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 | |
|---|---|---|---|---|---|---|
2951
Gencor Industries
GENC
$264M
| $3.52M | ﹤0.01% |
240,783
+54
| +0% | +$818 |
|
2952
CS Disco
LAW
$297M
| $3.52M | ﹤0.01% |
545,364
+3,358
| +0.6% | +$16.8K |
|
|
DRUG
2953
Bright Minds Biosciences
DRUG
$765M
| $3.51M | ﹤0.01% |
57,899
+378
| +0.7% | +$14.7K |
|
2954
Eldorado Gold
EGO
$10B
| $3.51M | ﹤0.01% |
120,931
+7,563
| +7% | +$178K |
|
2955
CB Financial Services
CBFV
$190M
| $3.51M | ﹤0.01% |
105,623
-1,985
| -2% | -$62.9K |
|
2956
Evolution Petroleum
EPM
$135M
| $3.51M | ﹤0.01% |
727,602
+68
| +0% | +$339 |
|
2957
Medifast
MED
$128M
| $3.5M | ﹤0.01% |
256,047
+2,444
| +1% | +$34.1K |
|
2958
GDS Holdings
GDS
$6.97B
| $3.5M | ﹤0.01% |
90,409
+3,057
| +3% | +$108K |
|
2959
Artesian Resources
ARTNA
$369M
| $3.5M | ﹤0.01% |
107,195
-1,179
| -1% | -$39K |
|
2960
Alta Equipment Group
ALTG
$234M
| $3.47M | ﹤0.01% |
479,527
+1,144
| +0.2% | +$8.89K |
|
2961
Friedman Industries
FRD
$319M
| $3.45M | ﹤0.01% |
157,638
+392
| +0.2% | +$7.18K |
|
2962
ADC Therapeutics
ADCT
$134M
| $3.45M | ﹤0.01% |
862,934
+4,138
| +0.5% | +$13K |
|
|
TRUE
2963
DELISTED
TrueCar
TRUE
| $3.45M | ﹤0.01% |
1,872,887
+30,029
| +2% | +$60.4K |
|
2964
Beyond Meat
BYND
$210M
| $3.44M | ﹤0.01% |
1,821,439
-22,559
| -1% | -$66.5K |
|
2965
Tucows
TCX
$134M
| $3.44M | ﹤0.01% |
185,333
-9,444
| -5% | -$183K |
|
2966
Enlight Renewable Energy
ENLT
$12B
| $3.43M | ﹤0.01% |
110,181
+2,024
| +2% | +$53.8K |
|
2967
Montauk Renewables
MNTK
$268M
| $3.39M | ﹤0.01% |
1,687,618
+9,831
| +0.6% | +$21.1K |
|
2968
Entravision Communication
EVC
$820M
| $3.39M | ﹤0.01% |
1,454,403
-24,061
| -2% | -$58.5K |
|
2969
Lightpath Technologies
LPTH
$824M
| $3.37M | ﹤0.01% |
425,104
+16,796
| +4% | +$74.9K |
|
|
AVR
2970
Anteris Technologies
AVR
$870M
| $3.37M | ﹤0.01% |
748,950
+328,523
| +78% | +$1.29M |
|
|
CCRD
2971
DELISTED
CoreCard
CCRD
| $3.37M | ﹤0.01% |
125,180
-2,320
| -2% | -$64.1K |
|
2972
Melco Resorts & Entertainment
MLCO
$2.14B
| $3.37M | ﹤0.01% |
367,710
-1,781
| -0.5% | -$16.3K |
|
|
STRS
2973
DELISTED
STRATUS PPTYS INC
STRS
| $3.36M | ﹤0.01% |
158,687
-599
| -0.4% | -$11.2K |
|
2974
Meridian
MRBK
$240M
| $3.35M | ﹤0.01% |
211,885
-1,020
| -0.5% | -$15.3K |
|
2975
Outdoor Holding Co
POWW
$255M
| $3.34M | ﹤0.01% |
2,259,132
+124,862
| +6% | +$166K |
|
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.