GOLDMAN SACHS ETF TR

Ticker: GBND CUSIP: 38149W473 Class: CORE BOND ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

UNITED CAPITAL FINANCIAL ADVISORS, LLC

Value ($000) $47,480 Shares 934,273

MGO ONE SEVEN LLC

Value ($000) $6,164 Shares 121,297

Mount Yale Investment Advisors, LLC

Value ($000) $1,803 Shares 35,333

Vestmark Advisory Solutions, Inc.

Value ($000) $2,218 Shares 43,645

Institution	Shares	Value ($000)
UNITED CAPITAL FINANCIAL ADVISORS, LLC	934,273	$47,480
MGO ONE SEVEN LLC	121,297	$6,164
Mount Yale Investment Advisors, LLC	35,333	$1,803
Vestmark Advisory Solutions, Inc.	43,645	$2,218

Decreased Positions (2)

GOLDMAN SACHS GROUP INC

Value ($000) $7,623 (-45.6%) Shares 150,000 (-45.5%)

BANK OF AMERICA CORP /DE/

Value ($000) $2,157 (-43.6%) Shares 42,444 (-43.4%)

Institution	Prev Shares	Curr Shares	Change
GOLDMAN SACHS GROUP INC	275,000	150,000	-125,000 (-45.5%)
BANK OF AMERICA CORP /DE/	75,000	42,444	-32,556 (-43.4%)

Exited Positions (2)

CITADEL ADVISORS LLC

Value ($000) $2,298 Shares 45,101

JANE STREET GROUP, LLC

Value ($000) $236 Shares 4,629

Institution	Prev Shares	Prev Value ($000)
CITADEL ADVISORS LLC	45,101	$2,298
JANE STREET GROUP, LLC	4,629	$236