Vault-13

GOLDMAN SACHS ETF TR GSLC

ACTIVEBETA US LG · ETP · CUSIP 381430503

561 institutional holders +20 vs Q2 2025
99,032,36699.0m shares reported held*
$12.9bnreported value*
53 new 185 added 183 reduced 27 sold out net sold ≈ $167.2m (-1.3m shares)

* 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 ($902.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $130.15. Options: 3 managers hold calls ($1.1m notional), 1 hold puts ($52.1k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 379Q4 22: 388Q1 23: 391Q2 23: 403Q3 23: 405Q4 23: 450Q1 24: 474Q2 24: 485Q3 24: 491Q4 24: 542Q1 25: 541Q2 25: 541Q3 25: 561561Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022379
Q4 2022388
Q1 2023391
Q2 2023403
Q3 2023405
Q4 2023450
Q1 2024474
Q2 2024485
Q3 2024491
Q4 2024542
Q1 2025541
Q2 2025541
Q3 2025561

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 23: 165 bought or addedQ4 23: 197 cut or sold outQ1 24: 212 bought or addedQ1 24: 195 cut or sold outQ1 24Q2 24: 183 bought or addedQ2 24: 220 cut or sold outQ3 24: 205 bought or addedQ3 24: 211 cut or sold outQ3 24Q4 24: 211 bought or addedQ4 24: 204 cut or sold outQ1 25: 216 bought or addedQ1 25: 234 cut or sold outQ1 25Q2 25: 238 bought or addedQ2 25: 207 cut or sold outQ3 25: 238 bought or addedQ3 25: 210 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023165197
Q1 2024212195
Q2 2024183220
Q3 2024205211
Q4 2024211204
Q1 2025216234
Q2 2025238207
Q3 2025238210

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ4 24 calls: $57.6kQ4 24 puts: $46.1kQ4 24P/C 0.80Q1 25 calls: $9.4mQ1 25 puts: $44.0kQ1 25P/C 0.00Q2 25 calls: $704.0kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $1.1mQ3 25 puts: $52.1kQ3 25P/C 0.05
Numbers
QuarterCallsPutsP/C
Q4 2024$57.6k$46.1k0.80
Q1 2025$9.4m$44.0k0.00
Q2 2025$704.0k$00.00
Q3 2025$1.1m$52.1k0.05

Biggest buyers

Sanctuary Advisors, LLC Added +678,799+678.8k
MORGAN STANLEY Added +372,205+372.2k
JPMORGAN CHASE & CO Added +320,869+320.9k
GOLDMAN SACHS GROUP INC Added +266,748+266.7k
Betterment LLC Added +248,198+248.2k
Goldstein Advisors, LLC Added +100,549+100.5k
HB Wealth Management, LLC Added +76,936+76.9k
Arkadios Wealth Advisors New +62,805+62.8k
LPL Financial LLC Added +61,840+61.8k
Cetera Investment Advisers Added +47,709+47.7k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -1,905,712-1.9m
ROYAL BANK OF CANADA Reduced -972,385-972.4k
Leo Wealth, LLC Reduced -197,603-197.6k
SigFig Wealth Management, LLC Reduced -145,532-145.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -109,776-109.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -92,659-92.7k
BANK OF AMERICA CORP /DE/ Reduced -76,028-76.0k
Retirement Planning Group, LLC Reduced -71,716-71.7k
Rockefeller Capital Management L.P. Reduced -44,107-44.1k
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Reduced -38,447-38.4k

Biggest calls

JANE STREET GROUP, LLC New $599.3k4.6k shares
CITADEL ADVISORS LLC Reduced $482.0k3.7k shares
Belvedere Trading LLC New $26.1k200 shares

