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 | |
|---|---|---|---|---|---|---|
|
WBTN
2401
WEBTOON Entertainment Inc
WBTN
$1.15B
| $10.2M | ﹤0.01% |
526,860
+20,968
| +4% | +$280K |
|
2402
RPC Inc
RES
$1.4B
| $10.2M | ﹤0.01% |
2,144,245
+65,467
| +3% | +$309K |
|
2403
Hyster-Yale Materials Handling
HY
$614M
| $10.2M | ﹤0.01% |
276,393
+2,865
| +1% | +$112K |
|
|
GNTY
2404
DELISTED
Guaranty Bancshares
GNTY
| $10.2M | ﹤0.01% |
207,074
+566
| +0.3% | +$26.5K |
|
2405
Columbus McKinnon
CMCO
$550M
| $10.2M | ﹤0.01% |
708,482
+11,212
| +2% | +$169K |
|
2406
Kelly Services Class A
KELYA
$536M
| $10.2M | ﹤0.01% |
773,982
-10,996
| -1% | -$147K |
|
2407
Orion
OEC
$364M
| $10.2M | ﹤0.01% |
1,339,561
+21,339
| +2% | +$216K |
|
2408
Donegal Group Class A
DGICA
$692M
| $10.1M | ﹤0.01% |
522,812
+113,730
| +28% | +$2.08M |
|
|
SRDX
2409
DELISTED
Surmodics
SRDX
| $10.1M | ﹤0.01% |
339,036
+2,797
| +0.8% | +$93.4K |
|
2410
Vaalco Energy
EGY
$602M
| $10.1M | ﹤0.01% |
2,520,458
-423,248
| -14% | -$1.63M |
|
2411
NerdWallet
NRDS
$617M
| $10.1M | ﹤0.01% |
939,183
+13,680
| +1% | +$146K |
|
2412
Idaho Strategic Resources
IDR
$549M
| $10.1M | ﹤0.01% |
298,468
+12,895
| +5% | +$304K |
|
2413
American Battery Technology Co
ABAT
$342M
| $10M | ﹤0.01% |
2,061,659
+126,133
| +7% | +$330K |
|
2414
Portillo's
PTLO
$345M
| $10M | ﹤0.01% |
1,551,376
+150,484
| +11% | +$1.27M |
|
2415
LSB Industries
LXU
$711M
| $9.98M | ﹤0.01% |
1,266,739
+5,719
| +0.5% | +$46.4K |
|
2416
Savara
SVRA
$1.08B
| $9.98M | ﹤0.01% |
2,795,661
-174,522
| -6% | -$516K |
|
2417
Prothena Corp
PRTA
$475M
| $9.95M | ﹤0.01% |
1,019,483
+86,037
| +9% | +$661K |
|
2418
Willis Lease Finance
WLFC
$1.21B
| $9.94M | ﹤0.01% |
217,515
-30,306
| -12% | -$1.47M |
|
2419
Plains All American Pipeline
PAA
$16.4B
| $9.93M | ﹤0.01% |
582,318
-19,886
| -3% | -$356K |
|
|
ONC
2420
BeOne Medicines Ltd
ONC
$40.6B
| $9.93M | ﹤0.01% |
29,149
-6,467
| -18% | -$1.96M |
|
|
BLSH
2421
Bullish
BLSH
$4.17B
| $9.9M | ﹤0.01% |
+155,588
| New | +$9.54M |
|
2422
JELD-WEN Holding
JELD
$164M
| $9.89M | ﹤0.01% |
2,013,339
-3,000
| -0.1% | -$16K |
|
2423
Kodak
KODK
$992M
| $9.83M | ﹤0.01% |
1,532,463
-104,188
| -6% | -$656K |
|
|
RZLV
2424
Rezolve AI
RZLV
$1.06B
| $9.82M | ﹤0.01% |
1,972,824
+737,357
| +60% | +$2.9M |
|
|
DEC
2425
Diversified Energy Company
DEC
$1.02B
| $9.8M | ﹤0.01% |
699,727
+21,318
| +3% | +$320K |
|
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.