Vault-13

GOLDMAN SACHS ETF TR GSLC

ACTIVEBETA US LG · ETP · CUSIP 381430503

614 institutional holders +53 vs Q3 2025
99,392,28299.4m shares reported held*
$13.2bnreported value*
63 new 173 added 216 reduced 28 sold out net bought ≈ $47.5m (+358.9k 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 ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $132.38. Options: 2 managers hold calls ($754.5k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 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: 561Q4 25: 614614Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025614

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 212 bought or addedQ1 24: 195 cut or sold outQ2 24: 183 bought or addedQ2 24: 220 cut or sold outQ2 24Q3 24: 205 bought or addedQ3 24: 211 cut or sold outQ4 24: 211 bought or addedQ4 24: 204 cut or sold outQ4 24Q1 25: 216 bought or addedQ1 25: 234 cut or sold outQ2 25: 238 bought or addedQ2 25: 207 cut or sold outQ2 25Q3 25: 238 bought or addedQ3 25: 210 cut or sold outQ4 25: 236 bought or addedQ4 25: 244 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024212195
Q2 2024183220
Q3 2024205211
Q4 2024211204
Q1 2025216234
Q2 2025238207
Q3 2025238210
Q4 2025236244

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ1 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 0.05Q4 25 calls: $754.5kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$9.4m$44.0k0.00
Q2 2025$704.0k$00.00
Q3 2025$1.1m$52.1k0.05
Q4 2025$754.5k$00.00

Biggest buyers

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Added +899,397+899.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +277,601+277.6k
Corient Private Wealth LP Added +261,811+261.8k
Leo Wealth, LLC Added +216,826+216.8k
RFG Advisory, LLC Added +173,412+173.4k
WELLS FARGO & COMPANY/MN Added +172,810+172.8k
Betterment LLC Added +157,867+157.9k
LPL Financial LLC Added +95,530+95.5k
GOLDMAN SACHS GROUP INC Added +72,781+72.8k
HB Wealth Management, LLC Added +63,220+63.2k

Biggest sellers

Sanctuary Advisors, LLC Reduced -1,183,762-1.2m
JPMORGAN CHASE & CO Reduced -308,877-308.9k
MORGAN STANLEY Reduced -277,454-277.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -72,921-72.9k
Consolidated Portfolio Review Corp Sold out -66,187-66.2k
Gilbert Capital Group, Inc. Reduced -40,775-40.8k
Crossmark Global Holdings, Inc. Sold out -39,100-39.1k
ROYAL BANK OF CANADA Reduced -33,615-33.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -31,835-31.8k
KINTRA WEALTH, LLC Reduced -31,789-31.8k

