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 | |
|---|---|---|---|---|---|---|
1101
Tanger
SKT
$4.42B
| $96.1M | 0.01% |
2,879,693
+27,201
| +1% | +$907K |
|
1102
Enova International
ENVA
$6.48B
| $96.1M | 0.01% |
611,208
+18,258
| +3% | +$2.38M |
|
1103
First Bancorp
FBP
$4.46B
| $96M | 0.01% |
4,632,243
-30,604
| -0.7% | -$631K |
|
1104
Graham Holdings Company
GHC
$5.03B
| $95.8M | 0.01% |
87,169
+3,105
| +4% | +$3.32M |
|
1105
Haemonetics
HAE
$4.16B
| $95.8M | 0.01% |
1,194,551
-8,829
| -0.7% | -$593K |
|
1106
Saic
SAIC
$5.34B
| $95.7M | 0.01% |
950,873
-14,226
| -1% | -$1.36M |
|
1107
SiteOne Landscape Supply
SITE
$4.22B
| $95.5M | 0.01% |
766,520
+5,679
| +0.7% | +$719K |
|
1108
International Bancshares
IBOC
$4.52B
| $95.4M | 0.01% |
1,435,471
+9,496
| +0.7% | +$643K |
|
1109
Viavi Solutions
VIAV
$10.6B
| $95.4M | 0.01% |
5,351,211
+20,776
| +0.4% | +$335K |
|
|
VSXY
1110
Victoria's Secret
VSXY
$7.39B
| $95.4M | 0.01% |
1,760,139
+47,462
| +3% | +$1.89M |
|
|
RAL
1111
Ralliant Corp
RAL
$8.03B
| $95.4M | 0.01% |
1,872,647
+17,893
| +1% | +$839K |
|
1112
WEX
WEX
$6.48B
| $95.2M | 0.01% |
638,957
+6,971
| +1% | +$1.05M |
|
1113
GFL Environmental
GFL
$14.7B
| $95.2M | 0.01% |
2,224,997
+138,543
| +7% | +$6.19M |
|
1114
Matador Resources
MTDR
$6.5B
| $94.9M | 0.01% |
2,236,457
+18,729
| +0.8% | +$787K |
|
1115
Sensient Technologies
SXT
$5.55B
| $94.9M | 0.01% |
1,010,258
+4,123
| +0.4% | +$389K |
|
1116
Gates Industrial Corporation Ltd.
GTES
$7.05B
| $94.9M | 0.01% |
4,417,046
+83,980
| +2% | +$1.94M |
|
1117
Matsons
MATX
$6.41B
| $94.6M | 0.01% |
765,315
-41,507
| -5% | -$4.46M |
|
1118
Southern Copper
SCCO
$165B
| $94.5M | 0.01% |
684,509
+16,641
| +2% | +$2.18M |
|
|
FLG
1119
Flagstar Bank National Association
FLG
$5.9B
| $94.3M | 0.01% |
7,487,034
+467,053
| +7% | +$5.58M |
|
1120
Perimeter Solutions
PRM
$5.66B
| $94.2M | 0.01% |
3,421,820
+122,435
| +4% | +$3.09M |
|
1121
Transocean
RIG
$6.37B
| $94.2M | 0.01% |
22,797,180
+1,515,893
| +7% | +$5.89M |
|
1122
Louisiana-Pacific
LPX
$5.15B
| $93.7M | 0.01% |
1,160,434
+18,287
| +2% | +$1.55M |
|
1123
Cal-Maine
CALM
$3.86B
| $93.7M | 0.01% |
1,177,377
-11,660
| -1% | -$1.02M |
|
1124
Pricesmart
PSMT
$5.49B
| $93.6M | 0.01% |
763,261
+7,095
| +0.9% | +$866K |
|
1125
Life Time Group Holdings
LTH
$9.79B
| $93.6M | 0.01% |
3,519,811
+207,822
| +6% | +$5.41M |
|
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.