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 | |
|---|---|---|---|---|---|---|
1826
Live Oak Bancshares
LOB
$2.01B
| $28.1M | ﹤0.01% |
817,436
-8,779
| -1% | -$294K |
|
|
BBNX
1827
Beta Bionics
BBNX
$813M
| $28.1M | ﹤0.01% |
921,464
+3,911
| +0.4% | +$104K |
|
1828
Omeros
OMER
$1.26B
| $28M | ﹤0.01% |
1,631,350
+95,979
| +6% | +$827K |
|
1829
G-III Apparel Group
GIII
$1.43B
| $28M | ﹤0.01% |
967,033
-46,528
| -5% | -$1.33M |
|
1830
Columbia Sportswear
COLM
$2.96B
| $28M | ﹤0.01% |
508,177
-34,263
| -6% | -$1.83M |
|
|
JBGS
1831
JBG SMITH
JBGS
$692M
| $28M | ﹤0.01% |
1,644,302
-43,948
| -3% | -$831K |
|
1832
STAAR Surgical
STAA
$1.26B
| $28M | ﹤0.01% |
1,210,667
+36,844
| +3% | +$950K |
|
1833
Genius Sports
GENI
$2.2B
| $27.9M | ﹤0.01% |
2,536,148
-23,901
| -0.9% | -$261K |
|
1834
Dianthus Therapeutics
DNTH
$6.13B
| $27.9M | ﹤0.01% |
676,658
+140,243
| +26% | +$5.44M |
|
1835
Castle Biosciences
CSTL
$933M
| $27.8M | ﹤0.01% |
714,913
+16,303
| +2% | +$526K |
|
1836
Liberty Live Group Series A
LLYVA
$9.59B
| $27.8M | ﹤0.01% |
341,035
+3,045
| +0.9% | +$253K |
|
1837
Carter's
CRI
$1.44B
| $27.8M | ﹤0.01% |
856,803
+61,348
| +8% | +$1.92M |
|
1838
US Physical Therapy
USPH
$1.24B
| $27.7M | ﹤0.01% |
355,237
+1,097
| +0.3% | +$89K |
|
1839
PagerDuty
PD
$932M
| $27.7M | ﹤0.01% |
2,113,117
+58,881
| +3% | +$859K |
|
1840
Newell Brands
NWL
$2.63B
| $27.7M | ﹤0.01% |
7,442,619
+866,984
| +13% | +$3.5M |
|
|
UCTT
1841
Ultra Clean Holdings
UCTT
$4.21B
| $27.6M | ﹤0.01% |
1,089,429
-28,719
| -3% | -$764K |
|
1842
Universal Insurance Holdings
UVE
$1.18B
| $27.6M | ﹤0.01% |
815,484
+134,805
| +20% | +$4.3M |
|
1843
DoubleVerify
DV
$2.04B
| $27.5M | ﹤0.01% |
2,403,828
+439,157
| +22% | +$4.84M |
|
1844
Cadre Holdings
CDRE
$1.45B
| $27.4M | ﹤0.01% |
670,294
+3,726
| +0.6% | +$155K |
|
1845
Huntsman Corp
HUN
$1.81B
| $27.3M | ﹤0.01% |
2,724,518
-622,425
| -19% | -$5.7M |
|
|
MRX
1846
Marex Group Limited Ordinary Shares
MRX
$5.2B
| $27.2M | ﹤0.01% |
709,724
+8,977
| +1% | +$305K |
|
|
PLYM
1847
DELISTED
Plymouth Industrial REIT
PLYM
| $27.2M | ﹤0.01% |
1,242,942
+37,038
| +3% | +$814K |
|
1848
Dorian LPG
LPG
$1.95B
| $27.2M | ﹤0.01% |
1,116,702
+10,480
| +0.9% | +$275K |
|
1849
Boston Beer
SAM
$1.9B
| $27.2M | ﹤0.01% |
139,198
-4,174
| -3% | -$861K |
|
|
PDM
1850
Piedmont Realty Trust
PDM
$1.2B
| $27.1M | ﹤0.01% |
3,247,516
+38,687
| +1% | +$323K |
|
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.