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 | |
|---|---|---|---|---|---|---|
1226
Cactus
WHD
$5.8B
| $76.4M | ﹤0.01% |
1,935,644
+23,251
| +1% | +$978K |
|
1227
monday.com
MNDY
$3.63B
| $76.1M | ﹤0.01% |
395,421
+13,649
| +4% | +$3.14M |
|
|
SPR
1228
DELISTED
Spirit AeroSystems
SPR
| $76.1M | ﹤0.01% |
1,971,940
+40,438
| +2% | +$1.62M |
|
1229
Opendoor
OPEN
$3.39B
| $76.1M | ﹤0.01% |
9,859,264
+654,402
| +7% | +$2.65M |
|
|
ACLX
1230
DELISTED
Arcellx
ACLX
| $76.1M | ﹤0.01% |
926,304
-35,474
| -4% | -$2.55M |
|
1231
NMI Holdings
NMIH
$3.38B
| $75.8M | ﹤0.01% |
1,977,448
+10,478
| +0.5% | +$410K |
|
|
MRP
1232
Millrose Properties Inc
MRP
$4.94B
| $75.8M | ﹤0.01% |
2,253,869
+45,076
| +2% | +$1.46M |
|
1233
LivaNova
LIVN
$4.45B
| $75.8M | ﹤0.01% |
1,446,088
+16,348
| +1% | +$823K |
|
1234
PVH
PVH
$3.76B
| $75.7M | ﹤0.01% |
903,640
+5,483
| +0.6% | +$431K |
|
1235
AAR Corp
AIR
$5.96B
| $75.5M | ﹤0.01% |
841,933
+3,441
| +0.4% | +$262K |
|
1236
Avient
AVNT
$4.16B
| $74.9M | ﹤0.01% |
2,271,520
+18,665
| +0.8% | +$649K |
|
1237
Avista
AVA
$3.23B
| $74.8M | ﹤0.01% |
1,978,151
+20,117
| +1% | +$748K |
|
1238
WesBanco
WSBC
$4.07B
| $74.7M | ﹤0.01% |
2,340,338
-49,139
| -2% | -$1.57M |
|
|
OPLN
1239
Openlane
OPLN
$4.34B
| $74.6M | ﹤0.01% |
2,590,733
+73,750
| +3% | +$2.01M |
|
1240
UL Solutions
ULS
$15.5B
| $74.6M | ﹤0.01% |
1,052,016
+52,509
| +5% | +$3.58M |
|
1241
WSFS Financial
WSFS
$4.15B
| $74.4M | ﹤0.01% |
1,379,465
-36,475
| -3% | -$2.06M |
|
1242
Mirum Pharmaceuticals
MIRM
$6.04B
| $74.1M | ﹤0.01% |
1,010,022
-19,594
| -2% | -$1.25M |
|
1243
Magnite
MGNI
$3.49B
| $74M | ﹤0.01% |
3,399,093
+182,251
| +6% | +$4.3M |
|
1244
Perimeter Solutions
PRM
$5.66B
| $73.9M | ﹤0.01% |
3,299,385
+7,106
| +0.2% | +$135K |
|
1245
Chesapeake Utilities
CPK
$3.25B
| $73.8M | ﹤0.01% |
547,906
+2,760
| +0.5% | +$343K |
|
1246
Silgan Holdings
SLGN
$4.3B
| $73.7M | ﹤0.01% |
1,713,340
+139,693
| +9% | +$6.76M |
|
|
MTSR
1247
DELISTED
Metsera Inc
MTSR
| $73.4M | ﹤0.01% |
1,403,002
+936,047
| +200% | +$34.5M |
|
1248
Blackstone Mortgage Trust
BXMT
$2.41B
| $73.4M | ﹤0.01% |
3,986,473
+44,055
| +1% | +$850K |
|
1249
Lemonade
LMND
$4B
| $73.4M | ﹤0.01% |
1,370,796
+72,853
| +6% | +$3.55M |
|
1250
Community Bank
CBU
$3.43B
| $73.4M | ﹤0.01% |
1,251,067
+8,300
| +0.7% | +$481K |
|
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.