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 | |
|---|---|---|---|---|---|---|
|
CSR
1801
Centerspace
CSR
$939M
| $29.2M | ﹤0.01% |
437,196
-2,267
| -0.5% | -$142K |
|
|
THR
1802
DELISTED
Thermon Group Holdings
THR
| $29.1M | ﹤0.01% |
782,077
+1,574
| +0.2% | +$51.7K |
|
1803
Westamerica Bancorp
WABC
$1.39B
| $29M | ﹤0.01% |
606,467
-18,136
| -3% | -$870K |
|
|
PRA
1804
DELISTED
ProAssurance
PRA
| $29M | ﹤0.01% |
1,199,244
+4,607
| +0.4% | +$111K |
|
1805
TETRA Technologies
TTI
$1.25B
| $29M | ﹤0.01% |
3,090,503
+48,383
| +2% | +$373K |
|
1806
PureCycle Technologies
PCT
$1.41B
| $28.9M | ﹤0.01% |
3,365,871
+15,536
| +0.5% | +$165K |
|
1807
TAL Education Group
TAL
$6.43B
| $28.9M | ﹤0.01% |
2,670,368
+48,486
| +2% | +$551K |
|
1808
Relay Therapeutics
RLAY
$4.37B
| $28.8M | ﹤0.01% |
3,409,363
+354,777
| +12% | +$2.53M |
|
1809
Energizer
ENR
$1.55B
| $28.7M | ﹤0.01% |
1,441,943
-51,591
| -3% | -$1.12M |
|
1810
IDT Corp
IDT
$1.67B
| $28.7M | ﹤0.01% |
559,849
+101,268
| +22% | +$5.08M |
|
1811
RLJ Lodging Trust
RLJ
$1.67B
| $28.6M | ﹤0.01% |
3,844,974
+114,163
| +3% | +$830K |
|
|
ORKA
1812
Oruka Therapeutics
ORKA
$7.16B
| $28.6M | ﹤0.01% |
942,507
+252,535
| +37% | +$7.04M |
|
|
GPGI
1813
GPGI Inc
GPGI
$3.75B
| $28.6M | ﹤0.01% |
1,481,116
+413,420
| +39% | +$8.25M |
|
|
DHC
1814
Diversified Healthcare Trust
DHC
$2.03B
| $28.5M | ﹤0.01% |
5,873,318
-87,518
| -1% | -$397K |
|
1815
Asana
ASAN
$2.28B
| $28.5M | ﹤0.01% |
2,077,529
+10,034
| +0.5% | +$138K |
|
1816
Donnelley Financial Solutions
DFIN
$1.22B
| $28.5M | ﹤0.01% |
609,652
-20,756
| -3% | -$1M |
|
1817
Amer Sports
AS
$19.3B
| $28.4M | ﹤0.01% |
760,093
-2,131
| -0.3% | -$73.1K |
|
1818
Revolve Group
RVLV
$1.72B
| $28.3M | ﹤0.01% |
938,171
+56
| +0% | +$1.35K |
|
1819
Safety Insurance
SAFT
$1.52B
| $28.3M | ﹤0.01% |
363,039
-6,572
| -2% | -$486K |
|
1820
V2X
VVX
$2.55B
| $28.3M | ﹤0.01% |
518,487
+52,529
| +11% | +$2.96M |
|
1821
Protolabs
PRLB
$2.21B
| $28.2M | ﹤0.01% |
558,300
-8,736
| -2% | -$447K |
|
|
BULL
1822
Webull Corp
BULL
$4.23B
| $28.2M | ﹤0.01% |
3,633,150
+3,283,295
| +938% | +$33M |
|
1823
Ingles Markets
IMKTA
$1.68B
| $28.2M | ﹤0.01% |
411,007
-14,878
| -3% | -$1.08M |
|
|
ORC
1824
Orchid Island Capital
ORC
$1.32B
| $28.1M | ﹤0.01% |
3,903,240
+795,210
| +26% | +$5.79M |
|
1825
Vital Farms
VITL
$498M
| $28.1M | ﹤0.01% |
879,345
+8,903
| +1% | +$313K |
|
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.