13F filer · CIK 886982 ↗
Goldman Sachs Group Inc
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$815.35B
−0.2% on the quarter before
Positions
6,412
692 new · 575 sold out
Top 10
22.1%
of the value
Est. gain
+$8.46B
on stocks held all quarter
Est. return
+1.3%
on those stocks since Q3 2025
Positions as of Dec 31, 2025, from Goldman Sachs Group Inc's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 32% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Netflix~$2.09BAdded · 0.5% → 0.3%+22,313,957 shares
- AppleCALL~$1.89BAdded · 0.3% → 0.5%+6,938,600 underlying
- SPDR Dow Jones Indl Average~$1.61BAdded · 0.2% → 0.4%+3,350,936 shares
- TeslaCALL~$1.50BAdded · 0.1% → 0.2%+3,332,800 underlying
- Totalenergies Se~$1.50BNew · 0.0% → 0.2%+22,853,347 shares
- TSMCPUT~$1.14BAdded · 0.0% → 0.2%+3,765,900 underlying
- Ishares TrPUT~$1.10BAdded · 0.0% → 0.1%+11,398,000 underlying
- Warner Bros Discovery Inc~$1.03BAdded · 0.0% → 0.2%+35,869,659 shares
- AmazonCALL~$864.5MAdded · 0.1% → 0.2%+3,745,400 underlying
- AlphabetCALL~$844.4MAdded · 0.0% → 0.1%+2,691,000 underlying
Largest sells
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SPDR S&P 500 ETF TrPUT~$6.28BCut · 1.3% → 0.5%−9,202,406 underlying
- Invesco Qqq TrCALL~$4.09BCut · 0.7% → 0.2%−6,665,200 underlying
- SPDR S&P 500 ETF TrCALL~$3.43BCut · 0.6% → 0.2%−5,036,400 underlying
- Ishares TrPUT~$3.04BCut · 0.5% → 0.1%−12,334,600 underlying
- Tc Energy Corp~$2.85BCut · 0.4% → 0.1%−51,837,260 shares
- Invesco Qqq Tr~$2.27BCut · 0.7% → 0.4%−3,700,488 shares
- SPDR S&P 500 ETF Tr~$2.11BCut · 2.9% → 2.8%−3,099,718 shares
- Invesco Qqq TrPUT~$1.80BCut · 0.9% → 0.7%−2,936,600 underlying
- Meta~$1.59BCut · 1.6% → 1.3%−2,403,104 shares
- Microsoft~$1.53BCut · 3.5% → 3.0%−3,157,597 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCMN · shares −0.7% · price −0.0% | 3.8% | $31.11B | −$13.3M | ||||||||
| AppleCMN · shares +2.7% · price +6.8% | 3.3% | $26.96B | +$1.66B | ||||||||
| MicrosoftCMN · shares −5.8% · price −6.6% | 3.0% | $24.86B | −$1.76B | ||||||||
| SPDR S&P 500 ETF TrCMN · shares −8.6% · price +2.4% | 2.8% | $22.56B | +$520.8M | ||||||||
| AlphabetCMN · shares +1.6% · price +28.8% | 2.0% | $16.35B | +$3.60B | ||||||||
| AmazonCMN · shares +1.1% · price +5.1% | 1.8% | $14.82B | +$714.7M | ||||||||
| TeslaCMN · shares −8.2% · price +1.1% | 1.5% | $12.33B | +$137.1M | ||||||||
| BroadcomCMN · shares −9.3% · price +4.9% | 1.4% | $11.55B | +$540.4M | ||||||||
| MetaCMN · shares −13% · price −10.1% | 1.3% | $10.21B | −$1.15B | ||||||||
| Ishares TrCMN · shares +0.9% · price +2.3% | 1.2% | $9.44B | +$213.7M | ||||||||
| Vanguard Index FdsCMN · shares +9.3% · price +2.4% | 1.1% | $9.23B | +$198.6M | ||||||||
| AlphabetCMN · shares −1.9% · price +28.8% | 0.91% | $7.43B | +$1.66B | ||||||||
| Jpmorgan Chase & Co.CMN · shares −1.8% · price +2.2% | 0.86% | $7.02B | +$147.9M | ||||||||
| Eli LillyCMN · shares −11% · price +40.8% | 0.78% | $6.39B | +$1.85B | ||||||||
| NvidiaPUTCMN · shares −18% | 0.78% | $6.35B | — | ||||||||
| Visa Inc.CMN · shares −9.6% · price +2.7% | 0.66% | $5.40B | +$143.6M | ||||||||
| Invesco Qqq TrPUTCMN · shares −25% | 0.66% | $5.34B | — | ||||||||
| Berkshire Hathaway Inc DelCMN · shares +14% · price −0.0% | 0.59% | $4.78B | −$752,146 | ||||||||
| Ishares TrPUTCMN · shares −17% | 0.58% | $4.76B | — | ||||||||
| NvidiaCALLCMN · shares +19% | 0.54% | $4.38B | — | ||||||||
