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 | |
|---|---|---|---|---|---|---|
|
SMA
1851
SmartStop Self Storage REIT
SMA
$1.9B
| $26.8M | ﹤0.01% |
712,947
+45,187
| +7% | +$1.64M |
|
1852
Bit Digital
BTBT
$520M
| $26.8M | ﹤0.01% |
8,944,224
+5,358,480
| +149% | +$16.3M |
|
1853
Gentherm
THRM
$1.32B
| $26.8M | ﹤0.01% |
785,835
+23,126
| +3% | +$782K |
|
1854
Root
ROOT
$772M
| $26.7M | ﹤0.01% |
298,729
+64,014
| +27% | +$6.71M |
|
1855
Clarivate
CLVT
$1.25B
| $26.7M | ﹤0.01% |
6,970,151
+287,306
| +4% | +$1.21M |
|
1856
PagSeguro Digital
PAGS
$2.43B
| $26.6M | ﹤0.01% |
2,663,447
+83,096
| +3% | +$748K |
|
1857
Leggett & Platt
LEG
$1.32B
| $26.6M | ﹤0.01% |
2,990,515
-185,041
| -6% | -$1.76M |
|
1858
Janux Therapeutics
JANX
$978M
| $26.5M | ﹤0.01% |
1,083,864
+181,552
| +20% | +$4.42M |
|
1859
Amer Sports
AS
$19.3B
| $26.5M | ﹤0.01% |
762,224
+15,006
| +2% | +$566K |
|
1860
Ivanhoe Electric
IE
$1.66B
| $26.5M | ﹤0.01% |
2,109,448
+32,386
| +2% | +$320K |
|
1861
Limbach Holdings
LMB
$527M
| $26.5M | ﹤0.01% |
272,354
+3,083
| +1% | +$371K |
|
|
HPP
1862
Hudson Pacific Properties
HPP
$787M
| $26.4M | ﹤0.01% |
1,367,807
+186,866
| +16% | +$3.52M |
|
1863
Triumph Financial Inc
TFIN
$1.87B
| $26.4M | ﹤0.01% |
527,931
-16,566
| -3% | -$976K |
|
|
AIV
1864
Aimco
AIV
$379M
| $26.4M | ﹤0.01% |
3,329,629
+46,252
| +1% | +$376K |
|
1865
CVR Energy
CVI
$3.58B
| $26.4M | ﹤0.01% |
722,261
-32,890
| -4% | -$985K |
|
|
DHC
1866
Diversified Healthcare Trust
DHC
$2.03B
| $26.3M | ﹤0.01% |
5,960,836
+113,590
| +2% | +$433K |
|
1867
Bitdeer Technologies
BTDR
$2.38B
| $26.3M | ﹤0.01% |
1,537,117
-55,387
| -3% | -$777K |
|
|
NPKI
1868
NPK International
NPKI
$1.18B
| $26.3M | ﹤0.01% |
2,321,834
-13,341
| -0.6% | -$130K |
|
1869
Peoples Bancorp
PEBO
$1.49B
| $26.2M | ﹤0.01% |
874,202
-52,664
| -6% | -$1.6M |
|
1870
Safety Insurance
SAFT
$1.52B
| $26.1M | ﹤0.01% |
369,611
+4,065
| +1% | +$295K |
|
1871
Ameresco
AMRC
$1.47B
| $26M | ﹤0.01% |
774,089
-14,744
| -2% | -$337K |
|
1872
Rapid7
RPD
$929M
| $26M | ﹤0.01% |
1,384,205
-154,551
| -10% | -$3.26M |
|
|
DEA
1873
Easterly Government Properties
DEA
$1.18B
| $25.9M | ﹤0.01% |
1,129,467
+55,600
| +5% | +$1.26M |
|
|
CSR
1874
Centerspace
CSR
$939M
| $25.9M | ﹤0.01% |
439,463
+4,438
| +1% | +$256K |
|
|
PMT
1875
PennyMac Mortgage Investment
PMT
$828M
| $25.8M | ﹤0.01% |
2,101,421
+4,796
| +0.2% | +$59.2K |
|
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.