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 | |
|---|---|---|---|---|---|---|
|
SLNO
1251
DELISTED
Soleno Therapeutics
SLNO
| $73.4M | ﹤0.01% |
1,084,952
+182,556
| +20% | +$13.5M |
|
1252
Warner Music
WMG
$13B
| $73.3M | ﹤0.01% |
2,151,278
+130,346
| +6% | +$4.16M |
|
1253
Planet Labs
PL
$8.73B
| $73.1M | ﹤0.01% |
5,631,261
+562,993
| +11% | +$4.34M |
|
1254
Apple Hospitality REIT
APLE
$3.71B
| $72.9M | ﹤0.01% |
6,065,769
+240,918
| +4% | +$2.98M |
|
|
GLXY
1255
Galaxy Digital Inc
GLXY
$4.1B
| $72.8M | ﹤0.01% |
2,153,424
+166,446
| +8% | +$4.49M |
|
1256
Scholar Rock
SRRK
$6.55B
| $72.8M | ﹤0.01% |
1,954,810
+67,400
| +4% | +$2.36M |
|
1257
Powell Industries
POWL
$7.58B
| $72.7M | ﹤0.01% |
715,710
+2,565
| +0.4% | +$218K |
|
1258
Leonardo DRS
DRS
$12.1B
| $72.3M | ﹤0.01% |
1,592,879
+59,497
| +4% | +$2.59M |
|
1259
Red Rock Resorts
RRR
$3.73B
| $72.3M | ﹤0.01% |
1,183,905
-13,884
| -1% | -$817K |
|
1260
Kymera Therapeutics
KYMR
$9.48B
| $72.3M | ﹤0.01% |
1,276,766
+83,654
| +7% | +$3.77M |
|
1261
First Interstate BancSystem
FIBK
$3.67B
| $72.2M | ﹤0.01% |
2,265,574
+86,481
| +4% | +$2.69M |
|
1262
Robert Half
RHI
$4.25B
| $72.1M | ﹤0.01% |
2,121,144
-196,641
| -8% | -$7.38M |
|
1263
McGrath RentCorp
MGRC
$2.94B
| $72M | ﹤0.01% |
613,580
+3,349
| +0.5% | +$404K |
|
1264
FMC
FMC
$1.28B
| $71.8M | ﹤0.01% |
2,133,835
+8,841
| +0.4% | +$345K |
|
1265
Travel + Leisure Co
TNL
$4.58B
| $71.3M | ﹤0.01% |
1,198,781
+986
| +0.1% | +$59.2K |
|
1266
Diodes
DIOD
$4.93B
| $71.2M | ﹤0.01% |
1,338,637
+9,880
| +0.7% | +$530K |
|
1267
ICU Medical
ICUI
$4.48B
| $71.2M | ﹤0.01% |
593,328
-10,766
| -2% | -$1.36M |
|
1268
Boise Cascade
BCC
$2.94B
| $70.9M | ﹤0.01% |
916,962
-30,515
| -3% | -$2.61M |
|
|
KRMN
1269
Karman Holdings
KRMN
$8.21B
| $70.9M | ﹤0.01% |
981,602
+580,939
| +145% | +$31.9M |
|
1270
Eos Energy Enterprises
EOSE
$1.54B
| $70.7M | ﹤0.01% |
6,207,175
+799,245
| +15% | +$5.47M |
|
1271
White Mountains Insurance
WTM
$5.06B
| $70.4M | ﹤0.01% |
42,090
-439
| -1% | -$783K |
|
1272
ASML
ASML
$695B
| $70.2M | ﹤0.01% |
72,514
-791
| -1% | -$622K |
|
1273
Vipshop
VIPS
$6.94B
| $70.2M | ﹤0.01% |
3,593,403
+94,612
| +3% | +$1.57M |
|
1274
Griffon
GFF
$4.75B
| $70.1M | ﹤0.01% |
921,005
+16,001
| +2% | +$1.23M |
|
1275
BrightSpring Health Services
BTSG
$11.8B
| $69.8M | ﹤0.01% |
2,359,825
+454,622
| +24% | +$10.6M |
|
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.