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 | |
|---|---|---|---|---|---|---|
|
FLD
3501
Fold Holdings
FLD
$25.9M
| $662K | ﹤0.01% |
253,494
+66,690
| +36% | +$221K |
|
3502
Dorchester Minerals
DMLP
$1.36B
| $659K | ﹤0.01% |
29,473
-16,830
| -36% | -$394K |
|
3503
PetMed Express
PETS
$42.1M
| $658K | ﹤0.01% |
205,493
+2,030
| +1% | +$5.09K |
|
3504
CalciMedica
CALC
$21.2M
| $658K | ﹤0.01% |
99,787
+935
| +0.9% | +$3.65K |
|
3505
Wheels Up
UP
$186M
| $650K | ﹤0.01% |
49,482
+1,536
| +3% | +$35K |
|
|
DGNX
3506
Diginex Ltd
DGNX
$43.7M
| $649K | ﹤0.01% |
19,465
+74
| +0.4% | +$8.21K |
|
3507
AMREP Corp
AXR
$119M
| $643K | ﹤0.01% |
34,202
+720
| +2% | +$15.5K |
|
3508
Sono-Tek
SOTK
$80.6M
| $641K | ﹤0.01% |
155,285
+972
| +0.6% | +$4.05K |
|
|
GPUS
3509
Hyperscale Data Inc
GPUS
$52.5M
| $639K | ﹤0.01% |
3,482,917
+3,319,363
| +2,030% | +$1.14M |
|
|
BLUW
3510
Blue Water Acquisition Corp III
BLUW
| $634K | ﹤0.01% |
61,427
+40,463
| +193% | +$410K |
|
|
PDS
3511
Precision Drilling
PDS
$1.07B
| $632K | ﹤0.01% |
8,853
+445
| +5% | +$27.3K |
|
3512
Rapid Micro Biosystems
RPID
$85.8M
| $631K | ﹤0.01% |
217,568
+12,881
| +6% | +$44.7K |
|
3513
DHI Group
DHX
$171M
| $631K | ﹤0.01% |
406,687
+2,407
| +0.6% | +$4.55K |
|
3514
Sensus Healthcare
SRTS
$51.7M
| $630K | ﹤0.01% |
158,240
+5,316
| +3% | +$19.7K |
|
3515
Sportsman's Warehouse
SPWH
$47.2M
| $630K | ﹤0.01% |
431,254
+3,040
| +0.7% | +$6.61K |
|
3516
Sabesp
SBS
$16.5B
| $630K | ﹤0.01% |
132,238
-8,349
| -6% | -$40.3K |
|
3517
Immunic
IMUX
$224M
| $628K | ﹤0.01% |
117,629
+14,252
| +14% | +$104K |
|
|
ASRT
3518
DELISTED
Assertio
ASRT
| $627K | ﹤0.01% |
69,065
+914
| +1% | +$10.7K |
|
|
TACO
3519
Berto Acquisition Corp
TACO
$392M
| $620K | ﹤0.01% |
61,147
| – | – |
|
|
ASM
3520
Avino Silver & Gold Mines
ASM
$1.21B
| $619K | ﹤0.01% |
+99,492
| New | +$536K |
|
|
CYPH
3521
Cypherpunk Technologies Inc
CYPH
$68.5M
| $615K | ﹤0.01% |
530,192
+218,002
| +70% | +$238K |
|
3522
IZEA Worldwide
IZEA
$52.7M
| $611K | ﹤0.01% |
139,410
+13,281
| +11% | +$64.6K |
|
3523
Central Plains Bancshares
CPBI
$87.6M
| $607K | ﹤0.01% |
35,891
-1,794
| -5% | -$29.2K |
|
3524
Summit State Bank
SSBI
$87.4M
| $605K | ﹤0.01% |
52,046
-879
| -2% | -$9.94K |
|
3525
Lifetime Brands
LCUT
$218M
| $605K | ﹤0.01% |
153,080
+466
| +0.3% | +$1.71K |
|
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.