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 | |
|---|---|---|---|---|---|---|
1401
Tarsus Pharmaceuticals
TARS
$3.05B
| $56.1M | ﹤0.01% |
944,496
+10,076
| +1% | +$496K |
|
|
FOLD
1402
DELISTED
Amicus Therapeutics
FOLD
| $56M | ﹤0.01% |
7,099,093
+392,604
| +6% | +$2.79M |
|
1403
Arbor Realty Trust
ABR
$974M
| $55.8M | ﹤0.01% |
4,572,948
+15,766
| +0.3% | +$183K |
|
1404
Oceaneering
OII
$5.11B
| $55.8M | ﹤0.01% |
2,252,867
+4,003
| +0.2% | +$91.8K |
|
1405
DigitalOcean
DOCN
$16B
| $55.7M | ﹤0.01% |
1,630,990
+124,328
| +8% | +$3.94M |
|
|
CURB
1406
Curbline Properties
CURB
$3.48B
| $55.6M | ﹤0.01% |
2,494,162
+33,666
| +1% | +$759K |
|
1407
Olin
OLN
$2.18B
| $55.6M | ﹤0.01% |
2,222,959
+229,258
| +11% | +$5.09M |
|
1408
Minerals Technologies
MTX
$2.28B
| $55.5M | ﹤0.01% |
893,157
-18,674
| -2% | -$1.14M |
|
1409
Yelp
YELP
$1.29B
| $55.4M | ﹤0.01% |
1,775,054
-44,662
| -2% | -$1.46M |
|
1410
Banner Corp
BANR
$2.5B
| $55.4M | ﹤0.01% |
845,031
-21,875
| -3% | -$1.44M |
|
1411
Enterprise Financial Services Corp
EFSC
$2.42B
| $54.7M | ﹤0.01% |
942,661
+7,934
| +0.8% | +$461K |
|
1412
FB Financial Corp
FBK
$3.11B
| $54.5M | ﹤0.01% |
978,335
+159,902
| +20% | +$8.12M |
|
|
INFA
1413
DELISTED
Informatica
INFA
| $54.5M | ﹤0.01% |
2,195,205
+528,937
| +32% | +$13M |
|
1414
Addus HomeCare
ADUS
$2.21B
| $54.5M | ﹤0.01% |
461,945
+4,855
| +1% | +$545K |
|
1415
First Hawaiian
FHB
$3.39B
| $54.5M | ﹤0.01% |
2,194,725
+29,583
| +1% | +$747K |
|
1416
Sotera Health
SHC
$5.44B
| $54.4M | ﹤0.01% |
3,455,469
+542,078
| +19% | +$7.61M |
|
1417
Avis
CAR
$4.9B
| $54.3M | ﹤0.01% |
338,188
+6,400
| +2% | +$1.08M |
|
1418
LCI Industries
LCII
$2.63B
| $54.3M | ﹤0.01% |
582,803
-6,800
| -1% | -$679K |
|
1419
Loar Holdings
LOAR
$6.78B
| $54.2M | ﹤0.01% |
677,344
+119,971
| +22% | +$9.02M |
|
1420
Golar LNG
GLNG
$5.29B
| $54.2M | ﹤0.01% |
1,340,733
-5,071
| -0.4% | -$210K |
|
1421
First Merchants
FRME
$2.72B
| $53.9M | ﹤0.01% |
1,429,817
-472
| -0% | -$18.8K |
|
1422
Mercury Insurance
MCY
$5.85B
| $53.8M | ﹤0.01% |
634,602
-32,181
| -5% | -$2.37M |
|
1423
Trinity Industries
TRN
$2.32B
| $53.8M | ﹤0.01% |
1,918,312
-4,223
| -0.2% | -$116K |
|
1424
United Natural Foods
UNFI
$2.91B
| $53.7M | ﹤0.01% |
1,426,917
+2,722
| +0.2% | +$74.6K |
|
1425
Goosehead Insurance
GSHD
$2.32B
| $53.5M | ﹤0.01% |
719,351
+14,067
| +2% | +$1.24M |
|
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.