Vault-13

GOLDMAN SACHS ETF TR GCAL

DYNAMIC CAL MUNI · ETP · CUSIP 38149W564

24 institutional holders +7 vs Q3 2025
2,496,5822.5m shares reported held*
$127.1mreported value*
5 new 12 added 3 reduced 0 sold out net bought ≈ $8.5m (+166.7k 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. Holder counts are more reliable. Implied quarter-end price ≈ $50.91.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 24: 4Q4 24: 7Q1 25: 8Q2 25: 11Q3 25: 17Q4 25: 2424Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 20244
Q4 20247
Q1 20258
Q2 202511
Q3 202517
Q4 202524

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 24: 3 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 2 cut or sold outQ1 25Q2 25: 8 bought or addedQ2 25: 4 cut or sold outQ2 25Q3 25: 14 bought or addedQ3 25: 4 cut or sold outQ3 25Q4 25: 17 bought or addedQ4 25: 3 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q4 202432
Q1 202542
Q2 202584
Q3 2025144
Q4 2025173

Biggest buyers

Curated Wealth Partners LLC Added +100,023+100.0k
FIRST AMERICAN TRUST, FSB Added +55,659+55.7k
Cerity Partners LLC Added +42,561+42.6k
Composition Wealth, LLC Added +23,810+23.8k
HighTower Advisors, LLC Added +20,008+20.0k
Magnus Financial Group LLC Added +12,206+12.2k
DEBUSSY CAPITAL MANAGEMENT LP New +10,879+10.9k
GOLDMAN SACHS GROUP INC Added +9,516+9.5k
Robertson Stephens Wealth Management, LLC New +9,132+9.1k
Perigon Wealth Management, LLC Added +8,826+8.8k

Biggest sellers

FLOW TRADERS U.S. LLC Reduced -71,725-71.7k
JPMORGAN CHASE & CO Reduced -71,291-71.3k
JANE STREET GROUP, LLC Reduced -11,045-11.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Composition Wealth, LLC 1.19% of their portfolio LOS ANGELES, CA 1,629,9611.6m $83.0m $83.0m 1.19% Added +23.8k +23,810
2 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 212,866212.9k $10.8m $10.8m 0.02% Added +42.6k +42,561
3 Curated Wealth Partners LLC 0.79% of their portfolio EL SEGUNDO, CA 142,768142.8k $7.3m $7.3m 0.79% Added +100.0k +100,023
4 Ducere Wealth Management LLC 2.63% of their portfolio NEWPORT BEACH, CA 133,839133.8k $6.8m $6.8m 2.63% First filing
5 FIRST AMERICAN TRUST, FSB 0.37% of their portfolio SANTA ANA, CA 106,883106.9k $5.4m $5.4m 0.37% Added +55.7k +55,659
6 FLOW TRADERS U.S. LLC 0.08% of their portfolio NEW YORK, NY 45,22345.2k $2.3m $2.3m 0.08% Reduced -71.7k -71,725
7 Perigon Wealth Management, LLC 0.03% of their portfolio SAN FRANCISCO, CA 30,53630.5k $1.6m $1.6m 0.03% Added +8.8k +8,826
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 29,55829.6k $1.5m $1.5m 0.00% Added +9.5k +9,516
9 FINANCIAL MANAGEMENT NETWORK INC 0.23% of their portfolio MISSION VIEJO, CA 28,27928.3k $1.4m $1.4m 0.23% Added +4.2k +4,243
10 Weaver Consulting Group 0.35% of their portfolio HUNTINGTON BEACH, CA 28,22828.2k $1.4m $1.4m 0.35% Added +8.0k +8,034
11 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 24,47024.5k $1.2m $1.2m 0.00% Added +20.0k +20,008
12 Magnus Financial Group LLC 0.07% of their portfolio NEW YORK, NY 16,70716.7k $850.5k $850.5k 0.07% Added +12.2k +12,206
13 Planned Solutions, Inc. 0.26% of their portfolio FOLSOM, CA 15,62415.6k $795.3k $795.3k 0.26% Added +4.4k +4,418
14 DEBUSSY CAPITAL MANAGEMENT LP 0.08% of their portfolio CHICAGO, IL 10,87910.9k $553.8k $553.8k 0.08% New
15 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 9,1329.1k $466.3k $466.3k 0.01% New
16 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 6,8886.9k $350.6k $350.6k 0.00% Reduced -11.0k -11,045
17 Contango Wealth Management LLC 0.34% of their portfolio OAKLAND, CA 6,0546.1k $308.2k $308.2k 0.34% First filing
18 WOLFF WIESE MAGANA LLC 0.16% of their portfolio CARSLBAD, CA 5,9005.9k $300.3k $300.3k 0.16% New
19 Blue Zone Wealth Advisors, LLC 0.05% of their portfolio LOS ANGELES, CA 5,4985.5k $279.9k $279.9k 0.05% New
20 Mariner, LLC 0.00% of their portfolio Overland Park, KS 4,9254.9k $250.7k $250.7k 0.00% Unchanged
21 RICHARDS, MERRILL & PETERSON, INC. 0.03% of their portfolio SPOKANE, WA 1,5001.5k $76.4k $76.4k 0.03% Unchanged
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 573573 $29.2k $29.2k 0.00% Reduced -71.3k -71,291
23 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 284284 $14.5k $14.5k 0.00% Added +79 +79
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 77 $356 $356 0.00% New