Geode Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Geode Capital Management, LLC reported 4,465 stock positions worth $1.57 trillion. Its top holding was Nvidia (NVDA) at 6.9% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Apple (AAPL, 5.8%). Compared with Q2 2025, it opened 159 new positions, sold out of 132, added to 2,892 and reduced 1,129. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale an exit from Hess (HES).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001214717
- Portfolio Value
- $1.57T (Q3 2025)
- SEC Filing
- 0001214717-25-000016 ↗ filed Nov 12, 2025
Holdings Value
Holdings 4,465 stocks · $1.57T
| NVDA Nvidia Corp. | 6.94% | 585,419,652 | $108.8B | Add +1.1% |
| MSFT Microsoft Corp. | 5.95% | 180,707,258 | $93.3B | Add +0.9% |
| AAPL Apple Inc. | 5.77% | 356,166,414 | $90.4B | Add +0.4% |
| AMZN Amazon.com Inc. | 3.11% | 222,641,670 | $48.7B | Add +2.7% |
| META Meta Platforms Inc. Class A | 2.42% | 51,928,316 | $38.0B | Add +0.7% |
| AVGO Broadcom Inc. | 2.30% | 109,728,581 | $36.1B | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 2.22% | 143,526,361 | $34.8B | Add +1.4% |
| TSLA Tesla Inc. | 1.85% | 65,325,029 | $28.9B | Add +0.9% |
| GOOG Alphabet Inc. Class C | 1.67% | 108,236,788 | $26.2B | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.28% | 39,960,942 | $20.0B | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.23% | 61,281,705 | $19.3B | Add +0.3% |
| LLY Eli Lilly & Co. | 0.96% | 19,817,887 | $15.1B | Add +9.3% |
| V Visa Inc. Class A | 0.95% | 43,653,590 | $14.9B | Add +1.3% |
| NFLX Netflix Inc. | 0.77% | 10,039,994 | $12.0B | Add +1.1% |
| MA Mastercard Inc. Class A | 0.74% | 20,337,236 | $11.5B | Add +2.9% |
| XOM Exxon Mobil Corp. | 0.69% | 96,154,265 | $10.8B | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.66% | 56,215,455 | $10.4B | Reduce -7.3% |
| ORCL Oracle Corp. | 0.66% | 37,069,570 | $10.4B | Add +2.1% |
| WMT Walmart Inc. | 0.63% | 96,493,315 | $9.9B | Add +2.0% |
| PLTR Palantir Technologies Inc. Class A | 0.62% | 53,395,218 | $9.7B | Add +7.4% |
| COST Costco Wholesale Corp. | 0.61% | 10,361,829 | $9.6B | Add +0.8% |
| HD Home Depot Inc. | 0.60% | 23,412,989 | $9.5B | Add +1.9% |
| ABBV Abbvie Inc. | 0.60% | 40,439,493 | $9.3B | Add +3.2% |
| PG The Procter & Gamble Co. | 0.59% | 60,673,326 | $9.3B | Add +2.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.51% | 154,735,883 | $8.0B | Add +4.4% |
| UNH Unitedhealth Group Inc. | 0.48% | 21,786,025 | $7.5B | Add +2.2% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 24,462,062 | $7.3B | Add +1.4% |
| CSCO Cisco Systems Inc. | 0.44% | 101,018,304 | $6.9B | Add +1.8% |
| CVX Chevron Corp. | 0.43% | 43,478,121 | $6.7B | Add +18.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.40% | 22,269,014 | $6.3B | Add +1.5% |
