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 | |
|---|---|---|---|---|---|---|
|
RAL
1201
Ralliant Corp
RAL
$8.03B
| $81.1M | 0.01% |
1,854,754
-154,054
| -8% | -$6.85M |
|
|
FLG
1202
Flagstar Bank National Association
FLG
$5.9B
| $81.1M | 0.01% |
7,019,981
-442,896
| -6% | -$5.27M |
|
|
REVG
1203
DELISTED
REV Group
REVG
| $80.3M | 0.01% |
1,416,890
+20,925
| +1% | +$1.11M |
|
1204
UiPath
PATH
$7.91B
| $79.9M | 0.01% |
5,971,535
-1,030,847
| -15% | -$12.2M |
|
1205
Zillow
ZG
$7.53B
| $79.7M | 0.01% |
1,069,656
+48,279
| +5% | +$3.8M |
|
1206
WD-40
WDFC
$3.12B
| $79.7M | 0.01% |
403,045
+3,859
| +1% | +$836K |
|
1207
MYR Group
MYRG
$5.18B
| $79.6M | 0.01% |
382,655
+9,485
| +3% | +$1.77M |
|
1208
Matsons
MATX
$6.41B
| $79.6M | 0.01% |
806,822
-9,489
| -1% | -$1.01M |
|
1209
Warrior Met Coal
HCC
$5.11B
| $79.1M | 0.01% |
1,243,275
-26,613
| -2% | -$1.52M |
|
1210
Parsons
PSN
$5.16B
| $78.7M | 0.01% |
948,656
+81,916
| +9% | +$6.34M |
|
1211
Valaris
VAL
$5.92B
| $78.3M | 0.01% |
1,606,082
+13,197
| +0.8% | +$644K |
|
1212
Polaris
PII
$3.9B
| $78.1M | 0.01% |
1,343,528
+31,869
| +2% | +$1.72M |
|
1213
Peabody Energy
BTU
$3.01B
| $77.8M | 0.01% |
2,931,577
-77,895
| -3% | -$1.39M |
|
1214
AZZ Inc
AZZ
$4.55B
| $77.5M | ﹤0.01% |
710,260
+1,408
| +0.2% | +$156K |
|
1215
Rayonier
RYN
$6.47B
| $77.4M | ﹤0.01% |
3,058,604
+87,058
| +3% | +$2.09M |
|
1216
CarGurus
CARG
$3.29B
| $77.3M | ﹤0.01% |
2,076,527
+8,774
| +0.4% | +$300K |
|
1217
MGE Energy Inc
MGEE
$3.07B
| $77.3M | ﹤0.01% |
918,260
+5,525
| +0.6% | +$472K |
|
1218
Southern Copper
SCCO
$165B
| $77.3M | ﹤0.01% |
667,868
+9,356
| +1% | +$907K |
|
1219
Palomar
PLMR
$3.36B
| $77M | ﹤0.01% |
659,605
+2,075
| +0.3% | +$263K |
|
1220
Newmark Group
NMRK
$2.63B
| $77M | ﹤0.01% |
4,126,389
+302,957
| +8% | +$4.92M |
|
1221
CAE Inc. Common Shares
CAE
$8.9B
| $76.8M | ﹤0.01% |
2,608,794
+304,244
| +13% | +$8.56M |
|
1222
Brunswick
BC
$5.21B
| $76.7M | ﹤0.01% |
1,212,099
+75,939
| +7% | +$4.71M |
|
1223
H.B. Fuller
FUL
$3.24B
| $76.6M | ﹤0.01% |
1,292,643
+6,295
| +0.5% | +$378K |
|
1224
Sonoco
SON
$5.74B
| $76.6M | ﹤0.01% |
1,776,254
+26,902
| +2% | +$1.24M |
|
1225
Victory Capital Holdings
VCTR
$7.15B
| $76.4M | ﹤0.01% |
1,180,211
-178,909
| -13% | -$12.3M |
|
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.