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 | |
|---|---|---|---|---|---|---|
4101
Retractable Technologies
RVP
$20.1M
| $98.9K | ﹤0.01% |
128,107
| – | – |
|
4102
Cadrenal Therapeutics
CVKD
$6.85M
| $98.5K | ﹤0.01% |
14,528
+1,818
| +14% | +$20.6K |
|
|
WTF
4103
Waton Financial Ltd
WTF
$144M
| $97.6K | ﹤0.01% |
29,578
| – | – |
|
4104
Ceragon Networks
CRNT
$201M
| $97.3K | ﹤0.01% |
46,357
| – | – |
|
|
QIPT
4105
DELISTED
Quipt Home Medical
QIPT
| $97.3K | ﹤0.01% |
27,573
| – | – |
|
|
MTLS
4106
Materialise
MTLS
$393M
| $97.3K | ﹤0.01% |
17,527
| – | – |
|
4107
Phio Pharmaceuticals
PHIO
$12.4M
| $97.3K | ﹤0.01% |
92,638
+34,732
| +60% | +$55.6K |
|
4108
Marygold Companies
MGLD
$43.5M
| $96.1K | ﹤0.01% |
108,910
+16,927
| +18% | +$16.9K |
|
4109
Mannatech
MTEX
$9.78M
| $95.6K | ﹤0.01% |
11,579
+104
| +0.9% | +$943 |
|
|
SLMT
4110
Brera Holdings
SLMT
$43.6M
| $95.3K | ﹤0.01% |
+5,097
| New | +$407K |
|
|
GRDX
4111
GridAI Technologies Corp
GRDX
$21.7M
| $94.9K | ﹤0.01% |
20,358
+7,635
| +60% | +$27.4K |
|
|
EONR
4112
EON Resources
EONR
$24M
| $94.7K | ﹤0.01% |
246,570
+45,936
| +23% | +$21.6K |
|
|
NVVE
4113
DELISTED
Nuvve Holding Corp
NVVE
| $94.6K | ﹤0.01% |
2,069
+2,038
| +6,574% | +$285K |
|
|
AEC
4114
Anfield Energy
AEC
$88.8M
| $93.2K | ﹤0.01% |
+18,177
| New | +$129K |
|
|
BCG
4115
Binah Capital Group
BCG
$24.5M
| $91.9K | ﹤0.01% |
31,900
+795
| +3% | +$1.64K |
|
4116
Pulmatrix
PULM
$5.84M
| $91.3K | ﹤0.01% |
40,944
| – | – |
|
4117
Urban One Class A
UONE
$23.8M
| $91.3K | ﹤0.01% |
8,856
+329
| +4% | +$4.04K |
|
|
AFCG
4118
AFC Gamma
AFCG
$63.2M
| $91.2K | ﹤0.01% |
31,965
+593
| +2% | +$1.88K |
|
4119
China Automotive Systems
CAAS
$142M
| $91.1K | ﹤0.01% |
21,380
| – | – |
|
|
IPST
4120
IP Strategy Holdings
IPST
$1.46M
| $90.4K | ﹤0.01% |
2,897
+2,526
| +681% | +$469K |
|
|
OPENW
4121
Opendoor Technologies Inc Series K Warrants
OPENW
$7.41M
| $90.1K | ﹤0.01% |
+100,176
| New | +$135K |
|
4122
PharmaCyte Biotech
PMCB
$5.8M
| $89.7K | ﹤0.01% |
123,844
-2,759
| -2% | -$2.48K |
|
4123
Local Bounti
LOCL
$26.2M
| $87.9K | ﹤0.01% |
41,084
| – | – |
|
|
RBOT
4124
DELISTED
Vicarious Surgical
RBOT
| $87.9K | ﹤0.01% |
40,494
+8,344
| +26% | +$33.9K |
|
|
MKZR
4125
MacKenzie Realty Capital
MKZR
$3.38M
| $86.5K | ﹤0.01% |
21,415
+5,331
| +33% | +$24.4K |
|
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.