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 | |
|---|---|---|---|---|---|---|
1376
Towne Bank
TOWN
$3.51B
| $60.4M | ﹤0.01% |
1,811,213
+12,672
| +0.7% | +$427K |
|
1377
Peloton Interactive
PTON
$2.38B
| $60M | ﹤0.01% |
9,741,115
+369,614
| +4% | +$2.6M |
|
1378
CVB Financial
CVBF
$4.07B
| $59.8M | ﹤0.01% |
3,214,711
-34,636
| -1% | -$662K |
|
1379
Banc of California
BANC
$3.12B
| $59.8M | ﹤0.01% |
3,099,394
+32,085
| +1% | +$575K |
|
1380
PVH
PVH
$3.77B
| $59.7M | ﹤0.01% |
890,211
-13,429
| -1% | -$1.05M |
|
1381
Mercury Insurance
MCY
$5.91B
| $59.6M | ﹤0.01% |
633,478
-1,124
| -0.2% | -$97.5K |
|
1382
ePlus
PLUS
$2.32B
| $59.5M | ﹤0.01% |
678,887
+1,330
| +0.2% | +$110K |
|
1383
Alphatec Holdings
ATEC
$1.49B
| $59.5M | ﹤0.01% |
2,828,026
+32,465
| +1% | +$601K |
|
1384
First Financial Bancorp
FFBC
$3.6B
| $59.4M | ﹤0.01% |
2,374,365
+22,389
| +1% | +$559K |
|
1385
St. Joe Company
JOE
$3.89B
| $59.1M | ﹤0.01% |
994,963
+11,621
| +1% | +$651K |
|
1386
Brookdale Senior Living
BKD
$3.13B
| $59M | ﹤0.01% |
5,469,453
+42,375
| +0.8% | +$417K |
|
1387
Turning Point Brands
TPB
$1.76B
| $58.7M | ﹤0.01% |
541,667
+28,463
| +6% | +$2.78M |
|
1388
DNOW Inc
DNOW
$3.02B
| $58.7M | ﹤0.01% |
4,429,530
+1,844,779
| +71% | +$25.9M |
|
1389
Photronics
PLAB
$1.99B
| $58.6M | ﹤0.01% |
1,829,534
-14,263
| -0.8% | -$368K |
|
1390
Parsons
PSN
$5.22B
| $58.5M | ﹤0.01% |
946,303
-2,353
| -0.2% | -$184K |
|
|
CURB
1391
Curbline Properties
CURB
$3.49B
| $58.4M | ﹤0.01% |
2,516,893
+22,731
| +0.9% | +$530K |
|
1392
Cheesecake Factory
CAKE
$5.81B
| $58.2M | ﹤0.01% |
1,152,174
+4,577
| +0.4% | +$230K |
|
1393
Trustmark
TRMK
$2.82B
| $58.1M | ﹤0.01% |
1,491,837
+9,198
| +0.6% | +$358K |
|
1394
SharkNinja
SN
$26.2B
| $58.1M | ﹤0.01% |
518,826
+8,900
| +2% | +$877K |
|
1395
CBIZ
CBZ
$2.97B
| $57.8M | ﹤0.01% |
1,145,556
-4,079
| -0.4% | -$214K |
|
1396
Kulicke & Soffa
KLIC
$5B
| $57.4M | ﹤0.01% |
1,259,609
-15,423
| -1% | -$652K |
|
1397
Remitly
RELY
$5.17B
| $57.3M | ﹤0.01% |
4,149,971
+67,700
| +2% | +$984K |
|
1398
Denali Therapeutics
DNLI
$4.07B
| $57.1M | ﹤0.01% |
3,458,131
-7,926
| -0.2% | -$134K |
|
1399
Adaptive Biotechnologies
ADPT
$3.99B
| $57M | ﹤0.01% |
3,511,855
+110,825
| +3% | +$1.81M |
|
1400
WIX.com
WIX
$2.98B
| $57M | ﹤0.01% |
551,753
+15,600
| +3% | +$1.89M |
|
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.