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 | |
|---|---|---|---|---|---|---|
|
ACR
3026
ACRES Commercial Realty
ACR
$101M
| $2.9M | ﹤0.01% |
135,866
-2,496
| -2% | -$53.3K |
|
3027
EVI Industries
EVI
$209M
| $2.89M | ﹤0.01% |
117,415
-610
| -0.5% | -$15.2K |
|
3028
Star Bulk Carriers
SBLK
$3.21B
| $2.89M | ﹤0.01% |
150,238
-493,554
| -77% | -$9.21M |
|
3029
Finward Bancorp
FNWD
$196M
| $2.88M | ﹤0.01% |
81,959
+713
| +0.9% | +$25.1K |
|
3030
Inseego
INSG
$77.7M
| $2.88M | ﹤0.01% |
280,652
+4,845
| +2% | +$62.9K |
|
3031
Montauk Renewables
MNTK
$268M
| $2.88M | ﹤0.01% |
1,724,933
+37,315
| +2% | +$71.7K |
|
3032
Lexicon Pharmaceuticals
LXRX
$1.04B
| $2.88M | ﹤0.01% |
2,500,022
+102,099
| +4% | +$140K |
|
3033
InnovAge Holding
INNV
$1.45B
| $2.87M | ﹤0.01% |
552,775
-704
| -0.1% | -$3.7K |
|
3034
CVRx
CVRX
$78.3M
| $2.87M | ﹤0.01% |
403,949
-1,006
| -0.2% | -$9.18K |
|
|
XMAX
3035
XMAX Inc
XMAX
$565M
| $2.86M | ﹤0.01% |
476,069
+383,396
| +414% | +$2.16M |
|
|
INV
3036
Innventure Inc
INV
$303M
| $2.84M | ﹤0.01% |
679,953
+333,615
| +96% | +$1.4M |
|
3037
Ascent Industries
ACNT
$134M
| $2.84M | ﹤0.01% |
175,107
-1,340
| -0.8% | -$18.4K |
|
|
KYIV
3038
Kyivstar Group
KYIV
$3.04B
| $2.83M | ﹤0.01% |
217,998
-13,257
| -6% | -$175K |
|
3039
Alliance Resource Partners
ARLP
$3.2B
| $2.82M | ﹤0.01% |
121,474
+3,242
| +3% | +$78.7K |
|
|
ORLA
3040
DELISTED
Orla Mining
ORLA
| $2.82M | ﹤0.01% |
205,626
+72,609
| +55% | +$881K |
|
3041
The Joint Corp
JYNT
$119M
| $2.82M | ﹤0.01% |
322,945
-18,031
| -5% | -$153K |
|
3042
Westwood Holdings Group
WHG
$184M
| $2.81M | ﹤0.01% |
163,166
+896
| +0.6% | +$15K |
|
|
AOMR
3043
Angel Oak Mortgage REIT
AOMR
$209M
| $2.81M | ﹤0.01% |
326,048
+12,215
| +4% | +$109K |
|
3044
Treace Medical Concepts
TMCI
$293M
| $2.8M | ﹤0.01% |
1,144,372
-2,035
| -0.2% | -$8.84K |
|
3045
Definitive Healthcare
DH
$68.4M
| $2.79M | ﹤0.01% |
973,004
-84,643
| -8% | -$235K |
|
3046
Fractyl Health
GUTS
$105M
| $2.78M | ﹤0.01% |
1,263,855
+968,907
| +329% | +$1.56M |
|
|
ABTC
3047
American Bitcoin Corp
ABTC
$533M
| $2.77M | ﹤0.01% |
+108,677
| New | +$6.79M |
|
|
VENU
3048
Venu Holding Corp
VENU
$121M
| $2.77M | ﹤0.01% |
328,970
+14,523
| +5% | +$161K |
|
|
RPT
3049
Rithm Property Trust
RPT
$101M
| $2.77M | ﹤0.01% |
167,067
+1,831
| +1% | +$28.1K |
|
|
PPIH
3050
Perma-Pipe International
PPIH
$216M
| $2.76M | ﹤0.01% |
90,755
+3,733
| +4% | +$102K |
|
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.