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 | 10.39% |
| 4 | Communication Services | 10.06% |
| 5 | Healthcare | 9.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.54T
| $109B | 6.75% |
588,803,093
+3,383,441
| +0.6% | +$630M |
2013 Q2
50 quarters
|
|
2
Apple
AAPL
$4.91T
| $97B | 5.99% |
358,032,517
+1,866,103
| +0.5% | +$501M |
2013 Q2
50 quarters
|
|
|
3
Microsoft
MSFT
$3.97T
| $88.1B | 5.43% |
182,618,400
+1,911,142
| +1% | +$958M |
2013 Q2
50 quarters
|
|
4
Amazon
AMZN
$2.83T
| $51.8B | 3.19% |
225,120,994
+2,479,324
| +1% | +$567M |
2013 Q2
50 quarters
|
|
|
5
Alphabet (Google) Class A
GOOGL
$4.3T
| $45.6B | 2.82% |
146,193,037
+2,666,676
| +2% | +$762M |
2015 Q4
40 quarters
|
|
6
Broadcom
AVGO
$1.73T
| $38.4B | 2.37% |
111,277,280
+1,548,699
| +1% | +$554M |
2013 Q2
50 quarters
|
|
7
Meta Platforms (Facebook)
META
$1.83T
| $34.7B | 2.14% |
52,806,712
+878,396
| +2% | +$587M |
2013 Q2
50 quarters
|
|
|
8
Alphabet (Google) Class C
GOOG
$4.25T
| $33.8B | 2.08% |
108,118,036
-118,752
| -0.1% | -$34M |
2013 Q2
50 quarters
|
|
9
Tesla
TSLA
$1.51T
| $29.4B | 1.82% |
65,700,975
+375,946
| +0.6% | +$167M |
2013 Q2
50 quarters
|
|
10
Eli Lilly
LLY
$1.05T
| $21.2B | 1.31% |
19,810,065
-7,822
| -0% | -$7.48M |
2013 Q2
50 quarters
|
|
11
Berkshire Hathaway Class B
BRK.B
$1.1T
| $20.1B | 1.24% |
40,022,166
+61,224
| +0.2% | +$30.5M |
2013 Q2
50 quarters
|
|
12
JPMorgan Chase
JPM
$885B
| $19.7B | 1.21% |
61,268,688
-13,017
| -0% | -$4.03M |
2013 Q2
50 quarters
|
|
13
Visa
V
$724B
| $15.4B | 0.95% |
44,042,586
+388,996
| +0.9% | +$133M |
2013 Q2
50 quarters
|
|
14
Johnson & Johnson
JNJ
$630B
| $12B | 0.74% |
57,953,747
+1,738,292
| +3% | +$344M |
2013 Q2
50 quarters
|
|
15
Mastercard
MA
$516B
| $11.8B | 0.73% |
20,686,605
+349,369
| +2% | +$195M |
2013 Q2
50 quarters
|
|
16
ExxonMobil
XOM
$695B
| $11.5B | 0.71% |
95,923,254
-231,011
| -0.2% | -$26.8M |
2013 Q2
50 quarters
|
|
|
17
Walmart Inc
WMT
$883B
| $11.4B | 0.71% |
103,010,709
+6,517,394
| +7% | +$700M |
2013 Q2
50 quarters
|
|
|
18
AbbVie
ABBV
$489B
| $10.2B | 0.63% |
44,629,980
+4,190,487
| +10% | +$955M |
2013 Q2
50 quarters
|
|
19
Palantir
PLTR
$502B
| $9.6B | 0.59% |
54,200,265
+805,047
| +2% | +$146M |
2020 Q4
20 quarters
|
|
20
Netflix
NFLX
$293B
| $9.31B | 0.57% |
99,598,678
-801,262
| -0.8% | -$86.4M |
2013 Q2
50 quarters
|
|
21
Procter & Gamble
PG
$351B
| $8.96B | 0.55% |
62,647,882
+1,974,556
| +3% | +$291M |
2013 Q2
50 quarters
|
|
22
Costco
COST
$420B
| $8.92B | 0.55% |
10,388,519
+26,690
| +0.3% | +$24.2M |
2013 Q2
50 quarters
|
|
23
Bank of America
BAC
$380B
| $8.47B | 0.52% |
154,483,485
-252,398
| -0.2% | -$13.3M |
2013 Q2
50 quarters
|
|
24
Home Depot
HD
$290B
| $8.15B | 0.5% |
23,756,142
+343,153
| +1% | +$126M |
2013 Q2
50 quarters
|
|
25
Advanced Micro Devices
AMD
$993B
| $8.02B | 0.49% |
37,584,845
+287,525
| +0.8% | +$64.6M |
2013 Q2
50 quarters
|
|
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.
Trading was light in Q4 2025: portfolio turnover was 5%. Geode Capital Management opened 113 new positions and exited 116, leaving the 4,586-position portfolio largely intact.
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 116 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.