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 | |
|---|---|---|---|---|---|---|
1326
Euronet Worldwide
EEFT
$2.66B
| $65M | ﹤0.01% |
739,685
-2,104
| -0.3% | -$202K |
|
|
TTAN
1327
ServiceTitan Inc
TTAN
$8.78B
| $65M | ﹤0.01% |
643,997
+483,022
| +300% | +$53M |
|
1328
Veracyte
VCYT
$3.59B
| $64.9M | ﹤0.01% |
1,891,453
-39,947
| -2% | -$1.15M |
|
1329
Plug Power
PLUG
$3.2B
| $64.8M | ﹤0.01% |
27,812,347
+3,740,443
| +16% | +$6.34M |
|
1330
Amkor Technology
AMKR
$13.8B
| $64.7M | ﹤0.01% |
2,279,431
+23,956
| +1% | +$577K |
|
1331
Summit Therapeutics
SMMT
$12B
| $64.7M | ﹤0.01% |
3,132,735
+197,920
| +7% | +$4.8M |
|
|
SARO
1332
StandardAero Inc
SARO
$9.06B
| $64.4M | ﹤0.01% |
2,361,176
+170,304
| +8% | +$4.78M |
|
1333
Alarm.com
ALRM
$2.72B
| $64.4M | ﹤0.01% |
1,212,278
+9,966
| +0.8% | +$556K |
|
1334
Seacoast Banking Corp of Florida
SBCF
$3.44B
| $64M | ﹤0.01% |
2,101,286
+28,996
| +1% | +$860K |
|
1335
Bread Financial
BFH
$4.46B
| $63.9M | ﹤0.01% |
1,145,474
+9,690
| +0.9% | +$598K |
|
1336
PBF Energy
PBF
$8.34B
| $63.7M | ﹤0.01% |
2,109,641
-136,334
| -6% | -$3.56M |
|
|
AMTM
1337
Amentum Holdings
AMTM
$5.51B
| $63.6M | ﹤0.01% |
2,654,184
+141,023
| +6% | +$3.43M |
|
1338
American Superconductor
AMSC
$1.56B
| $63.5M | ﹤0.01% |
1,069,855
+129,744
| +14% | +$6.49M |
|
|
EFOR
1339
Everforth Inc
EFOR
$1.34B
| $63.4M | ﹤0.01% |
1,338,453
+45,877
| +4% | +$2.34M |
|
1340
Envista
NVST
$4.61B
| $63.3M | ﹤0.01% |
3,106,294
+175,439
| +6% | +$3.6M |
|
1341
Warby Parker
WRBY
$3.13B
| $63M | ﹤0.01% |
2,285,387
+83,570
| +4% | +$2.11M |
|
1342
iShares MSCI Taiwan ETF
EWT
$11.4B
| – | – |
0
| – | – |
|
1343
Cheesecake Factory
CAKE
$5.84B
| $62.7M | ﹤0.01% |
1,147,597
+33,265
| +3% | +$2.04M |
|
1344
Dana Inc
DAN
$3.2B
| $62.5M | ﹤0.01% |
3,116,442
+19,504
| +0.6% | +$362K |
|
1345
Blackbaud
BLKB
$2.03B
| $62.2M | ﹤0.01% |
967,065
-25,192
| -3% | -$1.65M |
|
1346
Towne Bank
TOWN
$3.49B
| $62.2M | ﹤0.01% |
1,798,541
+73,153
| +4% | +$2.62M |
|
1347
Harley-Davidson
HOG
$2.7B
| $62.2M | ﹤0.01% |
2,228,192
+155,988
| +8% | +$4.19M |
|
1348
Alignment Healthcare
ALHC
$2.8B
| $61.8M | ﹤0.01% |
3,542,424
+678,873
| +24% | +$10.1M |
|
1349
CVB Financial
CVBF
$4.05B
| $61.5M | ﹤0.01% |
3,249,347
+27,658
| +0.9% | +$551K |
|
1350
TFI International
TFII
$12B
| $61.4M | ﹤0.01% |
695,310
+62,884
| +10% | +$5.75M |
|
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.