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 | |
|---|---|---|---|---|---|---|
1051
OSI Systems
OSIS
$3.82B
| $105M | 0.01% |
410,963
+16,692
| +4% | +$4.36M |
|
|
FOLD
1052
DELISTED
Amicus Therapeutics
FOLD
| $105M | 0.01% |
7,345,267
+246,174
| +3% | +$2.42M |
|
1053
Crinetics Pharmaceuticals
CRNX
$8.96B
| $104M | 0.01% |
2,242,631
-36,199
| -2% | -$1.61M |
|
1054
Weatherford International
WFRD
$6.65B
| $104M | 0.01% |
1,333,358
-18,246
| -1% | -$1.32M |
|
1055
CNO Financial Group
CNO
$5.02B
| $104M | 0.01% |
2,455,372
-7,640
| -0.3% | -$311K |
|
1056
Sunrun
RUN
$2.37B
| $104M | 0.01% |
5,663,239
+205,627
| +4% | +$3.94M |
|
|
PSKY
1057
Paramount Skydance Corp
PSKY
$10.7B
| $104M | 0.01% |
7,752,194
-591,310
| -7% | -$9.23M |
|
|
MZTI
1058
The Marzetti Company
MZTI
$3.18B
| $104M | 0.01% |
630,508
+10,552
| +2% | +$1.76M |
|
1059
Box
BOX
$4.48B
| $103M | 0.01% |
3,451,683
+6,298
| +0.2% | +$198K |
|
1060
BrightSpring Health Services
BTSG
$11.8B
| $103M | 0.01% |
2,746,011
+386,186
| +16% | +$13M |
|
1061
Workiva
WK
$3.7B
| $103M | 0.01% |
1,192,149
-5,074
| -0.4% | -$449K |
|
1062
Bio-Rad Laboratories Class A
BIO
$9.68B
| $103M | 0.01% |
338,328
-11,888
| -3% | -$3.71M |
|
1063
Lemonade
LMND
$4B
| $102M | 0.01% |
1,438,358
+67,562
| +5% | +$4.54M |
|
1064
Darling Ingredients
DAR
$10B
| $102M | 0.01% |
2,839,649
+76,151
| +3% | +$2.58M |
|
1065
GitLab
GTLB
$6.89B
| $102M | 0.01% |
2,723,013
+97,342
| +4% | +$4.21M |
|
1066
Skywest
SKYW
$4.16B
| $102M | 0.01% |
1,014,569
+1,093
| +0.1% | +$109K |
|
1067
Indivior Pharmaceuticals
INDV
$4.57B
| $102M | 0.01% |
2,837,824
-18,607
| -0.7% | -$568K |
|
1068
TG Therapeutics
TGTX
$7.58B
| $101M | 0.01% |
3,403,866
-40,053
| -1% | -$1.31M |
|
1069
UL Solutions
ULS
$15.5B
| $101M | 0.01% |
1,282,676
+230,660
| +22% | +$18.5M |
|
1070
Futu Holdings
FUTU
$14.7B
| $101M | 0.01% |
621,466
-14,278
| -2% | -$2.45M |
|
1071
Centrus Energy
LEU
$3.69B
| $101M | 0.01% |
414,933
+29,857
| +8% | +$9.02M |
|
1072
Bright Horizons
BFAM
$3.76B
| $101M | 0.01% |
991,956
+5,493
| +0.6% | +$554K |
|
1073
Stantec
STN
$8.47B
| $100M | 0.01% |
1,058,720
+68,978
| +7% | +$7.1M |
|
1074
Descartes Systems
DSGX
$6.65B
| $100M | 0.01% |
1,122,692
+251,026
| +29% | +$22.4M |
|
1075
Academy Sports + Outdoors
ASO
$3.05B
| $100M | 0.01% |
2,006,467
+5,933
| +0.3% | +$294K |
|
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.