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 | |
|---|---|---|---|---|---|---|
2326
First Business Financial Services
FBIZ
$601M
| $11.7M | ﹤0.01% |
228,703
+43,342
| +23% | +$2.22M |
|
2327
Aquestive Therapeutics
AQST
$533M
| $11.7M | ﹤0.01% |
2,087,948
+110,947
| +6% | +$480K |
|
2328
Savers
SVV
$1.67B
| $11.7M | ﹤0.01% |
879,578
+288,941
| +49% | +$3.32M |
|
|
GRDN
2329
Guardian Pharmacy Services
GRDN
$2.44B
| $11.7M | ﹤0.01% |
444,108
+107,407
| +32% | +$2.56M |
|
2330
FTAI Infrastructure
FIP
$551M
| $11.6M | ﹤0.01% |
2,668,257
+125,753
| +5% | +$681K |
|
2331
Zymeworks
ZYME
$1.83B
| $11.6M | ﹤0.01% |
678,636
-26,728
| -4% | -$383K |
|
|
VTLE
2332
DELISTED
Vital Energy
VTLE
| $11.6M | ﹤0.01% |
685,238
+12,084
| +2% | +$204K |
|
2333
Lindblad Expeditions
LIND
$2.26B
| $11.6M | ﹤0.01% |
903,243
+3,399
| +0.4% | +$44.7K |
|
2334
Autohome
ATHM
$2.6B
| $11.6M | ﹤0.01% |
408,611
-29,530
| -7% | -$835K |
|
2335
Dole
DOLE
$1.26B
| $11.5M | ﹤0.01% |
858,121
+37,539
| +5% | +$526K |
|
2336
Tiptree Inc
TIPT
$677M
| $11.5M | ﹤0.01% |
600,905
+19,444
| +3% | +$433K |
|
2337
CryoPort
CYRX
$766M
| $11.5M | ﹤0.01% |
1,210,308
+7,247
| +0.6% | +$61K |
|
2338
Thryv Holdings
THRY
$96.9M
| $11.5M | ﹤0.01% |
950,438
+12,519
| +1% | +$158K |
|
2339
Bar Harbor Bankshares
BHB
$681M
| $11.5M | ﹤0.01% |
376,139
+10,881
| +3% | +$340K |
|
2340
BioNTech
BNTX
$23.1B
| $11.4M | ﹤0.01% |
115,990
+12,240
| +12% | +$1.31M |
|
2341
SFL Corp
SFL
$1.61B
| $11.4M | ﹤0.01% |
1,515,960
+879
| +0.1% | +$7.57K |
|
2342
Vestis
VSTS
$1.79B
| $11.4M | ﹤0.01% |
2,518,014
-213,377
| -8% | -$1.09M |
|
2343
Ryanair
RYAAY
$30.7B
| $11.4M | ﹤0.01% |
189,426
+2,698
| +1% | +$164K |
|
2344
International Money Express
IMXI
$353M
| $11.4M | ﹤0.01% |
815,779
-42,279
| -5% | -$524K |
|
|
SVC
2345
Service Properties Trust
SVC
$1.06B
| $11.4M | ﹤0.01% |
838,933
-19,137
| -2% | -$259K |
|
2346
Tronox
TROX
$958M
| $11.4M | ﹤0.01% |
2,825,991
-23
| -0% | -$105 |
|
2347
Hingham Institution for Saving
HIFS
$686M
| $11.4M | ﹤0.01% |
43,044
+2,264
| +6% | +$604K |
|
2348
Fulgent Genetics
FLGT
$513M
| $11.3M | ﹤0.01% |
501,671
-11,672
| -2% | -$240K |
|
2349
MarineMax
HZO
$1.15B
| $11.3M | ﹤0.01% |
447,052
-1,675
| -0.4% | -$42.7K |
|
|
KALV
2350
DELISTED
KalVista Pharmaceuticals
KALV
| $11.3M | ﹤0.01% |
928,671
-12,541
| -1% | -$173K |
|
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.