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 | |
|---|---|---|---|---|---|---|
|
VNME
3801
Vendome Acquisition Corp I
VNME
$257M
| $278K | ﹤0.01% |
27,648
| – | – |
|
3802
Data Storage Corp
DTST
$7.97M
| $277K | ﹤0.01% |
54,117
-1,147
| -2% | -$5.1K |
|
|
WSBK
3803
Winchester Bancorp
WSBK
$117M
| $277K | ﹤0.01% |
26,502
+2,606
| +11% | +$25.4K |
|
3804
Euroseas
ESEA
$525M
| $276K | ﹤0.01% |
5,058
| – | – |
|
3805
SurgePays
SURG
$6.86M
| $276K | ﹤0.01% |
165,039
+1,498
| +0.9% | +$3.34K |
|
3806
Noodles & Co
NDLS
$98M
| $275K | ﹤0.01% |
48,678
+3,423
| +8% | +$19.4K |
|
|
AHT
3807
Ashford Hospitality Trust
AHT
$19.8M
| $274K | ﹤0.01% |
64,309
+5,175
| +9% | +$22.7K |
|
3808
Sundial Growers
SNDL
$313M
| $274K | ﹤0.01% |
164,900
| – | – |
|
|
PTN
3809
Palatin Technologies
PTN
$16.8M
| $272K | ﹤0.01% |
+17,706
| New | +$329K |
|
3810
Nutriband
NTRB
$37.4M
| $272K | ﹤0.01% |
59,943
| – | – |
|
3811
Perion Network
PERI
$377M
| $271K | ﹤0.01% |
28,312
-5,900
| -17% | -$57.3K |
|
|
HIT
3812
Health In Tech Inc
HIT
$66.8M
| $271K | ﹤0.01% |
170,502
+54,217
| +47% | +$118K |
|
3813
Solarmax Technology
SMXT
$21.2M
| $271K | ﹤0.01% |
329,889
+41,353
| +14% | +$39.2K |
|
3814
BuzzFeed
BZFD
$92.5M
| $271K | ﹤0.01% |
291,070
+5,367
| +2% | +$6.79K |
|
|
NNDM
3815
Nano Dimension
NNDM
$343M
| $268K | ﹤0.01% |
173,788
| – | – |
|
|
DMRA
3816
Damora Therapeutics, Inc. Ordinary Shares
DMRA
$1.91B
| $266K | ﹤0.01% |
+11,573
| New | +$201K |
|
|
REFI
3817
Chicago Atlantic Real Estate Finance
REFI
$268M
| $266K | ﹤0.01% |
21,620
+787
| +4% | +$10.1K |
|
|
DMII
3818
Drugs Made In America Acquisition II Corp
DMII
$645M
| $265K | ﹤0.01% |
+26,801
| New | +$265K |
|
3819
Cingulate
CING
$70.2M
| $265K | ﹤0.01% |
61,035
+18,629
| +44% | +$71.9K |
|
|
ENHA
3820
Enhanced Group Inc
ENHA
$288M
| $263K | ﹤0.01% |
+26,165
| New | +$262K |
|
3821
enGene Therapeutics
ENGN
$114M
| $262K | ﹤0.01% |
29,018
| – | – |
|
|
ORIQ
3822
Origin Investment Corp I
ORIQ
$89.4M
| $262K | ﹤0.01% |
25,818
| – | – |
|
3823
Algoma Steel
ASTL
$470M
| $262K | ﹤0.01% |
63,813
| – | – |
|
3824
TAT Technologies
TATT
$508M
| $262K | ﹤0.01% |
5,856
| – | – |
|
3825
BranchOut Food
BOF
$67.2M
| $259K | ﹤0.01% |
81,418
+2,506
| +3% | +$7.22K |
|
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.