GOLDMAN SACHS GROUP INC GS
COM · Common Stock · CUSIP 38141G104 · ISIN US38141G1040
American investment bank
- SectorFinancials
- IndustrySecurity Brokers, Dealers & Flotation Companies
- HeadquartersNew York, NY
- Founded1869
- Websitegoldmansachs.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($597.1m this quarter). Holder counts are more reliable. Shares outstanding: 302.7m as of 2025-07-18, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $707.31. Options: 70 managers hold calls ($8.4bn notional), 72 hold puts ($8.6bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,746 |
| Q4 2022 | 1,888 |
| Q1 2023 | 1,814 |
| Q2 2023 | 1,825 |
| Q3 2023 | 1,799 |
| Q4 2023 | 1,973 |
| Q1 2024 | 2,051 |
| Q2 2024 | 2,135 |
| Q3 2024 | 2,208 |
| Q4 2024 | 2,468 |
| Q1 2025 | 2,494 |
| Q2 2025 | 2,607 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 769 | 841 |
| Q4 2023 | 834 | 841 |
| Q1 2024 | 981 | 826 |
| Q2 2024 | 987 | 869 |
| Q3 2024 | 1,015 | 924 |
| Q4 2024 | 1,137 | 892 |
| Q1 2025 | 1,294 | 994 |
| Q2 2025 | 1,301 | 1,071 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $5.3bn | $6.0bn | 1.13 |
| Q4 2024 | $5.6bn | $7.1bn | 1.26 |
| Q1 2025 | $5.6bn | $4.7bn | 0.84 |
| Q2 2025 | $8.4bn | $8.6bn | 1.02 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +1.6m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +780.4k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +613.4k |
| Ninety One UK Ltd | New | +577.6k |
| AGF MANAGEMENT LTD | Added | +466.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +429.0k |
| PEAK6 LLC | Added | +337.6k |
| Castle Hook Partners LP | New | +325.8k |
| AMERIPRISE FINANCIAL INC | Added | +291.3k |
| Nearwater Capital Markets, Ltd | New | +264.0k |
Biggest sellers
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Sold out | -3.2m |
| JPMORGAN CHASE & CO | Reduced | -805.0k |
| BlackRock, Inc. | Reduced | -784.7k |
| FMR LLC | Reduced | -721.5k |
| Capital World Investors | Reduced | -714.1k |
| Amundi | Reduced | -694.8k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -499.8k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -408.1k |
| Qube Research & Technologies Ltd | Sold out | -381.2k |
| MORGAN STANLEY | Reduced | -338.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.8bn2.5m shares |
| CITADEL ADVISORS LLC | Added | $1.4bn1.9m shares |
| IMC-Chicago, LLC | Added | $769.9m1.1m shares |
| WOLVERINE TRADING, LLC | Added | $655.3m948.6k shares |
| JANE STREET GROUP, LLC | Added | $616.6m871.2k shares |
| Optiver Holding B.V. | Added | $327.5m462.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $249.6m352.7k shares |
| D. E. Shaw & Co., Inc. | Reduced | $248.6m351.2k shares |
| SIMPLEX TRADING, LLC | Added | $237.6m335.7k shares |
| PEAK6 LLC | Added | $229.5m324.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9bn2.6m shares |
| CITADEL ADVISORS LLC | Added | $1.6bn2.3m shares |
| IMC-Chicago, LLC | New | $774.8m1.1m shares |
| JANE STREET GROUP, LLC | Added | $718.2m1.0m shares |
| WOLVERINE TRADING, LLC | Added | $420.8m609.2k shares |
| Optiver Holding B.V. | New | $254.9m360.1k shares |
| ROYAL BANK OF CANADA | Added | $186.8m264.0k shares |
| PEAK6 LLC | Added | $185.7m262.4k shares |
| SIMPLEX TRADING, LLC | New | $175.9m248.5k shares |
| CTC LLC | Reduced | $165.8m234.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $2.9k | 1 | $5.0m | — |
| Q4 2023 | 1 | $2.9k | 1 | $461.2k | — |
| Q1 2024 | 1 | $3.0k | 5 | $17.5m | — |
| Q2 2024 | 1 | $3.0k | 3 | $12.1m | — |
| Q3 2024 | 1 | $3.3k | 4 | $13.1m | — |
| Q4 2024 | 0 | — | 7 | $37.3m | — |
| Q1 2025 | 1 | $1.5m | 5 | $14.1m | — |
| Q2 2025 | 1 | $2.0m | 1 | $3.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-14 | SOLOMON DAVID M Chairman of the Board and CEO, director | Sold | $3.0m5.0k shares |
| 2025-04-15 | HESS JOHN B Director | Bought | $2.0m3.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.33% of their portfolio | 29.0m $20.6bn | Reduced -127.1k |
| BlackRock, Inc. 0.31% of their portfolio | 23.1m $16.3bn | Reduced -784.7k |
| STATE STREET CORP 0.52% of their portfolio | 19.5m $13.8bn | Reduced -219.1k |
| MORGAN STANLEY 0.38% of their portfolio | 8.3m $5.9bn | Reduced -338.6k |
