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 | |
|---|---|---|---|---|---|---|
|
NXXT
3376
NextNRG Inc
NXXT
$52.8M
| $1.01M | ﹤0.01% |
552,748
+238,294
| +76% | +$417K |
|
|
KDK
3377
Kodiak AI
KDK
$810M
| $1.01M | ﹤0.01% |
+147,051
| New | +$1.63M |
|
|
AFBI
3378
DELISTED
Affinity Bancshares
AFBI
| $1M | ﹤0.01% |
50,917
-3,777
| -7% | -$72.3K |
|
3379
Torrid Holdings
CURV
$232M
| $998K | ﹤0.01% |
570,446
+157,076
| +38% | +$361K |
|
3380
Alto Ingredients
ALTO
$327M
| $994K | ﹤0.01% |
919,911
+10,883
| +1% | +$12.2K |
|
3381
Spero Therapeutics
SPRO
$72.4M
| $992K | ﹤0.01% |
527,477
+16,778
| +3% | +$36.9K |
|
3382
AEye
LIDR
$60M
| $983K | ﹤0.01% |
394,759
+286,436
| +264% | +$686K |
|
3383
Hyperfine
HYPR
$96.3M
| $975K | ﹤0.01% |
672,011
-1,608
| -0.2% | -$1.88K |
|
3384
Townsquare Media
TSQ
$106M
| $974K | ﹤0.01% |
144,898
+11,275
| +8% | +$81.6K |
|
|
ACTU
3385
Actuate Therapeutics
ACTU
$23.5M
| $973K | ﹤0.01% |
145,412
+27,362
| +23% | +$198K |
|
3386
INmune Bio
INMB
$58M
| $972K | ﹤0.01% |
469,440
+79,509
| +20% | +$182K |
|
3387
XBP Global Holdings
XBP
$34.7M
| $966K | ﹤0.01% |
119,695
+108,678
| +986% | +$885K |
|
3388
Cognition Therapeutics
CGTX
$99.8M
| $963K | ﹤0.01% |
712,727
+344,007
| +93% | +$469K |
|
3389
inTEST
INTT
$180M
| $962K | ﹤0.01% |
123,204
-5,094
| -4% | -$37.4K |
|
3390
Value Line
VALU
$366M
| $962K | ﹤0.01% |
24,611
+174
| +0.7% | +$6.66K |
|
3391
QuickLogic
QUIK
$229M
| $960K | ﹤0.01% |
158,359
+801
| +0.5% | +$4.73K |
|
|
NNNN
3392
Anbio Biotechnology
NNNN
$426M
| $960K | ﹤0.01% |
25,763
+8,633
| +50% | +$388K |
|
3393
Orchestra BioMed
OBIO
$269M
| $960K | ﹤0.01% |
386,799
+84,717
| +28% | +$234K |
|
3394
Alto Neuroscience
ANRO
$1.22B
| $957K | ﹤0.01% |
237,900
+8,179
| +4% | +$27.1K |
|
3395
Lightspeed Commerce
LSPD
$1.37B
| $955K | ﹤0.01% |
82,337
+4,036
| +5% | +$49.4K |
|
|
ARIS
3396
Aris Mining
ARIS
$3.55B
| $953K | ﹤0.01% |
96,602
+7,500
| +8% | +$59.8K |
|
3397
Smart Sand
SND
$217M
| $951K | ﹤0.01% |
444,248
+159
| +0% | +$315 |
|
3398
Playboy Inc
PLBY
$147M
| $950K | ﹤0.01% |
646,157
-119,793
| -16% | -$206K |
|
3399
Espey Mfg & Electronics Corp
ESP
$197M
| $949K | ﹤0.01% |
23,947
-2,230
| -9% | -$104K |
|
3400
Polestar Automotive Holding UK
PSNY
$1.99B
| $947K | ﹤0.01% |
33,619
+5,397
| +19% | +$173K |
|
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.