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 | |
|---|---|---|---|---|---|---|
751
Ovintiv
OVV
$17.5B
| $186M | 0.01% |
4,739,618
-12,672
| -0.3% | -$491K |
|
752
Axsome Therapeutics
AXSM
$11.4B
| $185M | 0.01% |
1,010,249
+12,549
| +1% | +$1.75M |
|
753
Antero Resources
AR
$11.5B
| $184M | 0.01% |
5,344,559
-133,945
| -2% | -$4.54M |
|
754
Advanced Drainage Systems
WMS
$10.5B
| $184M | 0.01% |
1,271,453
+15,069
| +1% | +$2.18M |
|
755
TTM Technologies
TTMI
$14.5B
| $184M | 0.01% |
2,667,956
+81,588
| +3% | +$5.33M |
|
756
Jackson Financial
JXN
$8.83B
| $183M | 0.01% |
1,720,294
+532
| +0% | +$52.9K |
|
757
Hims & Hers Health
HIMS
$6.92B
| $183M | 0.01% |
5,509,764
+608,950
| +12% | +$26.1M |
|
758
Jefferies Financial Group
JEF
$12.7B
| $182M | 0.01% |
2,942,554
+24,171
| +0.8% | +$1.39M |
|
759
Agree Realty
ADC
$9.24B
| $181M | 0.01% |
2,509,922
+117,346
| +5% | +$8.57M |
|
760
Planet Fitness
PLNT
$3.66B
| $180M | 0.01% |
1,658,435
+26,575
| +2% | +$2.74M |
|
761
Rexford Industrial Realty
REXR
$8.09B
| $180M | 0.01% |
4,644,325
-46,710
| -1% | -$1.93M |
|
762
Globus Medical
GMED
$11.3B
| $180M | 0.01% |
2,056,774
-6,201
| -0.3% | -$471K |
|
763
Wintrust Financial
WTFC
$10.9B
| $178M | 0.01% |
1,273,042
+16,997
| +1% | +$2.26M |
|
764
Ormat Technologies
ORA
$7.1B
| $178M | 0.01% |
1,611,360
+102,864
| +7% | +$11.3M |
|
765
Onto Innovation
ONTO
$20.6B
| $178M | 0.01% |
1,127,532
+352,316
| +45% | +$50M |
|
766
Roivant Sciences
ROIV
$26.3B
| $177M | 0.01% |
8,153,546
-49,048
| -0.6% | -$968K |
|
767
Applied Industrial Technologies
AIT
$13B
| $176M | 0.01% |
687,161
+1,889
| +0.3% | +$483K |
|
768
SouthState Bank Corp
SSB
$10.7B
| $176M | 0.01% |
1,866,033
+85,981
| +5% | +$7.96M |
|
769
Popular Inc
BPOP
$11.2B
| $175M | 0.01% |
1,405,575
+64,778
| +5% | +$7.66M |
|
770
Blue Owl Capital
OWL
$19B
| $175M | 0.01% |
11,709,690
+555,371
| +5% | +$8.68M |
|
771
Rigetti Computing
RGTI
$5.97B
| $175M | 0.01% |
7,879,325
+196,891
| +3% | +$6.42M |
|
772
Paylocity
PCTY
$7.63B
| $174M | 0.01% |
1,139,841
-74,651
| -6% | -$11.1M |
|
773
Zions Bancorporation
ZION
$10.4B
| $174M | 0.01% |
2,963,243
+30,881
| +1% | +$1.68M |
|
|
CFLT
774
DELISTED
Confluent
CFLT
| $173M | 0.01% |
5,713,499
+222,596
| +4% | +$5.46M |
|
775
Regal Rexnord
RRX
$11.3B
| $173M | 0.01% |
1,231,262
+55,797
| +5% | +$7.94M |
|
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.