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 | |
|---|---|---|---|---|---|---|
1126
Ligand Pharmaceuticals
LGND
$5.85B
| $93.3M | 0.01% |
493,589
+19,400
| +4% | +$3.73M |
|
1127
Vail Resorts
MTN
$5.29B
| $93.1M | 0.01% |
700,826
-9,627
| -1% | -$1.42M |
|
1128
Varonis Systems
VRNS
$4.82B
| $92.9M | 0.01% |
2,833,180
+151,961
| +6% | +$6.38M |
|
1129
Corcept Therapeutics
CORT
$12.1B
| $92.9M | 0.01% |
2,668,918
+734,646
| +38% | +$57.7M |
|
1130
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.37B
| $92.6M | 0.01% |
2,944,810
+54,898
| +2% | +$1.73M |
|
1131
Whirlpool
WHR
$2.79B
| $92.5M | 0.01% |
1,279,044
+29,162
| +2% | +$2.15M |
|
1132
Zeta Global
ZETA
$7.17B
| $92.2M | 0.01% |
4,532,098
+14,956
| +0.3% | +$279K |
|
|
BMNR
1133
BitMine Immersion Technologies
BMNR
$10.8B
| $91.9M | 0.01% |
3,384,840
+1,336,706
| +65% | +$54.2M |
|
|
CVSA
1134
Covista Inc
CVSA
$4.36B
| $91.9M | 0.01% |
888,224
+36,301
| +4% | +$4.16M |
|
1135
Franklin Electric
FELE
$4.75B
| $91.8M | 0.01% |
960,688
-18,163
| -2% | -$1.73M |
|
1136
SoundHound AI
SOUN
$3.29B
| $91.5M | 0.01% |
9,180,321
+273,097
| +3% | +$3.93M |
|
1137
KBR
KBR
$4.8B
| $91.5M | 0.01% |
2,276,599
-26,093
| -1% | -$1.12M |
|
1138
PennyMac Financial
PFSI
$4B
| $91.3M | 0.01% |
692,304
-3,205
| -0.5% | -$408K |
|
|
UCB
1139
United Community Banks
UCB
$4.39B
| $90.5M | 0.01% |
2,897,613
+1,706
| +0.1% | +$52.7K |
|
1140
Upstart Holdings
UPST
$2.83B
| $90.5M | 0.01% |
2,068,515
+26,734
| +1% | +$1.23M |
|
1141
Outfront Media
OUT
$5.29B
| $90.1M | 0.01% |
3,738,362
+127,117
| +4% | +$2.65M |
|
1142
Independent Bank
INDB
$4.04B
| $90.1M | 0.01% |
1,232,467
+20,278
| +2% | +$1.44M |
|
1143
KB Home
KBH
$3.42B
| $90M | 0.01% |
1,594,352
-108,977
| -6% | -$6.7M |
|
1144
LivaNova
LIVN
$4.45B
| $89.8M | 0.01% |
1,458,838
+12,750
| +0.9% | +$729K |
|
1145
Cactus
WHD
$5.8B
| $89.7M | 0.01% |
1,964,059
+28,415
| +1% | +$1.19M |
|
1146
Sensata Technologies
ST
$6.72B
| $89.7M | 0.01% |
2,693,488
+33,051
| +1% | +$1.06M |
|
1147
Kadant
KAI
$3.94B
| $89.7M | 0.01% |
314,496
+2,294
| +0.7% | +$652K |
|
1148
Scholar Rock
SRRK
$6.55B
| $89.6M | 0.01% |
2,034,024
+79,214
| +4% | +$2.97M |
|
1149
Marathon Digital Holdings
MARA
$3.72B
| $89.4M | 0.01% |
9,957,766
+251,674
| +3% | +$3.71M |
|
1150
Genworth Financial
GNW
$3.79B
| $89.4M | 0.01% |
9,895,219
-185,802
| -2% | -$1.62M |
|
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.