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 | |
|---|---|---|---|---|---|---|
1801
Azenta
AZTA
$1.49B
| $29.3M | ﹤0.01% |
1,021,427
-43,037
| -4% | -$1.33M |
|
1802
CTS Corp
CTS
$1.79B
| $29.3M | ﹤0.01% |
733,474
-1,522
| -0.2% | -$63.1K |
|
1803
Collegium Pharmaceutical
COLL
$913M
| $29.3M | ﹤0.01% |
836,381
+56,138
| +7% | +$1.95M |
|
|
CALY
1804
Callaway Golf Company
CALY
$2.95B
| $29.2M | ﹤0.01% |
3,076,970
-136,896
| -4% | -$1.27M |
|
|
DMC
1805
Del Monte Corp
DMC
$1.44B
| $29.1M | ﹤0.01% |
838,773
+47,326
| +6% | +$1.68M |
|
1806
Levi Strauss
LEVI
$8.63B
| $29.1M | ﹤0.01% |
1,248,777
+38,108
| +3% | +$810K |
|
1807
Live Oak Bancshares
LOB
$2.01B
| $29.1M | ﹤0.01% |
826,215
+9,034
| +1% | +$311K |
|
1808
TAL Education Group
TAL
$6.43B
| $29.1M | ﹤0.01% |
2,621,882
+122,898
| +5% | +$1.32M |
|
1809
Expro Ltd
XPRO
$2.1B
| $29.1M | ﹤0.01% |
2,446,558
-4,656
| -0.2% | -$50.6K |
|
1810
Immunovant
IMVT
$8.64B
| $29M | ﹤0.01% |
1,801,649
-23,953
| -1% | -$388K |
|
1811
Bank First Corp
BFC
$1.76B
| $29M | ﹤0.01% |
238,967
+17,588
| +8% | +$2.19M |
|
|
MRC
1812
DELISTED
MRC Global
MRC
| $28.9M | ﹤0.01% |
2,003,625
-24,061
| -1% | -$343K |
|
|
PDM
1813
Piedmont Realty Trust
PDM
$1.2B
| $28.9M | ﹤0.01% |
3,208,829
-209,199
| -6% | -$1.68M |
|
1814
Astrana Health
ASTH
$1.87B
| $28.8M | ﹤0.01% |
1,015,956
-37,380
| -4% | -$1.01M |
|
1815
Barrett Business Services
BBSI
$800M
| $28.8M | ﹤0.01% |
649,400
+8,317
| +1% | +$381K |
|
1816
Innoviva
INVA
$1.5B
| $28.7M | ﹤0.01% |
1,574,200
+51,578
| +3% | +$1.01M |
|
1817
Freedom Holding
FRHC
$9.35B
| $28.7M | ﹤0.01% |
166,770
+6,866
| +4% | +$1.16M |
|
|
PRA
1818
DELISTED
ProAssurance
PRA
| $28.7M | ﹤0.01% |
1,194,637
-7,685
| -0.6% | -$183K |
|
1819
Mobileye
MBLY
$7.57B
| $28.7M | ﹤0.01% |
2,028,953
+760,504
| +60% | +$11.3M |
|
1820
Vicor
VICR
$10.4B
| $28.7M | ﹤0.01% |
576,241
+6,163
| +1% | +$300K |
|
1821
Burford Capital
BUR
$968M
| $28.6M | ﹤0.01% |
2,391,418
+82,757
| +4% | +$1.11M |
|
1822
Harmonic Inc
HLIT
$1.42B
| $28.6M | ﹤0.01% |
2,808,496
+29,416
| +1% | +$277K |
|
1823
Weis Markets
WMK
$1.77B
| $28.5M | ﹤0.01% |
396,986
-87,488
| -18% | -$6.39M |
|
1824
Columbia Sportswear
COLM
$2.96B
| $28.4M | ﹤0.01% |
542,440
-14,145
| -3% | -$795K |
|
1825
Protolabs
PRLB
$2.21B
| $28.4M | ﹤0.01% |
567,036
+4,700
| +0.8% | +$215K |
|
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.