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 | |
|---|---|---|---|---|---|---|
3376
Intercorp Financial Services
IFS
$6.04B
| $1M | ﹤0.01% |
23,608
+1,274
| +6% | +$52.4K |
|
3377
Hurco Companies Inc
HURC
$143M
| $994K | ﹤0.01% |
64,325
-2,607
| -4% | -$43.2K |
|
|
NTHI
3378
NeOnc Technologies
NTHI
$83.3M
| $994K | ﹤0.01% |
120,088
+119
| +0.1% | +$1.12K |
|
3379
Skillsoft
SKIL
$78.4M
| $990K | ﹤0.01% |
106,457
+3,317
| +3% | +$37K |
|
3380
Unicycive Therapeutics
UNCY
$150M
| $989K | ﹤0.01% |
171,290
+45,563
| +36% | +$243K |
|
3381
Sera Prognostics
SERA
$78.7M
| $987K | ﹤0.01% |
334,639
+3,524
| +1% | +$11.4K |
|
3382
Crawford & Co Class B
CRD.B
$585M
| $976K | ﹤0.01% |
91,026
-3,393
| -4% | -$35K |
|
3383
Comstock Holding Companies
CHCI
$173M
| $973K | ﹤0.01% |
83,727
-77,363
| -48% | -$1.06M |
|
3384
Sutro Biopharma
STRO
$353M
| $972K | ﹤0.01% |
83,979
+1,884
| +2% | +$17.9K |
|
3385
Wrap Technologies
WRAP
$97.4M
| $970K | ﹤0.01% |
407,287
+6,340
| +2% | +$15.3K |
|
|
STEX
3386
Streamex Corp
STEX
$90.3M
| $969K | ﹤0.01% |
319,557
+24,631
| +8% | +$110K |
|
3387
Full House Resorts
FLL
$84.3M
| $968K | ﹤0.01% |
370,783
-76
| -0% | -$204 |
|
|
BLDP
3388
Ballard Power Systems
BLDP
$790M
| $968K | ﹤0.01% |
380,369
+175,086
| +85% | +$543K |
|
3389
Westwater Resources
WWR
$75.2M
| $967K | ﹤0.01% |
1,288,757
+454,005
| +54% | +$564K |
|
3390
Aemetis
AMTX
$126M
| $964K | ﹤0.01% |
693,453
+33,286
| +5% | +$67K |
|
3391
Brookfield Infrastructure Partners
BIP
$18.4B
| $962K | ﹤0.01% |
20,166
+15,196
| +306% | +$529K |
|
3392
Fortress Biotech
FBIO
$99M
| $961K | ﹤0.01% |
262,492
+18,071
| +7% | +$51.5K |
|
3393
MoonLake Immunotherapeutics
MLTX
$1.4B
| $956K | ﹤0.01% |
72,606
+10,221
| +16% | +$121K |
|
3394
Spruce Power Holding Corp
SPRU
$33.6M
| $953K | ﹤0.01% |
187,164
+25,171
| +16% | +$102K |
|
|
BTQ
3395
BTQ Technologies Corp
BTQ
$592M
| $950K | ﹤0.01% |
+184,977
| New | +$1.4M |
|
3396
GrowGeneration
GRWG
$108M
| $948K | ﹤0.01% |
631,838
+5,501
| +0.9% | +$9.03K |
|
3397
Value Line
VALU
$341M
| $947K | ﹤0.01% |
24,647
+36
| +0.1% | +$1.36K |
|
3398
inTEST
INTT
$174M
| $945K | ﹤0.01% |
126,537
+3,333
| +3% | +$26.4K |
|
|
QVCGA
3399
DELISTED
QVC Group Inc Series A
QVCGA
| $944K | ﹤0.01% |
90,206
+1,940
| +2% | +$21.1K |
|
3400
Precision BioSciences
DTIL
$201M
| $939K | ﹤0.01% |
225,657
+116,136
| +106% | +$659K |
|
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.