Goldman Sachs Dynamic California Municipal Income ETF
GCAL
10 hedge funds and large institutions have $15.4M invested in Goldman Sachs Dynamic California Municipal Income ETF in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
99% more capital invested
Capital invested by funds: $7.77M → $15.4M (+$7.67M)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
43% more funds holding
Funds holding: 7 → 10 (+3)
0.05% less ownership
Funds ownership: 77.69% → 77.65% (-0.05%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
+$5.92M |
| 2 |
CWP
Curated Wealth Partners
El Segundo,
California
|
+$2.06M |
| 3 |
Jane Street
New York
|
+$761K |
| 4 |
WCG
Weaver Consulting Group
Huntington Beach,
California
|
+$432K |
| 5 |
PS
Planned Solutions
Folsom,
California
|
+$392K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$1.13M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$587K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$305K |
| 4 |
FMN
Financial Management Network
Mission Viejo,
California
|
-$203K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Cerity Partners
New York
| $5.96M | +$5.92M | +119,803 | New |
|
|
2
Goldman Sachs
New York
| $3.89M | -$1.13M | -22,962 | -23% |
|
|
CWP
3
Curated Wealth Partners
El Segundo,
California
| $2.07M | +$2.06M | +41,675 | New |
|
|
4
Jane Street
New York
| $1.09M | +$761K | +15,412 | +234% |
|
|
FMN
5
Financial Management Network
Mission Viejo,
California
| $1.06M | -$203K | -4,112 | -16% |
|
|
WCG
6
Weaver Consulting Group
Huntington Beach,
California
| $435K | +$432K | +8,750 | New |
|
|
PS
7
Planned Solutions
Folsom,
California
| $394K | +$392K | +7,933 | New |
|
8
Mariner
Overland Park,
Kansas
| $300K | +$299K | +6,045 | New |
|
9
HighTower Advisors
Chicago,
Illinois
| $207K | +$7.21K | +146 | +4% |
|
10
UBS Group
Zurich,
Switzerland
| $34.4K | +$14.6K | +296 | +75% |
|
|
FTUS
11
Flow Traders U.S.
New York
| – | -$587K | -11,704 | Closed |
|
|
12
Citadel Advisors
Miami,
Florida
| – | -$305K | -6,078 | Closed |
|
GCAL Hedge Fund Activity: Q2 2025 in Review
10 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Dynamic California Municipal Income ETF (GCAL) for Q2 2025, worth a combined $15.4M — up 99% from $7.77M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GCAL positions and 2 closed out — a net gain of 3 holders — while 3 added to existing stakes and 2 trimmed.
The largest buyer was Cerity Partners, opening a new position worth an estimated $5.92M. The largest seller was Goldman Sachs, cutting an estimated $1.13M.
- 10 institutional investors held Goldman Sachs Dynamic California Municipal Income ETF (GCAL) as of Q2 2025, up from 7 in Q1 2025.
- Funds reported $15.4M of Goldman Sachs Dynamic California Municipal Income ETF stock for Q2 2025, up 99% quarter-over-quarter.
- 5 funds opened new Goldman Sachs Dynamic California Municipal Income ETF positions in Q2 2025 and 2 closed out, a net change of +3 holders.
- The largest Goldman Sachs Dynamic California Municipal Income ETF buyer in Q2 2025 was Cerity Partners, an estimated $5.92M added.
- The largest Goldman Sachs Dynamic California Municipal Income ETF seller in Q2 2025 was Goldman Sachs, an estimated $1.13M sold.
Based on aggregated 13F filings for Q2 2025.