Clients
Geode Capital Management serves 165 clients, 91 of them investment companies. The average client has about $10.5 billion with the firm.
- Investment companies91 clients95%
- Pooled investment vehicles74 clients5%
- OtherPension and profit-sharing plans, Charitable organizations, State or municipal government entities, Sovereign wealth funds and foreign official institutions, Corporations and other businesses0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 91 | $1,643,432,655,384 | 94.6% | $18.06B |
| Pooled investment vehicles | 74 | $84,870,397,499 | 4.9% | $1.15B |
| Pension and profit-sharing plans | Not reported | $2,234,366,427 | 0.1% | — |
| Charitable organizations | Not reported | $352,480,758 | 0.0% | — |
| State or municipal government entities | Not reported | $497,661,700 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Not reported | $4,966,064,444 | 0.3% | — |
| Corporations and other businesses | Not reported | $169,608,321 | 0.0% | — |
| Total | 165 | $1,736,523,234,533 | 100% | $10.52B |
- Clients
- 91
- Regulatory AUM
- $1,643,432,655,384
- Share
- 94.6%
- Avg. per client
- $18.06B
- Clients
- 74
- Regulatory AUM
- $84,870,397,499
- Share
- 4.9%
- Avg. per client
- $1.15B
- Clients
- Not reported
- Regulatory AUM
- $2,234,366,427
- Share
- 0.1%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $352,480,758
- Share
- 0.0%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $497,661,700
- Share
- 0.0%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $4,966,064,444
- Share
- 0.3%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $169,608,321
- Share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 165
- Regulatory AUM
- $1,736,523,234,533
- Share
- 100%
- Avg. per client
- $10.52B
What it does
Geode Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and fixed fees.
Geode Capital Management advises no private funds.
100.0% of assets ($1736.52B across 176 accounts) are managed with discretion. 44% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks94%
- Funds1%
- Bonds2%
- Other3%
- Derivatives3%
Custodians
Geode Capital Management’s client accounts are held mainly at J.P. Morgan, with 0% of managed assets, and The Master Trust Bank of Japan, with 0%. Geode Capital Management does not have custody of client assets.
- OtherJ.P. Morgan, The Master Trust Bank of Japan, All other custodians100%
Ownership and leadership
Geode Capital Holdings LLC owns 75% or more of Geode Capital Management, and Ronald Depoalo is its CEO.
- Owns 75% or more of Geode Capital Management, LLC
Geode Capital Holdings LLC
Control person · since August 2003
- Owns 75% or more of Geode Capital Holdings LLC
Geode Holdings Trust
Control person · since August 2003
Nolly Corley
Trustee · Control person · since August 2006
Jennifer Uhrig
Director · since October 2013
Philip Bullen
Director · since February 2017
Thomas Sprague
Director · since February 2019
Michael Even
Director · since February 2020
Alok Kapoor
Director · since May 2022
Gerard McGraw
Director · since November 2023
Kathryn Dunn
Director · since August 2024
Leadership
- Ronald DepoaloPresident and Chief Executive Officer
- Sorin CodreanuChief Financial Officer
- Laura DohertyChief Operating Officer
- Michael CicconeChief Compliance Officer
- Philip BullenDirector
- Kathryn DunnDirector
- Michael EvenDirector
- Alok KapoorDirector
- Gerard McGrawDirector
- Brad MoyerGeneral Counsel
- Thomas SpragueDirector
- Jennifer UhrigDirector
Staff
- 194 employees
- 37 in advisory functions
- 2 soliciting firms
Reported holdings
Geode Capital Management’s reported 13F holdings total $1875.32B across 4,447 positions, and the ten largest make up 31.1% of it.
- $1875.32B
- Reported 13F value
- 4,447
- Positions
- 31.1%
- In the 10 largest
- +16.7%
- Value vs. prior quarter
- Nvidia Corp.6.4%
- Apple Inc.5.7%
- Microsoft Corp.3.8%
- Amazon.com Inc.3.0%
- Alphabet Inc.-cl A · Cap Stk CL A2.9%
- Broadcom Inc.2.3%
- Alphabet Inc.-cl C · Cap Stk CL C2.2%
- Micron Technology Inc.1.7%
- Meta Platforms Inc.-class A · CL A1.6%
- Tesla Inc.1.5%
Together, the ten largest are 31.1% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $1875.32B is not its $1736.52B in regulatory assets and does not represent any individual client's portfolio.
Fees
Geode Capital Management is paid through a percentage of assets under management and fixed fees (other than subscription fees).
Geode Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Geode Capital Management has 0 offices, with 1 listed address in 1 state.
Massachusetts · 1 listed address
- 100 Summer Street, 12th Floor, BostonHQ
Registration details
- Legal name
- Geode Capital Management, LLC
- Headquarters
- 100 Summer Street, 12th Floor, Boston, MA 02110
- Phone
- 18007776757
- Website
- www.geodecapital.com
- SEC file
- 801-61117
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Geode Capital Management have?
Geode Capital Management has 165 clients and manages $1736.5 billion for them, as of March 2026. They include 91 investment companies and 74 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Geode Capital Management offer?
Geode Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Geode Capital Management use?
Geode Capital Management’s separately managed account assets are held at JP Morgan Chase Bank (Boston, MA), with $4,966,064,444 and The Master Trust Bank of Japan, LTD. (Minato, Tokyo), with $1,972,143,965. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Geode Capital Management have?
Geode Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 194 employees, and 37 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Geode Capital Management invest in?
At the end of its last fiscal year, Geode Capital Management’s separately managed accounts held 94% exchange-traded equities, 3% derivatives, 2% U.S. government and agency bonds and 1% registered funds (mutual funds, ETFs, BDCs). It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Geode Capital Management?
Geode Capital Management’s direct owner is Geode Capital Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Geode Capital Management get paid?
Geode Capital Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file