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 | |
|---|---|---|---|---|---|---|
|
GRSD
3301
Grandstand Limited Ordinary Shares
GRSD
$67.3M
| $1.29M | ﹤0.01% |
236,570
+22,020
| +10% | +$140K |
|
3302
Immix Biopharma
IMMX
$777M
| $1.29M | ﹤0.01% |
246,056
+58,580
| +31% | +$241K |
|
3303
Vista Energy
VIST
$7.33B
| $1.29M | ﹤0.01% |
26,436
+645
| +3% | +$29.2K |
|
3304
Kornit Digital
KRNT
$827M
| $1.28M | ﹤0.01% |
89,327
+6,172
| +7% | +$84.6K |
|
3305
Gain Therapeutics
GANX
$92.6M
| $1.28M | ﹤0.01% |
397,942
+53,796
| +16% | +$144K |
|
3306
Seres Therapeutics
MCRB
$45M
| $1.28M | ﹤0.01% |
86,142
+1,160
| +1% | +$20.2K |
|
|
SVM
3307
Silvercorp Metals
SVM
$2.61B
| $1.28M | ﹤0.01% |
149,818
+15,549
| +12% | +$113K |
|
|
ACTU
3308
Actuate Therapeutics
ACTU
$23.3M
| $1.27M | ﹤0.01% |
207,744
+62,332
| +43% | +$428K |
|
|
MRSN
3309
DELISTED
Mersana Therapeutics
MRSN
| $1.27M | ﹤0.01% |
43,920
+2,272
| +5% | +$43.1K |
|
|
NXXT
3310
NextNRG Inc
NXXT
$54.2M
| $1.26M | ﹤0.01% |
868,998
+316,250
| +57% | +$546K |
|
3311
Apyx Medical
APYX
$128M
| $1.26M | ﹤0.01% |
358,829
+7,551
| +2% | +$26.3K |
|
3312
Fresenius Medical Care
FMS
$12.6B
| $1.26M | ﹤0.01% |
52,720
-5,185
| -9% | -$129K |
|
|
CLYM
3313
Climb Bio
CLYM
$846M
| $1.24M | ﹤0.01% |
310,756
-965
| -0.3% | -$2.32K |
|
3314
Spero Therapeutics
SPRO
$71.8M
| $1.23M | ﹤0.01% |
529,195
+1,718
| +0.3% | +$3.99K |
|
3315
Neuronetics
STIM
$211M
| $1.23M | ﹤0.01% |
891,733
+14,799
| +2% | +$31K |
|
3316
Black Diamond Therapeutics
BDTX
$116M
| $1.23M | ﹤0.01% |
505,780
+5,257
| +1% | +$18.6K |
|
3317
FTC Solar
FTCI
$40.1M
| $1.23M | ﹤0.01% |
112,308
+8,518
| +8% | +$77.7K |
|
|
GPMT
3318
Granite Point Mortgage Trust
GPMT
$58.8M
| $1.22M | ﹤0.01% |
506,915
+1,670
| +0.3% | +$4.48K |
|
3319
ReNew
RNW
$2.48B
| $1.21M | ﹤0.01% |
214,257
-76,532
| -26% | -$553K |
|
3320
Empire Petroleum
EP
$111M
| $1.21M | ﹤0.01% |
397,252
+278
| +0.1% | +$934 |
|
3321
OPAL Fuels
OPAL
$67.7M
| $1.2M | ﹤0.01% |
510,239
-80
| -0% | -$193 |
|
3322
iQIYI
IQ
$1.31B
| $1.2M | ﹤0.01% |
624,061
-194,025
| -24% | -$415K |
|
3323
Goldgroup Mining Inc.
GORO
$211M
| $1.19M | ﹤0.01% |
1,442,177
+1,902
| +0.1% | +$1.52K |
|
3324
Cognition Therapeutics
CGTX
$98.9M
| $1.18M | ﹤0.01% |
873,954
+161,227
| +23% | +$262K |
|
|
AGEN
3325
Agenus
AGEN
$315M
| $1.17M | ﹤0.01% |
372,748
+25,757
| +7% | +$103K |
|
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.