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 | |
|---|---|---|---|---|---|---|
2751
Neurogene
NGNE
$740M
| $5.14M | ﹤0.01% |
249,695
+3,262
| +1% | +$81.2K |
|
2752
National Bankshares
NKSH
$271M
| $5.14M | ﹤0.01% |
153,310
+533
| +0.3% | +$16.1K |
|
2753
Chemung Financial Corp
CHMG
$403M
| $5.14M | ﹤0.01% |
92,031
-701
| -0.8% | -$37.2K |
|
2754
Alto Neuroscience
ANRO
$1.26B
| $5.12M | ﹤0.01% |
287,435
+49,535
| +21% | +$624K |
|
2755
Eldorado Gold
EGO
$10B
| $5.11M | ﹤0.01% |
139,369
+18,438
| +15% | +$552K |
|
2756
First Majestic Silver
AG
$9.26B
| $5.11M | ﹤0.01% |
299,956
+45,880
| +18% | +$637K |
|
|
INR
2757
Infinity Natural Resources
INR
$256M
| $5.11M | ﹤0.01% |
346,738
+4,618
| +1% | +$60.6K |
|
2758
Invivyd
IVVD
$202M
| $5.08M | ﹤0.01% |
2,056,472
+1,324,128
| +181% | +$2.75M |
|
|
URG
2759
Ur-Energy
URG
$533M
| $5.07M | ﹤0.01% |
3,644,748
-38,127
| -1% | -$56.4K |
|
2760
Franklin Covey
FC
$234M
| $5.06M | ﹤0.01% |
301,459
+1,626
| +0.5% | +$27.2K |
|
2761
Limoneira
LMNR
$251M
| $5.05M | ﹤0.01% |
399,685
-3,426
| -0.8% | -$48.4K |
|
2762
Sonida Senior Living
SNDA
$1.88B
| $5.05M | ﹤0.01% |
154,697
-6,217
| -4% | -$184K |
|
2763
Alico
ALCO
$308M
| $5.05M | ﹤0.01% |
138,611
+4,714
| +4% | +$164K |
|
2764
OmniAb
OABI
$499M
| $5.04M | ﹤0.01% |
2,722,692
+396,456
| +17% | +$689K |
|
2765
Velocity Financial
VEL
$711M
| $5.04M | ﹤0.01% |
242,606
+21,631
| +10% | +$406K |
|
2766
First Community Corp
FCCO
$321M
| $5.03M | ﹤0.01% |
169,726
-4,080
| -2% | -$116K |
|
2767
Spire Global
SPIR
$540M
| $5.03M | ﹤0.01% |
669,966
+75
| +0% | +$734 |
|
2768
Lyell Immunopharma
LYEL
$347M
| $5.02M | ﹤0.01% |
162,997
+32,740
| +25% | +$733K |
|
2769
Lightpath Technologies
LPTH
$824M
| $5.01M | ﹤0.01% |
463,253
+38,149
| +9% | +$309K |
|
2770
Usana Health Sciences
USNA
$250M
| $5M | ﹤0.01% |
254,820
-5,386
| -2% | -$112K |
|
|
SNWV
2771
SANUWAVE Health Inc
SNWV
$46.2M
| $4.99M | ﹤0.01% |
167,256
+5,378
| +3% | +$173K |
|
2772
Strive Inc
ASST
$1.07B
| $4.99M | ﹤0.01% |
337,754
+305,265
| +940% | +$7.29M |
|
2773
JELD-WEN Holding
JELD
$164M
| $4.99M | ﹤0.01% |
2,026,994
+13,655
| +0.7% | +$44.9K |
|
2774
Citizens
CIA
$199M
| $4.98M | ﹤0.01% |
1,030,633
+1,670
| +0.2% | +$9.2K |
|
2775
Fidelity D&D Bancorp
FDBC
$322M
| $4.98M | ﹤0.01% |
114,262
+508
| +0.4% | +$22.5K |
|
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.