GS
Goldman Sachs Group INC 13F Holdings Breakdown
Goldman Sachs Group INCDiversified strategyMomentum followerSector-focused
Total reported value
$870.9B
Reporting period: 2026-03-31 · Number of holdings: 13579
GOLDMAN SACHS GROUP INC disclosed 13579 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $870.9B and a quarterly turnover rate of 25.0%.
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Personality snowflake
- Concentration
- 3.52
- Portfolio Stability
- 24.96
- Momentum/Contrarian
- 71.52
- Sector conviction
- 67.54
- Diversification
- 100
- Sizing Uniformity
- 30.88
Recent moves
Trim TSLA
-16.0% -$5.6B
Trim NVDA
-1.7% -$3.4B
Trim MSFT
+19.6% -$2.4B
Trim AAPL
+0.8% -$2.0B
Add TSM
+82.6% $4.2B
Add LQD
+303.1% $3.7B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Goldman Sachs is rotating capital out of high-beta mega-cap momentum names—trimming TSLA and NVDA—and into semiconductor supply chain plays (TSM, MU, SNDK), while adding SPY, IWM, and LQD. This telegraphs a deliberate shift: hunting dispersion within tech and layering in cyclicals and credit to capture a broadening macro, not doubling down on the AI leaders.
Macro & Fundamentals
The regime shift embedded here is a bet that the AI hype cycle is maturing and capital flows will spread to semiconductor manufacturing and domestic cyclicals, with corporate bonds added as a yield cushion. The opposing thesis is that AI capex sustains and NVDA regains its monopoly, small caps get crushed by sticky interest rates, and LQD suffers as downgrades accelerate—leaving this rotation early and exposed.
Blind Spots / Risks
A momentum tilt score of 71.5 combined with 41% Technology weighting means this portfolio is overcrowded in the factor and sector that everyone else owns. When momentum reversals or tech selloffs happen, the correlation spike across 5,539 holdings won't save it—positioning squeeze risk is the unhedged bet here.
This overview is machine-generated from public regulatory data and describes past filings only — it does not constitute financial advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 5539 holdings (of 13579 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 4.42% | -0.71% | -1.65% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.65% | +0.16% | +17.14% | |
| 3 | AAPL | Apple INC | Stock-Tech | 3.57% | -0.49% | +0.80% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 2.99% | -0.50% | +19.61% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.04% | — | +8.46% | |
| 6 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.83% | -0.34% | +0.24% | |
| 7 | TSLA | Tesla INC | Stock-Consumer Disc | 1.46% | -0.78% | -15.99% | |
| 8 | AVGO | Broadcom INC | Stock-Tech | 1.37% | -0.18% | +5.44% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.36% | +0.01% | +23.46% | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.31% | — | +11.66% | |
| 11 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.16% | +0.08% | +25.30% | |
| 12 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.04% | — | -0.69% | |
| 13 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.03% | — | +2.30% | |
| 14 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.99% | +0.13% | +23.93% | |
| 15 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.94% | +0.44% | +82.59% | |
| 16 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.86% | +0.25% | +49.62% | |
