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 | |
|---|---|---|---|---|---|---|
2251
Fulgent Genetics
FLGT
$513M
| $13.4M | ﹤0.01% |
508,224
+6,553
| +1% | +$170K |
|
|
UDMY
2252
DELISTED
Udemy
UDMY
| $13.3M | ﹤0.01% |
2,280,339
-103,788
| -4% | -$605K |
|
2253
United States Antimony
UAMY
$799M
| $13.3M | ﹤0.01% |
2,655,922
+484,172
| +22% | +$3.8M |
|
2254
Mitek Systems
MITK
$853M
| $13.3M | ﹤0.01% |
1,262,658
+9,921
| +0.8% | +$93.7K |
|
2255
Ryanair
RYAAY
$30.7B
| $13.3M | ﹤0.01% |
184,427
-4,999
| -3% | -$325K |
|
|
BOW
2256
Bowhead Specialty Holdings
BOW
$1.1B
| $13.3M | ﹤0.01% |
465,959
+28,724
| +7% | +$762K |
|
2257
Forward Air
FWRD
$682M
| $13.3M | ﹤0.01% |
531,614
+11,849
| +2% | +$267K |
|
2258
Climb Global Solutions
CLMB
$532M
| $13.3M | ﹤0.01% |
516,776
+87,124
| +20% | +$2.53M |
|
|
PLGO
2259
Pelagos Insurance Capital
PLGO
$1.95B
| $13.3M | ﹤0.01% |
677,366
-32,429
| -5% | -$605K |
|
|
KDK
2260
Kodiak AI
KDK
$821M
| $13.3M | ﹤0.01% |
1,213,179
+1,066,128
| +725% | +$8.54M |
|
2261
Pacific Biosciences
PACB
$357M
| $13.2M | ﹤0.01% |
7,078,744
+172,089
| +2% | +$331K |
|
2262
Shore Bancshares
SHBI
$799M
| $13.2M | ﹤0.01% |
746,422
-6,683
| -0.9% | -$112K |
|
2263
Beazer Homes USA
BZH
$874M
| $13.2M | ﹤0.01% |
650,767
-2,456
| -0.4% | -$54.6K |
|
2264
Cable One
CABO
$206M
| $13.2M | ﹤0.01% |
116,806
+864
| +0.7% | +$118K |
|
|
NESR
2265
National Energy Services Reunited Corp
NESR
$3.62B
| $13.2M | ﹤0.01% |
841,307
+28,034
| +3% | +$368K |
|
|
GDEN
2266
DELISTED
Golden Entertainment
GDEN
| $13.1M | ﹤0.01% |
482,533
-28,867
| -6% | -$747K |
|
2267
Lindblad Expeditions
LIND
$2.26B
| $13.1M | ﹤0.01% |
908,796
+5,553
| +0.6% | +$70K |
|
2268
Kaspi.kz JSC
KSPI
$18.9B
| $13.1M | ﹤0.01% |
167,346
-454
| -0.3% | -$34.3K |
|
|
JBIO
2269
Jade Biosciences
JBIO
$1.51B
| $13M | ﹤0.01% |
841,808
+175,893
| +26% | +$2.06M |
|
|
BORR
2270
Borr Drilling
BORR
$1.25B
| $13M | ﹤0.01% |
3,218,535
+211,314
| +7% | +$700K |
|
2271
Keros Therapeutics
KROS
$211M
| $12.9M | ﹤0.01% |
635,208
-202,155
| -24% | -$3.55M |
|
2272
N-able
NABL
$695M
| $12.9M | ﹤0.01% |
1,727,400
-27,107
| -2% | -$207K |
|
2273
Consolidated Water Co
CWCO
$502M
| $12.9M | ﹤0.01% |
365,504
-1,712
| -0.5% | -$59.7K |
|
|
SKYT
2274
DELISTED
SkyWater Technology
SKYT
| $12.9M | ﹤0.01% |
710,132
+69,656
| +11% | +$1.21M |
|
2275
Colliers International
CIGI
$5.41B
| $12.8M | ﹤0.01% |
86,531
+6,912
| +9% | +$1.04M |
|
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.