# Geode Capital Management, LLC

> Geode Capital Management, LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 115504
- Filed as: GEODE CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115504
- AdvisorCensus page: https://advisorcensus.com/firm/geode-capital-management-llc-boston-ma-115504

## Quick answers

**How is Geode Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Geode Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Geode Capital Management, LLC located?**
Geode Capital Management, LLC's principal office is in Boston, MA, according to its Form ADV.

**Is Geode Capital Management, LLC registered with the SEC or a state?**
Geode Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 115504.

**How much does Geode Capital Management, LLC manage?**
Geode Capital Management, LLC reports $1,736,523,234,533 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Geode Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Geode Capital Management, LLC: Regulatory assets under management: $682,132,689,308 in the October 2021 data and $1,736,523,234,533 in the October 2026 data, up 155%. Total employees: 123 in October 2021 and 194 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Geode Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (91); pooled investment vehicles (other than investment companies and business development companies) (74).

**Which custodians does Geode Capital Management, LLC use?**
Geode Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Chase Bank and The Master Trust Bank of Japan, Ltd. as custodians holding 10% or more of its separately managed account assets.

**Does Geode Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/115504

**What changed in Geode Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 35 to 37. Regulatory assets under management went from $1,376,501,205,884 to $1,736,523,234,533 (+26%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- JP Morgan Chase Bank
- The Master Trust Bank of Japan, Ltd.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,736,523,234,533
- Discretionary: $1,736,523,234,533
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 91 | $1,643,432,655,384 |
| Pooled investment vehicles (other than investment companies and business development companies) | 74 | $84,870,397,499 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $2,234,366,427 |
| Charitable organizations | Fewer than 5 | $352,480,758 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $497,661,700 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $4,966,064,444 |
| Corporations or other businesses not listed above | Fewer than 5 | $169,608,321 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2002 (24 years)
- Employees: 194 total, 37 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- geodecapital.com
- LinkedIn @geode-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $682,132,689,308 | 123 | March 31, 2021 |
| October 2022 | $915,092,291,523 | 142 | July 8, 2022 |
| October 2023 | $803,470,618,544 | 156 | July 7, 2023 |
| October 2024 | $1,062,795,395,069 | 161 | August 13, 2024 |
| October 2025 | $1,376,501,205,884 | 173 | April 16, 2025 |
| October 2026 | $1,736,523,234,533 | 194 | March 31, 2026 |

Regulatory assets under management: $682,132,689,308 in the October 2021 data and $1,736,523,234,533 in the October 2026 data, up 155%.
Total employees: 123 in October 2021 and 194 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 35 to 37.
- Regulatory assets under management went from $1,376,501,205,884 to $1,736,523,234,533 (+26%).

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Geode Capital Management, LLC (CRD 115504): Form ADV filing data as of October 2026.