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 | |
|---|---|---|---|---|---|---|
1126
Macy's
M
$6.26B
| $91.5M | 0.01% |
5,102,542
+101,169
| +2% | +$1.43M |
|
1127
Life Time Group Holdings
LTH
$9.79B
| $91.4M | 0.01% |
3,311,989
+331,138
| +11% | +$9.45M |
|
1128
Hawkins
HWKN
$2.7B
| $91.3M | 0.01% |
499,707
+21,359
| +4% | +$3.57M |
|
1129
Transmedics
TMDX
$3.02B
| $91.3M | 0.01% |
813,571
+8,921
| +1% | +$1.04M |
|
1130
California Resources
CRC
$4.75B
| $91M | 0.01% |
1,711,410
+64,694
| +4% | +$3.24M |
|
1131
COPT Defense Properties
CDP
$4.19B
| $91M | 0.01% |
3,132,081
+30,389
| +1% | +$873K |
|
|
UCB
1132
United Community Banks
UCB
$4.39B
| $90.8M | 0.01% |
2,895,907
+16,127
| +0.6% | +$510K |
|
1133
Novanta
NOVT
$6.32B
| $90.7M | 0.01% |
905,353
-14,313
| -2% | -$1.7M |
|
1134
Axcelis
ACLS
$4.39B
| $90.5M | 0.01% |
926,739
+1,434
| +0.2% | +$115K |
|
1135
EPR Properties
EPR
$4.7B
| $90.4M | 0.01% |
1,557,804
+80,931
| +5% | +$4.55M |
|
1136
Lantheus
LNTH
$6.57B
| $90M | 0.01% |
1,754,504
-22,431
| -1% | -$1.4M |
|
1137
ADT
ADT
$5.34B
| $90M | 0.01% |
10,329,328
+2,531,961
| +32% | +$21.7M |
|
1138
SiriusXM
SIRI
$9.59B
| $89.8M | 0.01% |
3,856,254
-85,917
| -2% | -$1.99M |
|
1139
Zeta Global
ZETA
$7.17B
| $89.8M | 0.01% |
4,517,142
-318,478
| -7% | -$5.72M |
|
1140
Genworth Financial
GNW
$3.79B
| $89.7M | 0.01% |
10,081,021
+60,591
| +0.6% | +$500K |
|
1141
U-Haul Holding Co Series N
UHAL.B
$12.7B
| $89.7M | 0.01% |
1,767,601
+57,889
| +3% | +$3.08M |
|
1142
Prestige Consumer Healthcare
PBH
$2.48B
| $89.7M | 0.01% |
1,437,433
+24,392
| +2% | +$1.7M |
|
|
SEE
1143
DELISTED
Sealed Air
SEE
| $89.6M | 0.01% |
2,534,890
+81,674
| +3% | +$2.6M |
|
1144
Viasat
VSAT
$12B
| $89.5M | 0.01% |
3,055,485
+558,034
| +22% | +$13.3M |
|
1145
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.37B
| $88.7M | 0.01% |
2,889,912
+8,689
| +0.3% | +$240K |
|
1146
Oscar Health
OSCR
$9.14B
| $88.6M | 0.01% |
4,681,883
+175,765
| +4% | +$2.9M |
|
1147
Enphase Energy
ENPH
$5.39B
| $88.5M | 0.01% |
2,499,289
-1,043,589
| -29% | -$38.8M |
|
1148
Hexcel
HXL
$7.74B
| $88.3M | 0.01% |
1,407,749
+16,101
| +1% | +$989K |
|
|
CCC
1149
CCC Intelligent Solutions
CCC
$4.11B
| $88M | 0.01% |
9,660,912
+1,104,246
| +13% | +$10.7M |
|
1150
QuantumScape Corp
QS
$3.92B
| $88M | 0.01% |
7,137,856
+223,176
| +3% | +$2.18M |
|
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.