Biggest puts

Belvedere Trading LLC New $52.1k400 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.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLS FARGO & COMPANY/MN 0.74% of their portfolio SAN FRANCISCO, CA 27,845,91327.8m $3.6bn $3.6bn 0.74% Reduced -1.9m -1,905,712
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.59% of their portfolio MILWAUKEE, WI 6,800,1586.8m $885.9m $885.9m 0.59% Reduced -109.8k -109,776
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 5,855,4135.9m $762.8m $762.8m 0.05% Added +372.2k +372,205
4 Betterment LLC 1.51% of their portfolio NEW YORK, NY 5,847,8495.8m $761.9m $761.9m 1.51% Added +248.2k +248,198
5 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 12.30% of their portfolio LOS ANGELES, CA 4,425,0554.4m $576.5m $576.5m 12.30% Reduced -38.4k -38,447
6 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 3,068,3143.1m $399.7m $399.7m 0.12% Added +61.8k +61,840
7 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 2,993,3523.0m $390.0m $390.0m 0.03% Reduced -76.0k -76,028
8 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 2,511,8292.5m $327.2m $327.2m 0.09% Added +20.8k +20,804
9 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 2,436,1842.4m $317.4m $317.4m 0.05% Added +266.7k +266,748
10 RiverFront Investment Group, LLC 4.22% of their portfolio RICHMOND, VA 1,847,4031.8m $240.5m $240.5m 4.22% Added +40.1k +40,126
11 SigFig Wealth Management, LLC 6.92% of their portfolio SAN FRANCISCO, CA 1,720,7901.7m $223.8m $223.8m 6.92% Reduced -145.5k -145,532
12 Sanctuary Advisors, LLC 0.51% of their portfolio INDIANAPOLIS, IN 1,401,7211.4m $169.1m $169.1m 0.51% Added +678.8k +678,799
13 Glenview Trust Co 2.42% of their portfolio Louisville, KY 1,171,2881.2m $152.6m $152.6m 2.42% Reduced -36.6k -36,644
14 HB Wealth Management, LLC 1.02% of their portfolio Atlanta, GA 1,148,0371.1m $149.6m $149.6m 1.02% Added +76.9k +76,936
15 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 1,140,3371.1m $148.6m $148.6m 0.05% Added +3.8k +3,776
16 Cetera Investment Advisers 0.15% of their portfolio SCHAUMBURG, IL 983,871983.9k $128.2m $128.2m 0.15% Added +47.7k +47,709
17 Financial Management Professionals, Inc. 11.68% of their portfolio AUSTIN, TX 861,151861.2k $112.2m $112.2m 11.68% Added +8.9k +8,910
18 SFMG, LLC 7.38% of their portfolio PLANO, TX 817,660817.7k $106.5m $106.5m 7.38% Added +6.3k +6,280
19 High Probability Advisors, LLC 14.49% of their portfolio Pittsford, NY 810,962811.0k $105.7m $105.7m 14.49% Added +12.3k +12,312
20 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 701,307701.3k $91.4m $91.4m 0.02% Reduced -972.4k -972,385
21 SkyView Investment Advisors, LLC 11.16% of their portfolio SHREWSBURY, NJ 677,925677.9k $88.3m $88.3m 11.16% Reduced -16.0k -16,027
22 OneDigital Investment Advisors LLC 0.91% of their portfolio OVERLAND PARK, KS 676,832676.8k $88.2m $88.2m 0.91% Reduced -17.6k -17,581
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 670,942670.9k $87.4m $87.4m 0.00% Added +320.9k +320,869
