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 | |
|---|---|---|---|---|---|---|
|
ALEX
1701
DELISTED
Alexander & Baldwin
ALEX
| $34.7M | ﹤0.01% |
1,909,588
+22,135
| +1% | +$406K |
|
1702
Harmony Biosciences
HRMY
$2.24B
| $34.7M | ﹤0.01% |
1,258,263
+203,915
| +19% | +$7.02M |
|
1703
CONMED
CNMD
$1.49B
| $34.7M | ﹤0.01% |
737,203
+2,674
| +0.4% | +$139K |
|
1704
Benchmark Electronics
BHE
$2.89B
| $34.6M | ﹤0.01% |
897,793
+10,423
| +1% | +$412K |
|
1705
Universal Corp
UVV
$1.12B
| $34.6M | ﹤0.01% |
618,537
+39,222
| +7% | +$2.17M |
|
1706
Newell Brands
NWL
$2.63B
| $34.5M | ﹤0.01% |
6,575,635
-556,755
| -8% | -$3.16M |
|
1707
Qfin Holdings
QFIN
$1.52B
| $34.3M | ﹤0.01% |
1,197,618
+419,525
| +54% | +$14.3M |
|
1708
Reynolds Consumer Products
REYN
$5.55B
| $34.3M | ﹤0.01% |
1,399,914
+307,030
| +28% | +$6.95M |
|
1709
Coastal Financial
CCB
$774M
| $34.2M | ﹤0.01% |
316,540
+12,175
| +4% | +$1.29M |
|
1710
TriCo Bancshares
TCBK
$1.86B
| $34.2M | ﹤0.01% |
771,033
-47,845
| -6% | -$2.08M |
|
1711
Liberty Global Class C
LBTYK
$3.48B
| $34.2M | ﹤0.01% |
2,909,087
-53,403
| -2% | -$598K |
|
|
SAIL
1712
SailPoint Inc
SAIL
$11.3B
| $34.1M | ﹤0.01% |
1,546,027
+143,803
| +10% | +$3.01M |
|
1713
Astronics
ATRO
$4.57B
| $34.1M | ﹤0.01% |
898,102
+14,510
| +2% | +$441K |
|
1714
Omnicell
OMCL
$1.72B
| $34M | ﹤0.01% |
1,116,159
-79,737
| -7% | -$2.45M |
|
1715
World Kinect Corp
WKC
$1.9B
| $34M | ﹤0.01% |
1,309,518
-82,419
| -6% | -$2.22M |
|
1716
PagerDuty
PD
$932M
| $33.9M | ﹤0.01% |
2,054,236
+22,747
| +1% | +$362K |
|
1717
Hope Bancorp
HOPE
$1.85B
| $33.9M | ﹤0.01% |
3,150,481
+163,905
| +5% | +$1.77M |
|
1718
Rogers Corp
ROG
$2.46B
| $33.9M | ﹤0.01% |
420,749
+193
| +0% | +$14.4K |
|
1719
TriMas Corp
TRS
$1.39B
| $33.8M | ﹤0.01% |
875,737
-17,080
| -2% | -$607K |
|
1720
Centuri Holdings
CTRI
$2.33B
| $33.8M | ﹤0.01% |
1,596,394
+1,068,538
| +202% | +$22.7M |
|
1721
CRA International
CRAI
$1.07B
| $33.7M | ﹤0.01% |
161,755
-9,646
| -6% | -$1.85M |
|
1722
Xeris Biopharma Holdings
XERS
$1.52B
| $33.7M | ﹤0.01% |
4,140,174
+489,486
| +13% | +$3.25M |
|
1723
The Greenbrier Companies
GBX
$1.42B
| $33.7M | ﹤0.01% |
729,516
-1,393
| -0.2% | -$66.4K |
|
|
STEL
1724
DELISTED
Stellar Bancorp
STEL
| $33.7M | ﹤0.01% |
1,109,028
+12,519
| +1% | +$380K |
|
1725
Enact Holdings
ACT
$6.84B
| $33.6M | ﹤0.01% |
876,391
+11,636
| +1% | +$432K |
|
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.