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 | |
|---|---|---|---|---|---|---|
3151
Expensify
EXFY
$202M
| $2.12M | ﹤0.01% |
1,401,032
-6,563
| -0.5% | -$10.4K |
|
3152
American Resources Corp
AREC
$302M
| $2.11M | ﹤0.01% |
851,394
+161,221
| +23% | +$537K |
|
|
CGAU
3153
Centerra Gold
CGAU
$4.15B
| $2.1M | ﹤0.01% |
142,845
+16,631
| +13% | +$208K |
|
|
ARIS
3154
Aris Mining
ARIS
$3.59B
| $2.1M | ﹤0.01% |
126,435
+29,833
| +31% | +$367K |
|
3155
HF Foods Group
HFFG
$97.6M
| $2.08M | ﹤0.01% |
967,410
+2,841
| +0.3% | +$6.84K |
|
3156
Taylor Devices
TAYD
$170M
| $2.08M | ﹤0.01% |
35,509
+259
| +0.7% | +$12.6K |
|
3157
Union Bankshares
UNB
$122M
| $2.07M | ﹤0.01% |
87,314
+1,249
| +1% | +$29.4K |
|
3158
Consumer Portfolio Services
CPSS
$208M
| $2.07M | ﹤0.01% |
221,565
+3,604
| +2% | +$30.3K |
|
3159
CAMP4 Therapeutics
CAMP
$282M
| $2.06M | ﹤0.01% |
336,293
+275,922
| +457% | +$1.17M |
|
3160
Comstock
LODE
$261M
| $2.06M | ﹤0.01% |
547,877
+91,631
| +20% | +$312K |
|
3161
Everspin Technologies
MRAM
$410M
| $2.05M | ﹤0.01% |
221,189
+8,618
| +4% | +$82K |
|
3162
Future Fuel
FF
$249M
| $2.05M | ﹤0.01% |
643,518
+6,866
| +1% | +$24.6K |
|
3163
Establishment Labs
ESTA
$2.25B
| $2.04M | ﹤0.01% |
28,070
+2,157
| +8% | +$130K |
|
3164
Radware
RDWR
$1.25B
| $2.04M | ﹤0.01% |
84,863
+772
| +0.9% | +$18.9K |
|
3165
CSP Inc
CSPI
$84.2M
| $2.04M | ﹤0.01% |
163,385
+2,739
| +2% | +$33.5K |
|
3166
Accuray
ARAY
$32.9M
| $2.04M | ﹤0.01% |
2,476,344
-14,053
| -0.6% | -$17.5K |
|
3167
GSI Technology
GSIT
$260M
| $2.02M | ﹤0.01% |
325,567
+83,427
| +34% | +$595K |
|
|
EXOD
3168
Exodus Movement Inc
EXOD
$186M
| $2.02M | ﹤0.01% |
136,353
+19,304
| +16% | +$393K |
|
3169
Pulmonx
LUNG
$92.8M
| $2M | ﹤0.01% |
906,521
-72,241
| -7% | -$136K |
|
|
CARL
3170
Carlsmed
CARL
$382M
| $2M | ﹤0.01% |
162,033
+14,485
| +10% | +$193K |
|
3171
Envela
ELA
$420M
| $2M | ﹤0.01% |
149,107
+5,086
| +4% | +$53.1K |
|
|
CBNA
3172
Chain Bridge Bancorp
CBNA
$314M
| $1.99M | ﹤0.01% |
57,446
-93
| -0.2% | -$3.01K |
|
3173
BlackBerry
BB
$5.27B
| $1.99M | ﹤0.01% |
480,515
+44,460
| +10% | +$195K |
|
3174
DocGo
DCGO
$64.5M
| $1.98M | ﹤0.01% |
2,259,901
+73,900
| +3% | +$78.9K |
|
3175
Ero Copper
ERO
$3.58B
| $1.98M | ﹤0.01% |
68,394
+10,405
| +18% | +$242K |
|
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.