24 Goldstein Advisors, LLC 10.44% of their portfolio Madison, WI 659,356659.4k $85.9m $85.9m 10.44% Added +100.5k +100,549
25 Riverpoint Wealth Management Holdings, LLC 18.53% of their portfolio CHICAGO, IL 647,292647.3k $84.3m $84.3m 18.53% Reduced -4.2k -4,239
26 UBS Group AG 0.01% of their portfolio ZURICH, V8 583,883583.9k $76.1m $76.1m 0.01% Reduced -23.0k -23,028
27 Lifelong Wealth Advisors, Inc. 21.14% of their portfolio Arden Hills, MN 544,802544.8k $71.0m $71.0m 21.14% Added +3.1k +3,064
28 Hennion & Walsh Asset Management, Inc. 2.47% of their portfolio Parsippany, NJ 523,702523.7k $68.2m $68.2m 2.47% Added +10.6k +10,640
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 504,437504.4k $65.7m $65.7m 0.10% Reduced -5.6k -5,644
30 FIRST FOUNDATION ADVISORS 2.34% of their portfolio Irvine, CA 485,022485.0k $63.2m $63.2m 2.34% Reduced -17.4k -17,379
31 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 466,424466.4k $60.8m $60.8m 0.08% Reduced -92.7k -92,659
32 Orion Porfolio Solutions, LLC 0.45% of their portfolio OMAHA, NE 447,064447.1k $58.2m $58.2m 0.45% Reduced -25.1k -25,054
33 Penney Financial, LLC 25.43% of their portfolio HOUSTON, TX 435,895435.9k $56.8m $56.8m 25.43% Added +8.1k +8,095
34 APPLETON PARTNERS INC/MA 3.75% of their portfolio BOSTON, MA 429,458429.5k $56.0m $56.0m 3.75% Added +124 +124
35 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 405,974406.0k $52.9m $52.9m 0.06% Added +16.8k +16,774
36 DROMS STRAUSS ADVISORS INC /MO/ /ADV 14.35% of their portfolio ST. LOUIS, MO 380,006380.0k $49.5m $49.5m 14.35% Reduced -18.3k -18,345
37 KINTRA WEALTH, LLC 27.34% of their portfolio WILLIAMSPORT, PA 372,218372.2k $48.5m $48.5m 27.34% Reduced -4.4k -4,396
38 Steward Partners Investment Advisory, LLC 0.26% of their portfolio STAMFORD, CT 353,930353.9k $46.1m $46.1m 0.26% Reduced -2.0k -2,014
39 IAG Wealth Partners, LLC 5.32% of their portfolio WAUKESHA, WI 339,916339.9k $44.3m $44.3m 5.32% Reduced -20.9k -20,884
40 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 6.12% of their portfolio PITTSBURGH, PA 338,108338.1k $44.1m $44.1m 6.12% Reduced -2.1k -2,074
41 Dynamic Advisor Solutions LLC 1.23% of their portfolio PHOENIX, AZ 325,247325.2k $42.4m $42.4m 1.23% Added +3.3k +3,305
42 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 322,392322.4k $42.0m $42.0m 0.10% Added +27.9k +27,898
43 LexAurum Advisors, LLC 5.92% of their portfolio OVERLAND PARK, KS 320,264320.3k $41.7m $41.7m 5.92% Added +21.3k +21,286
44 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 290,746290.7k $37.9m $37.9m 0.06% Added +21.1k +21,106
45 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 268,803268.8k $34.5m $34.5m 0.05% Reduced -2.3k -2,257
46 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 268,431268.4k $35.0m $35.0m 0.02% Added +17.9k +17,917
47 AXXCESS WEALTH MANAGEMENT, LLC 0.74% of their portfolio CARLSBAD, CA 266,949266.9k $34.8m $34.8m 0.74% Added +12.2k +12,203
48 PRINCIPAL SECURITIES, INC. 0.54% of their portfolio DES MOINES, IA 251,884251.9k $32.8m $32.8m 0.54% Added +9.6k +9,620
49 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 242,635242.6k $31.3m $31.3m 0.04% Added +38.2k +38,239
