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 | |
|---|---|---|---|---|---|---|
2851
FuelCell Energy
FCEL
$1.63B
| $4.33M | ﹤0.01% |
592,390
+317,301
| +115% | +$2.59M |
|
2852
Unisys
UIS
$210M
| $4.3M | ﹤0.01% |
1,558,031
-45,304
| -3% | -$141K |
|
2853
Foghorn Therapeutics
FHTX
$394M
| $4.29M | ﹤0.01% |
795,040
-13,448
| -2% | -$61K |
|
2854
Cardiff Oncology
CRDF
$77.1M
| $4.28M | ﹤0.01% |
1,523,015
-20,305
| -1% | -$47.1K |
|
2855
CS Disco
LAW
$280M
| $4.28M | ﹤0.01% |
550,998
+5,634
| +1% | +$39.7K |
|
2856
RGC Resources
RGCO
$225M
| $4.25M | ﹤0.01% |
199,636
+1,467
| +0.7% | +$32K |
|
|
SNBR
2857
DELISTED
Sleep Number
SNBR
| $4.25M | ﹤0.01% |
502,040
-3,799
| -0.8% | -$24K |
|
2858
Tonix Pharmaceuticals
TNXP
$214M
| $4.25M | ﹤0.01% |
271,904
+70,970
| +35% | +$1.31M |
|
2859
OraSure Technologies
OSUR
$259M
| $4.24M | ﹤0.01% |
1,751,383
-118,328
| -6% | -$311K |
|
2860
SmartRent
SMRT
$278M
| $4.23M | ﹤0.01% |
2,094,953
+71,487
| +4% | +$117K |
|
2861
Entravision Communication
EVC
$820M
| $4.23M | ﹤0.01% |
1,441,776
-12,627
| -0.9% | -$32.9K |
|
|
TRUE
2862
DELISTED
TrueCar
TRUE
| $4.22M | ﹤0.01% |
1,867,402
-5,485
| -0.3% | -$11.8K |
|
2863
New Fortress Energy
NFE
$93M
| $4.22M | ﹤0.01% |
3,697,121
+12,838
| +0.3% | +$18.9K |
|
|
EFSI
2864
Eagle Financial Services Inc
EFSI
$234M
| $4.21M | ﹤0.01% |
105,881
-1,885
| -2% | -$70.6K |
|
2865
Camtek
CAMT
$8.13B
| $4.21M | ﹤0.01% |
39,576
+162
| +0.4% | +$18.2K |
|
2866
First Internet Bancorp
INBK
$256M
| $4.2M | ﹤0.01% |
201,359
-1,714
| -0.8% | -$34.5K |
|
2867
Medallion Financial
MFIN
$257M
| $4.19M | ﹤0.01% |
406,754
+6,458
| +2% | +$64.7K |
|
2868
Bank7 Corp
BSVN
$495M
| $4.18M | ﹤0.01% |
101,936
+556
| +0.5% | +$23.8K |
|
2869
Atour Lifestyle Holdings
ATAT
$4.6B
| $4.18M | ﹤0.01% |
106,032
+1,350
| +1% | +$52.9K |
|
2870
Larimar Therapeutics
LRMR
$454M
| $4.17M | ﹤0.01% |
1,093,323
+70,796
| +7% | +$275K |
|
2871
eGain
EGAN
$200M
| $4.16M | ﹤0.01% |
404,027
-35,331
| -8% | -$422K |
|
2872
Tucows
TCX
$140M
| $4.15M | ﹤0.01% |
185,006
-327
| -0.2% | -$6.64K |
|
2873
Douglas Elliman
DOUG
$184M
| $4.15M | ﹤0.01% |
1,749,768
+7,411
| +0.4% | +$19.1K |
|
2874
Relmada Therapeutics
RLMD
$507M
| $4.13M | ﹤0.01% |
854,932
+558,717
| +189% | +$1.87M |
|
|
DOO
2875
Bombardier Recreational Products
DOO
$4.69B
| $4.12M | ﹤0.01% |
57,723
+3,607
| +7% | +$246K |
|
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.