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 | |
|---|---|---|---|---|---|---|
2376
York Water
YORW
$528M
| $10.8M | ﹤0.01% |
355,813
+2,152
| +0.6% | +$66.8K |
|
2377
Redwire
RDW
$3.3B
| $10.8M | ﹤0.01% |
1,201,384
+266,087
| +28% | +$3.11M |
|
2378
Corvus Pharmaceuticals
CRVS
$1.27B
| $10.7M | ﹤0.01% |
1,456,528
+94,788
| +7% | +$485K |
|
2379
Capital Bancorp
CBNK
$617M
| $10.7M | ﹤0.01% |
335,696
+53,006
| +19% | +$1.77M |
|
|
SLDE
2380
Slide Insurance Holdings
SLDE
$2.45B
| $10.7M | ﹤0.01% |
677,883
+574,240
| +554% | +$9.42M |
|
2381
ACNB Corp
ACNB
$656M
| $10.7M | ﹤0.01% |
242,104
-1,370
| -0.6% | -$60.4K |
|
|
DHIL
2382
DELISTED
Diamond Hill
DHIL
| $10.6M | ﹤0.01% |
76,012
-4,370
| -5% | -$638K |
|
2383
Smith & Wesson
SWBI
$636M
| $10.6M | ﹤0.01% |
1,075,631
+277
| +0% | +$2.36K |
|
2384
Erasca
ERAS
$6.25B
| $10.6M | ﹤0.01% |
4,848,563
+12,921
| +0.3% | +$20.6K |
|
|
AEVA
2385
Aeva Technologies
AEVA
$1.75B
| $10.5M | ﹤0.01% |
726,931
-81,274
| -10% | -$1.54M |
|
|
PVLA
2386
Palvella Therapeutics
PVLA
$2.23B
| $10.5M | ﹤0.01% |
168,110
-5,876
| -3% | -$262K |
|
|
CD
2387
Chaince Digital Holdings
CD
$454M
| $10.5M | ﹤0.01% |
427,827
-2,005
| -0.5% | -$12.7K |
|
2388
Arrow Financial
AROW
$723M
| $10.5M | ﹤0.01% |
371,179
-1,299
| -0.3% | -$36.5K |
|
2389
Conduent
CNDT
$241M
| $10.5M | ﹤0.01% |
3,744,101
+65,205
| +2% | +$176K |
|
|
OLP
2390
One Liberty Properties
OLP
$523M
| $10.5M | ﹤0.01% |
472,360
-49,984
| -10% | -$1.15M |
|
|
BFS
2391
Saul Centers
BFS
$850M
| $10.4M | ﹤0.01% |
327,660
+5,578
| +2% | +$184K |
|
|
PBPB
2392
DELISTED
Potbelly
PBPB
| $10.4M | ﹤0.01% |
612,785
+4,507
| +0.7% | +$61.1K |
|
|
ZBIO
2393
Zenas BioPharma
ZBIO
$1.98B
| $10.4M | ﹤0.01% |
470,035
+96,418
| +26% | +$1.57M |
|
2394
Atlanta Braves Holdings Series A
BATRA
$3.63B
| $10.4M | ﹤0.01% |
229,154
+30,984
| +16% | +$1.47M |
|
2395
Spok Holdings
SPOK
$230M
| $10.4M | ﹤0.01% |
601,226
+82,899
| +16% | +$1.48M |
|
2396
Heartland Express
HTLD
$950M
| $10.3M | ﹤0.01% |
1,233,616
-7,816
| -0.6% | -$66.2K |
|
2397
Caleres
CAL
$455M
| $10.3M | ﹤0.01% |
792,744
-5,276
| -0.7% | -$76.4K |
|
2398
Compass Therapeutics
CMPX
$407M
| $10.3M | ﹤0.01% |
2,944,469
+625,337
| +27% | +$1.98M |
|
2399
Carter Bankshares
CARE
$749M
| $10.3M | ﹤0.01% |
529,448
-6,224
| -1% | -$116K |
|
|
SEPN
2400
Septerna Inc
SEPN
$2.25B
| $10.3M | ﹤0.01% |
545,701
+57,745
| +12% | +$758K |
|
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.