Biggest calls

JANE STREET GROUP, LLC Reduced $410.3k3.1k shares
CITADEL ADVISORS LLC Reduced $344.2k2.6k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLS FARGO & COMPANY/MN 0.73% of their portfolio SAN FRANCISCO, CA 28,018,72328.0m $3.7bn $3.7bn 0.73% Added +172.8k +172,810
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.59% of their portfolio MILWAUKEE, WI 7,077,7597.1m $936.9m $936.9m 0.59% Added +277.6k +277,601
3 Betterment LLC 1.51% of their portfolio NEW YORK, NY 6,005,7166.0m $795.0m $795.0m 1.51% Added +157.9k +157,867
4 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 5,577,9595.6m $738.4m $738.4m 0.04% Reduced -277.5k -277,454
5 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 14.19% of their portfolio LOS ANGELES, CA 5,324,4525.3m $704.8m $704.8m 14.19% Added +899.4k +899,397
6 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 3,163,8443.2m $418.8m $418.8m 0.11% Added +95.5k +95,530
7 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 2,975,4063.0m $393.9m $393.9m 0.03% Reduced -17.9k -17,946
8 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 2,508,9652.5m $332.1m $332.1m 0.05% Added +72.8k +72,781
9 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 2,438,9082.4m $322.8m $322.8m 0.10% Reduced -72.9k -72,921
10 RiverFront Investment Group, LLC 4.09% of their portfolio RICHMOND, VA 1,873,0381.9m $247.9m $247.9m 4.09% Added +25.6k +25,635
11 SigFig Wealth Management, LLC 6.87% of their portfolio SAN FRANCISCO, CA 1,741,3441.7m $230.5m $230.5m 6.87% Added +20.6k +20,554
12 HB Wealth Management, LLC 1.04% of their portfolio Atlanta, GA 1,211,2571.2m $160.3m $160.3m 1.04% Added +63.2k +63,220
13 Glenview Trust Co 2.37% of their portfolio Louisville, KY 1,160,5281.2m $153.6m $153.6m 2.37% Reduced -10.8k -10,760
14 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 1,150,8861.2m $152.3m $152.3m 0.05% Added +10.5k +10,549
15 Cetera Investment Advisers 0.15% of their portfolio SCHAUMBURG, IL 1,002,4341.0m $132.7m $132.7m 0.15% Added +18.6k +18,563
16 Financial Management Professionals, Inc. 11.34% of their portfolio AUSTIN, TX 830,563830.6k $109.9m $109.9m 11.34% Reduced -30.6k -30,588
17 SFMG, LLC 7.36% of their portfolio PLANO, TX 829,135829.1k $109.8m $109.8m 7.36% Added +11.5k +11,475
18 High Probability Advisors, LLC 14.31% of their portfolio Pittsford, NY 810,913810.9k $107.3m $107.3m 14.31% Reduced -49 -49
19 Goldstein Advisors, LLC 10.18% of their portfolio Madison, WI 675,305675.3k $89.4m $89.4m 10.18% Added +15.9k +15,949
20 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 667,692667.7k $88.4m $88.4m 0.02% Reduced -33.6k -33,615
21 SkyView Investment Advisors, LLC 10.89% of their portfolio SHREWSBURY, NJ 652,451652.5k $86.3m $86.3m 10.89% Reduced -25.5k -25,474
22 OneDigital Investment Advisors LLC 0.84% of their portfolio OVERLAND PARK, KS 650,625650.6k $86.1m $86.1m 0.84% Reduced -26.2k -26,207
23 Riverpoint Wealth Management Holdings, LLC 18.25% of their portfolio CHICAGO, IL 642,062642.1k $85.0m $85.0m 18.25% Reduced -5.2k -5,230
24 UBS Group AG 0.02% of their portfolio ZURICH, V8 578,476578.5k $76.6m $76.6m 0.02% Reduced -5.4k -5,407
25 Lifelong Wealth Advisors, Inc. 19.04% of their portfolio Arden Hills, MN 540,576540.6k $71.6m $71.6m 19.04% Reduced -4.2k -4,226
26 Hennion & Walsh Asset Management, Inc. 2.43% of their portfolio Parsippany, NJ 532,053532.1k $70.4m $70.4m 2.43% Added +8.4k +8,351
27 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 530,614530.6k $70.2m $70.2m 0.05% Added +261.8k +261,811
28 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 500,324500.3k $67.2m $67.2m 0.09% Reduced -4.1k -4,113
29 Penney Financial, LLC 24.14% of their portfolio HOUSTON, TX 472,644472.6k $62.6m $62.6m 24.14% Added +36.7k +36,749
30 FIRST FOUNDATION ADVISORS 2.33% of their portfolio Irvine, CA 467,341467.3k $61.9m $61.9m 2.33% Reduced -17.7k -17,681
31 Leo Wealth, LLC 4.41% of their portfolio HURST, TX 459,182459.2k $60.8m $60.8m 4.41% Added +216.8k +216,826
32 Orion Porfolio Solutions, LLC 0.42% of their portfolio OMAHA, NE 434,751434.8k $57.5m $57.5m 0.42% Reduced -12.3k -12,313
