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 | |
|---|---|---|---|---|---|---|
1726
Perrigo
PRGO
$1.78B
| $33.5M | ﹤0.01% |
2,406,735
-308,627
| -11% | -$5.15M |
|
1727
Arlo Technologies
ARLO
$1.54B
| $33.5M | ﹤0.01% |
2,391,732
+28,861
| +1% | +$454K |
|
1728
PROG Holdings
PRG
$1.7B
| $33.4M | ﹤0.01% |
1,132,971
-2,386
| -0.2% | -$71.1K |
|
1729
Triumph Financial Inc
TFIN
$1.87B
| $33.4M | ﹤0.01% |
532,678
+4,747
| +0.9% | +$266K |
|
1730
Enviri
NVRI
$564M
| $33.2M | ﹤0.01% |
1,854,838
+7,203
| +0.4% | +$107K |
|
1731
MasterBrand
MBC
$1.89B
| $33.2M | ﹤0.01% |
3,010,428
-376
| -0% | -$4.4K |
|
1732
Herbalife
HLF
$1.28B
| $33.2M | ﹤0.01% |
2,577,634
+25,783
| +1% | +$273K |
|
1733
Iridium Communications
IRDM
$5.27B
| $33.2M | ﹤0.01% |
1,907,797
+203,820
| +12% | +$3.6M |
|
|
FIGR
1734
Figure Technology Solutions
FIGR
$7.05B
| $33M | ﹤0.01% |
808,874
+661,498
| +449% | +$26.5M |
|
1735
Organon & Co
OGN
$3.6B
| $33M | ﹤0.01% |
4,600,477
-215,105
| -4% | -$1.7M |
|
|
UMH
1736
UMH Properties
UMH
$1.42B
| $33M | ﹤0.01% |
2,072,652
+16,978
| +0.8% | +$255K |
|
1737
Calumet Specialty Products
CLMT
$4.29B
| $33M | ﹤0.01% |
1,659,429
-17,388
| -1% | -$335K |
|
1738
Universal Corp
UVV
$1.12B
| $32.9M | ﹤0.01% |
624,381
+5,844
| +0.9% | +$310K |
|
|
EFC
1739
Ellington Financial
EFC
$1.76B
| $32.8M | ﹤0.01% |
2,412,329
+142,912
| +6% | +$1.94M |
|
1740
Insperity
NSP
$2.05B
| $32.4M | ﹤0.01% |
836,439
-35,781
| -4% | -$1.43M |
|
1741
Trupanion
TRUP
$1.36B
| $32.4M | ﹤0.01% |
865,841
+138
| +0% | +$5.42K |
|
1742
Papa John's
PZZA
$804M
| $32.4M | ﹤0.01% |
840,470
-7,333
| -0.9% | -$324K |
|
1743
Enovix
ENVX
$966M
| $32.3M | ﹤0.01% |
4,413,492
+253,906
| +6% | +$2.46M |
|
1744
Tecnoglass Holdings Inc.
TGLS
$1.87B
| $32.2M | ﹤0.01% |
640,586
+35,317
| +6% | +$1.93M |
|
|
AAMI
1745
Acadian Asset Management
AAMI
$3.31B
| $32.2M | ﹤0.01% |
685,272
+29,082
| +4% | +$1.34M |
|
1746
Liberty Global Class A
LBTYA
$3.58B
| $32.2M | ﹤0.01% |
2,890,485
+107,947
| +4% | +$1.19M |
|
1747
MakeMyTrip
MMYT
$5.71B
| $32.2M | ﹤0.01% |
391,732
-4,790
| -1% | -$393K |
|
1748
Center Bancorp
CNOB
$1.81B
| $32.1M | ﹤0.01% |
1,225,516
-4,427
| -0.4% | -$112K |
|
1749
NovoCure
NVCR
$2.02B
| $32M | ﹤0.01% |
2,476,646
+1,658
| +0.1% | +$21.3K |
|
1750
Fluence Energy
FLNC
$2.44B
| $31.9M | ﹤0.01% |
1,612,041
-127,000
| -7% | -$2.39M |
|
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.