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 | 9.72% |
| 5 | Healthcare | 9.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.54T
| $109B | 6.94% |
585,419,652
+6,206,155
| +1% | +$1.08B |
2013 Q2
49 quarters
|
|
2
Microsoft
MSFT
$3.97T
| $93.3B | 5.95% |
180,707,258
+1,705,507
| +1% | +$870M |
2013 Q2
49 quarters
|
|
3
Apple
AAPL
$4.91T
| $90.4B | 5.77% |
356,166,414
+1,416,620
| +0.4% | +$320M |
2013 Q2
49 quarters
|
|
|
4
Amazon
AMZN
$2.83T
| $48.7B | 3.11% |
222,641,670
+5,924,013
| +3% | +$1.34B |
2013 Q2
49 quarters
|
|
5
Meta Platforms (Facebook)
META
$1.83T
| $38B | 2.42% |
51,928,316
+353,107
| +0.7% | +$263M |
2013 Q2
49 quarters
|
|
6
Broadcom
AVGO
$1.73T
| $36.1B | 2.3% |
109,728,581
+1,117,863
| +1% | +$343M |
2013 Q2
49 quarters
|
|
7
Alphabet (Google) Class A
GOOGL
$4.3T
| $34.8B | 2.22% |
143,526,361
+1,911,077
| +1% | +$400M |
2015 Q4
39 quarters
|
|
8
Tesla
TSLA
$1.51T
| $28.9B | 1.85% |
65,325,029
+557,036
| +0.9% | +$193M |
2013 Q2
49 quarters
|
|
|
9
Alphabet (Google) Class C
GOOG
$4.25T
| $26.2B | 1.67% |
108,236,788
+476,755
| +0.4% | +$100M |
2013 Q2
49 quarters
|
|
10
Berkshire Hathaway Class B
BRK.B
$1.1T
| $20B | 1.28% |
39,960,942
+62,453
| +0.2% | +$30.2M |
2013 Q2
49 quarters
|
|
11
JPMorgan Chase
JPM
$885B
| $19.3B | 1.23% |
61,281,705
+152,434
| +0.2% | +$45.3M |
2013 Q2
49 quarters
|
|
|
12
Eli Lilly
LLY
$1.05T
| $15.1B | 0.96% |
19,817,887
+1,689,260
| +9% | +$1.26B |
2013 Q2
49 quarters
|
|
13
Visa
V
$724B
| $14.9B | 0.95% |
43,653,590
+556,788
| +1% | +$193M |
2013 Q2
49 quarters
|
|
14
Netflix
NFLX
$293B
| $12B | 0.77% |
100,399,940
+1,132,610
| +1% | +$138M |
2013 Q2
49 quarters
|
|
15
Mastercard
MA
$516B
| $11.5B | 0.74% |
20,337,236
+576,684
| +3% | +$331M |
2013 Q2
49 quarters
|
|
16
ExxonMobil
XOM
$695B
| $10.8B | 0.69% |
96,154,265
-153,666
| -0.2% | -$17.1M |
2013 Q2
49 quarters
|
|
|
17
Johnson & Johnson
JNJ
$630B
| $10.4B | 0.66% |
56,215,455
-4,394,021
| -7% | -$753M |
2013 Q2
49 quarters
|
|
18
Oracle
ORCL
$429B
| $10.4B | 0.66% |
37,069,570
+746,493
| +2% | +$190M |
2013 Q2
49 quarters
|
|
19
Walmart Inc
WMT
$883B
| $9.91B | 0.63% |
96,493,315
+1,935,783
| +2% | +$193M |
2013 Q2
49 quarters
|
|
20
Palantir
PLTR
$502B
| $9.7B | 0.62% |
53,395,218
+3,690,348
| +7% | +$598M |
2020 Q4
19 quarters
|
|
21
Costco
COST
$420B
| $9.56B | 0.61% |
10,361,829
+86,773
| +0.8% | +$83.2M |
2013 Q2
49 quarters
|
|
22
Home Depot
HD
$290B
| $9.46B | 0.6% |
23,412,989
+434,180
| +2% | +$171M |
2013 Q2
49 quarters
|
|
23
AbbVie
ABBV
$489B
| $9.33B | 0.6% |
40,439,493
+1,261,142
| +3% | +$257M |
2013 Q2
49 quarters
|
|
24
Procter & Gamble
PG
$351B
| $9.3B | 0.59% |
60,673,326
+1,257,393
| +2% | +$196M |
2013 Q2
49 quarters
|
|
25
Bank of America
BAC
$380B
| $7.95B | 0.51% |
154,735,883
+6,559,128
| +4% | +$320M |
2013 Q2
49 quarters
|
|
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, 2,906 increased, 1,129 reduced and 119 closed positions. Its largest new stake was Skydance Corporation: 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 Skydance Corporation: 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.