Geode Capital Management Portfolio holdings
Geode Capital Management builds and runs index-tracking portfolios, most often hired to manage money for other firms' funds, and it has long managed Fidelity's index funds. Its clients include mutual funds, ETFs, banks, corporations, trusts and investment advisers, and it advises Fidelity's no-fee Zero funds. To track an index, it either holds every security in it in similar proportions or a representative sample of them. Fidelity Investments set Geode up in 2001 to run systematic long/short stock strategies and to try out new ones, then made it an independent company in 2003. Jacque Perold, a Fidelity executive who later became the president of Fidelity Investments, was put in charge when Geode was set up. Geode shut down its hedge fund business in 2021 after losses on derivatives.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$1.69B |
| 2 |
NVIDIA
NVDA
|
+$1.61B |
| 3 |
Microsoft
MSFT
|
+$1.3B |
| 4 |
Apple
AAPL
|
+$1.24B |
| 5 |
SpaceX
SPCX
|
+$1.21B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Electronic Arts
EA
|
+$1.54B |
| 2 |
AvalonBay Communities
AVB
|
+$804M |
| 3 |
Qualcomm
QCOM
|
+$672M |
| 4 |
Meta Platforms (Facebook)
META
|
+$628M |
| 5 |
UnitedHealth
UNH
|
+$405M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.88% |
| 2 | Financials | 11.9% |
| 3 | Healthcare | 9.75% |
| 4 | Communication Services | 8.97% |
| 5 | Consumer Discretionary | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Procter & Gamble
PG
$383B
| $9.9B | 0.51% |
68,135,975
+1,677,503
| +3% | +$246M |
2013 Q2
53 quarters
|
|
27
Costco
COST
$467B
| $9.8B | 0.51% |
10,769,612
+142,140
| +1% | +$133M |
2013 Q2
53 quarters
|
|
28
Coca-Cola
KO
$412B
| $9.6B | 0.5% |
111,516,244
+5,538,253
| +5% | +$480M |
2013 Q2
53 quarters
|
|
29
Chevron
CVX
$415B
| $9.5B | 0.49% |
46,782,809
+2,246,997
| +5% | +$442M |
2013 Q2
53 quarters
|
|
30
Caterpillar
CAT
$256B
| $9.1B | 0.47% |
11,254,230
+78,737
| +0.7% | +$66.8M |
2013 Q2
53 quarters
|
|
31
Merck
MRK
$362B
| $8.93B | 0.46% |
61,565,702
+821,488
| +1% | +$114M |
2013 Q2
53 quarters
|
|
32
Bank of America
BAC
$341B
| $8.56B | 0.45% |
157,936,815
+329,564
| +0.2% | +$20.1M |
2013 Q2
53 quarters
|
|
33
Palo Alto Networks
PANW
$257B
| $8.03B | 0.42% |
20,259,461
+643,888
| +3% | +$229M |
2013 Q2
53 quarters
|
|
34
GE Aerospace
GE
$335B
| $7.78B | 0.4% |
24,941,983
+113,126
| +0.5% | +$39.2M |
2013 Q2
53 quarters
|
|
35
Netflix
NFLX
$260B
| $7.63B | 0.4% |
110,059,109
-253,627
| -0.2% | -$19.1M |
2013 Q2
53 quarters
|
|
|
36
UnitedHealth
UNH
$353B
| $7.58B | 0.39% |
20,745,390
-1,006,547
| -5% | -$405M |
2013 Q2
53 quarters
|
|
37
Philip Morris
PM
$308B
| $7.57B | 0.39% |
39,609,979
+571,381
| +1% | +$108M |
2013 Q2
53 quarters
|
|
38
KLA
KLAC
$180B
| $7.28B | 0.38% |
37,422,990
+934,646
| +3% | +$183M |
2013 Q2
53 quarters
|
|
39
Home Depot
HD
$343B
| $7.26B | 0.38% |
25,559,066
+295,618
| +1% | +$97M |
2013 Q2
53 quarters
|
|
40
Texas Instruments
TXN
$254B
| $6.86B | 0.36% |
24,531,731
+493,584
| +2% | +$136M |
2013 Q2
53 quarters
|
|
41
Amgen
AMGN
$249B
| $6.74B | 0.35% |
16,041,602
+345,534
| +2% | +$138M |
2013 Q2
53 quarters
|
|
42
Sandisk
SNDK
$119B
| $6.54B | 0.34% |
3,769,863
+178,364
| +5% | +$279M |
2025 Q1
6 quarters
|
|
43
CrowdStrike
CRWD
$222B
| $6.51B | 0.34% |
24,658,481
+325,125
| +1% | +$69M |
2019 Q3
28 quarters
|
|
44
Goldman Sachs
GS
$250B
| $6.25B | 0.32% |
6,967,354
+18,769
| +0.3% | +$19.2M |
2013 Q2
53 quarters
|
|
45
RTX Corp
RTX
$256B
| $6.22B | 0.32% |
33,543,723
+360,662
| +1% | +$73.8M |
2013 Q2
53 quarters
|
|
46
GE Vernova
GEV
$205B
| $6.1B | 0.32% |
6,430,717
+83,729
| +1% | +$83M |
2024 Q2
9 quarters
|
|
47
Wells Fargo
WFC
$252B
| $5.98B | 0.31% |
74,697,137
+803,751
| +1% | +$69.5M |
2013 Q2
53 quarters
|
|
48
Arista Networks
ANET
$216B
| $5.78B | 0.3% |
28,455,348
+949,595
| +3% | +$179M |
2014 Q3
48 quarters
|
|
49
Linde
LIN
$237B
| $5.75B | 0.3% |
12,099,033
+156,020
| +1% | +$76.7M |
2018 Q4
31 quarters
|
|
50
Marvell Technology
MRVL
$127B
| $5.71B | 0.3% |
21,684,849
+558,753
| +3% | +$125M |
2013 Q2
53 quarters
|
|
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Geode Capital Management's Q3 2026 Portfolio in Review
As of Q3 2026, Geode Capital Management held 4,567 positions worth $1.92T, up 2.6% from $1.88T the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Geode Capital Management's Q3 2026 filing shows 120 new, 2,066 increased, 1,957 reduced and 187 closed positions. Its largest new stake was Mobility Global Inc: 3,391,832 shares worth $58.2M. The largest sale was Electronic Arts, an estimated $1.54B.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2026 buy was Mobility Global Inc: 3,391,832 shares worth $58.2M.
- Geode Capital Management added most to Johnson & Johnson in Q3 2026, an estimated $1.69B increase.
- Geode Capital Management's biggest Q3 2026 reduction was Qualcomm, cutting an estimated $672M.
- Geode Capital Management fully exited Electronic Arts in Q3 2026, selling an estimated $1.54B.
- Geode Capital Management's ten largest holdings make up 34% of its $1.92T portfolio in Q3 2026.
- Geode Capital Management opened 120 new positions and closed 187 in Q3 2026.
- Geode Capital Management's portfolio value rose 2.6% quarter-over-quarter to $1.92T.
Based on Geode Capital Management's 13F filing for Q3 2026, filed 6 Nov 2026.