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 | |
|---|---|---|---|---|---|---|
1451
AvePoint
AVPT
$2.76B
| $51.2M | ﹤0.01% |
3,409,393
+286,795
| +9% | +$4.82M |
|
1452
Travere Therapeutics
TVTX
$5.84B
| $51.1M | ﹤0.01% |
2,138,030
+134,329
| +7% | +$2.53M |
|
1453
Cohen & Steers
CNS
$4.35B
| $50.9M | ﹤0.01% |
775,796
+10,954
| +1% | +$803K |
|
1454
Adaptive Biotechnologies
ADPT
$3.94B
| $50.9M | ﹤0.01% |
3,401,030
+185,859
| +6% | +$2.26M |
|
1455
Huazhu Hotels Group
HTHT
$12.5B
| $50.9M | ﹤0.01% |
1,312,608
-11,194
| -0.8% | -$391K |
|
1456
Goodyear
GT
$1.81B
| $50.8M | ﹤0.01% |
6,795,319
-195,816
| -3% | -$1.84M |
|
1457
Banc of California
BANC
$3.14B
| $50.8M | ﹤0.01% |
3,067,309
-115,150
| -4% | -$1.8M |
|
1458
Turning Point Brands
TPB
$1.74B
| $50.7M | ﹤0.01% |
513,204
+3,461
| +0.7% | +$313K |
|
|
HBI
1459
DELISTED
Hanesbrands
HBI
| $50.6M | ﹤0.01% |
7,676,394
-448,358
| -6% | -$2.48M |
|
|
TIC
1460
TIC Solutions Inc
TIC
$2.22B
| $50.4M | ﹤0.01% |
3,787,730
+1,523,416
| +67% | +$17.4M |
|
1461
OneSpaWorld
OSW
$2.73B
| $50.4M | ﹤0.01% |
2,382,371
+327
| +0% | +$7.15K |
|
1462
Westlake Corp
WLK
$10.2B
| $50.3M | ﹤0.01% |
653,086
+78,855
| +14% | +$6.57M |
|
1463
Denali Therapeutics
DNLI
$4.06B
| $50.3M | ﹤0.01% |
3,466,057
+293,752
| +9% | +$4.22M |
|
1464
Atkore
ATKR
$3.18B
| $50.2M | ﹤0.01% |
800,666
-5,726
| -0.7% | -$373K |
|
1465
Acushnet Holdings
GOLF
$5.28B
| $50M | ﹤0.01% |
636,884
-25,310
| -4% | -$1.97M |
|
1466
First Busey Corp
BUSE
$2.6B
| $49.9M | ﹤0.01% |
2,155,071
+81,984
| +4% | +$1.95M |
|
1467
Park Hotels & Resorts
PK
$3.02B
| $49.4M | ﹤0.01% |
4,459,885
+527,087
| +13% | +$5.93M |
|
1468
HCI Group
HCI
$2.31B
| $49.4M | ﹤0.01% |
257,247
+15,366
| +6% | +$2.43M |
|
1469
C3.ai
AI
$1.5B
| $49.4M | ﹤0.01% |
2,847,127
+33,894
| +1% | +$708K |
|
1470
Hayward Holdings
HAYW
$3.23B
| $49.3M | ﹤0.01% |
3,262,764
+669,475
| +26% | +$10.3M |
|
1471
Qiagen
QGEN
$8.94B
| $49.2M | ﹤0.01% |
1,100,863
+32,996
| +3% | +$1.58M |
|
1472
BigBear.ai
BBAI
$1.57B
| $49.2M | ﹤0.01% |
7,541,682
+2,467,371
| +49% | +$15.8M |
|
1473
Arcutis Biotherapeutics
ARQT
$3.27B
| $49.1M | ﹤0.01% |
2,606,465
+23,898
| +0.9% | +$377K |
|
1474
Virtu Financial
VIRT
$5.04B
| $49.1M | ﹤0.01% |
1,381,573
+12,083
| +0.9% | +$497K |
|
1475
QuidelOrtho
QDEL
$1B
| $49M | ﹤0.01% |
1,663,671
-14,999
| -0.9% | -$410K |
|
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.