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 | |
|---|---|---|---|---|---|---|
|
NTST
1601
NETSTREIT Corp
NTST
$2.1B
| $41.4M | ﹤0.01% |
2,292,518
+161,734
| +8% | +$2.92M |
|
1602
Greif
GEF
$5.05B
| $41.4M | ﹤0.01% |
692,662
+34,703
| +5% | +$2.24M |
|
1603
IAMGOLD
IAG
$10.2B
| $41.4M | ﹤0.01% |
2,395,053
+646,908
| +37% | +$5.67M |
|
1604
Diebold Nixdorf
DBD
$2.47B
| $41.4M | ﹤0.01% |
724,939
+3,108
| +0.4% | +$184K |
|
1605
NCR Voyix
VYX
$1.17B
| $41.3M | ﹤0.01% |
3,292,735
-162
| -0% | -$2.13K |
|
1606
Enovis
ENOV
$1.44B
| $41.1M | ﹤0.01% |
1,354,953
+12,472
| +0.9% | +$378K |
|
1607
Helios Technologies
HLIO
$2.65B
| $41.1M | ﹤0.01% |
788,071
-1,910
| -0.2% | -$89.2K |
|
1608
Ziff Davis
ZD
$1.9B
| $41.1M | ﹤0.01% |
1,078,024
-3,132
| -0.3% | -$110K |
|
|
HAPN
1609
Happen Inc
HAPN
$2.27B
| $41M | ﹤0.01% |
2,699,191
+50
| +0% | +$759 |
|
1610
Klaviyo
KVYO
$5.43B
| $40.9M | ﹤0.01% |
1,477,386
+221,577
| +18% | +$7.16M |
|
1611
Monarch Casino & Resort
MCRI
$2.19B
| $40.9M | ﹤0.01% |
385,954
-5,914
| -2% | -$593K |
|
1612
Kohl's
KSS
$2.21B
| $40.8M | ﹤0.01% |
2,655,987
+40,505
| +2% | +$540K |
|
1613
Papa John's
PZZA
$814M
| $40.8M | ﹤0.01% |
847,803
+42,311
| +5% | +$1.96M |
|
1614
Twist Bioscience
TWST
$7.81B
| $40.8M | ﹤0.01% |
1,448,413
+24,036
| +2% | +$728K |
|
1615
Alphatec Holdings
ATEC
$1.51B
| $40.7M | ﹤0.01% |
2,795,561
+98,020
| +4% | +$1.36M |
|
1616
Tecnoglass Holdings Inc.
TGLS
$1.88B
| $40.5M | ﹤0.01% |
605,269
+47,540
| +9% | +$3.51M |
|
1617
Flywire
FLYW
$2.23B
| $40.4M | ﹤0.01% |
2,983,645
+32,004
| +1% | +$394K |
|
1618
Amneal Pharmaceuticals
AMRX
$6.11B
| $40.4M | ﹤0.01% |
4,034,633
+275,538
| +7% | +$2.47M |
|
1619
Acadia Healthcare
ACHC
$2.83B
| $40.3M | ﹤0.01% |
1,625,739
-37,428
| -2% | -$835K |
|
1620
Arlo Technologies
ARLO
$1.53B
| $40.1M | ﹤0.01% |
2,362,871
+15,557
| +0.7% | +$264K |
|
1621
Pilgrim's Pride
PPC
$6.6B
| $40M | ﹤0.01% |
983,006
+40,825
| +4% | +$1.85M |
|
|
SEM
1622
DELISTED
Select Medical
SEM
| $40M | ﹤0.01% |
3,115,982
+80,796
| +3% | +$1.08M |
|
|
HTO
1623
H2O America
HTO
$2.65B
| $39.9M | ﹤0.01% |
819,441
+43,600
| +6% | +$2.18M |
|
1624
Lakeland Financial Corp
LKFN
$1.56B
| $39.8M | ﹤0.01% |
619,432
-2,609
| -0.4% | -$169K |
|
|
DX
1625
Dynex Capital
DX
$3.24B
| $39.7M | ﹤0.01% |
3,231,402
+705,597
| +28% | +$8.83M |
|
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.