| PM Philip Morris International | 0.39% | 37,924,853 | $6.1B | Add +2.0% |
| WFC Wells Fargo & Co. | 0.39% | 73,602,323 | $6.1B | Reduce -0.1% |
| AMD Advanced Micro Devices | 0.38% | 37,297,320 | $6.0B | Add +1.6% |
| KO The Coca-Cola Co. | 0.38% | 89,550,656 | $5.9B | Add +0.7% |
| LIN Linde PLC | 0.34% | 11,317,066 | $5.4B | Add +0.5% |
| GS Goldman Sachs Group Inc. | 0.34% | 6,681,455 | $5.3B | Add +0.2% |
| MCD McDonald's Corp. | 0.33% | 16,962,429 | $5.1B | Add +0.8% |
| ABT Abbott Laboratories | 0.33% | 38,541,894 | $5.1B | Add +0.7% |
| CAT Caterpillar Inc. | 0.32% | 10,515,658 | $5.0B | Add +0.5% |
| MRK Merck & Co. Inc. | 0.32% | 59,798,874 | $5.0B | Add +1.4% |
| CRM Salesforce Inc. | 0.32% | 20,991,211 | $5.0B | Add +0.6% |
| RTX RTX Corp. | 0.32% | 29,642,811 | $4.9B | Add +1.8% |
| T AT&T Inc. | 0.31% | 173,972,235 | $4.9B | Add +1.1% |
| APP AppLovin Corp. Class A | 0.31% | 6,718,998 | $4.8B | Add +101.7% |
| PEP Pepsico Inc. | 0.30% | 33,257,001 | $4.7B | Add +1.8% |
| BKNG Booking Holdings Inc. | 0.29% | 858,177 | $4.6B | Add +0.4% |
| UBER Uber Technologies Inc. | 0.29% | 46,333,607 | $4.5B | Add +1.0% |
| LRCX Lam Research Corp. | 0.29% | 33,620,755 | $4.5B | Reduce -0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 39,226,716 | $4.5B | Reduce -1.9% |
| VZ Verizon Communications Inc. | 0.28% | 101,764,815 | $4.5B | Add +1.4% |
| INTU Intuit Inc. | 0.28% | 6,527,088 | $4.4B | Add +1.6% |
| C Citigroup Inc. | 0.28% | 43,062,824 | $4.4B | Add +0.3% |
| MU Micron Technology Inc. | 0.28% | 26,038,319 | $4.3B | Add +1.4% |
| AMAT Applied Materials Inc. | 0.27% | 20,937,804 | $4.3B | Reduce -0.4% |
| NOW ServiceNow Inc. | 0.27% | 4,657,653 | $4.3B | Add +1.8% |
| QCOM Qualcomm Inc. | 0.27% | 25,675,155 | $4.3B | Reduce -0.2% |
| AXP American Express Co. | 0.27% | 12,693,368 | $4.2B | Reduce -5.9% |
| MS Morgan Stanley | 0.27% | 26,535,849 | $4.2B | Reduce -0.4% |
| TXN Texas Instruments Inc. | 0.26% | 22,616,797 | $4.1B | Add +1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 8,170,052 | $3.9B | Add +0.7% |
| ADBE Adobe Inc. | 0.25% | 11,117,629 | $3.9B | Add +0.3% |
| PGR Progressive Corp. | 0.25% | 15,659,808 | $3.9B | Add +0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 26,337,414 | $3.8B | Add +1.0% |
| GEV GE Vernova Inc. | 0.24% | 6,180,299 | $3.8B | Add +1.2% |
| ANET Arista Networks Inc. | 0.24% | 25,970,004 | $3.8B | Add +1.5% |
| KLAC KLA Corp. | 0.24% | 3,478,487 | $3.7B | Reduce -0.0% |
| AMGN Amgen Inc. | 0.24% | 13,267,515 | $3.7B | Add +1.9% |
| ISRG Intuitive Surgical Inc. | 0.23% | 8,273,676 | $3.7B | Add +1.0% |
| APH Amphenol Corp. Class A | 0.23% | 29,569,839 | $3.6B | Add +3.7% |
| BLK BlackRock Inc. | 0.23% | 3,139,820 | $3.6B | Reduce -0.1% |
| SCHW Schwab (charles) Corp. | 0.23% | 37,569,398 | $3.6B | Add +0.5% |
