What smart money is saying about Goldman Sachs Group Inc.
2 funds in our archive have pitched Goldman Sachs Group Inc. — most recently Artisan Partners US Focus Fund in June 2026.
The Goldman Sachs Group, Inc. (GS) operates as a prominent global financial services firm, offering an extensive array of services to corporations, financial institutions, governmental bodies, and individuals worldwide. The company's operations are organized into four primary divisions: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment furnishes strategic advisory services covering intricate transactions such as mergers, acquisitions, divestitures, corporate defense strategies, restructurings, and spin-offs. It also extends various lending facilities, including middle-market, relationship, and acquisition financing, in addition to transaction banking services. This division further specializes in underwriting, assisting clients with equity offerings for common, preferred, and convertible securities, as well as debt offerings encompassing investment-grade, high-yield, bank/bridge loans, and emerging market debt instruments, alongside the creation of structured securities. Within its Global Markets division, Goldman Sachs engages in client execution activities for both cash and derivative instruments, provides solutions for credit and interest rate products, and offers comprehensive equity intermediation, financing, clearing, settlement, and custody services. This segment also transacts in products linked to mortgages, foreign exchange, commodities, and equities. The Asset Management segment is responsible for managing assets across a diverse spectrum of classes, including equities, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities. It delivers tailored investment advisory solutions and makes direct investments in corporate entities, real estate ventures, and infrastructure projects. The Consumer & Wealth Management segment provides individual clients with wealth advisory and banking services. These include financial planning, investment management, deposit-taking, and lending. It also offers private banking services, unsecured loans, and accepts savings and time deposits. Founded in 1869, the company's corporate headquarters are located in New York, New York.
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Fund signal · last 12 months
17 lettersFunds are split between buying and selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 19 fund letters reported a position in Goldman Sachs Group Inc., with 6 buys (opened or added) and 6 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 1 | 0 |
| Q2 2026 | 13 | 5 | 3 | 1 |
| Q1 2026 | 2 | 0 | 1 | 0 |
| Q2 2025 | 1 | 1 | 0 | 0 |
| Q4 2024 | 1 | 0 | 1 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 19 positions · 12 moves
- September 2026
“In terms of sales, this was mainly concentrated on rightsizing positions following some strong moves. We took profits in SK Hynix, Goldman Sachs, and United Rentals.”
Goldman Sachs Group Inc. - July 2026
“Financial Services was the largest detractor. Primary headwinds came from long positions in Plus500 and Polar Capital, which more than offset modest gains from Goldman Sachs and Morgan Stanley.”
Goldman Sachs Group Inc. - June 2026
“We trimmed some positions in the financial sector (again): Bank of New York Mellon, Morgan Stanley, and Goldman Sachs.”
Goldman Sachs Group Inc. - June 2026
“Fund activity New primary market issuers were active but moderate through the quarter. Investment grade sterling issuance totalled £12.7bn during the second quarter, led primarily by financial-sector supply. This was slightly above last year’s issuance during the same period (£10.3bn). Banks and financials remain a large part of the index. We continue to favour the sector, as credit spreads provide attractive compensation for the risks taken. We did add modestly to senior bonds, including a new green senior sterling-denominated issue by Dutch bank ABN AMRO. However, we generally found better value in subordinated bonds, although given the greater risk these offer, we were very selective, adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.”
Goldman Sachs Group Inc. - June 2026
“Goldman Sachs Group, Inc. Elect David M. Solomon - against: We voted against this nominee who serves as both Chair and CEO. We would prefer to see these roles separated. We also have some concerns regarding the company's decision to downgrade its restrictions on the direct financing of Arctic oil projects, new thermal coal mines, and new coalfired power plants.”
Goldman Sachs Group Inc. - June 2026
“While technology remained an important contributor, returns were generated across multiple sectors and investment themes. Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme. Rolls-Royce and GE Aerospace continued to benefit from favorable aerospace fundamentals, Caterpillar participated in the ongoing expansion of domestic industrial investment, and Goldman Sachs generated strong returns as improving capital markets activity and expectations for regulatory reform supported financials.”
