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 | |
|---|---|---|---|---|---|---|
3151
Ramaco Resources Class B
METCB
$406M
| $2.19M | ﹤0.01% |
135,205
-70,592
| -34% | -$976K |
|
3152
Hamilton Beach Brands
HBB
$447M
| $2.19M | ﹤0.01% |
152,146
+668
| +0.4% | +$10.4K |
|
3153
InMode
INMD
$875M
| $2.18M | ﹤0.01% |
146,707
+42,652
| +41% | +$624K |
|
|
SAND
3154
DELISTED
Sandstorm Gold
SAND
| $2.18M | ﹤0.01% |
174,024
+21,662
| +14% | +$230K |
|
|
SRG
3155
Seritage Growth Properties
SRG
$128M
| $2.16M | ﹤0.01% |
508,781
+53,481
| +12% | +$187K |
|
|
LFT
3156
Lument Finance Trust
LFT
$36.4M
| $2.16M | ﹤0.01% |
1,068,279
+9,558
| +0.9% | +$21K |
|
3157
Cabaletta Bio
CABA
$442M
| $2.15M | ﹤0.01% |
920,340
+366,878
| +66% | +$629K |
|
3158
Zevia
ZVIA
$101M
| $2.15M | ﹤0.01% |
791,426
-141,981
| -15% | -$409K |
|
3159
FuelCell Energy
FCEL
$1.63B
| $2.15M | ﹤0.01% |
275,089
-583
| -0.2% | -$3.17K |
|
|
WRD
3160
WeRide Inc
WRD
$1.96B
| $2.14M | ﹤0.01% |
+216,656
| New | +$2.05M |
|
3161
dLocal
DLO
$4.34B
| $2.14M | ﹤0.01% |
150,098
+7,421
| +5% | +$94.3K |
|
3162
Union Bankshares
UNB
$122M
| $2.13M | ﹤0.01% |
86,065
-245
| -0.3% | -$6.55K |
|
|
GHLD
3163
DELISTED
Guild Holdings
GHLD
| $2.12M | ﹤0.01% |
106,447
+2,818
| +3% | +$56.1K |
|
|
MENS
3164
Jyong Biotech
MENS
$153M
| $2.12M | ﹤0.01% |
+53,844
| New | +$1.94M |
|
3165
Lyell Immunopharma
LYEL
$337M
| $2.12M | ﹤0.01% |
130,257
+26,987
| +26% | +$308K |
|
3166
iQIYI
IQ
$1.31B
| $2.09M | ﹤0.01% |
818,086
+197,333
| +32% | +$437K |
|
3167
CPI Card Group
PMTS
$334M
| $2.09M | ﹤0.01% |
138,214
+12,714
| +10% | +$226K |
|
3168
CF Bankshares
CFBK
$235M
| $2.08M | ﹤0.01% |
87,031
+598
| +0.7% | +$14.5K |
|
3169
Blink Charging
BLNK
$87.1M
| $2.08M | ﹤0.01% |
1,268,529
+35,362
| +3% | +$39.3K |
|
3170
PLAYSTUDIOS Inc
MYPS
$66.2M
| $2.08M | ﹤0.01% |
2,160,265
-88,514
| -4% | -$95.3K |
|
|
KGEI
3171
Kolibri Global Energy
KGEI
$200M
| $2.08M | ﹤0.01% |
374,192
-82,022
| -18% | -$478K |
|
3172
Ericsson
ERIC
$33.6B
| $2.07M | ﹤0.01% |
250,354
-35
| -0% | -$274 |
|
|
MOMO
3173
Hello Group
MOMO
$850M
| $2.06M | ﹤0.01% |
277,322
-2,579
| -0.9% | -$21.1K |
|
3174
GrafTech
EAF
$203M
| $2.06M | ﹤0.01% |
160,243
-54,849
| -26% | -$635K |
|
3175
Strawberry Fields REIT
STRW
$194M
| $2.04M | ﹤0.01% |
165,870
+3,831
| +2% | +$42.8K |
|
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.