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 | |
|---|---|---|---|---|---|---|
2826
Heron Therapeutics
HRTX
$63.5M
| $4.59M | ﹤0.01% |
3,642,982
+76,169
| +2% | +$121K |
|
2827
US Gold Corp
USAU
$249M
| $4.58M | ﹤0.01% |
278,036
+26,706
| +11% | +$341K |
|
2828
Virginia National Bankshares
VABK
$254M
| $4.57M | ﹤0.01% |
117,814
+5,010
| +4% | +$195K |
|
2829
SkinHealth Systems
SKIN
$85.9M
| $4.57M | ﹤0.01% |
2,297,440
-5,344
| -0.2% | -$10.8K |
|
2830
MeiraGTx Holdings
MGTX
$1.17B
| $4.57M | ﹤0.01% |
555,313
-2,256
| -0.4% | -$17.8K |
|
|
SII
2831
Sprott
SII
$3.03B
| $4.56M | ﹤0.01% |
43,158
+30,440
| +239% | +$2.12M |
|
2832
First Internet Bancorp
INBK
$256M
| $4.56M | ﹤0.01% |
203,073
-986
| -0.5% | -$24.3K |
|
2833
Aclaris Therapeutics
ACRS
$863M
| $4.54M | ﹤0.01% |
2,389,531
-75,248
| -3% | -$131K |
|
|
BRT
2834
BRT Apartments
BRT
$269M
| $4.54M | ﹤0.01% |
289,863
+790
| +0.3% | +$12.3K |
|
2835
KE Holdings
BEKE
$18.7B
| $4.54M | ﹤0.01% |
238,970
+86,686
| +57% | +$1.63M |
|
|
PINE
2836
Alpine Income Property Trust
PINE
$347M
| $4.54M | ﹤0.01% |
320,318
-7,416
| -2% | -$108K |
|
2837
Citi Trends
CTRN
$621M
| $4.54M | ﹤0.01% |
146,129
+1,064
| +0.7% | +$34.4K |
|
2838
Equinox Gold
EQX
$13.1B
| $4.52M | ﹤0.01% |
401,695
+45,573
| +13% | +$362K |
|
2839
Oak Valley Bancorp
OVLY
$288M
| $4.52M | ﹤0.01% |
160,463
-959
| -0.6% | -$26.9K |
|
2840
OR Royalties Inc
OR
$6.15B
| $4.52M | ﹤0.01% |
112,267
+20,000
| +22% | +$624K |
|
2841
Universal Logistics Holdings
ULH
$518M
| $4.52M | ﹤0.01% |
192,681
-732
| -0.4% | -$18.5K |
|
|
NAKA
2842
Nakamoto Inc
NAKA
$87.9M
| $4.51M | ﹤0.01% |
105,246
+104,761
| +21,600% | +$33.2M |
|
2843
HighPeak Energy
HPK
$947M
| $4.5M | ﹤0.01% |
636,295
-3,733
| -0.6% | -$30.7K |
|
2844
National Bankshares
NKSH
$272M
| $4.5M | ﹤0.01% |
152,777
-1,496
| -1% | -$44.2K |
|
2845
Franklin Financial Services
FRAF
$289M
| $4.5M | ﹤0.01% |
97,774
-450
| -0.5% | -$19.4K |
|
2846
Coherus Oncology
CHRS
$176M
| $4.5M | ﹤0.01% |
2,741,226
+64,750
| +2% | +$72K |
|
|
INR
2847
Infinity Natural Resources
INR
$256M
| $4.49M | ﹤0.01% |
342,120
+3,482
| +1% | +$49.9K |
|
2848
Li Auto
LI
$12B
| $4.48M | ﹤0.01% |
176,665
-19
| -0% | -$492 |
|
2849
Sonida Senior Living
SNDA
$1.88B
| $4.46M | ﹤0.01% |
160,914
-16,745
| -9% | -$430K |
|
2850
RGC Resources
RGCO
$226M
| $4.45M | ﹤0.01% |
198,169
-225
| -0.1% | -$4.93K |
|
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.