Style
CoreTurnover
Orientation
Diversified activeGoldman Sachs employs a large-cap, growth-oriented investment style anchored in conviction-driven stock selection, as evidenced by a top-heavy portfolio where the five largest holdings—NVIDIA, Apple, SPY, Microsoft, and Alphabet—account for roughly 11.9% of assets, led by NVIDIA at 3.6% and Apple at 3.1%. The portfolio leans heavily on technology (22.8%) alongside a significant 24.1% unclassified allocation, suggesting active management and proprietary sector designations, while holdings in SPY, VOO, and IVV totaling 4.7% indicate a tactical use of broad-market ETFs for liquidity or beta exposure. With assets under management growing from $634.4B in Q4 2024 to $870.9B in Q1 2026 and positions expanding from 12,623 to 13,579, the manager demonstrates strong conviction in scaling its core picks—Microsoft, Amazon, and Broadcom among them—while maintaining sufficient diversification across financials, healthcare, and energy to mitigate single-sector risk.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 192,146,665 | $38.4B | 3.34% |
| 2 | Apple Inc(AAPL) | 111,744,105 | $32.3B | 2.81% |
| 3 | Microsoft Corp(MSFT) | 63,933,083 | $23.8B | 2.07% |
| 4 | State STR Spdr S&P 500 ETF T(SPY) | 31,515,905 | $23.5B | 2.04% |
Latest filing, equity positions only
| 5 |
| Alphabet Inc(GOOGL) |
| 58,584,981 |
| $20.9B |
| 1.82% |
| 6 | Micron Technology Inc(MU) | 18,088,606 | $20.9B | 1.81% |
| 7 | Amazon COM Inc(AMZN) | 68,161,583 | $16.2B | 1.41% |
| 8 | Broadcom Inc(AVGO) | 39,180,084 | $14.8B | 1.29% |
| 9 | Tesla Inc(TSLA) | 31,060,669 | $13.1B | 1.13% |
| 10 | Meta Platforms Inc(META) | 20,939,652 | $11.8B | 1.02% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 23.05% | 27.98% | +4.93% |
| Unclassified | 22.25% | 20.96% | -1.29% |
| Energy | 4.63% | 3.7% | -0.93% |
| Consumer Cyclical | 8.04% | 7.3% | -0.74% |
| Communication Services | 7.28% | 6.79% | -0.49% |
| Basic Materials | 2.27% | 1.82% | -0.45% |
| Financial Services | 9.77% | 9.36% | -0.41% |
| Consumer Defensive | 3.71% | 3.38% | -0.33% |
| Healthcare | 7.99% | 7.68% | -0.31% |
| Industrials | 7.1% | 7.27% | +0.17% |
| Utilities | 2.05% | 1.96% | -0.09% |
| Real Estate | 1.84% | 1.8% | -0.04% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 36.11% | 37.67% | +1.56% |
| Large Cap | 34.35% | 33.8% | -0.55% |
| Unclassified | 22.25% | 20.97% | -1.28% |
| Mid Cap | 5.75% | 5.99% | +0.24% |
| Small Cap | 1.47% | 1.5% | +0.03% |
| Micro Cap | 0.07% | 0.08% | +0.01% |
Quarter-over-quarter position changes