| UNP Union Pacific Corp. | 0.23% | 15,063,854 | $3.6B | Add +0.5% |
| ACN Accenture PLC Class A | 0.23% | 14,437,717 | $3.5B | Add +2.8% |
| BA The Boeing Co. | 0.23% | 16,491,682 | $3.5B | Add +1.1% |
| NEE Nextera Energy Inc. | 0.22% | 46,305,867 | $3.5B | Add +1.3% |
| ADP Automatic Data Processing | 0.21% | 11,439,696 | $3.4B | Add +0.5% |
| SPGI S&P Global Inc. | 0.21% | 6,864,149 | $3.3B | Add +1.0% |
| GILD Gilead Sciences Inc. | 0.21% | 29,928,986 | $3.3B | Add +2.5% |
| INTC Intel Corp. | 0.21% | 98,806,714 | $3.3B | Add +1.3% |
| HON Honeywell International Inc. | 0.21% | 15,595,718 | $3.3B | Add +1.1% |
| PFE Pfizer Inc. | 0.21% | 129,007,353 | $3.3B | Add +1.2% |
| BX Blackstone Inc. | 0.21% | 18,952,881 | $3.2B | Add +14.6% |
| ETN Eaton Corp. PLC | 0.20% | 8,607,898 | $3.2B | Add +0.6% |
| BSX Boston Scientific Corp. | 0.20% | 32,690,528 | $3.2B | Add +0.8% |
| PANW Palo Alto Networks Inc. | 0.20% | 15,448,501 | $3.1B | Add +1.8% |
| LOW Lowe's Cos Inc. | 0.20% | 12,439,002 | $3.1B | Add +0.7% |
| COF Capital One Financial Corp. | 0.19% | 14,102,146 | $3.0B | Add +0.7% |
| MO Altria Group Inc. | 0.19% | 45,254,719 | $3.0B | Add +1.2% |
| HOOD Robinhood Markets Inc. Class A | 0.19% | 20,815,023 | $3.0B | Add +58.0% |
| TMUS T-Mobile US Inc. | 0.19% | 12,258,546 | $2.9B | Add +2.5% |
| ADI Analog Devices Inc. | 0.19% | 11,912,329 | $2.9B | Add +1.9% |
| WELL Welltower Inc. | 0.18% | 16,232,679 | $2.9B | Add +8.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 5,810,745 | $2.8B | Add +1.4% |
| CMCSA Comcast Corp. Class A | 0.18% | 88,447,934 | $2.8B | Add +1.7% |
| SYK Stryker Corp. | 0.18% | 7,465,721 | $2.7B | Add +1.0% |
| DHR Danaher Corp. | 0.17% | 13,849,412 | $2.7B | Add +0.9% |
| CDNS Cadence Design SYS Inc. | 0.17% | 7,535,120 | $2.6B | Add +18.4% |
| COP Conocophillips | 0.17% | 28,009,183 | $2.6B | Add +0.1% |
| MDT Medtronic PLC | 0.17% | 27,647,562 | $2.6B | Reduce -2.0% |
| MRSH Marsh & McLennan Cos | 0.17% | 12,967,908 | $2.6B | Add +2.2% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $65.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EWT iShares MSCI Taiwan ETF | MSCI TAIWAN ETF · principal | 988,467 | $62.9M | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | ST STR P500ETF · principal | 28,439 | $2.2M | Reduce -80.0% |
| KSA Ishrs MSCI Saudi Arabia ETF | MSCI SAUDI ARBIA · principal | 5,413 | $220K | New |
| ASPSW Altisource Portfolio - 30 | *W EXP 04/30/203 | 212,710 | $149K | New |
| ASPSZ Altisource Portfolio - 29C | *W EXP 04/02/202 | 212,710 | $127K | No change |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 24,073 | $42K | No change |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | 1,585,094 | $2K | No change |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 11,438 | $370 | No change |
Total filed on the 13F, all lines: $1.57T.
