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 | |
|---|---|---|---|---|---|---|
1501
Seadrill
SDRL
$2.93B
| $48.8M | ﹤0.01% |
1,408,774
-924
| -0.1% | -$28.8K |
|
|
MPT
1502
Medical Properties Trust
MPT
$2.45B
| $48.6M | ﹤0.01% |
9,713,566
+639,743
| +7% | +$3.33M |
|
1503
Golar LNG
GLNG
$5.24B
| $48.5M | ﹤0.01% |
1,302,683
-38,050
| -3% | -$1.45M |
|
1504
Adeia
ADEA
$3.13B
| $48.3M | ﹤0.01% |
2,799,445
+19,601
| +0.7% | +$291K |
|
1505
Buckle
BKE
$2.3B
| $48.2M | ﹤0.01% |
902,590
+4,462
| +0.5% | +$249K |
|
|
CIVI
1506
DELISTED
Civitas Resources
CIVI
| $48.2M | ﹤0.01% |
1,778,718
-38,347
| -2% | -$1.11M |
|
1507
Horace Mann Educators
HMN
$2.09B
| $48.2M | ﹤0.01% |
1,042,622
+28,763
| +3% | +$1.3M |
|
1508
Walker & Dunlop
WD
$1.43B
| $48M | ﹤0.01% |
798,569
+692
| +0.1% | +$49.1K |
|
1509
Ashland
ASH
$3.42B
| $48M | ﹤0.01% |
817,944
-72,728
| -8% | -$3.84M |
|
1510
Skyward Specialty Insurance
SKWD
$2.42B
| $47.9M | ﹤0.01% |
937,120
+7,100
| +0.8% | +$341K |
|
1511
QuidelOrtho
QDEL
$1B
| $47.6M | ﹤0.01% |
1,666,108
+2,437
| +0.1% | +$66K |
|
1512
Harmony Biosciences
HRMY
$2.26B
| $47.6M | ﹤0.01% |
1,270,586
+12,323
| +1% | +$405K |
|
|
ARR
1513
Armour Residential REIT
ARR
$2.37B
| $47.4M | ﹤0.01% |
2,678,528
-147,810
| -5% | -$2.45M |
|
1514
Loar Holdings
LOAR
$6.82B
| $47.3M | ﹤0.01% |
695,416
+18,072
| +3% | +$1.32M |
|
1515
Immunovant
IMVT
$8.72B
| $47.2M | ﹤0.01% |
1,857,532
+55,883
| +3% | +$1.25M |
|
1516
Clearway Energy Class C
CWEN
$7.04B
| $47.2M | ﹤0.01% |
1,419,018
+35,313
| +3% | +$1.18M |
|
1517
Douglas Emmett
DEI
$1.98B
| $47.2M | ﹤0.01% |
4,291,907
+23,653
| +0.6% | +$296K |
|
1518
AtriCure
ATRC
$2.23B
| $47.1M | ﹤0.01% |
1,191,498
+443
| +0% | +$16.2K |
|
1519
DXC Technology
DXC
$1.71B
| $47.1M | ﹤0.01% |
3,211,396
-186,862
| -5% | -$2.57M |
|
|
SEI
1520
Solaris Energy Infrastructure
SEI
$4.04B
| $47M | ﹤0.01% |
1,023,173
+111,971
| +12% | +$5.42M |
|
1521
Greif
GEF
$5.07B
| $47M | ﹤0.01% |
693,714
+1,052
| +0.2% | +$65.9K |
|
1522
Crescent Energy
CRGY
$3.97B
| $46.9M | ﹤0.01% |
5,592,793
+1,256,114
| +29% | +$11M |
|
1523
Simply Good Foods
SMPL
$977M
| $46.9M | ﹤0.01% |
2,332,980
-3,844
| -0.2% | -$80K |
|
1524
Howard Hughes
HHH
$4.03B
| $46.8M | ﹤0.01% |
587,194
-2,824
| -0.5% | -$234K |
|
1525
Quantum Computing Inc
QUBT
$2.03B
| $46.8M | ﹤0.01% |
4,565,192
+1,428,120
| +46% | +$20.3M |
|
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.