33 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 434,589434.6k $57.5m $57.5m 0.08% Reduced -31.8k -31,835
34 APPLETON PARTNERS INC/MA 3.69% of their portfolio BOSTON, MA 423,087423.1k $56.0m $56.0m 3.69% Reduced -6.4k -6,371
35 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 413,513413.5k $54.7m $54.7m 0.06% Added +7.5k +7,539
36 DROMS STRAUSS ADVISORS INC /MO/ /ADV 13.20% of their portfolio ST. LOUIS, MO 378,951379.0k $50.2m $50.2m 13.20% Reduced -1.1k -1,055
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 362,065362.1k $47.9m $47.9m 0.00% Reduced -308.9k -308,877
38 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 6.31% of their portfolio PITTSBURGH, PA 356,362356.4k $47.2m $47.2m 6.31% Added +18.3k +18,254
39 Steward Partners Investment Advisory, LLC 0.25% of their portfolio STAMFORD, CT 347,021347.0k $45.9m $45.9m 0.25% Reduced -6.9k -6,909
40 Baird Financial Group, Inc. 0.07% of their portfolio MILWAUKEE, WI 344,376344.4k $45.6m $45.6m 0.07% Added +53.6k +53,630
41 KINTRA WEALTH, LLC 6.29% of their portfolio WILLIAMSPORT, PA 340,429340.4k $45.1m $45.1m 6.29% Reduced -31.8k -31,789
42 IAG Wealth Partners, LLC 5.03% of their portfolio WAUKESHA, WI 327,865327.9k $43.4m $43.4m 5.03% Reduced -12.1k -12,051
43 Dynamic Advisor Solutions LLC 1.37% of their portfolio PHOENIX, AZ 322,642322.6k $42.7m $42.7m 1.37% Reduced -2.6k -2,605
44 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 322,214322.2k $42.7m $42.7m 0.10% Reduced -178 -178
45 RFG Advisory, LLC 0.74% of their portfolio BIRMINGHAM, AL 297,487297.5k $39.4m $39.4m 0.74% Added +173.4k +173,412
46 AXXCESS WEALTH MANAGEMENT, LLC 0.65% of their portfolio CARLSBAD, CA 274,189274.2k $36.3m $36.3m 0.65% Added +7.2k +7,240
47 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 269,341269.3k $35.7m $35.7m 0.02% Added +910 +910
48 PRINCIPAL SECURITIES, INC. 0.52% of their portfolio DES MOINES, IA 255,255255.3k $33.8m $33.8m 0.52% Added +3.4k +3,371
49 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 245,785245.8k $32.6m $32.6m 0.05% Added +3.1k +3,150
50 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 225,197225.2k $29.8m $29.8m 0.06% Added +4.8k +4,779
51 Cornerstone Advisory, LLC 2.81% of their portfolio HUNT VALLEY, MD 223,014223.0k $29.5m $29.5m 2.81% Reduced -2.9k -2,925
52 Sanctuary Advisors, LLC 0.16% of their portfolio INDIANAPOLIS, IN 217,959218.0k $28.9m $28.9m 0.16% Reduced -1.2m -1,183,762
53 Kelman-Lazarov, Inc. 4.03% of their portfolio MEMPHIS, TN 213,417213.4k $28.3m $28.3m 4.03% Reduced -14.7k -14,722
54 1900 WEALTH MANAGEMENT LLC 1.73% of their portfolio SAN ANTONIO, TX 204,088204.1k $27.0m $27.0m 1.73% Reduced -5.8k -5,786
55 &PARTNERS 0.14% of their portfolio NASHVILLE, TN 200,233200.2k $26.5m $26.5m 0.14% Reduced -2.0k -1,951
56 VAUGHAN & Co SECURITIES, INC. 12.77% of their portfolio Ridgewood, NJ 186,550186.6k $24.7m $24.7m 12.77% Added +4.2k +4,213
57 Targeted Financial Services LLC 21.10% of their portfolio SEMINOLE, FL 184,990185.0k $24.5m $24.5m 21.10% First filing
58 Centurion Wealth Management LLC 5.34% of their portfolio Mclean, VA 183,547183.5k $24.3m $24.3m 5.34% Added +1.6k +1,570
59 Gladstone Institutional Advisory LLC 0.90% of their portfolio Bedminster, NJ 179,452179.5k $23.8m $23.8m 0.90% Reduced -629 -629
60 Retirement Planning Group, LLC 0.77% of their portfolio LEAWOOD, KS 176,631176.6k $23.4m $23.4m 0.77% Reduced -8.0k -7,950
61 GFG Capital, LLC 8.04% of their portfolio MIAMI, FL 170,435170.4k $22.6m $22.6m 8.04% Reduced -2.4k -2,411
62 NorthStar Asset Management LLC /NJ/ 10.09% of their portfolio BERKELEY HEIGHTS, NJ 169,467169.5k $22.4m $22.4m 10.09% Added +5.6k +5,565
63 MAI Capital Management 0.13% of their portfolio INDEPENDENCE, OH 168,309168.3k $22.3m $22.3m 0.13% Reduced -716 -716
64 Kings Path Partners LLC 7.56% of their portfolio SUGAR LAND, TX 163,050163.1k $21.6m $21.6m 7.56% Added +3.3k +3,251
65 Private Advisor Group, LLC 0.10% of their portfolio MORRISTOWN, NJ 157,008157.0k $20.8m $20.8m 0.10% Reduced -601 -601
66 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 147,334147.3k $19.5m $19.5m 0.02% Reduced -19.2k -19,190
