We are live on ! Find out more
GMUB

Goldman Sachs Municipal Income ETF
GMUB

22 hedge funds and large institutions have $100M invested in Goldman Sachs Municipal Income ETF in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more funds holding

Funds holding: 8 → 22 (+14)

149% more capital invested

Capital invested by funds: $40.2M → $100M (+$59.9M)

67% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 3

13.07% more ownership

Funds ownership: 80.61% → 93.68% (+13%)

Holders
22
Holders Change
+14
Holders Change %
+175%
% of All Funds
0.29%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
5
Reduced
3
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
+$17.5M
2
Betterment LLC
Betterment LLC
New York
+$12.3M
3
GA
GoalVest Advisory
New York
+$7.85M
4
FTUS
Flow Traders U.S.
New York
+$4.8M
5
PIA
Pinion Investment Advisors
Kansas
+$3.99M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$2.31M
2
Goldman Sachs
Goldman Sachs
New York
-$1.07M
3
LWMNY
Landmark Wealth Management (New York)
New York
-$298K
Name Holding Trade Value Shares
Change 		Change in
Stake
Betterment LLC
1
Betterment LLC
New York
$39.5M +$12.3M +245,844 +46%
Stifel Financial
2
Stifel Financial
Missouri
$17.7M +$17.5M +348,295 New
GA
3
GoalVest Advisory
New York
$7.97M +$7.85M +156,612 New
FTUS
4
Flow Traders U.S.
New York
$5.18M +$4.8M +95,894 +1,601%
PIA
5
Pinion Investment Advisors
Kansas
$4.08M +$3.99M +79,638 New
RPGK
6
Retirement Planning Group (Kansas)
Kansas
$3.72M +$871K +17,389 +31%
SFS
7
Sowell Financial Services
Arkansas
$3.5M +$1.22M +24,269 +55%
BFG
8
Berger Financial Group
Minnesota
$3.18M +$3.13M +62,440 New
GPW
9
Gentry Private Wealth
Kansas
$2.53M +$2.5M +49,799 New
Goldman Sachs
10
Goldman Sachs
New York
$2.38M -$1.07M -21,428 -31%
MTWM
11
Masso Torrence Wealth Management
New Jersey
$2.28M +$2.25M +44,875 New
PA
12
Pineridge Advisors
Missouri
$2.12M +$2.08M +41,575 New
JP Morgan Chase
13
JP Morgan Chase
New York
$1.91M +$1.88M +37,459 New
P
14
&Partners
Tennessee
$1.08M +$49.5K +988 +5%
Jane Street
15
Jane Street
New York
$908K -$2.31M -46,106 -72%
CAWM
16
Capital Advisors Wealth Management
Washington
$841K +$828K +16,528 New
LWMNY
17
Landmark Wealth Management (New York)
New York
$578K -$298K -5,956 -34%
FAT
18
First American Trust
California
$411K +$405K +8,077 New
WIM
19
WealthPlan Investment Management
Nebraska
$220K +$217K +4,330 New
UBS Group
20
UBS Group
Switzerland
$28.9K +$28.5K +568 New
MPW
21
MASECO Private Wealth
$2.19K +$2.15K +43 New
AWM
22
Activest Wealth Management
Florida
$1.22K +$1.2K +24 New

GMUB Hedge Fund Activity: Q3 2025 in Review

22 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Municipal Income ETF (GMUB) for Q3 2025, worth a combined $100M — up 149% from $40.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new GMUB positions and 0 closed out — a net gain of 14 holders — while 5 added to existing stakes and 3 trimmed.

The largest buyer was Stifel Financial, opening a new position worth an estimated $17.5M. The largest seller was Jane Street, cutting an estimated $2.31M.

  • 22 institutional investors held Goldman Sachs Municipal Income ETF (GMUB) as of Q3 2025, up from 8 in Q2 2025.
  • Funds reported $100M of Goldman Sachs Municipal Income ETF stock for Q3 2025, up 149% quarter-over-quarter.
  • 14 funds opened new Goldman Sachs Municipal Income ETF positions in Q3 2025 and 0 closed out, a net change of +14 holders.
  • The largest Goldman Sachs Municipal Income ETF buyer in Q3 2025 was Stifel Financial, an estimated $17.5M added.
  • The largest Goldman Sachs Municipal Income ETF seller in Q3 2025 was Jane Street, an estimated $2.31M sold.

Based on aggregated 13F filings for Q3 2025.