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 | |
|---|---|---|---|---|---|---|
3501
Destination XL Group
DXLG
$34.8M
| $709K | ﹤0.01% |
541,170
-2,447
| -0.5% | -$3.21K |
|
3502
First US Bancshares
FUSB
$92.3M
| $705K | ﹤0.01% |
56,964
| – | – |
|
3503
Surrozen
SRZN
$276M
| $703K | ﹤0.01% |
54,527
+23,564
| +76% | +$247K |
|
3504
PSQ Holdings
PSQH
$16.2M
| $703K | ﹤0.01% |
24,518
+2,294
| +10% | +$69.9K |
|
3505
Metagenomi Therapeutics
MGX
$46.8M
| $692K | ﹤0.01% |
291,890
-1,570
| -0.5% | -$3.19K |
|
3506
Sono-Tek
SOTK
$81.9M
| $691K | ﹤0.01% |
154,313
+1,662
| +1% | +$6.02K |
|
3507
First Northwest Bancorp
FNWB
$108M
| $690K | ﹤0.01% |
87,687
| – | – |
|
3508
Rapid Micro Biosystems
RPID
$84.8M
| $684K | ﹤0.01% |
204,687
+608
| +0.3% | +$1.92K |
|
3509
Auburn National Bancorp
AUBN
$91.1M
| $683K | ﹤0.01% |
25,193
+234
| +0.9% | +$6.13K |
|
3510
Acumen Pharmaceuticals
ABOS
$179M
| $682K | ﹤0.01% |
398,778
+2,152
| +0.5% | +$2.98K |
|
|
TRON
3511
Tron Inc
TRON
$768M
| $679K | ﹤0.01% |
351,751
+228,546
| +186% | +$1.35M |
|
3512
Sabesp
SBS
$16.6B
| $679K | ﹤0.01% |
140,587
+701
| +0.5% | +$2.95K |
|
3513
Cato Corp
CATO
$66.5M
| $674K | ﹤0.01% |
159,946
-16,635
| -9% | -$58.5K |
|
3514
Vroom Inc
VRM
$52.3M
| $673K | ﹤0.01% |
24,888
+4,058
| +19% | +$112K |
|
|
GOCO
3515
DELISTED
GoHealth
GOCO
| $672K | ﹤0.01% |
139,481
+20,520
| +17% | +$112K |
|
3516
Duluth Holdings
DLTH
$156M
| $672K | ﹤0.01% |
171,793
+9,301
| +6% | +$24.9K |
|
3517
MediciNova
MNOV
$65M
| $668K | ﹤0.01% |
529,702
+3,810
| +0.7% | +$4.93K |
|
3518
US GoldMining
USGO
$120M
| $667K | ﹤0.01% |
51,909
-571
| -1% | -$5.11K |
|
3519
Fiverr
FVRR
$313M
| $666K | ﹤0.01% |
27,302
+1,485
| +6% | +$36.4K |
|
|
FDSB
3520
Fifth District Bancorp
FDSB
$95.3M
| $662K | ﹤0.01% |
47,799
-969
| -2% | -$13K |
|
3521
Upland Software
UPLD
$16.8M
| $660K | ﹤0.01% |
27,819
| – | – |
|
|
IMDX
3522
Insight Molecular Diagnostics
IMDX
$137M
| $659K | ﹤0.01% |
198,453
+40,873
| +26% | +$115K |
|
|
HSAI
3523
Hesai Group
HSAI
$3.02B
| $654K | ﹤0.01% |
23,289
-3,245
| -12% | -$79.4K |
|
|
ZSQR
3524
Z Squared Inc
ZSQR
$208M
| $653K | ﹤0.01% |
37,376
+17,096
| +84% | +$207K |
|
3525
Werewolf Therapeutics
HOWL
$19M
| $652K | ﹤0.01% |
330,787
+2,832
| +0.9% | +$3.88K |
|
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.