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 | |
|---|---|---|---|---|---|---|
|
PSIX
2376
Power Solutions International
PSIX
$947M
| $11M | ﹤0.01% |
191,671
+22,763
| +13% | +$1.62M |
|
|
EHAB
2377
DELISTED
Enhabit
EHAB
| $11M | ﹤0.01% |
1,187,434
+11,583
| +1% | +$100K |
|
2378
Sanofi
SNY
$105B
| $10.9M | ﹤0.01% |
225,682
-6,820
| -3% | -$338K |
|
2379
Evolent Health
EVH
$527M
| $10.9M | ﹤0.01% |
2,733,444
-23,593
| -0.9% | -$131K |
|
2380
Tower Semiconductor
TSEM
$28.6B
| $10.9M | ﹤0.01% |
92,980
-4,231
| -4% | -$408K |
|
|
DEC
2381
Diversified Energy Company
DEC
$1B
| $10.9M | ﹤0.01% |
752,370
+52,643
| +8% | +$738K |
|
2382
LSB Industries
LXU
$711M
| $10.9M | ﹤0.01% |
1,280,864
+14,125
| +1% | +$125K |
|
2383
Hovnanian Enterprises
HOV
$793M
| $10.9M | ﹤0.01% |
111,600
+1,057
| +1% | +$125K |
|
2384
Cerence
CRNC
$391M
| $10.8M | ﹤0.01% |
1,010,876
+2,289
| +0.2% | +$25.1K |
|
2385
Nektar Therapeutics
NKTR
$2.57B
| $10.8M | ﹤0.01% |
254,361
+29,125
| +13% | +$1.63M |
|
2386
Verastem
VSTM
$604M
| $10.8M | ﹤0.01% |
1,392,822
+148,241
| +12% | +$1.32M |
|
2387
MarineMax
HZO
$1.15B
| $10.7M | ﹤0.01% |
443,324
-3,728
| -0.8% | -$92K |
|
2388
Donegal Group Class A
DGICA
$692M
| $10.7M | ﹤0.01% |
534,703
+11,891
| +2% | +$234K |
|
|
BBUC
2389
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.01B
| $10.7M | ﹤0.01% |
297,267
+6,816
| +2% | +$239K |
|
2390
Dave & Buster's
PLAY
$361M
| $10.6M | ﹤0.01% |
656,282
-6,687
| -1% | -$112K |
|
2391
Smith & Wesson
SWBI
$636M
| $10.6M | ﹤0.01% |
1,075,337
-294
| -0% | -$2.84K |
|
|
CVGW
2392
DELISTED
Calavo Growers
CVGW
| $10.6M | ﹤0.01% |
485,483
-5,918
| -1% | -$131K |
|
2393
Kearny Financial
KRNY
$604M
| $10.6M | ﹤0.01% |
1,424,055
+1,291
| +0.1% | +$8.91K |
|
2394
Heartland Express
HTLD
$950M
| $10.5M | ﹤0.01% |
1,166,940
-66,676
| -5% | -$555K |
|
|
FFWM
2395
DELISTED
First Foundation Inc
FFWM
| $10.5M | ﹤0.01% |
1,705,331
+17,972
| +1% | +$101K |
|
|
NFBK
2396
DELISTED
Northfield Bancorp
NFBK
| $10.4M | ﹤0.01% |
909,339
-12,799
| -1% | -$142K |
|
2397
Frontier Group Holdings
ULCC
$1.54B
| $10.3M | ﹤0.01% |
2,196,472
+8,946
| +0.4% | +$39.6K |
|
2398
Personalis
PSNL
$1.54B
| $10.3M | ﹤0.01% |
1,297,807
-35,734
| -3% | -$313K |
|
|
OPTU
2399
Optimum Communications Inc
OPTU
$227M
| $10.3M | ﹤0.01% |
6,255,567
+47,022
| +0.8% | +$95.7K |
|
|
ZEUS
2400
DELISTED
Olympic Steel
ZEUS
| $10.3M | ﹤0.01% |
240,658
-484
| -0.2% | -$17.3K |
|
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.