Portfolio Sells Q2 2025 → Q3 2025
| HES Hess Corp. | Sold out | 0.00% | −0.07 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.06 |
| DIS The Walt Disney Co. | Reduce -1.9% | 0.29% | −0.06 |
| FISV Fiserv Inc. | Reduce -1.6% | 0.10% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 0.69% | −0.04 |
| AXP American Express Co. | Reduce -5.9% | 0.27% | −0.03 |
| CHTR Charter Communications Inc. Class A | Reduce -3.2% | 0.04% | −0.03 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.03 |
| IT Gartner Inc. | Reduce -0.9% | 0.04% | −0.03 |
| PAYX Paychex Inc. | Reduce -5.5% | 0.08% | −0.03 |
| FICO Fair Isaac Corp. | Reduce -0.3% | 0.07% | −0.02 |
| AON Aon PLC Class A | Reduce -8.5% | 0.12% | −0.02 |
| CNC Centene Corp. | Reduce -4.8% | 0.03% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -0.8% | 0.09% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -0.1% | 0.39% | −0.02 |
| GWW WW Grainger Inc. | Reduce -4.2% | 0.07% | −0.02 |
| EOG EOG Resources Inc. | Reduce -0.4% | 0.09% | −0.02 |
| FDS Factset Research Systems Inc. | Reduce -5.0% | 0.02% | −0.02 |
| AIG American International Group | Reduce -4.6% | 0.06% | −0.02 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.02 |
| GDDY GoDaddy Inc. Class A | Reduce -0.3% | 0.03% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -0.2% | 0.27% | −0.01 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.01 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -0.3% | 0.09% | −0.01 |
| LPLA LPL Financial Holdings Inc. | Reduce -10.5% | 0.03% | −0.01 |
| ODFL Old Dominion Freight Line | Reduce -0.6% | 0.04% | −0.01 |
| VST Vistra Corp. | Reduce -2.3% | 0.11% | −0.01 |
| TPL Texas Pacific Land Corp. | Reduce -4.4% | 0.03% | −0.01 |
| STZ Constellation Brands Inc. Class A | Reduce -1.4% | 0.03% | −0.01 |
| MMM 3M Co. | Reduce -1.3% | 0.12% | −0.01 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.01 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.01 |
| TRGP Targa Resources Corp. | Reduce -0.6% | 0.06% | −0.01 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.01 |
| IR Ingersoll-Rand Inc. | Reduce -6.7% | 0.05% | −0.01 |
| BAX Baxter International Inc. | Reduce -2.7% | 0.02% | −0.01 |
| ADSK Autodesk Inc. | Reduce -0.8% | 0.11% | −0.01 |
| MKTX Marketaxess Holdings Inc. | Reduce -27.2% | 0.01% | −0.01 |
| CHX Championx Corp. | Sold out | 0.00% | −0.01 |
| EQH Equitable Holdings Inc. | Reduce -14.1% | 0.02% | −0.01 |
| KMX Carmax Inc. | Reduce -10.3% | 0.01% | −0.01 |
| PPG PPG Industries Inc. | Reduce -1.7% | 0.04% | −0.01 |
| ESGR Enstar Group Ltd. | Sold out | 0.00% | −0.01 |
| TW Tradeweb Markets Inc. Class A | Reduce -3.3% | 0.01% | −0.01 |
| GIS General Mills Inc. | Reduce -1.0% | 0.05% | −0.01 |
| GMS GMS Inc. | Sold out | 0.00% | −0.01 |
| LYB Lyondellbasell Indu Class A | Reduce -2.8% | 0.02% | −0.01 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -2.5% | 0.08% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.4% | 5.77% | +0.68 |
| NVDA Nvidia Corp. | Add +1.1% | 6.94% | +0.55 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 2.22% | +0.48 |
| TSLA Tesla Inc. | Add +0.9% | 1.85% | +0.41 |
| GOOG Alphabet Inc. Class C | Add +0.4% | 1.67% | +0.34 |
| APP AppLovin Corp. Class A | Add +101.7% | 0.31% | +0.23 |
| AVGO Broadcom Inc. | Add +1.0% | 2.30% | +0.21 |
| PLTR Palantir Technologies Inc. Class A | Add +7.4% | 0.62% | +0.15 |
| ORCL Oracle Corp. | Add +2.1% | 0.66% | +0.11 |
