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 | |
|---|---|---|---|---|---|---|
3826
Air T
AIRT
$72.7M
| $275K | ﹤0.01% |
12,214
| – | – |
|
|
VNME
3827
Vendome Acquisition Corp I
VNME
$257M
| $275K | ﹤0.01% |
+27,648
| New | +$274K |
|
|
ZYXI
3828
DELISTED
Zynex
ZYXI
| $273K | ﹤0.01% |
188,512
-898
| -0.5% | -$1.65K |
|
3829
Allot
ALLT
$377M
| $273K | ﹤0.01% |
25,818
+4,469
| +21% | +$37.9K |
|
|
NNDM
3830
Nano Dimension
NNDM
$343M
| $273K | ﹤0.01% |
173,788
| – | – |
|
3831
Telomir Pharmaceuticals
TELO
$76.3M
| $273K | ﹤0.01% |
196,030
-850
| -0.4% | -$1.28K |
|
3832
X4 Pharmaceuticals
XFOR
$425M
| $272K | ﹤0.01% |
79,658
+30,512
| +62% | +$78.7K |
|
|
LKFT
3833
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.83B
| $272K | ﹤0.01% |
7,851
| – | – |
|
|
AUTL
3834
Autolus Therapeutics
AUTL
$564M
| $268K | ﹤0.01% |
164,314
| – | – |
|
|
REFI
3835
Chicago Atlantic Real Estate Finance
REFI
$268M
| $267K | ﹤0.01% |
20,833
+2,466
| +13% | +$33.8K |
|
|
KC
3836
Kingsoft Cloud Holdings
KC
$3.52B
| $266K | ﹤0.01% |
17,843
| – | – |
|
3837
SIFCO Industries
SIF
$124M
| $265K | ﹤0.01% |
37,660
+5,009
| +15% | +$29.9K |
|
|
PUSA
3838
Aureus Greenway Holdings
PUSA
$95.4M
| $265K | ﹤0.01% |
81,264
+54,337
| +202% | +$143K |
|
3839
Tenax Therapeutics
TENX
$64.4M
| $262K | ﹤0.01% |
34,425
+189
| +0.6% | +$1.15K |
|
|
ORIQ
3840
Origin Investment Corp I
ORIQ
$89.4M
| $259K | ﹤0.01% |
+25,818
| New | +$259K |
|
3841
Dare Bioscience
DARE
$21.6M
| $259K | ﹤0.01% |
123,373
+27,918
| +29% | +$62.9K |
|
|
XNET
3842
Xunlei
XNET
$316M
| $258K | ﹤0.01% |
27,005
+2,237
| +9% | +$13.8K |
|
3843
Quest Resource Holding
QRHC
$30M
| $258K | ﹤0.01% |
165,265
| – | – |
|
3844
TAT Technologies
TATT
$508M
| $258K | ﹤0.01% |
+5,856
| New | +$208K |
|
|
ADUR
3845
Aduro Clean Technologies
ADUR
$543M
| $258K | ﹤0.01% |
19,232
| – | – |
|
3846
Lee Enterprises
LEE
$182M
| $257K | ﹤0.01% |
47,301
| – | – |
|
3847
United-Guardian
UG
$33.3M
| $256K | ﹤0.01% |
32,869
+265
| +0.8% | +$2.18K |
|
3848
Usio Inc
USIO
$65.7M
| $256K | ﹤0.01% |
180,485
| – | – |
|
|
KZR
3849
DELISTED
Kezar Life Sciences
KZR
| $256K | ﹤0.01% |
65,502
+383
| +0.6% | +$1.57K |
|
|
PONY
3850
Pony AI Inc
PONY
$3.56B
| $255K | ﹤0.01% |
11,318
+1,118
| +11% | +$17K |
|
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.