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 | |
|---|---|---|---|---|---|---|
701
Teva Pharmaceuticals
TEVA
$42.6B
| $200M | 0.01% |
9,989,875
+360,349
| +4% | +$6.33M |
|
702
LKQ Corp
LKQ
$6.22B
| $200M | 0.01% |
6,567,087
-403,531
| -6% | -$13.3M |
|
703
TSMC
TSM
$2.23T
| $200M | 0.01% |
715,178
+39,000
| +6% | +$9.54M |
|
704
ATI
ATI
$31.5B
| $199M | 0.01% |
2,444,673
+8,757
| +0.4% | +$710K |
|
705
Charles River Laboratories
CRL
$13.7B
| $198M | 0.01% |
1,266,746
+34,516
| +3% | +$5.48M |
|
706
GameStop
GME
$8.32B
| $198M | 0.01% |
7,247,635
+198,602
| +3% | +$4.71M |
|
707
Hormel Foods
HRL
$13.3B
| $198M | 0.01% |
8,017,249
+131,142
| +2% | +$3.63M |
|
708
CareTrust REIT
CTRE
$9.26B
| $197M | 0.01% |
5,682,987
+679,236
| +14% | +$22.3M |
|
709
Dycom Industries
DY
$12.3B
| $196M | 0.01% |
673,245
+1,629
| +0.2% | +$427K |
|
710
Samsara
IOT
$22.9B
| $195M | 0.01% |
5,260,848
+383,594
| +8% | +$14.2M |
|
|
EMA
711
Emera Inc
EMA
$15.7B
| $195M | 0.01% |
3,840,032
+620,584
| +19% | +$29M |
|
712
Eastman Chemical
EMN
$8.34B
| $194M | 0.01% |
3,089,216
+133,591
| +5% | +$9.32M |
|
713
Rubrik
RBRK
$19.7B
| $194M | 0.01% |
2,349,935
+400,888
| +21% | +$34.5M |
|
714
Paylocity
PCTY
$7.63B
| $193M | 0.01% |
1,214,492
+72,628
| +6% | +$12.9M |
|
715
Essent Group
ESNT
$6.17B
| $193M | 0.01% |
2,947,278
+20,238
| +0.7% | +$1.23M |
|
716
Rexford Industrial Realty
REXR
$8.09B
| $193M | 0.01% |
4,691,035
+165,885
| +4% | +$6.49M |
|
717
Ovintiv
OVV
$17.5B
| $192M | 0.01% |
4,752,290
+68,666
| +1% | +$2.8M |
|
718
Core & Main
CNM
$8.58B
| $192M | 0.01% |
3,560,451
+87,974
| +3% | +$5.33M |
|
719
BioMarin Pharmaceuticals
BMRN
$13.7B
| $191M | 0.01% |
3,542,120
+67,682
| +2% | +$3.87M |
|
720
Jefferies Financial Group
JEF
$12.7B
| $191M | 0.01% |
2,918,383
+52,631
| +2% | +$3.21M |
|
721
EastGroup Properties
EGP
$10.9B
| $191M | 0.01% |
1,127,164
+64,394
| +6% | +$10.7M |
|
722
CubeSmart
CUBE
$9.29B
| $190M | 0.01% |
4,661,921
+133,167
| +3% | +$5.43M |
|
723
Penumbra
PEN
$12.8B
| $189M | 0.01% |
747,772
+41,368
| +6% | +$10.4M |
|
724
Acuity Brands
AYI
$10.7B
| $189M | 0.01% |
549,229
-128,525
| -19% | -$41M |
|
725
Celsius Holdings
CELH
$6.95B
| $189M | 0.01% |
3,287,985
+127,971
| +4% | +$6.69M |
|
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.