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 | |
|---|---|---|---|---|---|---|
|
WNS
1726
DELISTED
WNS Holdings
WNS
| $33.6M | ﹤0.01% |
440,174
-40,063
| -8% | -$3M |
|
1727
Symbotic
SYM
$5.43B
| $33.6M | ﹤0.01% |
622,520
+71,304
| +13% | +$3.6M |
|
|
AVDL
1728
DELISTED
Avadel Pharmaceuticals
AVDL
| $33.2M | ﹤0.01% |
2,175,777
+6,759
| +0.3% | +$87.9K |
|
1729
Sarepta Therapeutics
SRPT
$1.95B
| $33.2M | ﹤0.01% |
1,721,124
-154,873
| -8% | -$2.76M |
|
1730
Sharplink Inc
SBET
$1.37B
| $33.1M | ﹤0.01% |
1,944,540
+1,903,879
| +4,682% | +$37.4M |
|
1731
Dorian LPG
LPG
$1.95B
| $33M | ﹤0.01% |
1,106,222
-6,111
| -0.5% | -$183K |
|
|
PGRE
1732
DELISTED
Paramount Group
PGRE
| $33M | ﹤0.01% |
5,039,428
+286,868
| +6% | +$1.91M |
|
1733
Willdan Group
WLDN
$1.29B
| $33M | ﹤0.01% |
340,815
+4,063
| +1% | +$385K |
|
1734
Novavax
NVAX
$1.34B
| $32.9M | ﹤0.01% |
3,792,064
+23,711
| +0.6% | +$185K |
|
1735
NovaGold Resources
NG
$3.4B
| $32.9M | ﹤0.01% |
3,733,193
+598,583
| +19% | +$3.66M |
|
1736
Dillards
DDS
$9.59B
| $32.8M | ﹤0.01% |
53,392
+1,975
| +4% | +$1.02M |
|
1737
Wendy's
WEN
$1.65B
| $32.8M | ﹤0.01% |
3,581,765
+386,495
| +12% | +$3.97M |
|
1738
Preferred Bank
PFBC
$1.28B
| $32.8M | ﹤0.01% |
362,333
-9,748
| -3% | -$904K |
|
1739
FuboTV Inc
FUBO
$296M
| $32.7M | ﹤0.01% |
656,755
+5,645
| +0.9% | +$256K |
|
1740
Andersons Inc
ANDE
$2.21B
| $32.6M | ﹤0.01% |
819,553
+19,662
| +2% | +$757K |
|
1741
AMC Entertainment Holdings
AMC
$2.35B
| $32.6M | ﹤0.01% |
11,224,882
+971,381
| +9% | +$2.88M |
|
1742
Pebblebrook Hotel Trust
PEB
$2.05B
| $32.5M | ﹤0.01% |
2,856,486
-199,717
| -7% | -$2.15M |
|
|
PENG
1743
Penguin Solutions Inc
PENG
$3.12B
| $32.5M | ﹤0.01% |
+1,237,747
| New | +$30.3M |
|
1744
Donnelley Financial Solutions
DFIN
$1.22B
| $32.4M | ﹤0.01% |
630,408
+21,540
| +4% | +$1.23M |
|
1745
MaxLinear
MXL
$6.95B
| $32.3M | ﹤0.01% |
2,009,596
+51,972
| +3% | +$817K |
|
1746
Teladoc Health
TDOC
$1.26B
| $32.2M | ﹤0.01% |
4,169,919
+19,722
| +0.5% | +$154K |
|
|
JBS
1747
JBS N.V.
JBS
$43.8B
| $32.2M | ﹤0.01% |
2,179,666
+51,766
| +2% | +$755K |
|
1748
Syndax Pharmaceuticals
SNDX
$1.7B
| $32.2M | ﹤0.01% |
2,091,331
+41,981
| +2% | +$549K |
|
1749
Perella Weinberg Partners
PWP
$1.33B
| $32.2M | ﹤0.01% |
1,508,047
+17,397
| +1% | +$372K |
|
1750
Janus International
JBI
$686M
| $32.1M | ﹤0.01% |
3,251,139
+13,792
| +0.4% | +$133K |
|
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.