Goldman Sachs Group Inc. - June 2026
“During the quarter we added lower tier 2 issues from Barclays, and a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.”
Goldman Sachs Group Inc. - June 2026
“PA Fund activity New primary market issuers were active but moderate through the quarter. Investment grade sterling issuance totalled £12.7bn during the second quarter, led primarily by financial-sector supply. This was slightly above last year’s issuance during the same period (£10.3bn). Banks and financials remain a large part of the index. We continue to favour the sector, as credit spreads provide attractive compensation for the risks taken. We did add modestly to senior bonds, including a new green senior sterling-denominated issue by Dutch bank ABN AMRO. However, we generally found better value in subordinated bonds, although given the greater risk these offer, we were very selective, adding lower tier 2 issues from Santander, Lloyds Bank, and a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.”
Goldman Sachs Group Inc. - June 2026
“Portfolio performance was also notably broad-based. While technology remained an important contributor, returns were generated across multiple sectors and investment themes. Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme. Rolls-Royce and GE Aerospace continued to benefit from favorable aerospace fundamentals, Caterpillar participated in the ongoing expansion of domestic industrial investment, and Goldman Sachs generated strong returns as improving capital markets activity and expectations for regulatory reform supported financials.”
Goldman Sachs Group Inc. - June 2026
“Through the first part of the quarter, with yields still looking high and therefore offering value against our models, we were happy to pick up limited issuance of one-year paper from issuers that scored well on our credit and ESG criteria, such as six-month CDs in DZ Bank and one-year CDs in Goldman Sachs, National Westminster and Standard Chartered, all at yields well over SONIA.”
Goldman Sachs Group Inc. - June 2026
“adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.”
Goldman Sachs Group Inc. - June 2026
“Through the first part of the quarter, with yields still looking high and therefore offering value against our models, we were happy to pick up limited issuance of one-year paper from issuers that scored well on our credit and ESG criteria, such as one-year CDs in Goldman Sachs, National Westminster and Standard Chartered, all at yields well over SONIA.”
Goldman Sachs Group Inc. - TrimmedNightview Capital NITE ETFJune 2026
“Within financials, we rotated toward scale. We roughly doubled our stake in BlackRock and added substantially to Charles Schwab , while trimming Goldman Sachs and Morgan Stanley .”
Goldman Sachs Group Inc. - June 2026
“The Fund experienced a maturity in ADT Inc. and calls of positions in Sealed Air, Goldman Sachs, Travel + Leisure, and Univision Communications.”
Goldman Sachs Group Inc. - June 2026
“we were very selective, adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.”
Goldman Sachs Group Inc. - ExitedAriel Focused ValueMarch 2026
“By comparison, we successfully exited global investment bank, Goldman Sachs Group, Inc. (GS), on valuation as shares began trading above our estimate of private market value.”
Goldman Sachs Group Inc. - March 2026
“The final group of noteworthy stocks is the financial sector. Earlier in the year, banks were expected to benefit as the Federal Reserve cut short-term rates, which can improve lending margins in certain environments. That outlook has weakened as inflation has reaccelerated, and rate cuts have become less likely. In addition, concerns about private credit (non-bank lending) have resurfaced, reviving some fears of a broader financial shock—though we do not see conditions today as comparable to the financial crisis. We continue to like First Horizon Bank (a regional bank with exposure to growing markets in the Southeast), JP Morgan, and Goldman Sachs.”
Goldman Sachs Group Inc. - New positionAriel Appreciation FundJune 2025
“We also repurchased global investment bank, Goldman Sachs Group, Inc. (GS), as macro uncertainty, geopolitical tensions and shifts in global trade policy drove the name back down within our midcap portfolios’ capitalization range in the quarter.”
Goldman Sachs Group Inc. - December 2024
“We eliminated the following position(s) during the period: • Altria • eBay • Goldman Sachs • Salesforce • Truist Financial • Walt Disney”
Goldman Sachs Group Inc.
Also mentioned · 13
These funds discuss Goldman Sachs Group Inc. — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedWilkins Investment CounselSeptember 2026
“Goldman Sachs analysts recently pointed out that there are three drivers behind the current unusually high earnings, which could ebb in 2027.”
