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 | |
|---|---|---|---|---|---|---|
3201
TTEC Holdings
TTEC
$77.4M
| $1.83M | ﹤0.01% |
509,423
-2,978
| -0.6% | -$10.1K |
|
|
NYAX
3202
Nayax
NYAX
$2B
| $1.83M | ﹤0.01% |
36,139
+715
| +2% | +$32.3K |
|
|
AIRO
3203
AIRO Group Holdings
AIRO
$337M
| $1.81M | ﹤0.01% |
220,754
+53,868
| +32% | +$695K |
|
3204
FreightCar America
RAIL
$243M
| $1.8M | ﹤0.01% |
162,439
-4,214
| -3% | -$38.7K |
|
3205
Neumora Therapeutics
NMRA
$321M
| $1.8M | ﹤0.01% |
1,003,746
+34,818
| +4% | +$76.2K |
|
3206
Comtech Telecommunications
CMTL
$52.7M
| $1.79M | ﹤0.01% |
338,589
+3,411
| +1% | +$11.1K |
|
|
ATYR
3207
aTyr Pharma
ATYR
$54.2M
| $1.79M | ﹤0.01% |
2,283,717
+105,514
| +5% | +$86.6K |
|
3208
SoundThinking
SSTI
$107M
| $1.77M | ﹤0.01% |
220,939
-394
| -0.2% | -$3.44K |
|
3209
Quince Therapeutics
QNCX
$33M
| $1.76M | ﹤0.01% |
2,619
+433
| +20% | +$218K |
|
|
SA
3210
Seabridge Gold
SA
$3.46B
| $1.76M | ﹤0.01% |
58,027
+6,596
| +13% | +$173K |
|
3211
Sagimet Biosciences
SGMT
$577M
| $1.75M | ﹤0.01% |
295,856
+12,643
| +4% | +$90.8K |
|
3212
Smith Douglas Homes
SDHC
$119M
| $1.75M | ﹤0.01% |
104,422
+1,406
| +1% | +$25.4K |
|
|
WLTH
3213
Wealthfront Corp
WLTH
$1.41B
| $1.75M | ﹤0.01% |
+128,713
| New | +$1.71M |
|
|
FSP
3214
Franklin Street Properties
FSP
$46.4M
| $1.74M | ﹤0.01% |
1,842,444
+42,057
| +2% | +$48.9K |
|
3215
Triple Flag Precious Metals
TFPM
$6.45B
| $1.74M | ﹤0.01% |
51,338
+13,129
| +34% | +$411K |
|
3216
Smart Sand
SND
$213M
| $1.74M | ﹤0.01% |
434,634
-9,614
| -2% | -$27.2K |
|
|
IMDX
3217
Insight Molecular Diagnostics
IMDX
$121M
| $1.73M | ﹤0.01% |
230,971
+32,518
| +16% | +$184K |
|
|
GIFI
3218
DELISTED
Gulf Island Fabrication
GIFI
| $1.72M | ﹤0.01% |
143,940
-4,319
| -3% | -$43.5K |
|
|
PAMT
3219
PAMT Corp
PAMT
$285M
| $1.72M | ﹤0.01% |
142,165
-1,454
| -1% | -$15.4K |
|
|
SRG
3220
Seritage Growth Properties
SRG
$128M
| $1.72M | ﹤0.01% |
527,764
+18,983
| +4% | +$72K |
|
3221
One Stop Systems
OSS
$327M
| $1.71M | ﹤0.01% |
238,495
+27,111
| +13% | +$160K |
|
3222
InMode
INMD
$875M
| $1.7M | ﹤0.01% |
115,757
-30,950
| -21% | -$455K |
|
3223
Virco
VIRC
$97.2M
| $1.7M | ﹤0.01% |
265,554
+4,355
| +2% | +$30.3K |
|
|
BLTE
3224
Belite Bio
BLTE
$6.67B
| $1.67M | ﹤0.01% |
10,445
-5,180
| -33% | -$614K |
|
|
NAKA
3225
Nakamoto Inc
NAKA
$87.9M
| $1.67M | ﹤0.01% |
118,916
+13,670
| +13% | +$357K |
|
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.