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 | |
|---|---|---|---|---|---|---|
|
TRTX
2151
TPG RE Finance Trust
TRTX
$616M
| $15.4M | ﹤0.01% |
1,783,107
+37,173
| +2% | +$330K |
|
2152
Adtran
ADTN
$658M
| $15.4M | ﹤0.01% |
1,766,102
-4,084
| -0.2% | -$35.4K |
|
2153
Insteel Industries
IIIN
$634M
| $15.3M | ﹤0.01% |
484,466
+2,830
| +0.6% | +$92.3K |
|
2154
Genco Shipping & Trading
GNK
$1.13B
| $15.3M | ﹤0.01% |
830,780
-46,874
| -5% | -$823K |
|
2155
Aquestive Therapeutics
AQST
$533M
| $15.3M | ﹤0.01% |
2,368,092
+280,144
| +13% | +$1.75M |
|
2156
Seneca Foods Class A
SENEA
$1.31B
| $15.3M | ﹤0.01% |
138,182
+516
| +0.4% | +$59K |
|
2157
TFS Financial
TFSL
$4.93B
| $15.3M | ﹤0.01% |
1,142,013
+590
| +0.1% | +$8.08K |
|
2158
Mid Penn Bancorp
MPB
$971M
| $15.3M | ﹤0.01% |
492,141
-90
| -0% | -$2.66K |
|
|
KALV
2159
DELISTED
KalVista Pharmaceuticals
KALV
| $15.3M | ﹤0.01% |
944,077
+15,406
| +2% | +$204K |
|
2160
Preformed Line Products
PLPC
$2.19B
| $15.2M | ﹤0.01% |
73,602
+1,373
| +2% | +$292K |
|
2161
Central Garden & Pet Co
CENT
$2.78B
| $15.2M | ﹤0.01% |
472,215
-320
| -0.1% | -$10.2K |
|
2162
ArriVent BioPharma
AVBP
$1.4B
| $15.2M | ﹤0.01% |
753,519
+37,231
| +5% | +$775K |
|
2163
Hamilton Insurance Group
HG
$2.32B
| $15.1M | ﹤0.01% |
542,988
-11,747
| -2% | -$305K |
|
|
SERV
2164
Serve Robotics
SERV
$428M
| $15.1M | ﹤0.01% |
1,457,965
+328,405
| +29% | +$3.94M |
|
|
BKV
2165
BKV Corp
BKV
$2.84B
| $15.1M | ﹤0.01% |
556,539
+160,171
| +40% | +$4.02M |
|
2166
Aveanna Healthcare
AVAH
$2.46B
| $15.1M | ﹤0.01% |
1,849,057
+278,429
| +18% | +$2.51M |
|
2167
Gossamer Bio
GOSS
$83.3M
| $15.1M | ﹤0.01% |
4,872,714
+183,183
| +4% | +$523K |
|
2168
Liberty Broadband Class A
LBRDA
$5.29B
| $15M | ﹤0.01% |
311,466
-4,802
| -2% | -$249K |
|
2169
Financial Institutions
FISI
$825M
| $15M | ﹤0.01% |
482,155
-3,834
| -0.8% | -$113K |
|
|
HPP
2170
Hudson Pacific Properties
HPP
$787M
| $15M | ﹤0.01% |
1,387,283
+19,476
| +1% | +$289K |
|
|
CTO
2171
CTO Realty Growth
CTO
$823M
| $15M | ﹤0.01% |
814,270
+13,592
| +2% | +$232K |
|
2172
Blend Labs
BLND
$367M
| $15M | ﹤0.01% |
4,928,616
-139,399
| -3% | -$445K |
|
2173
Dole
DOLE
$1.26B
| $15M | ﹤0.01% |
999,386
+141,265
| +16% | +$1.97M |
|
2174
Kforce
KFRC
$1.08B
| $15M | ﹤0.01% |
483,872
-5,068
| -1% | -$149K |
|
|
HTB
2175
HomeTrust Bancshares
HTB
$837M
| $14.9M | ﹤0.01% |
347,297
-3,776
| -1% | -$156K |
|
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.