Goldman Sachs Group Inc. - MentionedAntipodes Global Credit StrategySeptember 2026
“Figure 4 – Rapid repricing in AI infrastructure Source: Goldman Sachs The US$195 billion software leveraged loan sector remains a material opportunity – the sector trades at an average price of ~90c and a >10% yield to maturity and has gone from loved to hated in a very short period.”
Goldman Sachs Group Inc. - June 2026
“Several investment banks including Goldman Sachs abandoned calls for Chinese monetary easing in 2026, pushing back forecasts as leaders signalled confidence in growth and minimal urgency for increased support.”
Goldman Sachs Group Inc. - MentionedCDT Capital (CDT)June 2026
“In the top ten of the S&P 500 constituents, Nvidia and Micron alone now represent approximately 8.6% of the total market index, while the rest of the semiconductor sector as a group represents a record high of 19.7% of the market index’s weightings (Article). According to Goldman Sachs, the top 10 largest companies in the S&P 500 almost all of which are participating in the AI supply chain (Nvidia and Micron included) are expected to contribute to a disproportionate 64% of the earnings growth expected for this year (Article). While semiconductors alone are expected to contribute close to 40% of index”
Goldman Sachs Group Inc. - MentionedCDT CapitalJune 2026
“According to Goldman Sachs, the top 10 largest companies in the S&P 500 almost all of which are participating in the AI supply chain”
Goldman Sachs Group Inc. - June 2026
“Who this will be, is dicult to observe today and, hence, the portfolio is exposed to 0% of the companies in the Goldman Sachs AI Losers Basket.”
Goldman Sachs Group Inc. - MentionedOpal Capital Investment StrategiesJune 2026
“Source: Goldman Sachs Global Investment Research”
Goldman Sachs Group Inc. - MentionedPeterson Investment Fund IJune 2026
“Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. He is cofounder of Talas Turkey Value Fund and Titan Strategic Income Fund. Matthew has launched an AI investment research platform available to partners. Matthew has been working as a financial professional for over two decades. His experience includes working with global financial services firms, including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial.”
Goldman Sachs Group Inc. - June 2026
“The Earnings “Growth” Is a Mirage The AI concentration extends to earnings, as well. According to Goldman Sachs data, AI-infrastructure stocks account for more than 100% of the positive revisions experienced by the S&P 500 this year.”
Goldman Sachs Group Inc. - June 2026
“Most investors still analyze markets through a post-2008 lens, according to Peter Oppenheimer, Chief Global Equity Strategist at Goldman Sachs Research, who has published a series of papers exploring his “Post-Modern Cycle” thesis.”
Goldman Sachs Group Inc. - MentionedWilkins Investment Counsel SummerJune 2026
“While reminiscent of the transformative infrastructure build-outs of the past such as the rapid expansion of the railroads in the 19th century or the telecommunications boom of the late 1990s, the sheer scale of this current capital cycle remains staggering. Goldman Sachs forecasts an aggregate expenditure of $7.6 trillion between 2026 and 2031 on computer chips, data centers, and power.”
Goldman Sachs Group Inc. - MentionedMilitia CapitalDecember 2025
“Many large, credible seeming brokers - Credit Suisse, Nomura, Goldman Sachs, Morgan Stanley, Deutsche Bank, UBS and Wells Fargo - were doing business with Hwang.”
Goldman Sachs Group Inc. - MentionedSteward AMJune 2025
“Indications of continuance are found in Goldman Sachs' IPO Issuance Barometer which has rebounded to 125, well above the 100 level scaled for typical IPO frequency.”
Goldman Sachs Group Inc.
Fund coverage · 2 theses
- Artisan Partners US Focus FundJune 2026
Goldman Sachs Group Inc. is part of the Evolving Financials theme, supported by improving capital markets activity, deregulation, and potential operating leverage.
Read the full thesis - Nightview CapitalDecember 2024
Goldman Sachs is poised for sustained growth due to its leadership in investment banking and strong performance in asset and wealth management.
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