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 | |
|---|---|---|---|---|---|---|
1301
Unifirst Corp
UNF
$5.24B
| $69.2M | ﹤0.01% |
358,876
-8,032
| -2% | -$1.36M |
|
1302
Chesapeake Utilities
CPK
$3.25B
| $69.2M | ﹤0.01% |
554,714
+6,808
| +1% | +$898K |
|
1303
LCI Industries
LCII
$2.6B
| $69M | ﹤0.01% |
568,894
-13,909
| -2% | -$1.48M |
|
1304
Oscar Health
OSCR
$9.14B
| $69M | ﹤0.01% |
4,798,313
+116,430
| +2% | +$2.01M |
|
1305
BlackLine
BL
$1.65B
| $68.9M | ﹤0.01% |
1,245,237
-18,180
| -1% | -$1M |
|
1306
Tenable Holdings
TENB
$4.08B
| $68.8M | ﹤0.01% |
2,925,410
-12,798
| -0.4% | -$350K |
|
1307
Assured Guaranty
AGO
$3.29B
| $68.7M | ﹤0.01% |
764,103
-16,572
| -2% | -$1.43M |
|
|
GRAL
1308
GRAIL Inc
GRAL
$3.08B
| $68.6M | ﹤0.01% |
801,503
+71,253
| +10% | +$6.16M |
|
|
SARO
1309
StandardAero Inc
SARO
$9.06B
| $68.5M | ﹤0.01% |
2,386,319
+25,143
| +1% | +$685K |
|
1310
Stride
LRN
$3.27B
| $68.4M | ﹤0.01% |
1,052,612
+8,919
| +0.9% | +$810K |
|
1311
Griffon
GFF
$4.75B
| $67.9M | ﹤0.01% |
922,091
+1,086
| +0.1% | +$80.7K |
|
1312
Warner Music
WMG
$13B
| $67.7M | ﹤0.01% |
2,208,005
+56,727
| +3% | +$1.73M |
|
1313
Opendoor
OPEN
$3.39B
| $67.7M | ﹤0.01% |
11,613,573
+1,754,309
| +18% | +$12.6M |
|
|
CPRX
1314
DELISTED
Catalyst Pharmaceutical
CPRX
| $67.7M | ﹤0.01% |
2,900,337
+10,017
| +0.3% | +$223K |
|
1315
Garrett Motion
GTX
$5.47B
| $67.7M | ﹤0.01% |
3,881,043
+380,729
| +11% | +$6.06M |
|
1316
Boise Cascade
BCC
$2.94B
| $67.4M | ﹤0.01% |
916,089
-873
| -0.1% | -$63.7K |
|
1317
Visteon
VC
$2.84B
| $67.4M | ﹤0.01% |
708,440
+5,151
| +0.7% | +$546K |
|
1318
Intapp
INTA
$3.05B
| $67.3M | ﹤0.01% |
1,469,208
+31,557
| +2% | +$1.31M |
|
1319
Trex
TREX
$5.05B
| $67.1M | ﹤0.01% |
1,913,263
+24,892
| +1% | +$1.01M |
|
1320
Simmons First National
SFNC
$3.45B
| $67.1M | ﹤0.01% |
3,558,574
+53,994
| +2% | +$1M |
|
1321
Rayonier
RYN
$6.47B
| $66.9M | ﹤0.01% |
3,089,936
+31,332
| +1% | +$708K |
|
1322
Helmerich & Payne
HP
$4.29B
| $66.8M | ﹤0.01% |
2,328,848
-1,397
| -0.1% | -$37.1K |
|
1323
Privia Health
PRVA
$2.75B
| $66.7M | ﹤0.01% |
2,814,290
+31,204
| +1% | +$760K |
|
1324
MDU Resources
MDU
$4.32B
| $66.7M | ﹤0.01% |
3,415,233
+21,460
| +0.6% | +$422K |
|
1325
Diodes
DIOD
$4.93B
| $66.6M | ﹤0.01% |
1,350,436
+11,799
| +0.9% | +$597K |
|
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.