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 | |
|---|---|---|---|---|---|---|
726
Pan American Silver
PAAS
$21.8B
| $197M | 0.01% |
3,827,024
+252,309
| +7% | +$10.6M |
|
727
AptarGroup
ATR
$8.57B
| $197M | 0.01% |
1,618,896
+15,197
| +0.9% | +$1.88M |
|
728
Teck Resources
TECK
$32.4B
| $197M | 0.01% |
4,141,019
+182,251
| +5% | +$7.89M |
|
729
American Airlines Group
AAL
$10.1B
| $196M | 0.01% |
12,803,168
+159,844
| +1% | +$2.16M |
|
730
Webster Financial
WBS
$12.8B
| $195M | 0.01% |
3,089,758
-39,932
| -1% | -$2.37M |
|
731
Cytokinetics
CYTK
$10.6B
| $194M | 0.01% |
3,056,017
+15,815
| +0.5% | +$984K |
|
732
Armstrong World Industries
AWI
$7.89B
| $194M | 0.01% |
1,015,154
+61,647
| +6% | +$11.8M |
|
733
BorgWarner
BWA
$14.2B
| $194M | 0.01% |
4,297,717
+423,933
| +11% | +$18.6M |
|
734
Rubrik
RBRK
$20B
| $193M | 0.01% |
2,528,649
+178,714
| +8% | +$13.7M |
|
735
Franklin Resources
BEN
$16.9B
| $193M | 0.01% |
8,069,495
+272,335
| +3% | +$6.25M |
|
736
Viper Energy
VNOM
$15.4B
| $193M | 0.01% |
4,986,716
+258,082
| +5% | +$9.77M |
|
737
Allison Transmission
ALSN
$10.3B
| $192M | 0.01% |
1,960,380
-19,928
| -1% | -$1.75M |
|
738
Wayfair
W
$14.1B
| $191M | 0.01% |
1,903,219
+185,897
| +11% | +$17.9M |
|
739
Old Republic International
ORI
$10.2B
| $191M | 0.01% |
4,181,149
+72,857
| +2% | +$3.16M |
|
740
Hormel Foods
HRL
$13.4B
| $191M | 0.01% |
8,080,832
+63,583
| +0.8% | +$1.48M |
|
741
SiTime
SITM
$20.1B
| $191M | 0.01% |
539,425
+15,850
| +3% | +$4.96M |
|
742
Chord Energy
CHRD
$7.62B
| $190M | 0.01% |
2,053,045
+277,588
| +16% | +$25.7M |
|
743
MGM Resorts International
MGM
$11.1B
| $190M | 0.01% |
5,224,452
+49,613
| +1% | +$1.68M |
|
744
Core & Main
CNM
$8.73B
| $189M | 0.01% |
3,645,108
+84,657
| +2% | +$4.34M |
|
|
JBTM
745
JBT Marel
JBTM
$6.32B
| $188M | 0.01% |
1,246,584
+8,291
| +0.7% | +$1.17M |
|
746
Federal Signal
FSS
$7.86B
| $187M | 0.01% |
1,725,757
+18,587
| +1% | +$2.13M |
|
747
CGI
GIB
$15.5B
| $187M | 0.01% |
1,996,023
+96,399
| +5% | +$8.59M |
|
|
FYBR
748
DELISTED
Frontier Communications
FYBR
| $187M | 0.01% |
4,912,743
+427,355
| +10% | +$16.2M |
|
|
PR
749
Permian Resources
PR
$18B
| $187M | 0.01% |
13,291,523
+382,777
| +3% | +$5.14M |
|
750
Antero Midstream
AM
$10.5B
| $186M | 0.01% |
10,472,491
+1,161,684
| +12% | +$20.9M |
|
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.