.6% | -$32.3K |
|
2711
US Gold Corp
USAU
$249M
| $5.57M | ﹤0.01% |
286,848
+8,812
| +3% | +$151K |
|
2712
SES AI
SES
$227M
| $5.55M | ﹤0.01% |
3,081,249
+88,548
| +3% | +$198K |
|
2713
Candel Therapeutics
CADL
$865M
| $5.52M | ﹤0.01% |
977,512
+49,315
| +5% | +$265K |
|
|
TECX
2714
Tectonic Therapeutic
TECX
$720M
| $5.5M | ﹤0.01% |
263,560
-5,793
| -2% | -$108K |
|
2715
Blue Ridge Bankshares
BRBS
$339M
| $5.49M | ﹤0.01% |
1,286,411
+34,772
| +3% | +$151K |
|
2716
Lightwave Logic
LWLG
$1.12B
| $5.49M | ﹤0.01% |
1,694,599
+120,454
| +8% | +$535K |
|
|
FRMI
2717
Fermi Inc
FRMI
$4.21B
| $5.49M | ﹤0.01% |
+686,351
| New | +$13.4M |
|
2718
Flotek Industries
FTK
$1.25B
| $5.48M | ﹤0.01% |
317,833
-2,428
| -0.8% | -$38.5K |
|
2719
Methode Electronics
MEI
$602M
| $5.47M | ﹤0.01% |
824,023
+9,383
| +1% | +$66.6K |
|
2720
Hyliion Holdings
HYLN
$734M
| $5.47M | ﹤0.01% |
2,973,357
+59,019
| +2% | +$119K |
|
2721
BK Technologies
BKTI
$286M
| $5.44M | ﹤0.01% |
72,892
+853
| +1% | +$61.1K |
|
2722
Hudbay
HBM
$11.8B
| $5.43M | ﹤0.01% |
267,941
+34,346
| +15% | +$581K |
|
|
TBRG
2723
DELISTED
TruBridge
TBRG
| $5.42M | ﹤0.01% |
245,586
-10,191
| -4% | -$213K |
|
|
PINE
2724
Alpine Income Property Trust
PINE
$347M
| $5.41M | ﹤0.01% |
323,408
+3,090
| +1% | +$48.3K |
|
2725
LCNB Corp
LCNB
$281M
| $5.4M | ﹤0.01% |
329,487
+1,171
| +0.4% | +$18.4K |
|
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.