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 | |
|---|---|---|---|---|---|---|
1351
Freshworks
FRSH
$3.22B
| $62.8M | ﹤0.01% |
5,126,112
+95,720
| +2% | +$1.13M |
|
1352
CorVel
CRVL
$3.17B
| $62.8M | ﹤0.01% |
927,845
+28,666
| +3% | +$2.08M |
|
1353
CG Oncology
CGON
$6.82B
| $62.8M | ﹤0.01% |
1,511,533
+38,360
| +3% | +$1.59M |
|
1354
DigitalBridge
DBRG
$2.95B
| $62.6M | ﹤0.01% |
4,082,778
+104,773
| +3% | +$1.26M |
|
|
ACLX
1355
DELISTED
Arcellx
ACLX
| $62.5M | ﹤0.01% |
958,057
+31,753
| +3% | +$2.53M |
|
1356
Yeti Holdings
YETI
$3.85B
| $62.4M | ﹤0.01% |
1,412,157
-34,141
| -2% | -$1.31M |
|
1357
Huazhu Hotels Group
HTHT
$12.7B
| $62.2M | ﹤0.01% |
1,334,737
+22,129
| +2% | +$955K |
|
1358
Alarm.com
ALRM
$2.72B
| $62.2M | ﹤0.01% |
1,219,732
+7,454
| +0.6% | +$380K |
|
1359
WaFd
WAFD
$2.79B
| $62.2M | ﹤0.01% |
1,941,880
-15,223
| -0.8% | -$470K |
|
1360
Viridian Therapeutics
VRDN
$2.59B
| $62M | ﹤0.01% |
1,992,174
+225,987
| +13% | +$6.2M |
|
1361
BellRing Brands
BRBR
$1.26B
| $61.8M | ﹤0.01% |
2,310,170
+20,194
| +0.9% | +$627K |
|
1362
Vicor
VICR
$10.4B
| $61.7M | ﹤0.01% |
562,887
-13,354
| -2% | -$1.14M |
|
1363
Plug Power
PLUG
$3.2B
| $61.6M | ﹤0.01% |
31,268,670
+3,456,323
| +12% | +$9.02M |
|
1364
Sphere Entertainment
SPHR
$6.29B
| $61.6M | ﹤0.01% |
647,831
-23,307
| -3% | -$1.78M |
|
1365
California Water Service
CWT
$3.09B
| $61.6M | ﹤0.01% |
1,420,950
+4,613
| +0.3% | +$210K |
|
1366
WillScot Mobile Mini Holdings
WSC
$4B
| $61.5M | ﹤0.01% |
3,267,589
+173,777
| +6% | +$3.5M |
|
1367
ABM Industries
ABM
$2.84B
| $61.4M | ﹤0.01% |
1,450,871
-23,391
| -2% | -$1.03M |
|
1368
Standex International
SXI
$4B
| $61.2M | ﹤0.01% |
281,603
+798
| +0.3% | +$185K |
|
1369
Upwork
UPWK
$1.05B
| $61.1M | ﹤0.01% |
3,084,004
-1,114
| -0% | -$20.4K |
|
1370
SSR Mining
SSRM
$6.63B
| $61M | ﹤0.01% |
2,780,002
-1,693
| -0.1% | -$37.7K |
|
1371
Materion
MTRN
$5.9B
| $60.9M | ﹤0.01% |
489,539
-302
| -0.1% | -$37.2K |
|
1372
Blackbaud
BLKB
$2.03B
| $60.9M | ﹤0.01% |
961,138
-5,927
| -0.6% | -$367K |
|
1373
Vita Coco
COCO
$3.85B
| $60.8M | ﹤0.01% |
1,145,985
+72,403
| +7% | +$3.4M |
|
1374
Provident Financial Services
PFS
$3.24B
| $60.8M | ﹤0.01% |
3,075,508
+5,281
| +0.2% | +$102K |
|
1375
Insight Enterprises
NSIT
$4.54B
| $60.5M | ﹤0.01% |
741,948
+8,919
| +1% | +$836K |
|
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.