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 | |
|---|---|---|---|---|---|---|
|
AMRZ
551
Amrize Ltd
AMRZ
$26B
| $328M | 0.02% |
6,093,012
+198,810
| +3% | +$10.1M |
|
552
DraftKings
DKNG
$12.6B
| $326M | 0.02% |
9,494,860
+192,160
| +2% | +$6.32M |
|
553
SS&C Technologies
SSNC
$18.7B
| $325M | 0.02% |
3,732,017
+2,534
| +0.1% | +$216K |
|
554
Zebra Technologies
ZBRA
$18.1B
| $324M | 0.02% |
1,338,221
+5,224
| +0.4% | +$1.4M |
|
555
BWX Technologies
BWXT
$15.5B
| $321M | 0.02% |
1,857,716
+69,857
| +4% | +$13.1M |
|
556
Teva Pharmaceuticals
TEVA
$42.5B
| $320M | 0.02% |
10,326,504
+336,629
| +3% | +$8.29M |
|
557
East-West Bancorp
EWBC
$18.2B
| $320M | 0.02% |
2,825,161
+27,402
| +1% | +$2.91M |
|
558
Hecla Mining
HL
$11.9B
| $319M | 0.02% |
16,620,647
+1,770,949
| +12% | +$27.1M |
|
559
nVent Electric
NVT
$27.1B
| $319M | 0.02% |
3,125,289
+217,485
| +7% | +$22.6M |
|
560
Clorox
CLX
$13.1B
| $319M | 0.02% |
3,172,233
+10,060
| +0.3% | +$1.09M |
|
561
Evercore
EVR
$11.7B
| $315M | 0.02% |
924,900
-15,567
| -2% | -$5M |
|
562
Lincoln Electric
LECO
$15.5B
| $313M | 0.02% |
1,306,641
+6,070
| +0.5% | +$1.44M |
|
563
Healthpeak Properties
DOC
$14.1B
| $313M | 0.02% |
19,534,041
+123,274
| +0.6% | +$2.17M |
|
564
UDR
UDR
$12B
| $313M | 0.02% |
8,560,665
+87,214
| +1% | +$3.1M |
|
565
AGNC Investment
AGNC
$12.9B
| $312M | 0.02% |
29,097,741
+1,596,244
| +6% | +$16.4M |
|
566
Toll Brothers
TOL
$14.3B
| $312M | 0.02% |
2,307,242
+410
| +0% | +$55.7K |
|
567
Bunge Global
BG
$21.4B
| $310M | 0.02% |
3,490,002
-158,762
| -4% | -$14.6M |
|
568
W.P. Carey
WPC
$15.9B
| $308M | 0.02% |
4,795,604
+110,306
| +2% | +$7.35M |
|
569
Equitable Holdings
EQH
$14B
| $307M | 0.02% |
6,355,758
-25,616
| -0.4% | -$1.21M |
|
570
Carpenter Technology
CRS
$26.7B
| $307M | 0.02% |
975,960
+78,588
| +9% | +$23.6M |
|
571
Toast
TOST
$20.2B
| $307M | 0.02% |
8,675,056
+169,230
| +2% | +$6.1M |
|
572
US Foods
USFD
$23.9B
| $307M | 0.02% |
4,071,084
-1,012
| -0% | -$76K |
|
573
Factset
FDS
$10.1B
| $307M | 0.02% |
1,058,434
-45,419
| -4% | -$12.8M |
|
574
Manhattan Associates
MANH
$11.4B
| $305M | 0.02% |
1,753,909
+88,005
| +5% | +$16.1M |
|
575
Nutrien
NTR
$32.1B
| $304M | 0.02% |
4,833,284
+309,025
| +7% | +$18.2M |
|
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.