GOLDMAN SACHS ETF TR GCAL
DYNAMIC CAL MUNI · ETP · CUSIP 38149W564
29
institutional holders
+5 vs Q4 2025
3.0m
shares reported held*
$154.2mreported value*
8 new
14 added
4 reduced
3 sold out
net bought ≈ $27.7m (+546.9k 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. Holder counts are more reliable. Implied quarter-end price ≈ $50.67. Options: 0 managers hold calls (— notional), 1 hold puts ($1.3m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 4 |
| Q4 2024 | 7 |
| Q1 2025 | 8 |
| Q2 2025 | 11 |
| Q3 2025 | 17 |
| Q4 2025 | 24 |
| Q1 2026 | 29 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2024 | 3 | 2 |
| Q1 2025 | 4 | 2 |
| Q2 2025 | 8 | 4 |
| Q3 2025 | 14 | 4 |
| Q4 2025 | 17 | 3 |
| Q1 2026 | 22 | 7 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $1.3m | — |
Biggest buyers
| Composition Wealth, LLC | Added | +236.3k |
| Elequin Capital, LP | New | +160.6k |
| MIRAE ASSET SECURITIES (USA) INC. | New | +75.0k |
| FLOW TRADERS U.S. LLC | Added | +42.4k |
| FIRST AMERICAN TRUST, FSB | Added | +27.0k |
| Perigon Wealth Management, LLC | Added | +21.4k |
| Cerity Partners LLC | Added | +18.1k |
| Weaver Consulting Group | Added | +15.5k |
| RVW Wealth, LLC | New | +13.4k |
| Sanctuary Advisors, LLC | New | +8.7k |
Biggest sellers
| Curated Wealth Partners LLC | Reduced | -73.5k |
| Ducere Wealth Management LLC | Reduced | -8.8k |
| Magnus Financial Group LLC | Reduced | -8.4k |
| JANE STREET GROUP, LLC | Sold out | -6.9k |
| Blue Zone Wealth Advisors, LLC | Sold out | -5.5k |
| JPMORGAN CHASE & CO | Sold out | -573 |
| DEBUSSY CAPITAL MANAGEMENT LP | Reduced | -338 |
Biggest calls
| None |
Biggest puts
| MIRAE ASSET SECURITIES (USA) INC. | New | $1.3m25.0k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Composition Wealth, LLC 1.30% of their portfolio | 1.9m $94.5m | Added +236.3k |
| Cerity Partners LLC 0.02% of their portfolio | 230.9k $11.7m | Added +18.1k |
| Elequin Capital, LP 0.75% of their portfolio | 160.6k $8.2m | New |
| FIRST AMERICAN TRUST, FSB 0.46% of their portfolio | 133.9k $6.8m | Added +27.0k |
| Ducere Wealth Management LLC 2.52% of their portfolio | 125.1k $6.3m | Reduced -8.8k |
| FLOW TRADERS U.S. LLC 0.14% of their portfolio | 87.7k $4.4m | Added +42.4k |
| MIRAE ASSET SECURITIES (USA) INC. 0.18% of their portfolio | 75.0k $3.8m | New |
| Curated Wealth Partners LLC 0.44% of their portfolio | 69.3k $3.5m | Reduced -73.5k |
| Perigon Wealth Management, LLC 0.05% of their portfolio | 51.9k $2.6m | Added +21.4k |
| Weaver Consulting Group 0.53% of their portfolio | 43.7k $2.2m | Added +15.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 37.0k $1.9m | Added +7.5k |
| FINANCIAL MANAGEMENT NETWORK INC 0.23% of their portfolio | 29.9k $1.5m | Added +1.6k |
| HighTower Advisors, LLC 0.00% of their portfolio | 24.9k $1.3m | Added +397 |
| Planned Solutions, Inc. 0.36% of their portfolio | 21.8k $1.1m | Added +6.2k |
| RVW Wealth, LLC 0.05% of their portfolio | 13.4k $679.6k | New |
| DEBUSSY CAPITAL MANAGEMENT LP 0.07% of their portfolio | 10.5k $534.0k | Reduced -338 |
| Robertson Stephens Wealth Management, LLC 0.01% of their portfolio | 9.1k $462.6k | Unchanged |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 8.7k $443.1k | New |
| Magnus Financial Group LLC 0.03% of their portfolio | 8.3k $421.2k | Reduced -8.4k |
| Contango Wealth Management LLC 0.45% of their portfolio | 7.6k $383.4k | Added +1.5k |
| Mariner, LLC 0.00% of their portfolio | 6.0k $303.2k | Added +1.1k |
| WOLFF WIESE MAGANA LLC 0.16% of their portfolio | 5.9k $298.9k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 5.8k $292.5k | New |
| SAGE RHINO CAPITAL LLC 0.04% of their portfolio | 4.5k $229.4k | New |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 1.9k $98.6k | New |
| MORGAN STANLEY 0.00% of their portfolio | 1.7k $84.9k | Added +1.7k |
| RICHARDS, MERRILL & PETERSON, INC. 0.03% of their portfolio | 1.5k $76.0k | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 331 $16.8k | Added +47 |
| GGM Financial LLC 0.01% of their portfolio | 258 $13.1k | New |