GOLDMAN SACHS ETF TR

Ticker: GSC CUSIP: 38149W614 Class: Exchange Traded Fund

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (6)

UNITED CAPITAL FINANCIAL ADVISORS, LLC

Value ($000) $2,840 Shares 52,249

Vise Technologies, Inc.

Value ($000) $689 Shares 12,678

MGO ONE SEVEN LLC

Value ($000) $746 Shares 13,717

OSAIC HOLDINGS, INC.

Value ($000) $1,899 Shares 34,928

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $417 Shares 7,668

FMR LLC

Value ($000) $0 Shares 1

Institution	Shares	Value ($000)
UNITED CAPITAL FINANCIAL ADVISORS, LLC	52,249	$2,840
Vise Technologies, Inc.	12,678	$689
MGO ONE SEVEN LLC	13,717	$746
OSAIC HOLDINGS, INC.	34,928	$1,899
COMMONWEALTH EQUITY SERVICES, LLC	7,668	$417
FMR LLC	1	$0

Increased Positions (8)

ORRSTOWN FINANCIAL SERVICES INC

Value ($000) $23,907 (+3.3%) Shares 439,782 (+1.3%)

GGM Financials LLC

Value ($000) $1,241 (+25.3%) Shares 22,824 (+22.8%)

COMPASS CAPITAL CORP /MA/ /ADV

Value ($000) $3,168 (+13.8%) Shares 52,662 (+1.6%)

NewEdge Advisors, LLC

Value ($000) $13,957 (+14.5%) Shares 256,744 (+12.2%)

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

Value ($000) $1,787 (+115.5%) Shares 31,461 (+101.1%)

Sanctuary Advisors, LLC

Value ($000) $4,792 (+21.3%) Shares 88,147 (+4.1%)

DAVENPORT & Co LLC

Value ($000) $271 (+24.5%) Shares 4,990 (+22.0%)

Sowell Financial Services LLC

Value ($000) $418 (+4.9%) Shares 7,687 (+2.8%)

Institution	Prev Shares	Curr Shares	Change
ORRSTOWN FINANCIAL SERVICES INC	434,146	439,782	+5,636 (+1.3%)
GGM Financials LLC	18,585	22,824	+4,239 (+22.8%)
COMPASS CAPITAL CORP /MA/ /ADV	51,835	52,662	+827 (+1.6%)
NewEdge Advisors, LLC	228,836	256,744	+27,908 (+12.2%)
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	15,647	31,461	+15,814 (+101.1%)
Sanctuary Advisors, LLC	84,701	88,147	+3,446 (+4.1%)
DAVENPORT & Co LLC	4,089	4,990	+901 (+22.0%)
Sowell Financial Services LLC	7,475	7,687	+212 (+2.8%)

Decreased Positions (10)

Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors

Value ($000) $913 (-11.3%) Shares 16,798 (-13.1%)

GOLDMAN SACHS GROUP INC

Value ($000) $53,131 (+0.2%) Shares 977,397 (-1.8%)

Coastal Bridge Advisors, LLC

Value ($000) $1,466 (-0.6%) Shares 26,961 (-2.6%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $309 (-66.4%) Shares 5,677 (-67.1%)

LPL Financial LLC

Value ($000) $5,791 (-2.9%) Shares 106,534 (-4.8%)

BANK OF AMERICA CORP /DE/

Value ($000) $7 (-94.3%) Shares 124 (-94.5%)

Gladstone Institutional Advisory LLC

Value ($000) $259 (-10.2%) Shares 4,760 (-12.0%)

Visionary Wealth Advisors

Value ($000) $631 (-1.2%) Shares 11,606 (-3.1%)

AXXCESS WEALTH MANAGEMENT, LLC

Value ($000) $568 (-1.5%) Shares 10,450 (-3.4%)

BlackRock, Inc.

Value ($000) $21 (-14.5%) Shares 380 (-16.1%)

Institution	Prev Shares	Curr Shares	Change
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors	19,329	16,798	-2,531 (-13.1%)
GOLDMAN SACHS GROUP INC	995,212	977,397	-17,815 (-1.8%)
Coastal Bridge Advisors, LLC	27,667	26,961	-706 (-2.6%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	17,237	5,677	-11,560 (-67.1%)
LPL Financial LLC	111,880	106,534	-5,346 (-4.8%)
BANK OF AMERICA CORP /DE/	2,237	124	-2,113 (-94.5%)
Gladstone Institutional Advisory LLC	5,410	4,760	-650 (-12.0%)
Visionary Wealth Advisors	11,981	11,606	-375 (-3.1%)
AXXCESS WEALTH MANAGEMENT, LLC	10,820	10,450	-370 (-3.4%)
BlackRock, Inc.	453	380	-73 (-16.1%)

Exited Positions (3)

Horizon Family Wealth, Inc.

Value ($000) $4,546 Shares 85,312

OAK HARBOR WEALTH PARTNERS, LLC

Value ($000) $1,104 Shares 20,713

CITADEL ADVISORS LLC

Value ($000) $704 Shares 13,221

Institution	Prev Shares	Prev Value ($000)
Horizon Family Wealth, Inc.	85,312	$4,546
OAK HARBOR WEALTH PARTNERS, LLC	20,713	$1,104
CITADEL ADVISORS LLC	13,221	$704