| JPMORGAN CHASE & CO 0.34% of their portfolio | 7.0m $5.0bn | Reduced -805.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 6.7m $4.7bn | Reduced -67.5k |
| Fisher Asset Management, LLC 1.84% of their portfolio | 6.5m $4.6bn | Added +227.6k |
| BANK OF AMERICA CORP /DE/ 0.30% of their portfolio | 5.2m $3.7bn | Added +198.1k |
| Capital World Investors 0.44% of their portfolio | 4.3m $3.0bn | Reduced -714.1k |
| Bank of New York Mellon Corp 0.45% of their portfolio | 3.4m $2.4bn | Added +157.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.27% of their portfolio | 3.4m $2.4bn | Reduced -226.2k |
| NORTHERN TRUST CORP 0.32% of their portfolio | 3.3m $2.4bn | Added +146 |
| Dodge & Cox 1.31% of their portfolio | 3.3m $2.3bn | Reduced -45.0k |
| ROYAL BANK OF CANADA 0.22% of their portfolio | 3.3m $2.3bn | Added +1.6m |
| NORGES BANK 0.27% of their portfolio | 3.0m $2.1bn | Added +108.2k |
| UBS Group AG 0.42% of their portfolio | 2.8m $2.0bn | Reduced -160.5k |
| Invesco Ltd. 0.34% of their portfolio | 2.8m $2.0bn | Reduced -135.7k |
| FMR LLC 0.10% of their portfolio | 2.5m $1.8bn | Reduced -721.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.36% of their portfolio | 2.5m $1.8bn | Added +429.0k |
| Legal & General Group Plc 0.37% of their portfolio | 2.1m $1.5bn | Reduced -33.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.23% of their portfolio | 1.9m $1.4bn | Reduced -13.8k |
| DIMENSIONAL FUND ADVISORS LP 0.31% of their portfolio | 1.9m $1.3bn | Reduced -77.1k |
| AMERIPRISE FINANCIAL INC 0.33% of their portfolio | 1.9m $1.3bn | Added +291.3k |
| BARCLAYS PLC 0.52% of their portfolio | 1.9m $1.3bn | Reduced -34.5k |
| FRANKLIN RESOURCES INC 0.34% of their portfolio | 1.8m $1.3bn | Added +48.8k |
| ALLIANCEBERNSTEIN L.P. 0.39% of their portfolio | 1.7m $1.2bn | Added +215.2k |
| Nuveen, LLC 0.32% of their portfolio | 1.6m $1.1bn | Reduced -29.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.36% of their portfolio | 1.6m $1.1bn | Reduced -254.2k |
| WELLS FARGO & COMPANY/MN 0.21% of their portfolio | 1.4m $963.3m | Reduced -38.0k |
| BANK OF MONTREAL /CAN/ 0.46% of their portfolio | 1.3m $912.3m | Added +159.8k |
| Amundi 0.30% of their portfolio | 1.2m $856.4m | Reduced -694.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.50% of their portfolio | 1.1m $772.3m | Added +780.4k |
| Capital Wealth Planning, LLC 5.59% of their portfolio | 1.0m $708.7m | Reduced -107.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.44% of their portfolio | 1.0m $708.2m | Reduced -46.6k |
| DEUTSCHE BANK AG\ 0.26% of their portfolio | 979.3k $693.1m | Added +120.8k |
| RAYMOND JAMES FINANCIAL INC 0.23% of their portfolio | 958.3k $678.3m | Reduced -52.3k |
| JENNISON ASSOCIATES LLC 0.40% of their portfolio | 950.7k $672.9m | Reduced -103.8k |
| Boston Partners 0.75% of their portfolio | 950.6k $673.1m | Reduced -43.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.50% of their portfolio | 893.4k $632.3m | Added +27.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.55% of their portfolio | 869.7k $615.5m | Reduced -208.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.11% of their portfolio | 844.6k $597.8m | Added +613.4k |
| JANUS HENDERSON GROUP PLC 0.27% of their portfolio | 778.9k $551.3m | Added +16.3k |
| HSBC HOLDINGS PLC 0.34% of their portfolio | 741.3k $524.4m | Reduced -41.9k |
| National Pension Service 0.39% of their portfolio | 646.0k $457.2m | Added +32.8k |
| Ninety One UK Ltd 0.96% of their portfolio | 577.6k $408.8m | New |
| LAZARD ASSET MANAGEMENT LLC 0.56% of their portfolio | 575.6k $407.4m | Reduced -187.5k |
| California Public Employees Retirement System 0.26% of their portfolio | 569.4k $403.0m | Added +38.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.34% of their portfolio | 566.8k $401.1m | Added +42.5k |
| RHUMBLINE ADVISERS 0.33% of their portfolio | 550.6k $389.7m | Reduced -20.0k |
| Rokos Capital Management LLP 6.11% of their portfolio | 516.4k $365.5m | Added +35.0k |
| LSV ASSET MANAGEMENT 0.84% of their portfolio | 509.8k $360.8m | Reduced -18.5k |
| NATIONAL BANK OF CANADA /FI/ 0.39% of their portfolio | 506.6k $358.5m | Added +88.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.38% of their portfolio | 488.4k $345.6m | Reduced -6.1k |