50 Leo Wealth, LLC 4.09% of their portfolio HURST, TX 242,356242.4k $31.6m $31.6m 4.09% Reduced -197.6k -197,603
51 Kelman-Lazarov, Inc. 4.41% of their portfolio MEMPHIS, TN 228,139228.1k $29.7m $29.7m 4.41% Reduced -5.2k -5,225
52 Cornerstone Advisory, LLC 2.89% of their portfolio HUNT VALLEY, MD 225,939225.9k $29.4m $29.4m 2.89% Reduced -2.5k -2,535
53 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 220,418220.4k $28.7m $28.7m 0.06% Added +6.0k +6,018
54 1900 WEALTH MANAGEMENT LLC 1.85% of their portfolio SAN ANTONIO, TX 209,874209.9k $27.3m $27.3m 1.85% Reduced -2.8k -2,834
55 &PARTNERS 0.17% of their portfolio NASHVILLE, TN 202,184202.2k $26.3m $26.3m 0.17% Reduced -5.3k -5,271
56 Retirement Planning Group, LLC 0.83% of their portfolio LEAWOOD, KS 184,581184.6k $24.0m $24.0m 0.83% Reduced -71.7k -71,716
57 VAUGHAN & Co SECURITIES, INC. 12.62% of their portfolio Ridgewood, NJ 182,337182.3k $23.8m $23.8m 12.62% Added +1.8k +1,814
58 Centurion Wealth Management LLC 5.41% of their portfolio Mclean, VA 181,977182.0k $23.7m $23.7m 5.41% Added +2.5k +2,458
59 Gladstone Institutional Advisory LLC 0.90% of their portfolio Bedminster, NJ 180,081180.1k $23.5m $23.5m 0.90% Reduced -1.4k -1,367
60 GFG Capital, LLC 7.78% of their portfolio MIAMI, FL 172,846172.8k $22.5m $22.5m 7.78% Reduced -4.3k -4,273
61 MAI Capital Management 0.14% of their portfolio INDEPENDENCE, OH 169,025169.0k $22.0m $22.0m 0.14% Added +2.1k +2,148
62 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 166,524166.5k $24.2m $24.2m 0.04% Added +7.7k +7,676
63 NorthStar Asset Management LLC /NJ/ 10.23% of their portfolio BERKELEY HEIGHTS, NJ 163,902163.9k $21.4m $21.4m 10.23% Added +3.3k +3,337
64 ACIMA PRIVATE WEALTH, LLC 6.66% of their portfolio RICHMOND, VA 163,288163.3k $21.3m $21.3m 6.66% Reduced -4.4k -4,409
65 Kings Path Partners LLC 7.67% of their portfolio SUGAR LAND, TX 159,799159.8k $20.8m $20.8m 7.67% Added +5.8k +5,789
66 Private Advisor Group, LLC 0.10% of their portfolio MORRISTOWN, NJ 157,609157.6k $20.5m $20.5m 0.10% Reduced -10.5k -10,484
67 Allworth Financial LP 0.09% of their portfolio FOLSOM, CA 147,548147.5k $19.2m $19.2m 0.09% Reduced -3.9k -3,877
68 ARVEST INVESTMENTS, INC. 2.68% of their portfolio LOWELL, AR 143,648143.6k $18.7m $18.7m 2.68% Reduced -1.6k -1,632
69 Gratus Wealth Advisors, LLC 2.59% of their portfolio VIRGINIA BEACH, VA 141,244141.2k $18.4m $18.4m 2.59% Added +4.2k +4,156
70 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 139,760139.8k $18.2m $18.2m 0.03% Reduced -13.3k -13,280
71 Paul R. Ried Financial Group, LLC 9.20% of their portfolio BELLEVUE, WA 139,572139.6k $18.2m $18.2m 9.20% Added +5.5k +5,547
72 AlphaCore Capital LLC 0.61% of their portfolio LA JOLLA, CA 138,826138.8k $18.1m $18.1m 0.61% Reduced -1.4k -1,426
73 Lido Advisors, LLC 0.07% of their portfolio Los Angeles, CA 138,801138.8k $18.1m $18.1m 0.07% Reduced -6.4k -6,363
74 Horizon Family Wealth, Inc. 10.34% of their portfolio CHICAGO, IL 138,118138.1k $18.0m $18.0m 10.34% Reduced -6.2k -6,177
