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 | |
|---|---|---|---|---|---|---|
|
MCGA
4051
Yorkville Acquisition Corp
MCGA
$243M
| $133K | ﹤0.01% |
+12,458
| New | +$134K |
|
|
JFB
4052
JFB Construction Holdings
JFB
$93.3M
| $133K | ﹤0.01% |
+20,532
| New | +$73.9K |
|
4053
Stran & Co
SWAG
$37.1M
| $132K | ﹤0.01% |
79,542
| – | – |
|
4054
Smith Micro Software
SMSI
$16.9M
| $132K | ﹤0.01% |
36,481
+198
| +0.5% | +$767 |
|
4055
Ambev
ABEV
$43.6B
| $131K | ﹤0.01% |
58,937
| – | – |
|
4056
GEN Restaurant Group
GENK
$10.1M
| $131K | ﹤0.01% |
47,766
| – | – |
|
|
SDST
4057
Stardust Power Inc
SDST
$7.21M
| $131K | ﹤0.01% |
42,154
+29,708
| +239% | +$106K |
|
4058
CKX Lands
CKX
$22.4M
| $130K | ﹤0.01% |
11,700
+127
| +1% | +$1.47K |
|
|
BZUN
4059
Baozun
BZUN
$166M
| $130K | ﹤0.01% |
32,067
| – | – |
|
|
KVAC
4060
DELISTED
Keen Vision Acquisition Corp
KVAC
| $130K | ﹤0.01% |
11,179
| – | – |
|
4061
PodcastOne
PODC
$93.6M
| $128K | ﹤0.01% |
76,283
+551
| +0.7% | +$989 |
|
|
HERE
4062
Here Group Ltd
HERE
$101M
| $128K | ﹤0.01% |
14,144
+1,683
| +14% | +$14.9K |
|
4063
5E Advanced Materials
FEAM
$72.7M
| $128K | ﹤0.01% |
36,542
+15,838
| +76% | +$60.4K |
|
|
ASPSZ
4064
Altisource Portfolio Solutions SA Cash Exercise Stakeholder Warrants
ASPSZ
$8.1M
| $127K | ﹤0.01% |
212,710
| – | – |
|
|
LONA
4065
LeonaBio Inc
LONA
$72M
| $127K | ﹤0.01% |
30,593
-3
| -0% | -$12 |
|
|
OIO
4066
OIO Group
OIO
$640M
| $127K | ﹤0.01% |
11,052
| – | – |
|
4067
Vince Holding Corp
VNCE
$79.3M
| $126K | ﹤0.01% |
37,821
-543
| -1% | -$1.01K |
|
|
GLBZ
4068
DELISTED
Glen Burnie Bancorp
GLBZ
| $126K | ﹤0.01% |
27,369
+528
| +2% | +$2.43K |
|
|
BOLD
4069
Boundless Bio
BOLD
$63M
| $126K | ﹤0.01% |
102,268
+43,365
| +74% | +$50.1K |
|
|
CEPO
4070
Cantor Equity Partners I
CEPO
$272M
| $125K | ﹤0.01% |
+11,995
| New | +$133K |
|
4071
iBio
IBIO
$73M
| $125K | ﹤0.01% |
151,309
+39,008
| +35% | +$30K |
|
|
ONEG
4072
OneConstruction Group
ONEG
$16.3M
| $125K | ﹤0.01% |
+11,036
| New | +$101K |
|
4073
Local Bounti
LOCL
$25.3M
| $123K | ﹤0.01% |
41,084
+4,234
| +11% | +$11.4K |
|
4074
PharmaCyte Biotech
PMCB
$5.82M
| $123K | ﹤0.01% |
126,603
| – | – |
|
|
RENT
4075
Rent the Runway
RENT
$121M
| $123K | ﹤0.01% |
24,850
+1,613
| +7% | +$8.27K |
|
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.