| 17 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.84% | — | +7.53% | |
| 18 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.74% | -0.20% | -1.84% | |
| 19 | XOM | Exxon Mobil CORP | Stock-Energy | 0.69% | +0.25% | +17.41% | |
| 20 | MU | Micron Technology INC | Stock-Tech | 0.65% | +0.26% | +50.35% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.60% | — | -3.32% | |
| 22 | WMT | Walmart INC | Stock-Consumer Staples | 0.60% | +0.09% | +13.76% | |
| 23 | V | Visa Inc-class A Shares | Stock-Financials | 0.60% | — | +4.10% | |
| 24 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.56% | +0.41% | +303.10% | |
| 25 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.52% | +0.10% | +12.40% | |
| 26 | MA | Mastercard INC - A | Stock-Financials | 0.49% | — | +27.16% | |
| 27 | AMD | Advanced Micro Devices | Stock-Tech | 0.45% | — | -4.94% | |
| 28 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.44% | — | -14.69% | |
| 29 | ABBV | Abbvie INC | Stock-Healthcare | 0.41% | — | +19.37% | |
| 30 | TTE | Totalenergies Se | Stock-Other | 0.40% | +0.13% | +13.26% | |
| 31 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.40% | +0.10% | +23.66% | |
| 32 | GE | General Electric | Stock-Industrials | 0.39% | +0.08% | +44.55% | |
| 33 | BAC | Bank Of America CORP | Stock-Financials | 0.38% | — | -0.95% | |
| 34 | SNDK | Sandisk CORP | Stock-Tech | 0.37% | +0.34% | +475.55% | |
| 35 | NFLX | Netflix INC | Stock-Comm Services | 0.37% | — | -2.83% | |
| 36 | CRWV | Coreweave Inc-cl A | Stock-Tech | 0.36% | +0.27% | +275.46% | |
| 37 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.35% | — | +0.01% | |
| 38 | HD | Home Depot INC | Stock-Consumer Disc | 0.34% | — | +7.66% | |
| 39 | CSCO | Cisco Systems INC | Stock-Tech | 0.34% | — | -14.71% | |
| 40 | AMAT | Applied Materials INC | Stock-Tech | 0.33% | +0.11% | +18.87% | |
| 41 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.33% | — | +26.65% | |
| 42 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.32% | — | -17.62% | |
| 43 | MS | Morgan Stanley | Stock-Financials | 0.32% | — | +6.10% | |
| 44 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.31% | +0.07% | +36.94% | |
| 45 | KLAC | Kla CORP | Stock-Tech | 0.31% | +0.09% | +24.14% | |
| 46 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.31% | -0.17% | -29.75% | |
| 47 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.31% | — | +11.36% | |
| 48 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.30% | +0.11% | +61.27% | |
| 49 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.30% | — | +5.54% | |
| 50 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.30% | — | +12.80% |
1–50 of 5,539
Portfolio Performance
Performance for Q3 2026
+3.4%
Performance Last 4 Quarters
+22.1%
Based on 76% of reported portfolio value with available pricing
- Stdev
- +13.4%
- Beta
- +1.01
- Alpha
- -1.4%
- Max Drawdown
- -8.6%
- Annualized Perf
- +17.7%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.67
- Stutzer
- +0.38
- Treynor
- +0.17
- Sterling
- +1.03
- Calmar
- +2.07
- Information Ratio
- -0.48
- Tracking Error
- +2.4%
- Stdev Down
- +6.5%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +34.5%
- Worst 12 Months
- +5.6%
- Efficiency Ratio
- +0.53
- Sharpe
- +1.29
- Stdev Sectors
- +11%
- Skewness
- +0.2
- Kurtosis
