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 | |
|---|---|---|---|---|---|---|
1526
Pediatrix Medical
MD
$2.12B
| $46.7M | ﹤0.01% |
2,181,712
+14,421
| +0.7% | +$296K |
|
1527
Innospec
IOSP
$2.31B
| $46.6M | ﹤0.01% |
609,220
-4,992
| -0.8% | -$377K |
|
1528
LiveRamp
RAMP
$2.3B
| $46.6M | ﹤0.01% |
1,587,554
-14,028
| -0.9% | -$403K |
|
1529
Stewart Information Services
STC
$2.03B
| $46.6M | ﹤0.01% |
663,625
+2,234
| +0.3% | +$161K |
|
1530
Virtu Financial
VIRT
$5.04B
| $46.5M | ﹤0.01% |
1,395,686
+14,113
| +1% | +$483K |
|
|
AVDL
1531
DELISTED
Avadel Pharmaceuticals
AVDL
| $46.5M | ﹤0.01% |
2,156,356
-19,421
| -0.9% | -$377K |
|
1532
Progress Software
PRGS
$1.77B
| $46.5M | ﹤0.01% |
1,081,487
+6,095
| +0.6% | +$266K |
|
1533
nLIGHT
LASR
$2.96B
| $46.3M | ﹤0.01% |
1,234,696
+20,043
| +2% | +$669K |
|
|
SEM
1534
DELISTED
Select Medical
SEM
| $46.3M | ﹤0.01% |
3,117,638
+1,656
| +0.1% | +$23.4K |
|
1535
Twist Bioscience
TWST
$7.81B
| $46.3M | ﹤0.01% |
1,459,274
+10,861
| +0.7% | +$339K |
|
1536
Northwest Natural Holdings
NWN
$2.14B
| $46.3M | ﹤0.01% |
989,578
+16,297
| +2% | +$760K |
|
|
PPLI
1537
People Inc
PPLI
$3B
| $46.1M | ﹤0.01% |
1,178,615
-79,594
| -6% | -$2.79M |
|
1538
ScottsMiracle-Gro
SMG
$3.58B
| $46M | ﹤0.01% |
788,306
-19,844
| -2% | -$1.11M |
|
1539
NuScale Power
SMR
$4B
| $45.7M | ﹤0.01% |
3,221,828
+237,355
| +8% | +$6.79M |
|
1540
Mineralys Therapeutics
MLYS
$2.34B
| $45.6M | ﹤0.01% |
1,257,582
+134,171
| +12% | +$5.38M |
|
1541
Artivion
AORT
$1.37B
| $45.5M | ﹤0.01% |
998,327
+66,709
| +7% | +$2.97M |
|
1542
Centuri Holdings
CTRI
$2.36B
| $45.5M | ﹤0.01% |
1,802,243
+205,849
| +13% | +$4.6M |
|
1543
10x Genomics
TXG
$7.6B
| $45.5M | ﹤0.01% |
2,789,784
+78,541
| +3% | +$1.19M |
|
|
BELFB
1544
Bel Fuse Inc Class B
BELFB
$4.26B
| $45.5M | ﹤0.01% |
267,950
+2,803
| +1% | +$438K |
|
1545
Arcus Biosciences
RCUS
$3.71B
| $45.5M | ﹤0.01% |
1,907,345
+308,936
| +19% | +$6.3M |
|
1546
Inspire Medical Systems
INSP
$1.67B
| $45.4M | ﹤0.01% |
491,750
-13,237
| -3% | -$1.27M |
|
1547
Green Brick Partners
GRBK
$3.02B
| $45.3M | ﹤0.01% |
722,295
-666
| -0.1% | -$43.9K |
|
1548
Nurix Therapeutics
NRIX
$2.79B
| $45.3M | ﹤0.01% |
2,384,998
+502,316
| +27% | +$7.22M |
|
1549
Kaiser Aluminum
KALU
$3.02B
| $45.2M | ﹤0.01% |
393,529
-5,659
| -1% | -$539K |
|
1550
Marqeta
MQ
$1.66B
| $45.1M | ﹤0.01% |
2,371,701
-124,035
| -5% | -$2.38M |
|
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.