Goldman Sachs Dynamic California Municipal Income ETF
GCAL
24 hedge funds and large institutions have $127M invested in Goldman Sachs Dynamic California Municipal Income ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 0 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
41% more funds holding
Funds holding: 17 → 24 (+7)
16% more capital invested
Capital invested by funds: $109M → $127M (+$17.9M)
1.19% less ownership
Funds ownership: 93.65% → 92.47% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWP
Curated Wealth Partners
El Segundo,
California
|
+$5.09M |
| 2 |
FAT
First American Trust
Santa Ana,
California
|
+$2.83M |
| 3 |
Cerity Partners
New York
|
+$2.17M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$1.21M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$3.65M |
| 2 |
JP Morgan Chase
New York
|
-$1.8M |
| 3 |
Jane Street
New York
|
-$562K |
GCAL Hedge Fund Activity: Q4 2025 in Review
24 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Dynamic California Municipal Income ETF (GCAL) for Q4 2025, worth a combined $127M — up 16% from $109M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GCAL positions and 0 closed out — a net gain of 7 holders — while 12 added to existing stakes and 3 trimmed.
The largest buyer was Curated Wealth Partners, adding an estimated $5.09M. The largest seller was Flow Traders U.S., cutting an estimated $3.65M.
- 24 institutional investors held Goldman Sachs Dynamic California Municipal Income ETF (GCAL) as of Q4 2025, up from 17 in Q3 2025.
- Funds reported $127M of Goldman Sachs Dynamic California Municipal Income ETF stock for Q4 2025, up 16% quarter-over-quarter.
- 7 funds opened new Goldman Sachs Dynamic California Municipal Income ETF positions in Q4 2025 and 0 closed out, a net change of +7 holders.
- The largest Goldman Sachs Dynamic California Municipal Income ETF buyer in Q4 2025 was Curated Wealth Partners, an estimated $5.09M added.
- The largest Goldman Sachs Dynamic California Municipal Income ETF seller in Q4 2025 was Flow Traders U.S., an estimated $3.65M sold.
Based on aggregated 13F filings for Q4 2025.