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 | |
|---|---|---|---|---|---|---|
|
DGXX
3251
Digi Power X Inc
DGXX
$407M
| $1.51M | ﹤0.01% |
592,399
+560,749
| +1,772% | +$2.1M |
|
3252
FitLife Brands
FTLF
$105M
| $1.51M | ﹤0.01% |
92,689
+991
| +1% | +$18.2K |
|
3253
LifeVantage
LFVN
$81.9M
| $1.51M | ﹤0.01% |
244,766
+1,185
| +0.5% | +$8.78K |
|
|
EEX
3254
DELISTED
Emerald Holding
EEX
| $1.5M | ﹤0.01% |
335,180
-5,519
| -2% | -$23.8K |
|
3255
Biglari Holdings Class A
BH.A
$1.2B
| $1.5M | ﹤0.01% |
860
-62
| -7% | -$103K |
|
3256
Protalix BioTherapeutics
PLX
$190M
| $1.49M | ﹤0.01% |
830,054
+10,277
| +1% | +$21K |
|
3257
Immunocore
IMCR
$1.74B
| $1.49M | ﹤0.01% |
43,026
-2,943
| -6% | -$104K |
|
|
KGEI
3258
Kolibri Global Energy
KGEI
$200M
| $1.49M | ﹤0.01% |
378,559
+4,367
| +1% | +$19K |
|
3259
Outset Medical
OM
$79.9M
| $1.49M | ﹤0.01% |
400,363
+3,104
| +0.8% | +$26.6K |
|
3260
Gaia
GAIA
$33.3M
| $1.49M | ﹤0.01% |
409,081
+5,037
| +1% | +$23K |
|
|
MOMO
3261
Hello Group
MOMO
$850M
| $1.48M | ﹤0.01% |
226,380
-50,942
| -18% | -$351K |
|
|
RDNW
3262
RideNow Group
RDNW
$241M
| $1.48M | ﹤0.01% |
267,534
+2,963
| +1% | +$13.8K |
|
3263
Siebert Financial
SIEB
$78.1M
| $1.47M | ﹤0.01% |
418,459
+1,591
| +0.4% | +$5.05K |
|
|
AIFC
3264
AI Financial Corp
AIFC
$58.9M
| $1.47M | ﹤0.01% |
1,331,963
+12,400
| +0.9% | +$23.9K |
|
|
MNTN
3265
MNTN Inc
MNTN
$919M
| $1.46M | ﹤0.01% |
121,844
+661
| +0.5% | +$9.52K |
|
|
DFDV
3266
DeFi Development Corp
DFDV
$91.9M
| $1.46M | ﹤0.01% |
288,054
+96,724
| +51% | +$887K |
|
3267
HireQuest
HQI
$246M
| $1.45M | ﹤0.01% |
137,579
-553
| -0.4% | -$4.87K |
|
|
SKE
3268
Skeena Resources
SKE
$4.07B
| $1.45M | ﹤0.01% |
59,005
+12,413
| +27% | +$245K |
|
|
GRP.U
3269
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $1.44M | ﹤0.01% |
23,319
+4,688
| +25% | +$263K |
|
|
AISP
3270
Airship AI Holdings
AISP
$66.8M
| $1.44M | ﹤0.01% |
498,501
+23,013
| +5% | +$94.8K |
|
3271
Genmab
GMAB
$19.3B
| $1.44M | ﹤0.01% |
46,761
+5,883
| +14% | +$183K |
|
|
VELO
3272
Velo3D Inc
VELO
$494M
| $1.43M | ﹤0.01% |
+104,205
| New | +$717K |
|
|
TGB
3273
Trekor Metals
TGB
$3.08B
| $1.43M | ﹤0.01% |
247,533
+60,034
| +32% | +$282K |
|
3274
Immatics
IMTX
$1.31B
| $1.42M | ﹤0.01% |
134,763
+66,031
| +96% | +$666K |
|
|
MGIC
3275
DELISTED
Magic Software Enterprises
MGIC
| $1.41M | ﹤0.01% |
54,738
-3,874
| -7% | -$89.2K |
|
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.