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 | |
|---|---|---|---|---|---|---|
|
ALMU
2926
Aeluma Inc
ALMU
$322M
| $3.75M | ﹤0.01% |
233,167
-1,987
| -0.8% | -$37.2K |
|
|
BHR
2927
Braemar Hotels & Resorts
BHR
$139M
| $3.75M | ﹤0.01% |
1,374,526
-1,844
| -0.1% | -$4.66K |
|
2928
American Vanguard Corp
AVD
$62.8M
| $3.75M | ﹤0.01% |
653,017
+13,716
| +2% | +$65.4K |
|
2929
Entrada Therapeutics
TRDA
$290M
| $3.74M | ﹤0.01% |
645,119
+13,565
| +2% | +$79.4K |
|
2930
EVI Industries
EVI
$209M
| $3.73M | ﹤0.01% |
118,025
-588
| -0.5% | -$15.4K |
|
2931
OmniAb
OABI
$499M
| $3.72M | ﹤0.01% |
2,326,236
-113,188
| -5% | -$207K |
|
|
AII
2932
American Integrity Insurance
AII
$470M
| $3.72M | ﹤0.01% |
166,531
+91,413
| +122% | +$1.73M |
|
2933
Itaú Unibanco
ITUB
$80.9B
| $3.7M | ﹤0.01% |
519,208
| – | – |
|
|
SEVN
2934
Seven Hills Realty Trust
SEVN
$175M
| $3.69M | ﹤0.01% |
358,286
+8,248
| +2% | +$89.9K |
|
2935
SELLAS Life Sciences
SLS
$2.5B
| $3.65M | ﹤0.01% |
2,264,384
+63,956
| +3% | +$114K |
|
|
FRMM
2936
Forum Markets
FRMM
$82.4M
| $3.64M | ﹤0.01% |
151,147
+149,654
| +10,024% | +$4.48M |
|
|
FRGE
2937
DELISTED
Forge Global Holdings
FRGE
| $3.64M | ﹤0.01% |
215,306
+6,760
| +3% | +$125K |
|
2938
Lifeway Foods
LWAY
$377M
| $3.62M | ﹤0.01% |
130,516
+5,790
| +5% | +$163K |
|
2939
Crawford & Co Class A
CRD.A
$632M
| $3.62M | ﹤0.01% |
338,369
-4,680
| -1% | -$49.3K |
|
2940
Immuneering
IMRX
$336M
| $3.6M | ﹤0.01% |
513,665
+283,390
| +123% | +$1.47M |
|
2941
Hain Celestial
HAIN
$53.9M
| $3.58M | ﹤0.01% |
2,265,702
+48,038
| +2% | +$81.9K |
|
2942
BCB Bancorp
BCBP
$163M
| $3.57M | ﹤0.01% |
411,713
+4,359
| +1% | +$38.1K |
|
2943
First Capital
FCAP
$219M
| $3.57M | ﹤0.01% |
77,936
-290
| -0.4% | -$11.8K |
|
2944
Citizens Community Bancorp
CZWI
$204M
| $3.57M | ﹤0.01% |
221,874
+7,566
| +4% | +$118K |
|
2945
Hudbay
HBM
$11.8B
| $3.55M | ﹤0.01% |
233,595
+11,910
| +5% | +$136K |
|
|
SNBR
2946
DELISTED
Sleep Number
SNBR
| $3.55M | ﹤0.01% |
505,839
-24,925
| -5% | -$218K |
|
|
AIFC
2947
AI Financial Corp
AIFC
$58.9M
| $3.55M | ﹤0.01% |
1,319,563
+1,124,750
| +577% | +$6.73M |
|
2948
Eledon Pharmaceuticals
ELDN
$286M
| $3.55M | ﹤0.01% |
1,368,940
-15,000
| -1% | -$43.9K |
|
2949
West Fraser Timber
WFG
$5.45B
| $3.54M | ﹤0.01% |
51,976
-358,725
| -87% | -$26.2M |
|
2950
Getty Images
GETY
$133M
| $3.53M | ﹤0.01% |
1,782,416
-84,074
| -5% | -$156K |
|
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.