| AGF MANAGEMENT LTD 1.56% of their portfolio | 485.4k $343.5m | Added +466.2k |
| Chevy Chase Trust Holdings, LLC 1.00% of their portfolio | 485.1k $343.3m | Reduced -4.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.25% of their portfolio | 451.8k $319.8m | Reduced -408.1k |
| LPL Financial LLC 0.10% of their portfolio | 434.3k $307.4m | Added +25.8k |
| NATIXIS ADVISORS, LLC 0.47% of their portfolio | 422.0k $298.7m | Added +1.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.39% of their portfolio | 416.7k $294.9m | Reduced -2.0k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.64% of their portfolio | 402.1k $284.6m | Reduced -11.2k |
| CITIGROUP INC 0.19% of their portfolio | 390.6k $276.5m | Reduced -18.1k |
| Ensign Peak Advisors, Inc 0.47% of their portfolio | 386.2k $273.4m | Reduced -92.7k |
| Swedbank AB 0.29% of their portfolio | 367.5k $260.1m | First filing |
| NEUBERGER BERMAN GROUP LLC 0.20% of their portfolio | 365.9k $259.0m | Reduced -329.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.25% of their portfolio | 360.6k $254.4m | Reduced -499.8k |
| Markel Group Inc. 2.15% of their portfolio | 359.4k $254.3m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio | 352.4k $249.4m | Reduced -14.4k |
| PEAK6 LLC 4.43% of their portfolio | 347.9k $246.2m | Added +337.6k |
| Castle Hook Partners LP 3.39% of their portfolio | 325.8k $230.6m | New |
| IEQ CAPITAL, LLC 1.36% of their portfolio | 313.3k $221.7m | Reduced -55.1k |
| Aberdeen Group plc 0.38% of their portfolio | 312.7k $221.3m | Reduced -10.3k |
| STIFEL FINANCIAL CORP 0.21% of their portfolio | 302.6k $214.2m | Added +5.2k |
| HighTower Advisors, LLC 0.27% of their portfolio | 302.2k $213.9m | Added +4.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.37% of their portfolio | 296.2k $209.6m | Added +3.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 294.0k $208.0m | Reduced -25.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.31% of their portfolio | 286.3k $202.6m | Added +89.1k |
| Sumitomo Mitsui DS Asset Management Company, Ltd 1.82% of their portfolio | 285.2k $201.8m | Added +16.4k |
| PRUDENTIAL FINANCIAL INC 0.25% of their portfolio | 278.7k $197.2m | Added +14.3k |
| APG Asset Management N.V. 0.50% of their portfolio | 277.9k $167.5m | Reduced -43.3k |
| Rockefeller Capital Management L.P. 0.23% of their portfolio | 274.8k $194.5m | Added +164.7k |
| LOOMIS SAYLES & CO L P 0.24% of their portfolio | 274.4k $194.2m | Reduced -621 |
| Focused Investors LLC 6.31% of their portfolio | 272.6k $192.9m | Reduced -32.7k |
| Korea Investment CORP 0.43% of their portfolio | 270.7k $191.6m | Added +18.7k |
| Nearwater Capital Markets, Ltd 2.99% of their portfolio | 264.0k $186.9m | New |
| CONGRESS ASSET MANAGEMENT CO 1.28% of their portfolio | 262.7k $186.0m | Reduced -2.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.39% of their portfolio | 260.4k $184.3m | Reduced -1.0k |
| BANK OF NOVA SCOTIA 0.37% of their portfolio | 258.3k $182.8m | Added +93.1k |
| AQR CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 252.6k $178.8m | Added +37.0k |
| Rathbones Group PLC 0.75% of their portfolio | 245.5k $173.8m | Added +37.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.29% of their portfolio | 242.8k $171.8m | Reduced -26.7k |
| DANSKE BANK A/S 0.41% of their portfolio | 235.5k $166.7m | Reduced -33.6k |
| AVIVA PLC 0.34% of their portfolio | 235.3k $166.5m | Added +14.6k |
| Asset Management One Co., Ltd. 0.52% of their portfolio | 234.3k $165.8m | Reduced -4.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.38% of their portfolio | 232.4k $164.5m | Reduced -6.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.48% of their portfolio | 232.0k $164.2m | Reduced -5.6k |
| Capital Research Global Investors 0.03% of their portfolio | 226.2k $160.1m | Added +174.2k |
| Caisse de depot et placement du Quebec 0.33% of their portfolio | 220.4k $156.0m | Reduced -84.5k |
| 1832 Asset Management L.P. 0.27% of their portfolio | 219.9k $155.6m | Added +214.7k |
| Holocene Advisors, LP 0.38% of their portfolio | 215.0k $152.2m | New |
| KBC Group NV 0.40% of their portfolio | 211.4k $149.6m | Added +90.5k |