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 | |
|---|---|---|---|---|---|---|
3626
Rafael Holdings
RFL
$103M
| $484K | ﹤0.01% |
355,449
-95,690
| -21% | -$161K |
|
3627
RLX Technology
RLX
$2.47B
| $483K | ﹤0.01% |
183,824
| – | – |
|
3628
Champions Oncology
CSBR
$68.8M
| $482K | ﹤0.01% |
74,409
-776
| -1% | -$5.47K |
|
3629
Franklin Wireless
FKWL
$28.8M
| $481K | ﹤0.01% |
110,295
| – | – |
|
3630
Sensus Healthcare
SRTS
$51.5M
| $480K | ﹤0.01% |
152,924
-993
| -0.6% | -$3.9K |
|
|
VWAV
3631
VisionWave Holdings
VWAV
$31.7M
| $479K | ﹤0.01% |
+50,259
| New | +$405K |
|
3632
Beam Global
BEEM
$25.8M
| $478K | ﹤0.01% |
165,921
+19,570
| +13% | +$47.5K |
|
3633
Bogota Financial
BSBK
$113M
| $477K | ﹤0.01% |
51,615
+404
| +0.8% | +$3.52K |
|
3634
Alpha Pro Tech
APT
$54.8M
| $475K | ﹤0.01% |
99,306
+1,180
| +1% | +$5.64K |
|
3635
Laird Superfood
LSF
$46.8M
| $475K | ﹤0.01% |
85,132
-168
| -0.2% | -$1.06K |
|
|
NOTV
3636
DELISTED
Inotiv
NOTV
| $475K | ﹤0.01% |
327,452
| – | – |
|
3637
Vera Bradley
VRA
$96.7M
| $475K | ﹤0.01% |
236,005
-1,561
| -0.7% | -$3.31K |
|
|
PDS
3638
Precision Drilling
PDS
$1.08B
| $473K | ﹤0.01% |
8,408
-57,104
| -87% | -$3.12M |
|
3639
RenovoRx
RNXT
$50.5M
| $472K | ﹤0.01% |
371,484
+17,881
| +5% | +$21.3K |
|
|
PPSI
3640
Pioneer Power Solutions
PPSI
$34.1M
| $472K | ﹤0.01% |
109,127
+592
| +0.5% | +$2.13K |
|
3641
Coda Octopus Group
CODA
$116M
| $470K | ﹤0.01% |
58,577
-8,757
| -13% | -$69.2K |
|
|
RJET
3642
Republic Airways Holdings
RJET
$962M
| $470K | ﹤0.01% |
24,071
-33
| -0.1% | -$583 |
|
3643
Catalyst Bancorp
CLST
$69.6M
| $469K | ﹤0.01% |
35,685
-3,981
| -10% | -$50.5K |
|
3644
IZEA Worldwide
IZEA
$53.8M
| $469K | ﹤0.01% |
126,129
+12,592
| +11% | +$46.1K |
|
3645
Grupo Aeroportuario Centro Norte
OMAB
$5.28B
| $469K | ﹤0.01% |
4,516
-40
| -0.9% | -$4.29K |
|
3646
Fractyl Health
GUTS
$111M
| $469K | ﹤0.01% |
294,948
+184,464
| +167% | +$239K |
|
|
DMAA
3647
Drugs Made In America Acquisition Corp
DMAA
$260M
| $469K | ﹤0.01% |
45,648
| – | – |
|
3648
CPS Technologies
CPSH
$86.7M
| $469K | ﹤0.01% |
131,239
+6,701
| +5% | +$20.8K |
|
3649
Nautilus Biotechnolgy
NAUT
$114M
| $468K | ﹤0.01% |
553,602
| – | – |
|
3650
ImmuCell
ICCC
$99.3M
| $467K | ﹤0.01% |
72,179
+327
| +0.5% | +$2.07K |
|
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.