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 | |
|---|---|---|---|---|---|---|
2876
Icahn Enterprises
IEP
$5.33B
| $4.11M | ﹤0.01% |
544,737
+33,537
| +7% | +$270K |
|
2877
Lineage Cell Therapeutics
LCTX
$268M
| $4.11M | ﹤0.01% |
2,461,193
+41,427
| +2% | +$71.7K |
|
|
ANGX
2878
Angel Studios
ANGX
$687M
| $4.11M | ﹤0.01% |
+879,654
| New | +$5.21M |
|
2879
Paysign
PAYS
$723M
| $4.11M | ﹤0.01% |
797,583
+984
| +0.1% | +$5.31K |
|
2880
Barnes & Noble Education
BNED
$417M
| $4.11M | ﹤0.01% |
446,571
+12,951
| +3% | +$114K |
|
2881
Silicon Motion
SIMO
$8.18B
| $4.07M | ﹤0.01% |
43,901
+2,476
| +6% | +$227K |
|
2882
Immuneering
IMRX
$328M
| $4.07M | ﹤0.01% |
618,074
+104,409
| +20% | +$670K |
|
|
FSFG
2883
DELISTED
First Savings Financial Group
FSFG
| $4.04M | ﹤0.01% |
126,813
-1,681
| -1% | -$52.2K |
|
|
WYFI
2884
WhiteFiber Inc
WYFI
$1.1B
| $4.04M | ﹤0.01% |
255,635
+132,796
| +108% | +$3.28M |
|
2885
Inogen
INGN
$154M
| $4.03M | ﹤0.01% |
599,413
-9,876
| -2% | -$74.1K |
|
|
BRT
2886
BRT Apartments
BRT
$268M
| $4.02M | ﹤0.01% |
273,455
-16,408
| -6% | -$242K |
|
2887
Resources Connection
RGP
$144M
| $4.02M | ﹤0.01% |
797,149
-29,958
| -4% | -$143K |
|
2888
TechTarget
TTGT
$265M
| $4.01M | ﹤0.01% |
742,895
+25,468
| +4% | +$137K |
|
2889
Health Catalyst
HCAT
$135M
| $3.99M | ﹤0.01% |
1,668,479
-70,425
| -4% | -$193K |
|
2890
NexGen Energy
NXE
$6.97B
| $3.97M | ﹤0.01% |
422,432
+104,384
| +33% | +$922K |
|
|
AVR
2891
Anteris Technologies
AVR
$864M
| $3.97M | ﹤0.01% |
796,069
+47,119
| +6% | +$216K |
|
2892
Peoples Bancorp of North Carolina
PEBK
$239M
| $3.96M | ﹤0.01% |
109,442
+886
| +0.8% | +$28.5K |
|
2893
Compass Diversified
CODI
$908M
| $3.95M | ﹤0.01% |
822,142
-17,001
| -2% | -$107K |
|
2894
Outdoor Holding Co
POWW
$267M
| $3.94M | ﹤0.01% |
2,302,268
+43,136
| +2% | +$74.2K |
|
|
KLAR
2895
Klarna Group
KLAR
$7.82B
| $3.94M | ﹤0.01% |
+136,166
| New | +$4.68M |
|
|
LPRO
2896
DELISTED
Open Lending Corp
LPRO
| $3.92M | ﹤0.01% |
2,529,837
-61,470
| -2% | -$109K |
|
|
AARD
2897
Aardvark Therapeutics
AARD
$144M
| $3.91M | ﹤0.01% |
297,865
+103,830
| +54% | +$1.3M |
|
2898
Lands' End
LE
$391M
| $3.91M | ﹤0.01% |
268,922
-40,161
| -13% | -$620K |
|
2899
MaxCyte
MXCT
$149M
| $3.9M | ﹤0.01% |
2,518,291
-41,341
| -2% | -$66K |
|
2900
Inter&Co
INTR
$2.3B
| $3.9M | ﹤0.01% |
460,155
+16,579
| +4% | +$147K |
|
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.