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 | |
|---|---|---|---|---|---|---|
2176
First Community Bankshares
FCBC
$933M
| $14.8M | ﹤0.01% |
439,993
+17,165
| +4% | +$573K |
|
2177
Trip.com Group
TCOM
$28.3B
| $14.8M | ﹤0.01% |
206,422
-19,578
| -9% | -$1.4M |
|
2178
Globant
GLOB
$1.77B
| $14.8M | ﹤0.01% |
226,242
-46,305
| -17% | -$2.91M |
|
|
GRDN
2179
Guardian Pharmacy Services
GRDN
$2.44B
| $14.8M | ﹤0.01% |
490,828
+46,720
| +11% | +$1.32M |
|
2180
Metallus
MTUS
$892M
| $14.8M | ﹤0.01% |
859,982
-8,695
| -1% | -$149K |
|
2181
Under Armour
UAA
$2.3B
| $14.8M | ﹤0.01% |
2,968,936
-364,387
| -11% | -$1.69M |
|
2182
Daily Journal
DJCO
$828M
| $14.8M | ﹤0.01% |
30,281
+381
| +1% | +$169K |
|
2183
Sinclair Inc
SBGI
$1.03B
| $14.7M | ﹤0.01% |
963,147
-5,094
| -0.5% | -$75.7K |
|
2184
Eagle Bancorp
EGBN
$877M
| $14.7M | ﹤0.01% |
687,221
-3,573
| -0.5% | -$68.8K |
|
2185
National Presto Industries
NPK
$987M
| $14.7M | ﹤0.01% |
137,752
+1,544
| +1% | +$162K |
|
2186
Ascendis Pharma A/S
ASND
$16.2B
| $14.7M | ﹤0.01% |
68,855
+807
| +1% | +$167K |
|
2187
Grid Dynamics Holdings
GDYN
$644M
| $14.7M | ﹤0.01% |
1,624,533
+42,948
| +3% | +$372K |
|
|
SFIX
2188
Stitch Fix
SFIX
$487M
| $14.7M | ﹤0.01% |
2,791,632
+266,356
| +11% | +$1.22M |
|
2189
Annexon
ANNX
$862M
| $14.6M | ﹤0.01% |
2,902,896
+465,952
| +19% | +$1.78M |
|
|
HTFL
2190
Heartflow Inc
HTFL
$2.67B
| $14.6M | ﹤0.01% |
499,925
+244,256
| +96% | +$7.86M |
|
|
MCW
2191
DELISTED
Mister Car Wash
MCW
| $14.6M | ﹤0.01% |
2,619,984
+32,749
| +1% | +$172K |
|
2192
Algonquin Power & Utilities
AQN
$4.48B
| $14.5M | ﹤0.01% |
1,919,900
+150,756
| +9% | +$895K |
|
|
ALMS
2193
Alumis Inc
ALMS
$3.11B
| $14.5M | ﹤0.01% |
1,487,626
+94,340
| +7% | +$659K |
|
2194
Ennis
EBF
$559M
| $14.5M | ﹤0.01% |
805,356
-3,854
| -0.5% | -$67.2K |
|
2195
Accel Entertainment
ACEL
$1.01B
| $14.4M | ﹤0.01% |
1,263,911
-37,865
| -3% | -$399K |
|
2196
Invesco Mortgage Capital
IVR
$805M
| $14.4M | ﹤0.01% |
1,708,181
+101,303
| +6% | +$794K |
|
2197
Orthofix Medical
OFIX
$415M
| $14.4M | ﹤0.01% |
947,189
+5,869
| +0.6% | +$89.6K |
|
2198
Lexeo Therapeutics
LXEO
$407M
| $14.4M | ﹤0.01% |
1,445,887
+724,006
| +100% | +$6.61M |
|
2199
AMN Healthcare
AMN
$1.34B
| $14.3M | ﹤0.01% |
909,366
+3,417
| +0.4% | +$61K |
|
2200
John B. Sanfilippo & Son
JBSS
$1.01B
| $14.3M | ﹤0.01% |
202,856
-1,985
| -1% | -$135K |
|
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.