| AppleCALLCMN · shares +78% | 0.53% | $4.32B | — | ||||||||
| SPDR S&P 500 ETF TrPUTCMN · shares −60% | 0.52% | $4.26B | — | ||||||||
| TeslaPUTCMN · shares −16% | 0.48% | $3.95B | — | ||||||||
| Walmart IncCMN · shares +19% · price +8.1% | 0.46% | $3.75B | +$236.6M | ||||||||
| Ishares TrCMN · shares −2.1% · price +1.7% | 0.45% | $3.63B | +$61.9M | ||||||||
| Total · 6,412 positions | 100% | $815.35B | +$8.46B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2025 to Q4 2025: 4,791 stocks held throughout, up $8.46B (+1.3%).
- Alphabet+$3.60B+29%
- Eli Lilly+$1.85B+41%
- Apple+$1.66B+7%
- Alphabet+$1.66B+29%
- Micron+$1.05B+71%
- Select Sector SPDR Tr−$640.0M−49%
- Meta−$1.15B−10%
- Oracle−$1.29B−31%
- Microsoft−$1.76B−7%
- Netflix−$3.80B−92%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 21 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $1.15T+32% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $870.94B+7% | SEC ↗ |
| Q4 2025 | Mar 25, 2026 (amended) | $815.35B−0% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $817.38B+11% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $736.09B+19% | SEC ↗ |
| Q1 2025 | Jun 27, 2025 (amended) | $617.84B−3% | SEC ↗ |
| Q4 2024 | Feb 11, 2025 | $634.40B+2% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $621.07B+5% | SEC ↗ |
| Q2 2024 | Aug 13, 2024 | $591.35B+5% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $564.15B+4% | SEC ↗ |
| Q4 2023 | May 14, 2024 (amended) | $542.58B+15% | SEC ↗ |
| Q3 2023 | May 15, 2024 (amended) | $470.08B+1% | SEC ↗ |
| Q2 2023 | May 14, 2024 (amended) | $466.39B+7% | SEC ↗ |
| Q1 2023 | May 14, 2024 (amended) | $435.29B+7% | SEC ↗ |
| Q4 2022 | May 14, 2024 (amended) | $407.90B+102,967% | SEC ↗ |
| Q3 2022 | May 14, 2024 (amended) | $395.8M−1% | SEC ↗ |
| Q2 2022 | May 14, 2024 (amended) | $400.2M−100% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $476.17B−5% | SEC ↗ |
| Q4 2021 | Feb 17, 2022 (amended) | $503.62B+7% | SEC ↗ |
| Q3 2021 | Jan 20, 2022 (amended) | $471.46B+6% | SEC ↗ |
| Q2 2021 | Aug 13, 2021 | $446.39B+13% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $396.45B+2% | SEC ↗ |
| Q4 2020 | Feb 12, 2021 | $388.63B+10% | SEC ↗ |
| Q3 2020 | Nov 13, 2020 | $352.35B+7% | SEC ↗ |
| Q2 2020 | Aug 12, 2020 | $329.38B+16% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $283.84B−28% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $392.61B+13% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $346.13B−0% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $347.49B+5% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $331.01B+6% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $313.71B−19% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $387.28B+5% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $369.55B−5% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $390.88B−7% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $418.15B+2% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $408.33B+6% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $386.49B+5% | SEC ↗ |
| Q1 2017 | May 18, 2017 (amended) | $368.56B+4% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $353.62B+7% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $330.24B+8% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $306.30B+1% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $304.14B | SEC ↗ |