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 | |
|---|---|---|---|---|---|---|
1501
Recursion Pharmaceuticals
RXRX
$1.79B
| $47M | ﹤0.01% |
9,623,557
+1,847,149
| +24% | +$9.7M |
|
|
APLS
1502
DELISTED
Apellis Pharmaceuticals
APLS
| $46.9M | ﹤0.01% |
2,072,913
+77,642
| +4% | +$1.81M |
|
1503
BCE
BCE
$21.5B
| $46.9M | ﹤0.01% |
1,783,861
+321,397
| +22% | +$7.74M |
|
1504
Liberty Energy
LBRT
$3.47B
| $46.9M | ﹤0.01% |
3,796,304
+12,442
| +0.3% | +$144K |
|
1505
NETSCOUT
NTCT
$2.88B
| $46.7M | ﹤0.01% |
1,809,252
+51,003
| +3% | +$1.21M |
|
1506
Sunstone Hotel Investors
SHO
$2.02B
| $46.7M | ﹤0.01% |
4,986,775
-92,483
| -2% | -$850K |
|
1507
Adeia
ADEA
$3.14B
| $46.7M | ﹤0.01% |
2,779,844
+149,669
| +6% | +$2.22M |
|
1508
Procept Biorobotics
PRCT
$1.26B
| $46.7M | ﹤0.01% |
1,307,205
+8,311
| +0.6% | +$379K |
|
1509
BOK Financial
BOKF
$8.86B
| $46.7M | ﹤0.01% |
418,617
-21,454
| -5% | -$2.29M |
|
1510
Ingevity
NGVT
$2.62B
| $46.6M | ﹤0.01% |
844,380
+3,921
| +0.5% | +$204K |
|
1511
DigitalBridge
DBRG
$2.95B
| $46.5M | ﹤0.01% |
3,978,005
+69,694
| +2% | +$779K |
|
1512
Globalstar
GSAT
$10.7B
| $46.5M | ﹤0.01% |
1,278,294
+3,771
| +0.3% | +$108K |
|
|
VSXY
1513
Victoria's Secret
VSXY
$7.31B
| $46.5M | ﹤0.01% |
1,712,677
-26,037
| -1% | -$585K |
|
|
NSA
1514
DELISTED
National Storage Affiliates Trust
NSA
| $46.5M | ﹤0.01% |
1,537,095
+102,049
| +7% | +$3.19M |
|
1515
International Seaways
INSW
$4.69B
| $46.4M | ﹤0.01% |
1,006,565
+175
| +0% | +$7.56K |
|
1516
DXC Technology
DXC
$1.72B
| $46.3M | ﹤0.01% |
3,398,258
+233,005
| +7% | +$3.31M |
|
1517
Gibraltar Industries
ROCK
$1.47B
| $46.3M | ﹤0.01% |
736,811
-127,167
| -15% | -$7.96M |
|
1518
TripAdvisor
TRIP
$1.26B
| $46.3M | ﹤0.01% |
2,845,554
+7,900
| +0.3% | +$138K |
|
|
LTC
1519
LTC Properties
LTC
$2.11B
| $46.2M | ﹤0.01% |
1,254,445
+8,769
| +0.7% | +$313K |
|
1520
LeMaitre Vascular
LMAT
$1.88B
| $46.1M | ﹤0.01% |
527,168
+7,376
| +1% | +$659K |
|
1521
ScottsMiracle-Gro
SMG
$3.59B
| $46M | ﹤0.01% |
808,150
+57,646
| +8% | +$3.64M |
|
|
MPT
1522
Medical Properties Trust
MPT
$2.45B
| $46M | ﹤0.01% |
9,073,823
-1,461,255
| -14% | -$6.44M |
|
1523
Marriott Vacations Worldwide
VAC
$4.14B
| $46M | ﹤0.01% |
691,104
-97,775
| -12% | -$7.54M |
|
|
BBT
1524
Beacon Financial Corp
BBT
$2.71B
| $46M | ﹤0.01% |
1,939,117
+851,028
| +78% | +$21.8M |
|
1525
Brookdale Senior Living
BKD
$3.08B
| $46M | ﹤0.01% |
5,427,078
+65,883
| +1% | +$502K |
|
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.