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 | |
|---|---|---|---|---|---|---|
|
BFS
2401
Saul Centers
BFS
$850M
| $10.3M | ﹤0.01% |
326,568
-1,092
| -0.3% | -$33.6K |
|
|
FRGE
2402
DELISTED
Forge Global Holdings
FRGE
| $10.3M | ﹤0.01% |
230,891
+15,585
| +7% | +$527K |
|
2403
Civista Bancshares
CIVB
$595M
| $10.3M | ﹤0.01% |
462,583
+32,146
| +7% | +$710K |
|
|
BAND
2404
Bandwidth Inc
BAND
$1.67B
| $10.3M | ﹤0.01% |
663,552
-1,321
| -0.2% | -$20K |
|
2405
Kosmos Energy
KOS
$1.51B
| $10.2M | ﹤0.01% |
11,272,318
+832,029
| +8% | +$1.1M |
|
2406
Enanta Pharmaceuticals
ENTA
$393M
| $10.2M | ﹤0.01% |
645,791
+152,597
| +31% | +$1.94M |
|
2407
Prothena Corp
PRTA
$466M
| $10.2M | ﹤0.01% |
1,063,069
+43,586
| +4% | +$444K |
|
2408
Southern California Bancorp
BCAL
$699M
| $10.1M | ﹤0.01% |
541,379
-4,043
| -0.7% | -$74.3K |
|
2409
Akebia Therapeutics
AKBA
$248M
| $10.1M | ﹤0.01% |
6,277,177
+92,226
| +1% | +$193K |
|
2410
Kopin
KOPN
$898M
| $10.1M | ﹤0.01% |
4,306,623
+544,189
| +14% | +$1.57M |
|
2411
MediaAlpha
MAX
$813M
| $10.1M | ﹤0.01% |
777,304
+7,530
| +1% | +$92K |
|
|
CAI
2412
Caris Life Sciences
CAI
$6.27B
| $10.1M | ﹤0.01% |
372,979
-25,349
| -6% | -$714K |
|
2413
Mesa Laboratories
MLAB
$631M
| $10M | ﹤0.01% |
127,950
+90
| +0.1% | +$6.84K |
|
2414
Bank of Marin Bancorp
BMRC
$462M
| $10M | ﹤0.01% |
385,827
+13,258
| +4% | +$341K |
|
2415
Miller Industries
MLR
$643M
| $10M | ﹤0.01% |
268,174
-2,172
| -0.8% | -$84.5K |
|
|
MH
2416
McGraw Hill
MH
$2.6B
| $10M | ﹤0.01% |
606,875
+68,250
| +13% | +$991K |
|
2417
Carter Bankshares
CARE
$749M
| $10M | ﹤0.01% |
508,322
-21,126
| -4% | -$394K |
|
2418
Plains All American Pipeline
PAA
$16.5B
| $9.98M | ﹤0.01% |
555,822
-26,496
| -5% | -$450K |
|
2419
Consensus Cloud Solutions
CCSI
$695M
| $9.97M | ﹤0.01% |
456,920
-5,596
| -1% | -$138K |
|
2420
Willis Lease Finance
WLFC
$1.21B
| $9.97M | ﹤0.01% |
220,356
+2,841
| +1% | +$123K |
|
2421
Manitowoc
MTW
$727M
| $9.93M | ﹤0.01% |
827,633
-2,616
| -0.3% | -$29.8K |
|
2422
JFrog
FROG
$11.5B
| $9.92M | ﹤0.01% |
159,060
+1,927
| +1% | +$110K |
|
2423
Atlanta Braves Holdings Series A
BATRA
$3.63B
| $9.85M | ﹤0.01% |
231,809
+2,655
| +1% | +$114K |
|
|
OLP
2424
One Liberty Properties
OLP
$523M
| $9.84M | ﹤0.01% |
484,879
+12,519
| +3% | +$259K |
|
|
LBRX
2425
LB Pharmaceuticals
LBRX
$1.46B
| $9.83M | ﹤0.01% |
441,454
+427,863
| +3,148% | +$7.47M |
|
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.