67 Allworth Financial LP 0.08% of their portfolio FOLSOM, CA 147,147147.1k $19.5m $19.5m 0.08% Reduced -401 -401
68 ARVEST INVESTMENTS, INC. 2.68% of their portfolio LOWELL, AR 144,073144.1k $19.1m $19.1m 2.68% Added +425 +425
69 Gratus Wealth Advisors, LLC 2.61% of their portfolio VIRGINIA BEACH, VA 142,304142.3k $18.8m $18.8m 2.61% Added +1.1k +1,060
70 Inscription Capital, LLC 1.92% of their portfolio HOUSTON, TX 140,933140.9k $18.7m $18.7m 1.92% Added +6.9k +6,933
71 Envestnet Portfolio Solutions, Inc. 0.07% of their portfolio BERWYN, PA 140,700140.7k $18.6m $18.6m 0.07% Added +25.0k +24,989
72 Paul R. Ried Financial Group, LLC 8.78% of their portfolio BELLEVUE, WA 140,402140.4k $18.6m $18.6m 8.78% Added +830 +830
73 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 140,175140.2k $18.6m $18.6m 0.03% Added +415 +415
74 ACIMA PRIVATE WEALTH, LLC 5.71% of their portfolio RICHMOND, VA 139,061139.1k $18.4m $18.4m 5.71% Reduced -24.2k -24,227
75 Lido Advisors, LLC 0.07% of their portfolio Los Angeles, CA 138,528138.5k $18.1m $18.1m 0.07% Reduced -273 -273
76 Silicon Valley Capital Partners 1.63% of their portfolio SAN JOSE, CA 135,408135.4k $17.9m $17.9m 1.63% Reduced -434 -434
77 Horizon Family Wealth, Inc. 9.52% of their portfolio CHICAGO, IL 135,073135.1k $17.9m $17.9m 9.52% Reduced -3.0k -3,045
78 GeoWealth Management, LLC 0.65% of their portfolio CHICAGO, IL 132,840132.8k $17.6m $17.6m 0.65% Added +11.1k +11,065
79 AlphaCore Capital LLC 0.37% of their portfolio LA JOLLA, CA 123,069123.1k $16.3m $16.3m 0.37% Reduced -15.8k -15,757
80 Mariner, LLC 0.02% of their portfolio Overland Park, KS 123,056123.1k $16.3m $16.3m 0.02% Reduced -4.0k -3,993
81 CoreCap Advisors, LLC 0.57% of their portfolio SOUTHFIELD, MI 122,441122.4k $16.2m $16.2m 0.57% Added +5.4k +5,363
82 LINCOLN CAPITAL CORP 5.70% of their portfolio EAST GREENWICH, RI 121,238121.2k $16.0m $16.0m 5.70% Reduced -7.0k -7,002
83 Nabity-Jensen Investment Management Inc 10.62% of their portfolio OMAHA, NE 118,513118.5k $15.7m $15.7m 10.62% Reduced -2.0k -2,024
84 Worth Financial Advisory Group, LLC 7.59% of their portfolio CHARLOTTE, NC 118,320118.3k $15.7m $15.7m 7.59% Added +395 +395
85 Canvas Wealth Advisors, LLC 2.53% of their portfolio SHAWNEE, KS 112,536112.5k $14.9m $14.9m 2.53% Added +2.2k +2,222
86 NOVARE CAPITAL MANAGEMENT LLC 1.07% of their portfolio CHARLOTTE, NC 108,338108.3k $14.3m $14.3m 1.07% Added +1.8k +1,777
87 Ledyard National Bank 1.16% of their portfolio HANOVER, NH 101,781101.8k $13.5m $13.5m 1.16% Reduced -1.5k -1,462
88 FMR LLC 0.00% of their portfolio BOSTON, MA 98,37998.4k $13.0m $13.0m 0.00% Added +6.5k +6,518
89 XML Financial, LLC 1.06% of their portfolio BETHESDA, MD 98,12198.1k $13.0m $13.0m 1.06% Reduced -5.9k -5,929
90 Strategic Financial Services, Inc. 0.60% of their portfolio UTICA, NY 96,90796.9k $12.9m $12.9m 0.60% Reduced -1.8k -1,833
91 Family Manage LLC 1.62% of their portfolio NEW YORK, NY 96,66796.7k $12.8m $12.8m 1.62% Reduced -569 -569
92 Regal Investment Advisors LLC 0.76% of their portfolio KENTWOOD, MI 95,43495.4k $12.6m $12.6m 0.76% Reduced -4.5k -4,531
93 Capital Advisors, Ltd. LLC 1.40% of their portfolio SHAKER HEIGHTS, OH 93,59693.6k $12.4m $12.4m 1.40% Reduced -1.4k -1,397
94 Hixon Zuercher, LLC 3.73% of their portfolio Findlay, OH 92,94192.9k $12.3m $12.3m 3.73% Added +398 +398
95 COZAD ASSET MANAGEMENT INC 0.94% of their portfolio CHAMPAIGN, IL 91,97092.0k $12.2m $12.2m 0.94% Reduced -6.0k -6,044
96 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 85,10885.1k $11.3m $11.3m 0.02% Added +5.9k +5,941
97 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 82,29982.3k $10.9m $10.9m 0.01% Added +460 +460
98 Nicholson Meyer Capital Management, Inc. 8.16% of their portfolio Kansas City, MO 81,48781.5k $10.8m $10.8m 8.16% Added +755 +755
99 Randall & Associates Wealth Management 7.46% of their portfolio BUTLER, PA 81,29781.3k $10.8m $10.8m 7.46% Reduced -1.8k -1,761
100 Sowell Financial Services LLC 0.39% of their portfolio NORTH LITTLE ROCK, AR 79,87779.9k $10.6m $10.6m 0.39% Reduced -2.6k -2,572