- -0.25
- Upside Potential
- +4.39
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 13579 | $870.9B | 25 | |
| 2025-12-31 | 13077 | $815.4B | 23 | |
| 2025-09-30 | 13001 | $817.4B | 36 | |
| 2025-06-30 | 13021 | $736.1B | 0 | |
| 2025-03-31 | 12510 | $617.8B | 0 | |
| 2024-12-31 | 12623 | $634.4B | 0 | |
| 2024-09-30 | 12592 | $621.1B | 0 | |
| 2024-06-30 | 12471 | $591.3B | 0 | |
| 2024-03-31 | 12210 | $564.2B | 0 | |
| 2023-12-31 | 12337 | $542.6B | 0 | |
| 2023-09-30 | 11925 | $470.1B | 0 | |
| 2023-06-30 | 11468 | $466.4B | 0 | |
| 2023-03-31 | 11545 | $435.3B | 0 | |
| 2022-12-31 | 11602 | $407.9B | 0 | |
| 2022-09-30 | 11730 | $395.8B | 0 | |
| 2022-06-30 | 12052 | $400.2B | 0 | |
| 2022-03-31 | 12248 | $476.2B | 0 | |
| 2021-12-31 | 12128 | $503.6B | 0 | |
| 2021-09-30 | 11629 | $471.5B | 0 | |
| 2021-06-30 | 11592 | $446.4B | 94 | |
| 2021-03-31 | 11442 | $396.5B | 30 | |
| 2020-12-31 | 10482 | $388.6B | 28 | |
| 2020-09-30 | 10174 | $352.4B | 28 | |
| 2020-06-30 | 10054 | $329.4B | 30 | |
| 2020-03-31 | 10085 | $283.8B | 43 | |
| 2019-12-31 | 10249 | $392.6B | 27 | |
| 2019-09-30 | 10078 | $346.1B | 21 | |
| 2019-06-30 | 9871 | $347.5B | 23 | |
| 2019-03-31 | 9704 | $331.0B | 24 | |
| 2018-12-31 | 9626 | $313.7B | 33 | |
| 2018-09-30 | 10244 | $387.3B | 21 | |
| 2018-06-30 | 10307 | $369.5B | 27 | |
| 2018-03-31 | 10926 | $390.9B | 25 | |
| 2017-12-31 | 10958 | $418.1B | 22 | |
| 2017-09-30 | 11518 | $408.3B | 22 | |
| 2017-06-30 | 11348 | $386.5B | 25 | |
| 2017-03-31 | 10759 | $368.6B | 24 | |
| 2016-12-31 | 11175 | $353.6B | 25 | |
| 2016-09-30 | 11329 | $330.2B | 25 | |
| 2016-06-30 | 11320 | $306.3B | 25 | |
| 2016-03-31 | 11285 | $304.1B | 29 | |
| 2015-12-31 | 11194 | $318.7B | 100 | |
| 2015-09-30 | 10752 | $296.3B | 0 | |
| 2015-06-30 | 10684 | $322.4B | 0 | |
| 2015-03-31 | 10441 | $310.9B | 0 | |
| 2014-12-31 | 10402 | $315.9B | 25 | |
| 2014-09-30 | 10331 | $314.8B | 25 | |
| 2014-06-30 | 10308 | $319.2B | 24 | |
| 2014-03-31 | 10066 | $305.7B | 25 | |
| 2013-12-31 | 10243 | $304.1B | 28 | |
| 2013-09-30 | 10366 | $270.8B | 25 | |
| 2013-06-30 | 10081 | $259.2B | 38 |
Holding changes this quarter
Goldman Sachs Group INC's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Trim: Tesla INC (TSLA) — shares -15.99%; Trim: Nvidia CORP (NVDA) — shares -1.65%; Add: Microsoft CORP (MSFT) — shares +19.61%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | +82.59% | Add |
| 2 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.4% | +303.10% | Add |
| 3 | SNDK | Sandisk CORP | +0.3% | +475.55% | Add |
| 4 | CRWV | Coreweave Inc-cl A | +0.3% | +275.46% | Add |
| 5 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.3% | +14053.14% | Add |
| 6 | MU | Micron Technology INC | +0.3% | +50.35% | Add |
| 7 | IWM | Ishares Russell 2000 ETF | +0.3% | +49.62% | Add |
| 8 | XOM | Exxon Mobil CORP | +0.3% | +17.41% | Add |
| 9 | BE | Bloom Energy Corp- A | +0.3% | +763.66% | Add |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.2% | +17.14% | Add |
| 11 | IGV | Ishares Expanded Tech-softwa | +0.1% | +1009.40% | Add |
| 12 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.1% | +23.93% | Add |
| 13 | TTE | Totalenergies Se | +0.1% | +13.26% | Add |
| 14 | USO | United States Oil Fund LP | +0.1% | +267.03% | Add |
| 15 | CNQ | Canadian Natural Resources | +0.1% | +514.50% | Add |
