Vault-13

GOLDMAN SACHS ETF TR GCAL

DYNAMIC CAL MUNI · ETP · CUSIP 38149W564

36 institutional holders +7 vs Q1 2026
3,052,0063.1m shares reported held*
$156.3mreported value*
13 new 13 added 6 reduced 5 sold out net bought ≈ $824.2k (+16.1k 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 ≈ $51.20.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 24: 4Q4 24: 7Q1 25: 8Q2 25: 11Q3 25: 17Q4 25: 24Q1 26: 29Q2 26: 3636Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 20244
Q4 20247
Q1 20258
Q2 202511
Q3 202517
Q4 202524
Q1 202629
Q2 202636

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 3 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 2 cut or sold outQ2 25: 8 bought or addedQ2 25: 4 cut or sold outQ2 25Q3 25: 14 bought or addedQ3 25: 4 cut or sold outQ4 25: 17 bought or addedQ4 25: 3 cut or sold outQ4 25Q1 26: 22 bought or addedQ1 26: 7 cut or sold outQ2 26: 26 bought or addedQ2 26: 11 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 202432
Q1 202542
Q2 202584
Q3 2025144
Q4 2025173
Q1 2026227
Q2 20262611

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $1.3mQ1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$1.3m—
Q2 2026$0$0—

Biggest buyers

LPL Financial LLC New +73,210+73.2k
ROYAL BANK OF CANADA New +50,124+50.1k
Cerity Partners LLC Added +30,527+30.5k
FIRST AMERICAN TRUST, FSB Added +27,491+27.5k
GOLDMAN SACHS GROUP INC Added +23,186+23.2k
ENVESTNET ASSET MANAGEMENT INC New +22,435+22.4k
Curated Wealth Partners LLC Added +21,589+21.6k
D.A. DAVIDSON & CO. New +20,300+20.3k
Cresset Asset Management, LLC New +19,151+19.2k
Roberts Wealth Advisors, LLC New +16,642+16.6k

Biggest sellers

Elequin Capital, LP Reduced -148,075-148.1k
FLOW TRADERS U.S. LLC Sold out -87,669-87.7k
MIRAE ASSET SECURITIES (USA) INC. Sold out -75,000-75.0k
Ducere Wealth Management LLC Reduced -14,366-14.4k
DEBUSSY CAPITAL MANAGEMENT LP Sold out -10,541-10.5k
Composition Wealth, LLC Reduced -7,793-7.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -5,774-5.8k
FINANCIAL MANAGEMENT NETWORK INC Reduced -2,128-2.1k
RVW Wealth, LLC Reduced -1,851-1.9k
MORGAN STANLEY Sold out -1,675-1.7k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Composition Wealth, LLC 1.12% of their portfolio LOS ANGELES, CA 1,858,4461.9m $95.2m $95.2m 1.12% Reduced -7.8k -7,793
2 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 261,446261.4k $13.4m $13.4m 0.02% Added +30.5k +30,527
3 FIRST AMERICAN TRUST, FSB 0.50% of their portfolio SANTA ANA, CA 161,344161.3k $8.3m $8.3m 0.50% Added +27.5k +27,491
4 Ducere Wealth Management LLC 1.70% of their portfolio NEWPORT BEACH, CA 110,701110.7k $5.7m $5.7m 1.70% Reduced -14.4k -14,366
5 Curated Wealth Partners LLC 0.54% of their portfolio EL SEGUNDO, CA 90,90290.9k $4.7m $4.7m 0.54% Added +21.6k +21,589
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 73,21073.2k $3.7m $3.7m 0.00% New
7 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 60,71560.7k $3.1m $3.1m 0.05% Added +8.8k +8,816
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 60,20760.2k $3.1m $3.1m 0.00% Added +23.2k +23,186
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 50,12450.1k $2.6m $2.6m 0.00% New
10 Weaver Consulting Group 0.51% of their portfolio HUNTINGTON BEACH, CA 48,14648.1k $2.5m $2.5m 0.51% Added +4.4k +4,424
11 FINANCIAL MANAGEMENT NETWORK INC 0.20% of their portfolio MISSION VIEJO, CA 27,78327.8k $1.4m $1.4m 0.20% Reduced -2.1k -2,128
12 Planned Solutions, Inc. 0.39% of their portfolio FOLSOM, CA 26,15226.2k $1.3m $1.3m 0.39% Added +4.4k +4,371
13 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 25,12525.1k $1.3m $1.3m 0.00% Added +258 +258
14 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 22,43522.4k $1.1m $1.1m 0.00% New
15 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 20,30020.3k $1.0m $1.0m 0.01% New
16 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 19,15119.2k $980.6k $980.6k 0.00% New
17 Roberts Wealth Advisors, LLC 0.19% of their portfolio PALO ALTO, CA 16,64216.6k $852.1k $852.1k 0.19% New
18 Elequin Capital, LP 0.02% of their portfolio NEW YORK, NY 12,52112.5k $641.1k $641.1k 0.02% Reduced -148.1k -148,075
19 RVW Wealth, LLC 0.04% of their portfolio LOS ANGELES, CA 11,56411.6k $592.1k $592.1k 0.04% Reduced -1.9k -1,851
20 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 11,13211.1k $570.0k $570.0k 0.01% Added +2.0k +2,000
21 Hennion & Walsh Asset Management, Inc. 0.01% of their portfolio Parsippany, NJ 9,96910.0k $510.4k $510.4k 0.01% New
22 Occidental Asset Management, LLC 0.05% of their portfolio Burlingame, CA 9,3009.3k $476.2k $476.2k 0.05% New
23 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 8,9428.9k $457.8k $457.8k 0.00% Added +195 +195
24 Magnus Financial Group LLC 0.03% of their portfolio NEW YORK, NY 8,3888.4k $429.5k $429.5k 0.03% Added +73 +73
25 Sowell Financial Services LLC 0.01% of their portfolio NORTH LITTLE ROCK, AR 7,3607.4k $376.8k $376.8k 0.01% New
26 Sprinkle Financial Consultants LLC 0.12% of their portfolio LITTLETON, CO 6,0886.1k $311.7k $311.7k 0.12% New
27 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,9856.0k $306.4k $306.4k 0.00% Unchanged
28 WOLFF WIESE MAGANA LLC 0.14% of their portfolio CARSLBAD, CA 5,9005.9k $302.1k $302.1k 0.14% Unchanged
29 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,6475.6k $289.1k $289.1k 0.00% New
30 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 5,2435.2k $268.4k $268.4k 0.00% New
31 SAGE RHINO CAPITAL LLC 0.04% of their portfolio MENLO PARK, CA 4,5294.5k $231.9k $231.9k 0.04% Unchanged
32 RICHARDS, MERRILL & PETERSON, INC. 0.03% of their portfolio SPOKANE, WA 1,7501.8k $89.6k $89.6k 0.03% Added +250 +250
33 GGM Financial LLC 0.03% of their portfolio COLUMBUS, OH 1,6321.6k $83.5k $83.5k 0.03% Added +1.4k +1,374
34 Sankala Group LLC 0.05% of their portfolio LYONS, CO 1,4811.5k $74.7k $74.7k 0.05% New
35 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 1,4151.4k $72.2k $72.2k 0.00% Reduced -535 -535
36 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 331331 $16.9k $16.9k 0.00% Unchanged