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 | |
|---|---|---|---|---|---|---|
|
NNNN
3451
Anbio Biotechnology
NNNN
$437M
| $775K | ﹤0.01% |
25,763
| – | – |
|
3452
Red Robin
RRGB
$190M
| $775K | ﹤0.01% |
191,181
+160
| +0.1% | +$803 |
|
3453
Annovis Bio
ANVS
$76.1M
| $769K | ﹤0.01% |
222,132
+37,978
| +21% | +$114K |
|
|
IAUX
3454
i-80 Gold Corp
IAUX
$1.44B
| $762K | ﹤0.01% |
+517,935
| New | +$589K |
|
3455
Ampco-Pittsburgh
AP
$195M
| $758K | ﹤0.01% |
142,099
| – | – |
|
3456
Bank Of The James
BOTJ
$127M
| $756K | ﹤0.01% |
40,670
-284
| -0.7% | -$4.85K |
|
|
USAS
3457
Americas Gold and Silver
USAS
$1.71B
| $754K | ﹤0.01% |
+146,927
| New | +$661K |
|
3458
Cardlytics
CDLX
$24.8M
| $753K | ﹤0.01% |
65,447
+2,091
| +3% | +$32.3K |
|
3459
American Well
AMWL
$222M
| $750K | ﹤0.01% |
152,742
+3,450
| +2% | +$16.6K |
|
3460
Adicet Bio
ACET
$77.6M
| $748K | ﹤0.01% |
88,856
+44,710
| +101% | +$494K |
|
3461
MarketWise
MKTW
$54.2M
| $744K | ﹤0.01% |
49,505
-1,240
| -2% | -$19.4K |
|
3462
Regis Corp
RGS
$70.9M
| $741K | ﹤0.01% |
26,695
+478
| +2% | +$13.7K |
|
|
SELF
3463
Global Self Storage
SELF
$58.9M
| $735K | ﹤0.01% |
144,144
+2,867
| +2% | +$14.4K |
|
3464
Heartbeam
BEAT
$33.7M
| $734K | ﹤0.01% |
305,740
+12,142
| +4% | +$20.8K |
|
3465
Pliant Therapeutics
PLRX
$67.5M
| $723K | ﹤0.01% |
592,696
+5,287
| +0.9% | +$7.94K |
|
3466
Oculis Holding
OCS
$705M
| $720K | ﹤0.01% |
36,061
+6,625
| +23% | +$133K |
|
|
FDSB
3467
Fifth District Bancorp
FDSB
$94.2M
| $719K | ﹤0.01% |
47,952
+153
| +0.3% | +$2.1K |
|
|
SLSN
3468
Solesence Inc
SLSN
$72M
| $719K | ﹤0.01% |
450,784
+3,685
| +0.8% | +$9.98K |
|
|
CNSY
3469
Cerenome, Inc. Common Stock
CNSY
$26M
| $719K | ﹤0.01% |
56,112
+23,582
| +72% | +$356K |
|
3470
Northern Technologies International Corp
NTIC
$76.8M
| $715K | ﹤0.01% |
91,324
-1,302
| -1% | -$10K |
|
3471
Valhi
VHI
$462M
| $715K | ﹤0.01% |
59,303
+1,116
| +2% | +$14.9K |
|
|
YDES
3472
YD Bio Ltd
YDES
$173M
| $711K | ﹤0.01% |
58,363
+5,292
| +10% | +$71.4K |
|
|
PEW
3473
GrabAGun Digital Holdings
PEW
$77.9M
| $706K | ﹤0.01% |
234,328
-13,092
| -5% | -$52.2K |
|
|
LAC
3474
Lithium Americas
LAC
$1.23B
| $703K | ﹤0.01% |
157,335
+32,228
| +26% | +$186K |
|
3475
VirnetX Holding Corp
VHC
$67.6M
| $700K | ﹤0.01% |
41,923
+4,684
| +13% | +$93.9K |
|
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.