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 | |
|---|---|---|---|---|---|---|
476
Deckers Outdoor
DECK
$12.8B
| $407M | 0.03% |
4,029,839
-397,800
| -9% | -$43.4M |
|
477
Everest Group
EG
$14B
| $407M | 0.03% |
1,165,232
-46,242
| -4% | -$15.6M |
|
478
International Flavors & Fragrances
IFF
$21.7B
| $404M | 0.03% |
6,599,113
+139,984
| +2% | +$9.62M |
|
479
Tyson Foods
TSN
$19.9B
| $403M | 0.03% |
7,454,600
+66,294
| +0.9% | +$3.66M |
|
480
Casey's General Stores
CASY
$30.7B
| $400M | 0.03% |
708,188
+17,667
| +3% | +$9.24M |
|
|
HOLX
481
DELISTED
Hologic
HOLX
| $396M | 0.03% |
5,896,994
+68,669
| +1% | +$4.56M |
|
482
Zebra Technologies
ZBRA
$18.1B
| $395M | 0.03% |
1,332,997
+14,040
| +1% | +$4.48M |
|
483
Kratos Defense & Security Solutions
KTOS
$12B
| $393M | 0.03% |
4,297,608
+347,845
| +9% | +$22.3M |
|
484
Best Buy
BBY
$17.6B
| $393M | 0.03% |
5,209,966
+165,178
| +3% | +$11.8M |
|
485
Globe Life
GL
$14.1B
| $392M | 0.03% |
2,721,680
-1,088
| -0% | -$147K |
|
486
CF Industries
CF
$17.8B
| $392M | 0.03% |
4,386,008
-3,003
| -0.1% | -$268K |
|
487
Franco-Nevada
FNV
$46.4B
| $391M | 0.03% |
1,734,581
+234,291
| +16% | +$42.2M |
|
488
Rocket Lab Corp
RKLB
$50B
| $391M | 0.02% |
8,179,566
+1,182,913
| +17% | +$53.7M |
|
489
Clorox
CLX
$13.1B
| $388M | 0.02% |
3,162,173
+21,565
| +0.7% | +$2.68M |
|
490
Fabrinet
FN
$18.8B
| $386M | 0.02% |
1,058,105
+6,997
| +0.7% | +$2.3M |
|
491
Textron
TXT
$15.2B
| $386M | 0.02% |
4,585,040
-351,616
| -7% | -$28.6M |
|
492
Nutanix
NTNX
$17.4B
| $383M | 0.02% |
5,148,431
+598,522
| +13% | +$43.9M |
|
493
Atlassian
TEAM
$39.1B
| $382M | 0.02% |
2,398,669
+41,871
| +2% | +$7.58M |
|
494
Incyte
INCY
$24.5B
| $379M | 0.02% |
4,486,170
+138,439
| +3% | +$10.9M |
|
495
Host Hotels & Resorts
HST
$15.3B
| $378M | 0.02% |
22,207,362
-2,848,375
| -11% | -$47.3M |
|
496
Affirm
AFRM
$25.7B
| $377M | 0.02% |
5,172,075
+512,788
| +11% | +$39M |
|
497
Royal Gold
RGLD
$19.8B
| $376M | 0.02% |
1,874,019
+122,883
| +7% | +$21.3M |
|
498
Guidewire Software
GWRE
$14.7B
| $376M | 0.02% |
1,632,277
+53,835
| +3% | +$12.2M |
|
499
Masco
MAS
$15B
| $373M | 0.02% |
5,314,742
+18,533
| +0.3% | +$1.3M |
|
500
Graco
GGG
$13.5B
| $372M | 0.02% |
4,391,115
+347,936
| +9% | +$29.8M |
|
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.