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 | |
|---|---|---|---|---|---|---|
|
GLXY
1426
Galaxy Digital Inc
GLXY
$4.24B
| $54.4M | ﹤0.01% |
2,433,242
+279,818
| +13% | +$8.67M |
|
1427
Disc Medicine
IRON
$3.08B
| $54.4M | ﹤0.01% |
684,958
+56,807
| +9% | +$4.8M |
|
1428
Spyre Therapeutics
SYRE
$9.03B
| $54.4M | ﹤0.01% |
1,659,140
+433,987
| +35% | +$11.3M |
|
1429
Klaviyo
KVYO
$4.91B
| $54.3M | ﹤0.01% |
1,672,727
+195,341
| +13% | +$5.47M |
|
1430
Penske Automotive Group
PAG
$14.3B
| $54.3M | ﹤0.01% |
343,070
+4,473
| +1% | +$735K |
|
1431
Wave Life Sciences
WVE
$1.07B
| $53.9M | ﹤0.01% |
3,170,110
+251,740
| +9% | +$2.56M |
|
|
SLNO
1432
DELISTED
Soleno Therapeutics
SLNO
| $53.9M | ﹤0.01% |
1,163,338
+78,386
| +7% | +$4.3M |
|
1433
First Merchants
FRME
$2.72B
| $53.7M | ﹤0.01% |
1,431,840
+2,023
| +0.1% | +$74.9K |
|
1434
Freshpet
FRPT
$3.52B
| $53.6M | ﹤0.01% |
880,103
+27,095
| +3% | +$1.54M |
|
1435
Vipshop
VIPS
$6.82B
| $53.6M | ﹤0.01% |
3,048,551
-544,852
| -15% | -$10.5M |
|
1436
SiriusPoint
SPNT
$2.68B
| $53.6M | ﹤0.01% |
2,447,810
+13,305
| +0.5% | +$267K |
|
1437
Extreme Networks
EXTR
$3.26B
| $53.5M | ﹤0.01% |
3,214,529
+7,219
| +0.2% | +$133K |
|
1438
Kennametal
KMT
$2.33B
| $53.5M | ﹤0.01% |
1,882,087
+350
| +0% | +$8.94K |
|
1439
Alpha Metallurgical Resources
AMR
$2B
| $53.3M | ﹤0.01% |
266,755
-1,142
| -0.4% | -$197K |
|
|
HI
1440
DELISTED
Hillenbrand
HI
| $53.1M | ﹤0.01% |
1,674,287
-2,583
| -0.2% | -$79.6K |
|
1441
ACM Research
ACMR
$5.82B
| $53M | ﹤0.01% |
1,342,899
+19,397
| +1% | +$723K |
|
1442
Ocular Therapeutix
OCUL
$2.25B
| $52.9M | ﹤0.01% |
4,356,547
+1,018,094
| +30% | +$12.4M |
|
1443
NBT Bancorp
NBTB
$2.8B
| $52.9M | ﹤0.01% |
1,272,936
-802
| -0.1% | -$33.3K |
|
1444
Yelp
YELP
$1.29B
| $52.8M | ﹤0.01% |
1,738,095
-36,959
| -2% | -$1.14M |
|
1445
Madison Square Garden
MSGE
$4.11B
| $52.8M | ﹤0.01% |
979,614
+4,051
| +0.4% | +$195K |
|
1446
Park National Corp
PRK
$3.75B
| $52.8M | ﹤0.01% |
346,643
+529
| +0.2% | +$83.3K |
|
1447
Goosehead Insurance
GSHD
$2.33B
| $52.8M | ﹤0.01% |
716,148
-3,203
| -0.4% | -$228K |
|
1448
Applied Optoelectronics
AAOI
$12B
| $52.8M | ﹤0.01% |
1,512,902
+146,639
| +11% | +$4.38M |
|
1449
BCE
BCE
$21.6B
| $52.8M | ﹤0.01% |
1,955,684
+171,823
| +10% | +$4M |
|
1450
Patterson-UTI
PTEN
$4.18B
| $52.7M | ﹤0.01% |
8,628,594
+174,419
| +2% | +$1.04M |
|
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.