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 | |
|---|---|---|---|---|---|---|
2151
Ezcorp Inc
EZPW
$1.76B
| $15.4M | ﹤0.01% |
809,987
+186,792
| +30% | +$2.93M |
|
|
UPB
2152
Upstream Bio Inc
UPB
$378M
| $15.4M | ﹤0.01% |
817,109
+170,474
| +26% | +$2.65M |
|
2153
Hallador Energy
HNRG
$730M
| $15.3M | ﹤0.01% |
784,125
+24,355
| +3% | +$418K |
|
|
DCH
2154
Dauch Corp
DCH
$1.6B
| $15.3M | ﹤0.01% |
2,549,134
-203,132
| -7% | -$1.09M |
|
2155
National Presto Industries
NPK
$987M
| $15.3M | ﹤0.01% |
136,208
+13,023
| +11% | +$1.38M |
|
|
RPC
2156
Ridgepost Capital
RPC
$988M
| $15.2M | ﹤0.01% |
1,396,648
+47,546
| +4% | +$565K |
|
2157
ARS Pharmaceuticals
SPRY
$606M
| $15.1M | ﹤0.01% |
1,505,617
+163,230
| +12% | +$2.34M |
|
2158
Cooper-Standard Automotive
CPS
$484M
| $15.1M | ﹤0.01% |
409,546
+4,879
| +1% | +$149K |
|
2159
TFS Financial
TFSL
$4.93B
| $15M | ﹤0.01% |
1,141,423
-12,766
| -1% | -$169K |
|
2160
SITE Centers
SITC
$158M
| $15M | ﹤0.01% |
1,663,666
+58,705
| +4% | +$624K |
|
|
AHRT
2161
AH Realty Trust
AHRT
$506M
| $15M | ﹤0.01% |
2,135,965
-16,759
| -0.8% | -$119K |
|
|
OPTU
2162
Optimum Communications Inc
OPTU
$228M
| $15M | ﹤0.01% |
6,208,545
+156,455
| +3% | +$384K |
|
2163
Baidu
BIDU
$35.5B
| $15M | ﹤0.01% |
113,516
-2,973
| -3% | -$294K |
|
|
TRTX
2164
TPG RE Finance Trust
TRTX
$616M
| $14.9M | ﹤0.01% |
1,745,934
+106,267
| +6% | +$937K |
|
2165
Nabors Industries
NBR
$1.35B
| $14.9M | ﹤0.01% |
365,351
+26,785
| +8% | +$954K |
|
2166
Groupon
GRPN
$894M
| $14.9M | ﹤0.01% |
639,504
+26,912
| +4% | +$774K |
|
2167
CEVA Inc
CEVA
$855M
| $14.9M | ﹤0.01% |
564,650
+2,517
| +0.4% | +$58.6K |
|
2168
Iovance Biotherapeutics
IOVA
$2.95B
| $14.9M | ﹤0.01% |
6,868,303
+679,245
| +11% | +$1.6M |
|
2169
Seneca Foods Class A
SENEA
$1.31B
| $14.9M | ﹤0.01% |
137,666
-1,791
| -1% | -$190K |
|
2170
Fortuna Silver Mines
FSM
$3.1B
| $14.9M | ﹤0.01% |
1,243,105
+1,072,153
| +627% | +$7.83M |
|
|
RYZ
2171
Ryerson Holding Corp
RYZ
$1.5B
| $14.8M | ﹤0.01% |
649,282
+4,390
| +0.7% | +$98.7K |
|
2172
PRA Group
PRAA
$762M
| $14.8M | ﹤0.01% |
959,826
-1,013
| -0.1% | -$16.4K |
|
2173
Ennis
EBF
$559M
| $14.8M | ﹤0.01% |
809,210
+11,101
| +1% | +$202K |
|
|
SNCY
2174
DELISTED
Sun Country Airlines
SNCY
| $14.8M | ﹤0.01% |
1,250,956
+152,832
| +14% | +$1.89M |
|
2175
Malibu Boats
MBUU
$573M
| $14.8M | ﹤0.01% |
454,922
-5,236
| -1% | -$179K |
|
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.