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 | |
|---|---|---|---|---|---|---|
1876
Amplitude
AMPL
$1.66B
| $25.8M | ﹤0.01% |
2,226,694
-7,393
| -0.3% | -$77.8K |
|
|
RHLD
1877
Resolute Holdings Management
RHLD
$1.08B
| $25.7M | ﹤0.01% |
124,430
+5,015
| +4% | +$742K |
|
1878
Astrana Health
ASTH
$1.87B
| $25.5M | ﹤0.01% |
1,028,168
+12,212
| +1% | +$324K |
|
1879
Univest Financial
UVSP
$1.19B
| $25.5M | ﹤0.01% |
778,841
-23,964
| -3% | -$751K |
|
1880
OceanFirst Financial
OCFC
$1.88B
| $25.5M | ﹤0.01% |
1,420,442
-29,742
| -2% | -$556K |
|
1881
iRadimed
IRMD
$1.11B
| $25.5M | ﹤0.01% |
261,965
-4,374
| -2% | -$375K |
|
1882
PagSeguro Digital
PAGS
$2.43B
| $25.5M | ﹤0.01% |
2,642,490
-20,957
| -0.8% | -$201K |
|
1883
Cogent Communications
CCOI
$530M
| $25.4M | ﹤0.01% |
1,179,231
+31,724
| +3% | +$936K |
|
1884
Bank of N.T. Butterfield & Son
NTB
$2.51B
| $25.1M | ﹤0.01% |
504,210
-4,674
| -0.9% | -$215K |
|
1885
Kodiak Sciences
KOD
$2.5B
| $25.1M | ﹤0.01% |
897,692
+96,252
| +12% | +$1.97M |
|
|
AAT
1886
American Assets Trust
AAT
$1.41B
| $25.1M | ﹤0.01% |
1,323,969
+271
| +0% | +$5.23K |
|
1887
Novavax
NVAX
$1.34B
| $25M | ﹤0.01% |
3,721,323
-70,741
| -2% | -$533K |
|
1888
Schrodinger
SDGR
$1.38B
| $24.8M | ﹤0.01% |
1,384,788
+108,005
| +8% | +$2.05M |
|
1889
Virtus Investment Partners
VRTS
$1.14B
| $24.8M | ﹤0.01% |
151,747
-3,145
| -2% | -$531K |
|
1890
Coursera
COUR
$1.53B
| $24.7M | ﹤0.01% |
3,359,248
+106,287
| +3% | +$926K |
|
1891
GigaCloud Technology
GCT
$1.9B
| $24.6M | ﹤0.01% |
627,336
+6,846
| +1% | +$226K |
|
|
CIM
1892
Chimera Investment
CIM
$993M
| $24.6M | ﹤0.01% |
1,975,021
+43,419
| +2% | +$552K |
|
1893
United Parks & Resorts
PRKS
$2.04B
| $24.5M | ﹤0.01% |
675,653
+2,705
| +0.4% | +$112K |
|
1894
Merchants Bancorp
MBIN
$2.54B
| $24.4M | ﹤0.01% |
715,394
+18,925
| +3% | +$622K |
|
1895
Stepan Co
SCL
$1.48B
| $24.4M | ﹤0.01% |
514,401
+2,060
| +0.4% | +$94.3K |
|
1896
Liberty Latin America Class C
LILAK
$1.65B
| $24.2M | ﹤0.01% |
3,573,889
-50,756
| -1% | -$380K |
|
1897
Intellia Therapeutics
NTLA
$1.66B
| $24.2M | ﹤0.01% |
2,696,187
+107,333
| +4% | +$1.48M |
|
1898
Astec Industries
ASTE
$975M
| $24.2M | ﹤0.01% |
558,893
-19,584
| -3% | -$894K |
|
1899
Qfin Holdings
QFIN
$1.52B
| $24.2M | ﹤0.01% |
1,260,258
+62,640
| +5% | +$1.41M |
|
|
DEA
1900
Easterly Government Properties
DEA
$1.18B
| $24.1M | ﹤0.01% |
1,139,044
+9,577
| +0.8% | +$208K |
|
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.