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 | |
|---|---|---|---|---|---|---|
|
ARI
1776
Apollo Commercial Real Estate
ARI
$886M
| $30.7M | ﹤0.01% |
3,167,013
+9,273
| +0.3% | +$92.7K |
|
|
UNIT
1777
Uniti Group
UNIT
$2.38B
| $30.5M | ﹤0.01% |
4,352,729
+323,845
| +8% | +$2.05M |
|
1778
MillerKnoll
MLKN
$1.62B
| $30.5M | ﹤0.01% |
1,666,705
-18,440
| -1% | -$301K |
|
1779
World Kinect Corp
WKC
$1.9B
| $30.4M | ﹤0.01% |
1,298,249
-11,269
| -0.9% | -$278K |
|
1780
Central Garden & Pet Co Class A
CENTA
$2.41B
| $30.3M | ﹤0.01% |
1,038,370
+17,263
| +2% | +$499K |
|
1781
Pacira BioSciences
PCRX
$924M
| $30.3M | ﹤0.01% |
1,169,591
-46,284
| -4% | -$1.1M |
|
1782
Dime Commercial Bancshares
DCOM
$1.82B
| $30.2M | ﹤0.01% |
1,004,751
-8,501
| -0.8% | -$246K |
|
|
KW
1783
DELISTED
Kennedy-Wilson Holdings
KW
| $30.2M | ﹤0.01% |
3,125,167
+33,798
| +1% | +$303K |
|
1784
Trevi Therapeutics
TRVI
$2.59B
| $30.2M | ﹤0.01% |
2,412,885
+191,959
| +9% | +$2.22M |
|
1785
Liberty Global Class C
LBTYK
$3.48B
| $30.2M | ﹤0.01% |
2,733,018
-176,069
| -6% | -$1.96M |
|
1786
Expro Ltd
XPRO
$2.1B
| $30.2M | ﹤0.01% |
2,258,689
-187,869
| -8% | -$2.53M |
|
1787
Bank First Corp
BFC
$1.76B
| $30.1M | ﹤0.01% |
247,275
+8,308
| +3% | +$1.06M |
|
1788
Surgery Partners
SGRY
$1.99B
| $30M | ﹤0.01% |
1,943,449
+11,366
| +0.6% | +$209K |
|
1789
Allegiant Air
ALGT
$2.36B
| $30M | ﹤0.01% |
351,447
-6,414
| -2% | -$459K |
|
|
DMC
1790
Del Monte Corp
DMC
$1.44B
| $29.9M | ﹤0.01% |
838,792
+19
| +0% | +$678 |
|
1791
CONMED
CNMD
$1.49B
| $29.8M | ﹤0.01% |
735,080
-2,123
| -0.3% | -$92.4K |
|
1792
LegalZoom.com
LZ
$993M
| $29.8M | ﹤0.01% |
3,001,804
+110,008
| +4% | +$1.09M |
|
1793
Taysha Gene Therapies
TSHA
$1.92B
| $29.6M | ﹤0.01% |
5,387,026
+212,510
| +4% | +$1.03M |
|
1794
First Advantage
FA
$3.81B
| $29.6M | ﹤0.01% |
2,039,006
+1,003
| +0% | +$14.1K |
|
1795
Encore Capital Group
ECPG
$2.15B
| $29.6M | ﹤0.01% |
544,868
-25,970
| -5% | -$1.25M |
|
|
LADR
1796
Ladder Capital
LADR
$1.27B
| $29.5M | ﹤0.01% |
2,685,767
-12,983
| -0.5% | -$141K |
|
1797
Capricor Therapeutics
CAPR
$244M
| $29.4M | ﹤0.01% |
1,017,332
+55,766
| +6% | +$728K |
|
1798
Teladoc Health
TDOC
$1.26B
| $29.3M | ﹤0.01% |
4,188,313
+18,394
| +0.4% | +$144K |
|
1799
FMC
FMC
$1.27B
| $29.3M | ﹤0.01% |
2,111,908
-21,927
| -1% | -$418K |
|
1800
John Wiley & Sons Class A
WLY
$2.63B
| $29.2M | ﹤0.01% |
953,904
-5,158
| -0.5% | -$182K |
|
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.