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 | |
|---|---|---|---|---|---|---|
4026
SeaStar Medical
ICU
$13.4M
| $148K | ﹤0.01% |
25,892
+19,009
| +276% | +$146K |
|
4027
PEDEVCO
PED
$150M
| $147K | ﹤0.01% |
12,734
+108
| +0.9% | +$1.32K |
|
4028
Good Times Restaurants
GTIM
$15.8M
| $147K | ﹤0.01% |
89,768
| – | – |
|
4029
Lesaka Technologies
LSAK
$408M
| $147K | ﹤0.01% |
35,463
| – | – |
|
|
FPAY
4030
DELISTED
FlexShopper
FPAY
| $146K | ﹤0.01% |
227,100
+161
| +0.1% | +$139 |
|
|
OYSE
4031
Oyster Enterprises II Acquisition Corp
OYSE
$351M
| $145K | ﹤0.01% |
+14,458
| New | +$145K |
|
4032
Phio Pharmaceuticals
PHIO
$12.5M
| $144K | ﹤0.01% |
57,906
+212
| +0.4% | +$483 |
|
|
MAPS
4033
DELISTED
WM TECHNOLOGY INC A
MAPS
| $143K | ﹤0.01% |
123,064
+2,893
| +2% | +$3.13K |
|
|
CYPH
4034
Cypherpunk Technologies Inc
CYPH
$70M
| $142K | ﹤0.01% |
312,190
| – | – |
|
|
ZJK
4035
ZJK Industrial Co
ZJK
$113M
| $140K | ﹤0.01% |
42,267
| – | – |
|
|
ATHR
4036
Aether Holdings
ATHR
$45.5M
| $140K | ﹤0.01% |
23,158
+1,632
| +8% | +$13.7K |
|
4037
Cellectar Biosciences
CLRB
$20.8M
| $139K | ﹤0.01% |
24,892
+10,453
| +72% | +$51.8K |
|
4038
TOMI Environmental Solutions
TOMZ
$12.9M
| $139K | ﹤0.01% |
44,976
+315
| +0.7% | +$896 |
|
|
PRPH
4039
DELISTED
ProPhase Labs
PRPH
| $139K | ﹤0.01% |
30,293
+4,387
| +17% | +$17K |
|
|
FGNX
4040
FG Nexus Inc
FGNX
$40.2M
| $139K | ﹤0.01% |
+5,050
| New | +$409K |
|
|
ISPO
4041
DELISTED
Inspirato
ISPO
| $138K | ﹤0.01% |
46,492
-4,468
| -9% | -$13.6K |
|
|
AGIG
4042
Abundia Global Impact Group
AGIG
$38.3M
| $137K | ﹤0.01% |
21,977
+7,974
| +57% | +$72.2K |
|
4043
Workhorse Group
WKHS
$33.7M
| $136K | ﹤0.01% |
10,297
+6,573
| +177% | +$129K |
|
4044
MDxHealth
MDXH
$24.1M
| $136K | ﹤0.01% |
29,185
+18,791
| +181% | +$57.8K |
|
|
SGRP
4045
DELISTED
SPAR Group
SGRP
| $136K | ﹤0.01% |
131,543
-21,221
| -14% | -$23.6K |
|
4046
Willamette Valley Vineyards
WVVI
$11.5M
| $135K | ﹤0.01% |
37,178
+149
| +0.4% | +$694 |
|
|
SOHO
4047
DELISTED
Sotherly Hotels
SOHO
| $135K | ﹤0.01% |
166,943
-999
| -0.6% | -$833 |
|
4048
Syntec Optics
OPTX
$350M
| $135K | ﹤0.01% |
86,866
-845
| -1% | -$1.36K |
|
4049
Riskified
RSKD
$846M
| $134K | ﹤0.01% |
28,650
-48,387
| -63% | -$238K |
|
4050
AYTU BioPharma
AYTU
$25.3M
| $134K | ﹤0.01% |
71,006
+17,137
| +32% | +$39.6K |
|
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.