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 | |
|---|---|---|---|---|---|---|
2001
Amalgamated Financial
AMAL
$1.53B
| $20M | ﹤0.01% |
623,820
-6,859
| -1% | -$200K |
|
2002
Heritage Financial
HFWA
$1.23B
| $19.9M | ﹤0.01% |
842,598
+4,170
| +0.5% | +$98.2K |
|
2003
argenx
ARGX
$53.6B
| $19.9M | ﹤0.01% |
23,695
-2,419
| -9% | -$2.07M |
|
2004
Coty
COTY
$2.42B
| $19.9M | ﹤0.01% |
6,453,263
+145,419
| +2% | +$529K |
|
2005
FuboTV Inc
FUBO
$296M
| $19.8M | ﹤0.01% |
655,598
-1,157
| -0.2% | -$46.2K |
|
2006
Allient
ALNT
$1.86B
| $19.8M | ﹤0.01% |
368,486
+10,173
| +3% | +$532K |
|
2007
Central Pacific Financial
CPF
$1B
| $19.8M | ﹤0.01% |
633,763
-6,604
| -1% | -$199K |
|
2008
BJ's Restaurants
BJRI
$1.42B
| $19.7M | ﹤0.01% |
499,634
-7,772
| -2% | -$276K |
|
|
BRSL
2009
Brightstar Lottery PLC
BRSL
$2.15B
| $19.7M | ﹤0.01% |
1,271,590
-97,064
| -7% | -$1.58M |
|
|
OS
2010
DELISTED
OneStream Inc
OS
| $19.6M | ﹤0.01% |
1,066,278
+40,103
| +4% | +$765K |
|
2011
Build-A-Bear
BBW
$474M
| $19.6M | ﹤0.01% |
319,162
+1,994
| +0.6% | +$108K |
|
2012
First Financial Corp
THFF
$975M
| $19.5M | ﹤0.01% |
322,778
+8,900
| +3% | +$513K |
|
2013
Heritage Insurance Holdings
HRTG
$989M
| $19.5M | ﹤0.01% |
665,902
+34,996
| +6% | +$946K |
|
2014
Iris Energy
IREN
$16B
| $19.4M | ﹤0.01% |
514,701
-32,666
| -6% | -$1.69M |
|
2015
Mercantile Bank Corp
MBWM
$1.06B
| $19.4M | ﹤0.01% |
402,616
-9,582
| -2% | -$442K |
|
2016
Matthews International
MATW
$722M
| $19.4M | ﹤0.01% |
740,854
+2,561
| +0.3% | +$62.9K |
|
2017
Northrim BanCorp
NRIM
$601M
| $19.4M | ﹤0.01% |
727,180
+113,293
| +18% | +$2.69M |
|
2018
Arvinas
ARVN
$589M
| $19.3M | ﹤0.01% |
1,623,489
-46,690
| -3% | -$510K |
|
|
ONT
2019
Onterris Inc
ONT
$615M
| $19.2M | ﹤0.01% |
774,877
+9,992
| +1% | +$264K |
|
2020
MiMedx Group
MDXG
$612M
| $19.2M | ﹤0.01% |
2,841,678
-2,264
| -0.1% | -$15.9K |
|
2021
QuinStreet
QNST
$1.19B
| $19.2M | ﹤0.01% |
1,337,735
+1,494
| +0.1% | +$21.5K |
|
2022
Red Violet
RDVT
$1.18B
| $19.2M | ﹤0.01% |
337,481
+16,657
| +5% | +$904K |
|
2023
Seaboard Corp
SEB
$4.08B
| $19.2M | ﹤0.01% |
4,322
+64
| +2% | +$253K |
|
2024
Teekay Tankers
TNK
$2.9B
| $19.2M | ﹤0.01% |
358,798
-2,182
| -0.6% | -$123K |
|
2025
NB Bancorp
NBBK
$1B
| $19.2M | ﹤0.01% |
966,662
+90,014
| +10% | +$1.71M |
|
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.