| 16 | EEM | Ishares Msci Emerging Market | +0.1% | +61.27% | Add |
| 17 | AMAT | Applied Materials INC | +0.1% | +18.87% | Add |
| 18 | KRE | Ss Spdr S&p Regional Bank | +0.1% | +169.86% | Add |
| 19 | JNJ | Johnson & Johnson | +0.1% | +12.40% | Add |
| 20 | COST | Costco Wholesale CORP | +0.1% | +23.66% | Add |
| 21 | XLE | Ss Energy Select Sector | +0.1% | +27.11% | Add |
| 22 | WMT | Walmart INC | +0.1% | +13.76% | Add |
| 23 | KLAC | Kla CORP | +0.1% | +24.14% | Add |
| 24 | SNPS | Synopsys INC | +0.1% | +302.68% | Add |
| 25 | PINS | Pinterest Inc- Class A | +0.1% | +885.05% | Add |
| 26 | GOOG | Alphabet Inc-cl C | +0.1% | +25.30% | Add |
| 27 | GE | General Electric | +0.1% | +44.55% | Add |
| 28 | CVX | Chevron CORP | +0.1% | +8.10% | Add |
| 29 | GLD | Spdr Gold Shares | +0.1% | +37.64% | Add |
| 30 | PSX | Phillips 66 | +0.1% | +155.25% | Add |
| 31 | WDC | Western Digital CORP | +0.1% | +16.63% | Add |
| 32 | IJH | Ishares Core S&p Midcap ETF | +0.1% | +36.94% | Add |
| 33 | NEE | Nextera Energy INC | +0.1% | +29.93% | Add |
| 34 | TXN | Texas Instruments INC | +0.1% | +41.69% | Add |
| 35 | VZ | Verizon Communications INC | +0.1% | +24.94% | Add |
| 36 | META | Meta Platforms Inc-class A | 0% | +23.46% | Add |
| 37 | INTU | Intuit INC | -0.1% | -5.63% | Trim |
| 38 | BABA | Alibaba Group Holding-sp Adr | -0.1% | -39.19% | Trim |
| 39 | ORCL | Oracle CORP | -0.1% | -3.39% | Trim |
| 40 | SHOP | Shopify INC - Class A | -0.2% | -32.53% | Trim |
| 41 | DIA | Ss Spdr Dow Jones Indus Avg | -0.2% | -29.75% | Trim |
| 42 | AVGO | Broadcom INC | -0.2% | +5.44% | Add |
| 43 | LLY | Eli Lilly & Co | -0.2% | -1.84% | Trim |
| 44 | AMZN | Amazon.com INC | -0.3% | +0.24% | Add |
| 45 | AAPL | Apple INC | -0.5% | +0.80% | Add |
| 46 | MSFT | Microsoft CORP | -0.5% | +19.61% | Add |
| 47 | NVDA | Nvidia CORP | -0.7% | -1.65% | Trim |
| 48 | TSLA | Tesla INC | -0.8% | -15.99% | Trim |
| 49 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 50 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
FAQ
What is Goldman Sachs Group INC and what type of investor is it?
Goldman Sachs Group INC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $870.9B, spread across 13579 disclosed positions.
What are Goldman Sachs Group INC's largest equity positions?
Based on the latest 13F filing, Goldman Sachs Group INC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $38.5B (4.4%)
2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $31.8B (3.6%)
3. Apple INC (AAPL) — $31.1B (3.6%)
4. Microsoft CORP (MSFT) — $26.0B (3.0%)
5. Alphabet Inc-cl A (GOOGL) — $17.8B (2.0%)
What changes did Goldman Sachs Group INC make in its most recent portfolio filing?
In the latest reported quarter, Goldman Sachs Group INC made 50 notable position adjustments: 1 new positions were initiated, 40 existing holdings were added to, 8 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Trim: Tesla INC (TSLA) — shares -15.99%; Trim: Nvidia CORP (NVDA) — shares -1.65%; Add: Microsoft CORP (MSFT) — shares +19.61%
What sectors does Goldman Sachs Group INC focus on?
Goldman Sachs Group INC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 41.0%
• Communication Services: 13.2%
• Consumer Discretionary: 11.4%
• Financials: 10.8%
• Health Care: 9.5%
• Industrials: 5.0%
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