Goldman Sachs Dynamic California Municipal Income ETF
GCAL
29 hedge funds and large institutions have $154M invested in Goldman Sachs Dynamic California Municipal Income ETF in 2026 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 3 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
21% more capital invested
Capital invested by funds: $127M → $154M (+$27.1M)
21% more funds holding
Funds holding: 24 → 29 (+5)
5.71% more ownership
Funds ownership: 92.47% → 98.18% (+5.7%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.27M
Top Buyers
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$12.1M |
| 2 |
EC
Elequin Capital
New York
|
+$8.21M |
| 3 |
MASUI
MIRAE ASSET SECURITIES (USA) INC.
New York
|
+$3.84M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$2.17M |
| 5 |
FAT
First American Trust
Santa Ana,
California
|
+$1.38M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $84.9K | +$85.3K | +1,668 | +23,829% |
|
|
RMP
27
Richards, Merrill & Peterson
Spokane,
Washington
| $76K | – | – | – |
|
28
William Blair & Company
Chicago,
Illinois
| $16.8K | +$2.4K | +47 | +17% |
|
|
GF
29
GGM Financials
Columbus,
Ohio
| $13.1K | +$13.2K | +258 | New |
|
30
Jane Street
New York
| – | -$351K | -6,888 | Closed |
|
|
BZWA
31
Blue Zone Wealth Advisors
Los Angeles,
California
| – | -$280K | -5,498 | Closed |
|
32
JP Morgan Chase
New York
| – | -$29.2K | -573 | Closed |
|
GCAL Hedge Fund Activity: Q1 2026 in Review
29 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Dynamic California Municipal Income ETF (GCAL) for Q1 2026, worth a combined $154M — up 21% from $127M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GCAL positions and 3 closed out — a net gain of 5 holders — while 14 added to existing stakes and 4 trimmed.
The largest buyer was Miracle Mile Advisors, adding an estimated $12.1M. The largest seller was Curated Wealth Partners, cutting an estimated $3.76M.
- 29 institutional investors held Goldman Sachs Dynamic California Municipal Income ETF (GCAL) as of Q1 2026, up from 24 in Q4 2025.
- Funds reported $154M of Goldman Sachs Dynamic California Municipal Income ETF stock for Q1 2026, up 21% quarter-over-quarter.
- 8 funds opened new Goldman Sachs Dynamic California Municipal Income ETF positions in Q1 2026 and 3 closed out, a net change of +5 holders.
- The largest Goldman Sachs Dynamic California Municipal Income ETF buyer in Q1 2026 was Miracle Mile Advisors, an estimated $12.1M added.
- The largest Goldman Sachs Dynamic California Municipal Income ETF seller in Q1 2026 was Curated Wealth Partners, an estimated $3.76M sold.
Based on aggregated 13F filings for Q1 2026.