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 | |
|---|---|---|---|---|---|---|
2726
Allogene Therapeutics
ALLO
$683M
| $5.39M | ﹤0.01% |
3,932,910
+99,025
| +3% | +$131K |
|
2727
3D Systems Corp
DDD
$601M
| $5.38M | ﹤0.01% |
3,040,654
-116,509
| -4% | -$284K |
|
2728
Hagerty
HGTY
$1.3B
| $5.35M | ﹤0.01% |
398,144
-3,942
| -1% | -$49.2K |
|
|
FWDI
2729
Forward Industries Inc
FWDI
$305M
| $5.35M | ﹤0.01% |
809,005
+800,902
| +9,884% | +$10.3M |
|
2730
Enlight Renewable Energy
ENLT
$12B
| $5.33M | ﹤0.01% |
117,298
+7,117
| +6% | +$266K |
|
2731
Perma-Fix Environmental Services
PESI
$412M
| $5.33M | ﹤0.01% |
422,890
+1,655
| +0.4% | +$21.1K |
|
2732
Inspired Entertainment
INSE
$163M
| $5.31M | ﹤0.01% |
566,862
-1,589
| -0.3% | -$13.4K |
|
2733
Heron Therapeutics
HRTX
$63.5M
| $5.31M | ﹤0.01% |
4,081,222
+438,240
| +12% | +$541K |
|
2734
Oppenheimer Holdings
OPY
$1.23B
| $5.3M | ﹤0.01% |
73,322
+4,337
| +6% | +$302K |
|
2735
Liberty Latin America Class A
LILA
$1.69B
| $5.3M | ﹤0.01% |
1,055,609
+57,063
| +6% | +$315K |
|
2736
Petrobras Class A
PBR.A
$104B
| $5.3M | ﹤0.01% |
470,038
-12,117
| -3% | -$140K |
|
2737
C&F Financial
CFFI
$288M
| $5.29M | ﹤0.01% |
72,922
+509
| +0.7% | +$35.5K |
|
2738
Western New England Bancorp
WNEB
$282M
| $5.28M | ﹤0.01% |
418,719
-1,148
| -0.3% | -$13.8K |
|
2739
Pangaea Logistics
PANL
$496M
| $5.28M | ﹤0.01% |
767,850
-26,472
| -3% | -$160K |
|
2740
Radiant Logistics
RLGT
$400M
| $5.28M | ﹤0.01% |
834,390
+24,150
| +3% | +$150K |
|
2741
Caledonia Mining Corp
CMCL
$439M
| $5.26M | ﹤0.01% |
200,858
-4,054
| -2% | -$119K |
|
2742
AlTi Global
ALTI
$457M
| $5.25M | ﹤0.01% |
1,130,704
-31,899
| -3% | -$132K |
|
2743
TriSalus Life Sciences
TLSI
$352M
| $5.25M | ﹤0.01% |
751,207
+196,752
| +35% | +$1.1M |
|
|
TBCH
2744
Turtle Beach Corp
TBCH
$230M
| $5.22M | ﹤0.01% |
372,083
-4,080
| -1% | -$60.7K |
|
2745
First United
FUNC
$294M
| $5.21M | ﹤0.01% |
139,153
-255
| -0.2% | -$9.48K |
|
|
BLFY
2746
DELISTED
Blue Foundry Bancorp
BLFY
| $5.19M | ﹤0.01% |
417,733
-6,529
| -2% | -$65.2K |
|
2747
Xponential Fitness
XPOF
$208M
| $5.19M | ﹤0.01% |
629,922
-5,531
| -0.9% | -$39.3K |
|
|
OLPX
2748
DELISTED
Olaplex Holdings
OLPX
| $5.18M | ﹤0.01% |
3,865,034
+106,048
| +3% | +$126K |
|
|
CBC
2749
Central Bancompany Inc
CBC
$8.03B
| $5.16M | ﹤0.01% |
+214,071
| New | +$5.04M |
|
2750
Ocugen
OCGN
$458M
| $5.16M | ﹤0.01% |
3,819,242
+142,050
| +4% | +$202K |
|
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.