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 | |
|---|---|---|---|---|---|---|
2051
ASP Isotopes
ASPI
$539M
| $17.9M | ﹤0.01% |
1,862,455
+514,383
| +38% | +$4.74M |
|
2052
Universal Insurance Holdings
UVE
$1.18B
| $17.9M | ﹤0.01% |
680,679
-1,174
| -0.2% | -$29K |
|
|
SPNS
2053
DELISTED
Sapiens International
SPNS
| $17.9M | ﹤0.01% |
415,592
-8,391
| -2% | -$305K |
|
2054
Ethan Allen Interiors
ETD
$583M
| $17.8M | ﹤0.01% |
605,336
+57,315
| +10% | +$1.69M |
|
2055
Microvast
MVST
$341M
| $17.8M | ﹤0.01% |
4,630,407
-5,177
| -0.1% | -$16.2K |
|
2056
United Fire Group
UFCS
$1.38B
| $17.8M | ﹤0.01% |
585,373
+69,962
| +14% | +$2.06M |
|
|
CTLP
2057
DELISTED
Cantaloupe
CTLP
| $17.8M | ﹤0.01% |
1,681,293
+43,847
| +3% | +$478K |
|
2058
Metropolitan Bank Holding Corp
MCB
$1.17B
| $17.8M | ﹤0.01% |
237,327
-8,469
| -3% | -$636K |
|
2059
Pagaya Technologies
PGY
$1.79B
| $17.7M | ﹤0.01% |
597,866
+30,719
| +5% | +$992K |
|
2060
First Financial Corp
THFF
$975M
| $17.7M | ﹤0.01% |
313,878
+13,414
| +4% | +$759K |
|
2061
GigaCloud Technology
GCT
$1.9B
| $17.6M | ﹤0.01% |
620,490
-10,315
| -2% | -$269K |
|
2062
AMN Healthcare
AMN
$1.34B
| $17.5M | ﹤0.01% |
905,949
-3,255
| -0.4% | -$63.6K |
|
2063
James Hardie Industries
JHX
$17.9B
| $17.5M | ﹤0.01% |
+913,126
| New | +$21.9M |
|
2064
Fortrea Holdings
FTRE
$1.69B
| $17.5M | ﹤0.01% |
2,082,175
-89,275
| -4% | -$683K |
|
2065
TETRA Technologies
TTI
$1.25B
| $17.5M | ﹤0.01% |
3,042,120
+122,845
| +4% | +$525K |
|
2066
Legend Biotech
LEGN
$3.93B
| $17.5M | ﹤0.01% |
540,042
+66,300
| +14% | +$2.45M |
|
2067
LendingTree
TREE
$461M
| $17.4M | ﹤0.01% |
269,327
+2,063
| +0.8% | +$119K |
|
2068
Nurix Therapeutics
NRIX
$2.82B
| $17.4M | ﹤0.01% |
1,882,682
+722
| +0% | +$7.5K |
|
2069
LSI Industries
LYTS
$912M
| $17.4M | ﹤0.01% |
736,482
+106,403
| +17% | +$2.16M |
|
2070
Rezolute
RZLT
$443M
| $17.4M | ﹤0.01% |
1,847,384
+136,341
| +8% | +$908K |
|
2071
Horizon Bancorp
HBNC
$1.05B
| $17.4M | ﹤0.01% |
1,083,502
-13,022
| -1% | -$209K |
|
2072
Kosmos Energy
KOS
$1.51B
| $17.3M | ﹤0.01% |
10,440,289
-823,296
| -7% | -$1.54M |
|
|
MLNK
2073
DELISTED
MeridianLink
MLNK
| $17.2M | ﹤0.01% |
864,362
+179,730
| +26% | +$3.3M |
|
|
BRSP
2074
BrightSpire Capital
BRSP
$629M
| $17.2M | ﹤0.01% |
3,158,163
+24,309
| +0.8% | +$132K |
|
2075
Amalgamated Financial
AMAL
$1.53B
| $17.1M | ﹤0.01% |
630,679
+22,173
| +4% | +$659K |
|
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.