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 | |
|---|---|---|---|---|---|---|
1976
Kura Oncology
KURA
$896M
| $21.1M | ﹤0.01% |
2,028,618
-19,308
| -0.9% | -$203K |
|
|
RAPP
1977
Rapport Therapeutics
RAPP
$2.27B
| $21.1M | ﹤0.01% |
694,734
+161,331
| +30% | +$4.46M |
|
1978
Paymentus
PAY
$5.31B
| $21M | ﹤0.01% |
666,049
+129,174
| +24% | +$4.21M |
|
1979
Alight
ALIT
$394M
| $21M | ﹤0.01% |
538,794
+47,774
| +10% | +$2.38M |
|
1980
Yext
YEXT
$613M
| $21M | ﹤0.01% |
2,602,559
+23,914
| +0.9% | +$201K |
|
1981
Porch Group
PRCH
$1.92B
| $21M | ﹤0.01% |
2,294,478
+105,982
| +5% | +$1.28M |
|
1982
Integra LifeSciences
IART
$1.42B
| $20.9M | ﹤0.01% |
1,683,964
+135,743
| +9% | +$1.8M |
|
1983
Southside Bancshares
SBSI
$984M
| $20.9M | ﹤0.01% |
686,101
-3,187
| -0.5% | -$93.4K |
|
1984
CNB Financial Corp
CCNE
$1.04B
| $20.7M | ﹤0.01% |
792,749
+34,520
| +5% | +$875K |
|
1985
Sable Offshore Corp
SOC
$773M
| $20.7M | ﹤0.01% |
2,294,121
+510,188
| +29% | +$4.82M |
|
1986
Savara
SVRA
$1.08B
| $20.6M | ﹤0.01% |
3,417,769
+622,108
| +22% | +$3.05M |
|
1987
DHT Holdings
DHT
$3.09B
| $20.6M | ﹤0.01% |
1,686,074
+79,392
| +5% | +$1,000K |
|
1988
Helix Energy Solutions
HLX
$1.49B
| $20.6M | ﹤0.01% |
3,278,916
+14,354
| +0.4% | +$95.4K |
|
1989
Unitil
UTL
$992M
| $20.5M | ﹤0.01% |
424,163
+24,492
| +6% | +$1.19M |
|
|
MBX
1990
MBX Biosciences
MBX
$3.23B
| $20.5M | ﹤0.01% |
649,391
+175,459
| +37% | +$4.26M |
|
1991
Capitol Federal Financial
CFFN
$1.09B
| $20.5M | ﹤0.01% |
3,005,649
-11,254
| -0.4% | -$73.2K |
|
1992
Northeast Bank
NBN
$1.16B
| $20.4M | ﹤0.01% |
196,679
+44
| +0% | +$4.11K |
|
1993
Freedom Holding
FRHC
$9.35B
| $20.4M | ﹤0.01% |
167,720
+950
| +0.6% | +$138K |
|
1994
Sharplink Inc
SBET
$1.37B
| $20.3M | ﹤0.01% |
2,271,989
+327,449
| +17% | +$4M |
|
|
INVX
1995
Innovex International
INVX
$2.15B
| $20.1M | ﹤0.01% |
920,861
+1,231
| +0.1% | +$25.7K |
|
|
AIV
1996
Aimco
AIV
$379M
| $20.1M | ﹤0.01% |
3,382,389
+52,760
| +2% | +$316K |
|
|
FBRT
1997
Franklin BSP Realty Trust
FBRT
$675M
| $20.1M | ﹤0.01% |
2,000,190
-1,556
| -0.1% | -$16.2K |
|
|
MCHB
1998
Mechanics Bancorp
MCHB
$3.79B
| $20M | ﹤0.01% |
1,368,368
+856,476
| +167% | +$11.9M |
|
1999
EverQuote
EVER
$864M
| $20M | ﹤0.01% |
741,481
+16,348
| +2% | +$396K |
|
2000
Red Cat Holdings
RCAT
$1.56B
| $20M | ﹤0.01% |
2,520,524
+297,967
| +13% | +$2.85M |
|
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.