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 | |
|---|---|---|---|---|---|---|
1751
Tennant Co
TNC
$1.15B
| $31.9M | ﹤0.01% |
432,502
-10,091
| -2% | -$771K |
|
1752
Winmark
WINA
$1.26B
| $31.8M | ﹤0.01% |
78,627
+1,375
| +2% | +$588K |
|
1753
Ducommun
DCO
$3.01B
| $31.7M | ﹤0.01% |
333,371
+5,899
| +2% | +$549K |
|
1754
ACV Auctions
ACVA
$1.35B
| $31.7M | ﹤0.01% |
3,950,704
-4,876
| -0.1% | -$39.4K |
|
1755
Reynolds Consumer Products
REYN
$5.55B
| $31.6M | ﹤0.01% |
1,376,783
-23,131
| -2% | -$558K |
|
1756
Navitas Semiconductor
NVTS
$3.57B
| $31.5M | ﹤0.01% |
4,417,408
+501,110
| +13% | +$4.82M |
|
1757
A10 Networks
ATEN
$1.96B
| $31.5M | ﹤0.01% |
1,777,631
+10,052
| +0.6% | +$178K |
|
1758
CTS Corp
CTS
$1.79B
| $31.5M | ﹤0.01% |
733,552
+78
| +0% | +$3.27K |
|
1759
Olema Pharmaceuticals
OLMA
$920M
| $31.4M | ﹤0.01% |
1,257,441
-18,564
| -1% | -$330K |
|
|
SAIL
1760
SailPoint Inc
SAIL
$11.3B
| $31.4M | ﹤0.01% |
1,551,993
+5,966
| +0.4% | +$124K |
|
1761
American Superconductor
AMSC
$1.53B
| $31.4M | ﹤0.01% |
1,090,710
+20,855
| +2% | +$902K |
|
1762
Lindsay Corp
LNN
$1.17B
| $31.3M | ﹤0.01% |
265,135
+645
| +0.2% | +$77.6K |
|
|
DFTX
1763
Definium Therapeutics
DFTX
$5.9B
| $31.2M | ﹤0.01% |
2,332,938
+508,237
| +28% | +$6.29M |
|
1764
Compañía de Minas Buenaventura
BVN
$8.55B
| $31.2M | ﹤0.01% |
1,130,074
+80,574
| +8% | +$2.01M |
|
1765
1st Source
SRCE
$2.13B
| $31.2M | ﹤0.01% |
498,781
+14,643
| +3% | +$906K |
|
|
SMA
1766
SmartStop Self Storage REIT
SMA
$1.9B
| $31.1M | ﹤0.01% |
1,006,552
+293,605
| +41% | +$9.93M |
|
1767
CRA International
CRAI
$1.07B
| $31.1M | ﹤0.01% |
154,895
-6,860
| -4% | -$1.29M |
|
|
SEZL
1768
Sezzle
SEZL
$4.37B
| $31.1M | ﹤0.01% |
489,382
+10,625
| +2% | +$724K |
|
1769
TriMas Corp
TRS
$1.39B
| $31.1M | ﹤0.01% |
876,156
+419
| +0% | +$14.6K |
|
1770
Universal Technical Institute
UTI
$1.42B
| $30.9M | ﹤0.01% |
1,184,105
+12,007
| +1% | +$340K |
|
1771
XPEL
XPEL
$1.39B
| $30.9M | ﹤0.01% |
618,088
+33,476
| +6% | +$1.4M |
|
1772
Lifestance Health
LFST
$4.67B
| $30.8M | ﹤0.01% |
4,378,469
+416,404
| +11% | +$2.51M |
|
1773
Ouster
OUST
$3.25B
| $30.8M | ﹤0.01% |
1,421,130
+118,132
| +9% | +$3.12M |
|
1774
Constellium
CSTM
$3.95B
| $30.8M | ﹤0.01% |
1,631,574
-76,562
| -4% | -$1.27M |
|
|
VRE
1775
DELISTED
Veris Residential
VRE
| $30.7M | ﹤0.01% |
2,063,184
-14,298
| -0.7% | -$211K |
|
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.