75 Silicon Valley Capital Partners 1.67% of their portfolio SAN JOSE, CA 135,842135.8k $17.7m $17.7m 1.67% Added +1.1k +1,051
76 Inscription Capital, LLC 1.88% of their portfolio HOUSTON, TX 134,000134.0k $17.5m $17.5m 1.88% Added +5.6k +5,611
77 LINCOLN CAPITAL CORP 6.01% of their portfolio EAST GREENWICH, RI 128,240128.2k $16.7m $16.7m 6.01% Reduced -2.2k -2,213
78 Mariner, LLC 0.02% of their portfolio Overland Park, KS 127,049127.0k $16.6m $16.6m 0.02% Reduced -1.5k -1,500
79 RFG Advisory, LLC 0.33% of their portfolio BIRMINGHAM, AL 124,075124.1k $16.2m $16.2m 0.33% Added +8.2k +8,220
80 GeoWealth Management, LLC 0.58% of their portfolio CHICAGO, IL 121,775121.8k $15.9m $15.9m 0.58% Reduced -21.9k -21,937
81 Nabity-Jensen Investment Management Inc 10.89% of their portfolio OMAHA, NE 120,537120.5k $15.7m $15.7m 10.89% Reduced -2.4k -2,364
82 Worth Financial Advisory Group, LLC 8.62% of their portfolio CHARLOTTE, NC 117,925117.9k $15.4m $15.4m 8.62% Added +1.4k +1,448
83 CoreCap Advisors, LLC 0.55% of their portfolio SOUTHFIELD, MI 117,078117.1k $15.3m $15.3m 0.55% Added +3.6k +3,574
84 Envestnet Portfolio Solutions, Inc. 0.06% of their portfolio BERWYN, PA 115,711115.7k $15.1m $15.1m 0.06% Added +10.4k +10,418
85 Canvas Wealth Advisors, LLC 2.62% of their portfolio SHAWNEE, KS 110,314110.3k $14.4m $14.4m 2.62% Added +3.0k +2,989
86 NOVARE CAPITAL MANAGEMENT LLC 1.06% of their portfolio CHARLOTTE, NC 106,561106.6k $13.9m $13.9m 1.06% Reduced -866 -866
87 XML Financial, LLC 1.10% of their portfolio BETHESDA, MD 104,050104.0k $13.6m $13.6m 1.10% Reduced -1.0k -1,039
88 Ledyard National Bank 1.20% of their portfolio HANOVER, NH 103,243103.2k $13.5m $13.5m 1.20% Reduced -1.7k -1,702
89 Regal Investment Advisors LLC 0.85% of their portfolio KENTWOOD, MI 99,965100.0k $13.0m $13.0m 0.85% Reduced -3.6k -3,630
90 Strategic Financial Services, Inc. 0.65% of their portfolio UTICA, NY 98,74098.7k $12.9m $12.9m 0.65% Reduced -5.0k -5,028
91 COZAD ASSET MANAGEMENT INC 1.02% of their portfolio CHAMPAIGN, IL 98,01498.0k $12.8m $12.8m 1.02% Added +1.2k +1,158
92 Family Manage LLC 1.76% of their portfolio NEW YORK, NY 97,23697.2k $12.7m $12.7m 1.76% Added +329 +329
93 Capital Advisors, Ltd. LLC 1.40% of their portfolio SHAKER HEIGHTS, OH 94,99395.0k $12.4m $12.4m 1.40% Added +338 +338
94 Hixon Zuercher, LLC 3.67% of their portfolio Findlay, OH 92,54392.5k $12.1m $12.1m 3.67% Added +7.5k +7,504
95 FMR LLC 0.00% of their portfolio BOSTON, MA 91,86191.9k $12.0m $12.0m 0.00% Added +5.8k +5,798
96 COMERICA BANK 0.04% of their portfolio DALLAS, TX 89,89389.9k $11.7m $11.7m 0.04% Added +12 +12
97 Nikulski Financial, Inc. 2.76% of their portfolio BETTENDORF, IA 84,41084.4k $11.0m $11.0m 2.76% Reduced -767 -767
98 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 84,28484.3k $11.0m $11.0m 0.03% Added +19.9k +19,857
99 Randall & Associates Wealth Management 7.86% of their portfolio BUTLER, PA 83,05883.1k $10.8m $10.8m 7.86% Added +5.0k +5,035
100 Sowell Financial Services LLC 0.41% of their portfolio NORTH LITTLE ROCK, AR 82,44982.4k $10.7m $10.7m 0.41% Added +335 +335