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 | |
|---|---|---|---|---|---|---|
1176
Viking Holdings
VIK
$46.5B
| $85.2M | 0.01% |
1,370,628
+51,198
| +4% | +$3.05M |
|
1177
Liberty Live Group Series C
LLYVK
$9.8B
| $84.8M | 0.01% |
874,442
+43,380
| +5% | +$3.92M |
|
|
AKRO
1178
DELISTED
Akero Therapeutics
AKRO
| $84.8M | 0.01% |
1,785,586
+63,181
| +4% | +$3.06M |
|
1179
Peloton Interactive
PTON
$2.38B
| $84.4M | 0.01% |
9,371,501
+229,959
| +3% | +$1.71M |
|
1180
Visteon
VC
$2.84B
| $84.3M | 0.01% |
703,289
+3,293
| +0.5% | +$388K |
|
1181
Patrick Industries
PATK
$2.79B
| $84.3M | 0.01% |
814,672
+1,932
| +0.2% | +$203K |
|
1182
Calix
CALX
$2.51B
| $84.2M | 0.01% |
1,371,103
+15,978
| +1% | +$920K |
|
1183
Ligand Pharmaceuticals
LGND
$5.85B
| $84M | 0.01% |
474,189
-14,589
| -3% | -$2.17M |
|
1184
Independent Bank
INDB
$4.04B
| $83.9M | 0.01% |
1,212,189
+163,103
| +16% | +$11.1M |
|
1185
Descartes Systems
DSGX
$6.65B
| $83.8M | 0.01% |
871,666
+77,354
| +10% | +$7.91M |
|
1186
Cathay General Bancorp
CATY
$4.3B
| $83.5M | 0.01% |
1,739,771
+1,943
| +0.1% | +$93.4K |
|
1187
Tencent Music
TME
$13.9B
| $83.5M | 0.01% |
3,612,359
-870,540
| -19% | -$20.2M |
|
1188
BellRing Brands
BRBR
$1.26B
| $83.3M | 0.01% |
2,289,976
+45,079
| +2% | +$2.04M |
|
1189
Otter Tail
OTTR
$3.87B
| $83.2M | 0.01% |
1,015,098
+4,485
| +0.4% | +$364K |
|
1190
BGC Group
BGC
$5.12B
| $83.2M | 0.01% |
8,793,068
-76,855
| -0.9% | -$769K |
|
1191
Insight Enterprises
NSIT
$4.54B
| $83.1M | 0.01% |
733,029
+58,795
| +9% | +$7.65M |
|
1192
Renasant Corp
RNST
$3.96B
| $82.7M | 0.01% |
2,240,991
+37,809
| +2% | +$1.43M |
|
1193
Terex
TEX
$7.8B
| $82.6M | 0.01% |
1,610,235
-2,030
| -0.1% | -$103K |
|
1194
Rocket Companies
RKT
$39.8B
| $82.5M | 0.01% |
4,257,342
+1,526,838
| +56% | +$26.6M |
|
1195
Kirby Corp
KEX
$7.18B
| $82.2M | 0.01% |
984,901
+13,091
| +1% | +$1.32M |
|
1196
VSE Corp
VSEC
$6.81B
| $82.1M | 0.01% |
493,863
+30,805
| +7% | +$4.7M |
|
|
VISN
1197
Vistance Networks Inc
VISN
$2.67B
| $81.5M | 0.01% |
5,267,014
+52,541
| +1% | +$682K |
|
1198
Ambarella
AMBA
$3.66B
| $81.3M | 0.01% |
985,017
+8,736
| +0.9% | +$634K |
|
1199
Sensata Technologies
ST
$6.72B
| $81.3M | 0.01% |
2,660,437
+107,992
| +4% | +$3.41M |
|
1200
Clear Secure
YOU
$4.75B
| $81.2M | 0.01% |
2,432,718
-113,518
| -4% | -$3.76M |
|
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.