| HOOD Robinhood Markets Inc. Class A | Add +58.0% | 0.19% | +0.10 |
| ABBV Abbvie Inc. | Add +3.2% | 0.60% | +0.09 |
| CVX Chevron Corp. | Add +18.0% | 0.43% | +0.06 |
| INTC Intel Corp. | Add +1.3% | 0.21% | +0.06 |
| ANET Arista Networks Inc. | Add +1.5% | 0.24% | +0.06 |
| MU Micron Technology Inc. | Add +1.4% | 0.28% | +0.06 |
| NEM Newmont Corp. | Add +3.9% | 0.14% | +0.04 |
| APH Amphenol Corp. Class A | Add +3.7% | 0.23% | +0.04 |
| CAT Caterpillar Inc. | Add +0.5% | 0.32% | +0.04 |
| GE General Electric | Add +1.4% | 0.47% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +9.1% | 0.08% | +0.03 |
| BX Blackstone Inc. | Add +14.6% | 0.21% | +0.03 |
| GLW Corning Inc. | Add +2.3% | 0.10% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +18.4% | 0.17% | +0.03 |
| WDC Western Digital Corp. | Add +1.2% | 0.07% | +0.03 |
| CPNG Coupang Inc. | Add +187.4% | 0.05% | +0.03 |
| RBLX Roblox Corp. Class A | Add +16.3% | 0.10% | +0.03 |
| SHOP Shopify Inc. Class A | Add +10.6% | 0.11% | +0.03 |
| DDOG Datadog Inc. Class A | Add +52.0% | 0.08% | +0.03 |
| STX Seagate Technology Holdings | Add +2.1% | 0.07% | +0.02 |
| WELL Welltower Inc. | Add +8.1% | 0.18% | +0.02 |
| C Citigroup Inc. | Add +0.3% | 0.28% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +0.7% | 0.25% | +0.02 |
| XYZ Block Inc. | Add +53.0% | 0.07% | +0.02 |
| ALAB Astera Labs Inc. | Add +86.7% | 0.03% | +0.02 |
| AMD Advanced Micro Devices | Add +1.6% | 0.38% | +0.02 |
| EME Emcor Group Inc. | Add +36.3% | 0.06% | +0.02 |
| IBKR Interactive Brokers Gro Class A | Add +54.8% | 0.05% | +0.02 |
| BE Bloom Energy Corp. Class A | Add +5.3% | 0.03% | +0.02 |
| RTX RTX Corp. | Add +1.8% | 0.32% | +0.02 |
| AMRZ Amrize Ltd. | Add +110154.4% | 0.02% | +0.02 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +4.2% | 0.07% | +0.02 |
| BAC Bank of America Corp. | Add +4.4% | 0.51% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +15.2% | 0.05% | +0.02 |
| TJX TJX Companies Inc. | Add +1.0% | 0.24% | +0.02 |
| RY Royal Bank of Canada | Add +13.1% | 0.12% | +0.02 |
| GEV GE Vernova Inc. | Add +1.2% | 0.24% | +0.02 |
| CMI Cummins Inc. | Add +1.4% | 0.10% | +0.02 |
| HD Home Depot Inc. | Add +1.9% | 0.60% | +0.01 |
| CRWV Coreweave Inc. Class A | Add +264.7% | 0.02% | +0.01 |
| B Barrick Mining Corp. | Add +14.9% | 0.04% | +0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| INDA iShares MSCI India ETF | MSCI INDIA ETF · principal | Sold out | 4,541,678 | $252.9Mbefore exit |
| SPYM Ste STR SPDR PT S&P 500 ETF | ST STR P500ETF · principal | Reduce -80.0% | 28,439 | $2.2M |
| KSA Ishrs MSCI Saudi Arabia ETF | MSCI SAUDI ARBIA · principal | New | 5,413 | $220K |
| ASPSW Altisource Portfolio - 30 | *W EXP 04/30/203 | New | 212,710 | $149K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4,438 | $1.88T | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 4,503 | $1.61T | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 4,460 | $1.62T | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 4,465 | $1.57T | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 4,437 | $1.43T | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 4,470 | $1.27T | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 4,465 | $1.29T | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 4,528 | $1.23T | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 4,580 | $1.14T | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 4,605 | $1.08T | MSFT, AAPL, NVDA, AMZN, META |