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 | |
|---|---|---|---|---|---|---|
1426
Americold
COLD
$4.3B
| $53.5M | ﹤0.01% |
4,370,785
-574,239
| -12% | -$8.56M |
|
1427
First Bancorp
FBNC
$2.73B
| $53.4M | ﹤0.01% |
1,010,346
+12,350
| +1% | +$633K |
|
1428
Green Brick Partners
GRBK
$3.06B
| $53.4M | ﹤0.01% |
722,961
-34,116
| -5% | -$2.33M |
|
1429
CoreCivic
CXW
$3.31B
| $53.3M | ﹤0.01% |
2,620,918
-17,233
| -0.7% | -$357K |
|
1430
NBT Bancorp
NBTB
$2.79B
| $53.2M | ﹤0.01% |
1,273,738
-25,031
| -2% | -$1.07M |
|
1431
Enerpac Tool Group
EPAC
$1.89B
| $53.2M | ﹤0.01% |
1,296,359
+6,369
| +0.5% | +$257K |
|
|
CSGS
1432
DELISTED
CSG Systems International
CSGS
| $53.1M | ﹤0.01% |
824,195
+132,747
| +19% | +$8.46M |
|
1433
GeneDx Holdings
WGS
$2.46B
| $52.7M | ﹤0.01% |
489,397
+4,683
| +1% | +$510K |
|
1434
Marqeta
MQ
$1.68B
| $52.7M | ﹤0.01% |
2,495,736
+20,603
| +0.8% | +$488K |
|
1435
Buckle
BKE
$2.31B
| $52.7M | ﹤0.01% |
898,128
-2,804
| -0.3% | -$152K |
|
1436
SharkNinja
SN
$26.6B
| $52.6M | ﹤0.01% |
509,926
+60,143
| +13% | +$6.87M |
|
1437
Cedar Fair
FUN
$1.75B
| $52.3M | ﹤0.01% |
2,299,933
+91,118
| +4% | +$2.42M |
|
1438
Strategic Education
STRA
$1.83B
| $52.3M | ﹤0.01% |
607,461
-3,378
| -0.6% | -$272K |
|
1439
Evertec
EVTC
$1.89B
| $52.2M | ﹤0.01% |
1,543,659
+66,881
| +5% | +$2.33M |
|
1440
HNI Corp
HNI
$3.57B
| $51.9M | ﹤0.01% |
1,107,561
-16,246
| -1% | -$769K |
|
1441
Kulicke & Soffa
KLIC
$5.05B
| $51.8M | ﹤0.01% |
1,275,032
-4,993
| -0.4% | -$185K |
|
1442
ACM Research
ACMR
$5.81B
| $51.8M | ﹤0.01% |
1,323,502
+85,471
| +7% | +$2.54M |
|
1443
Pathward Financial
CASH
$1.8B
| $51.8M | ﹤0.01% |
699,452
-349
| -0% | -$27.2K |
|
1444
nCino
NCNO
$2.11B
| $51.7M | ﹤0.01% |
1,907,011
+146,564
| +8% | +$4.28M |
|
1445
Wolverine World Wide
WWW
$1.65B
| $51.6M | ﹤0.01% |
1,878,812
+9,473
| +0.5% | +$249K |
|
1446
Helmerich & Payne
HP
$4.32B
| $51.5M | ﹤0.01% |
2,330,245
+3,613
| +0.2% | +$66.6K |
|
1447
Credit Acceptance
CACC
$5.99B
| $51.5M | ﹤0.01% |
110,206
-3,717
| -3% | -$1.85M |
|
1448
Organon & Co
OGN
$3.6B
| $51.4M | ﹤0.01% |
4,815,582
+419,778
| +10% | +$4.12M |
|
1449
Chefs' Warehouse
CHEF
$4.5B
| $51.4M | ﹤0.01% |
880,817
+13,362
| +2% | +$852K |
|
1450
HUB Group
HUBG
$2.54B
| $51.3M | ﹤0.01% |
1,490,231
-29,794
| -2% | -$1.06M |
|
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.