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 | |
|---|---|---|---|---|---|---|
3126
PrimeEnergy Resources
PNRG
$316M
| $2.25M | ﹤0.01% |
13,132
+1,504
| +13% | +$242K |
|
3127
Pearson
PSO
$9.78B
| $2.25M | ﹤0.01% |
159,944
-27,166
| -15% | -$376K |
|
|
INGM
3128
Ingram Micro Holding
INGM
$6.53B
| $2.23M | ﹤0.01% |
104,519
-33,887
| -24% | -$735K |
|
3129
Energy Services of America
ESOA
$233M
| $2.22M | ﹤0.01% |
272,055
-1,881
| -0.7% | -$18.1K |
|
3130
Epsilon Energy
EPSN
$161M
| $2.22M | ﹤0.01% |
478,479
+7,045
| +1% | +$34K |
|
3131
MediWound
MDWD
$174M
| $2.22M | ﹤0.01% |
120,101
+22,268
| +23% | +$407K |
|
3132
Soluna Holdings
SLNH
$205M
| $2.21M | ﹤0.01% |
1,889,533
+1,668,801
| +756% | +$3.8M |
|
3133
Lucid Diagnostics
LUCD
$184M
| $2.21M | ﹤0.01% |
2,026,827
+352,654
| +21% | +$394K |
|
|
CNTA
3134
DELISTED
Centessa Pharmaceuticals
CNTA
| $2.19M | ﹤0.01% |
87,610
-7,422
| -8% | -$188K |
|
3135
Twin Disc
TWIN
$349M
| $2.19M | ﹤0.01% |
131,241
+1,550
| +1% | +$24K |
|
3136
Lantronix
LTRX
$272M
| $2.19M | ﹤0.01% |
373,555
+11,978
| +3% | +$62.3K |
|
|
MPX
3137
DELISTED
Marine Products Corp
MPX
| $2.19M | ﹤0.01% |
249,784
+2,071
| +0.8% | +$17.9K |
|
3138
American Outdoor Brands
AOUT
$161M
| $2.18M | ﹤0.01% |
282,431
-6,156
| -2% | -$45.6K |
|
3139
dLocal
DLO
$4.34B
| $2.18M | ﹤0.01% |
154,038
+3,940
| +3% | +$55.6K |
|
3140
Fossil Group
FOSL
$330M
| $2.16M | ﹤0.01% |
575,400
+18,188
| +3% | +$51.3K |
|
|
EMPD
3141
Empery Digital
EMPD
$79.6M
| $2.15M | ﹤0.01% |
470,997
-72,010
| -13% | -$421K |
|
3142
Eledon Pharmaceuticals
ELDN
$286M
| $2.15M | ﹤0.01% |
1,421,617
+52,677
| +4% | +$125K |
|
|
SFBC
3143
Sound Financial Bancorp
SFBC
$120M
| $2.15M | ﹤0.01% |
49,179
-129
| -0.3% | -$5.77K |
|
3144
Transcontinental Realty Investors
TCI
$312M
| $2.14M | ﹤0.01% |
36,478
+619
| +2% | +$29.3K |
|
3145
Nkarta
NKTX
$165M
| $2.14M | ﹤0.01% |
1,154,323
+86,218
| +8% | +$172K |
|
3146
CPI Card Group
PMTS
$334M
| $2.14M | ﹤0.01% |
145,450
+7,236
| +5% | +$109K |
|
3147
Rekor Systems
REKR
$97.6M
| $2.13M | ﹤0.01% |
1,539,623
+32,964
| +2% | +$67.3K |
|
3148
Alta Equipment Group
ALTG
$234M
| $2.12M | ﹤0.01% |
461,564
-17,963
| -4% | -$98.7K |
|
3149
Zura Bio
ZURA
$540M
| $2.12M | ﹤0.01% |
404,479
-825
| -0.2% | -$3.26K |
|
3150
GoPro
GPRO
$117M
| $2.12M | ﹤0.01% |
1,500,685
+29,697
| +2% | +$53.9K |
|
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.