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 | |
|---|---|---|---|---|---|---|
1001
Box
BOX
$4.48B
| $111M | 0.01% |
3,445,385
+98,462
| +3% | +$3.19M |
|
1002
Vontier
VNT
$4.52B
| $111M | 0.01% |
2,646,112
+16,437
| +0.6% | +$677K |
|
1003
Exponent
EXPO
$3.22B
| $111M | 0.01% |
1,593,286
-4,256
| -0.3% | -$304K |
|
|
AL
1004
DELISTED
Air Lease Corp
AL
| $111M | 0.01% |
1,738,674
+42,679
| +3% | +$2.55M |
|
1005
AutoNation
AN
$6.9B
| $110M | 0.01% |
503,310
+47,620
| +10% | +$10M |
|
1006
SLM Corp
SLM
$5.26B
| $110M | 0.01% |
3,967,606
+133,720
| +3% | +$4.17M |
|
1007
Futu Holdings
FUTU
$14.7B
| $109M | 0.01% |
635,744
+14,266
| +2% | +$2.37M |
|
1008
Teleflex
TFX
$6.03B
| $109M | 0.01% |
891,005
-96,641
| -10% | -$11.7M |
|
1009
KBR
KBR
$4.8B
| $109M | 0.01% |
2,302,692
+51,634
| +2% | +$2.5M |
|
|
CFLT
1010
DELISTED
Confluent
CFLT
| $109M | 0.01% |
5,490,903
+255,084
| +5% | +$5.34M |
|
1011
EnerSys
ENS
$6.81B
| $109M | 0.01% |
961,908
-27,112
| -3% | -$2.67M |
|
1012
CleanSpark
CLSK
$3.13B
| $109M | 0.01% |
7,489,141
-47,631
| -0.6% | -$537K |
|
1013
KB Home
KBH
$3.42B
| $108M | 0.01% |
1,703,329
-81,069
| -5% | -$4.9M |
|
1014
Knife River
KNF
$3.83B
| $108M | 0.01% |
1,408,283
+12,557
| +0.9% | +$1.03M |
|
1015
Arrowhead Research
ARWR
$12.3B
| $108M | 0.01% |
3,131,042
+152,537
| +5% | +$3.35M |
|
1016
Bank OZK
OZK
$5.69B
| $108M | 0.01% |
2,117,704
+73,412
| +4% | +$3.75M |
|
1017
Magnolia Oil & Gas
MGY
$6.25B
| $108M | 0.01% |
4,520,985
-10,870
| -0.2% | -$259K |
|
1018
Krystal Biotech
KRYS
$9.85B
| $108M | 0.01% |
611,244
-8,303
| -1% | -$1.24M |
|
1019
Aurora
AUR
$13.5B
| $108M | 0.01% |
19,989,918
+1,306,815
| +7% | +$7.67M |
|
1020
Q2 Holdings
QTWO
$3.9B
| $108M | 0.01% |
1,488,215
+17,936
| +1% | +$1.47M |
|
1021
Arcosa
ACA
$7.12B
| $108M | 0.01% |
1,149,395
-15,723
| -1% | -$1.46M |
|
1022
Gates Industrial Corporation Ltd.
GTES
$7.05B
| $108M | 0.01% |
4,333,066
+369,073
| +9% | +$9.17M |
|
1023
NuScale Power
SMR
$3.94B
| $107M | 0.01% |
2,984,473
+129,809
| +5% | +$5.17M |
|
1024
Glaukos
GKOS
$11B
| $107M | 0.01% |
1,316,087
-14,506
| -1% | -$1.33M |
|
1025
Archrock
AROC
$5.84B
| $107M | 0.01% |
4,079,068
+15,599
| +0.4% | +$376K |
|
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.