Goldman Sachs Dynamic California Municipal Income

GCAL • ARCX

Goldman Sachs Dynamic California Municipal Income is a publicly traded company on ARCX. As of Q3 2025, 16 institutional investors hold shares in this company, with total holdings valued at $103.3M. Miracle Mile Advisors, LLC is the largest holder with a position valued at $81.5M.

Overview

Overview of institutional ownership in GCAL as of Q3 2025

All Institutions

Institutions: 16
Value Held: $103.3M
Shares Held: 2.0M
Avg Position: $6.5M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 0
Value Held: -
Shares Held: -
Avg Position: -
Median Position: -

Biggest Investors

Institutions with the largest positions in GCAL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Miracle Mile Advisors, LLC RIA/Wealth	Bruce Wayne Milam CEO	$81.5M 1.23% of portfolio	0.00% 1.6M shares	Q3 2025 Held for 2 months	$6.6B
HPM Partners LLC RIA/Wealth	Kurt Patrick Miscinski President	$8.6M 0.01% of portfolio	0.00% 170.3K shares	Q2 2025 Held for 5 months	$61.7B
F FIRST AMERICAN TRUST CO Institution	-	$2.6M 0.19% of portfolio	0.00% 51.2K shares	Q3 2025 Held for 2 months	$1.4B
Curated Wealth Partners LLC Family Office	Richard Alan Ward Managing Partner	$2.2M 0.27% of portfolio	0.00% 42.7K shares	Q2 2025 Held for 5 months	$814.9M
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.8M 0.00% of portfolio	0.00% 35.9K shares	Q3 2025 Held for 2 months	$1.56T
FINANCIAL MANAGEMENT NETWORK INC RIA/Wealth	Matthew Michael Merwin Managing Partner	$1.2M 0.20% of portfolio	0.00% 24.0K shares	Q4 2024 Held for 11 months	$597.7M
Perigon Wealth Management, LLC RIA/Wealth	Arthur John Ambarik CEO	$1.1M 0.02% of portfolio	0.00% 21.7K shares	Q3 2025 Held for 2 months	$4.9B
W Weaver Consulting Group RIA/Wealth	Jason Michael Weaver Managing Partner	$1.0M 0.27% of portfolio	0.00% 20.2K shares	Q2 2025 Held for 5 months	$382.8M
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$1.0M 0.00% of portfolio	0.00% 20.0K shares	Q3 2024 Held for 1y 2m	$691.34B
J JANE STREET GROUP, LLC Institution	-	$909.5K 0.00% of portfolio	0.00% 17.9K shares	Q4 2024 Held for 11 months	$84.1B

Net Capital Flow

Institutional buying and selling activity for GCAL in Q3 2025

Traded: +$87.6M
Buyers: 13
Sellers: 4
Total Bought: +$90.8M
Total Sold: −$3.2M
Avg Position: $6.1M

Biggest Buyers

Institution	Net Bought	Current Position
Miracle Mile Advisors, LLC RIA/Wealth	+$81.5M +1.6M shares	$81.5M 1.6M shares
F FIRST AMERICAN TRUST CO Institution	+$2.6M +51.2K shares	$2.6M 51.2K shares
HPM Partners LLC RIA/Wealth	+$2.6M +50.5K shares	$8.6M 170.3K shares
JPMORGAN CHASE & CO Institution	+$1.8M +35.9K shares	$1.8M 35.9K shares
Perigon Wealth Management, LLC RIA/Wealth	+$1.1M +21.7K shares	$1.1M 21.7K shares
W Weaver Consulting Group RIA/Wealth	+$580.4K +11.4K shares	$1.0M 20.2K shares
Magnus Financial Group LLC RIA/Wealth	+$228.3K +4.5K shares	$228.3K 4.5K shares
Planned Solutions, Inc. RIA/Wealth	+$166.0K +3.3K shares	$568.3K 11.2K shares
FINANCIAL MANAGEMENT NETWORK INC RIA/Wealth	+$138.0K +2.7K shares	$1.2M 24.0K shares
RICHARDS, MERRILL & PETERSON, INC. RIA/Wealth	+$76.1K +1.5K shares	$76.1K 1.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$3.0M −58.2K shares	$1.0M 20.0K shares
J JANE STREET GROUP, LLC Institution	−$205.5K −4.1K shares	$909.5K 17.9K shares
Mariner Wealth Advisors, LLC RIA/Wealth	−$56.8K −1.1K shares	$249.8K 4.9K shares
UBS Group AG Institution	−$34.4K −693.0 shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GCAL in Q3 2025

New Positions: 7
New Value: $87.3M
Exited Positions: 1
Exited Value: $34.4K

New Positions

Institution	Position Value
Miracle Mile Advisors, LLC RIA/Wealth	$81.5M 1.6M shares
F FIRST AMERICAN TRUST CO Institution	$2.6M 51.2K shares
JPMORGAN CHASE & CO Institution	$1.8M 35.9K shares
Perigon Wealth Management, LLC RIA/Wealth	$1.1M 21.7K shares
Magnus Financial Group LLC RIA/Wealth	$228.3K 4.5K shares
RICHARDS, MERRILL & PETERSON, INC. RIA/Wealth	$76.1K 1.5K shares
B BLAIR WILLIAM & CO/IL Institution	$10.4K 205.0 shares

Exited Positions

Institution	Previous Position
UBS Group AG Institution	$34.4K 693.0 shares

Options Activity

Institutions with the largest Call and Put options positions in GCAL as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with GCAL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Miracle Mile Advisors, LLC RIA/Wealth	Bruce Wayne Milam CEO	1.23% $81.5M	0.00% 1.6M shares	Q3 2025 Held for 2 months	$6.6B
W Weaver Consulting Group RIA/Wealth	Jason Michael Weaver Managing Partner	0.27% $1.0M	0.00% 20.2K shares	Q2 2025 Held for 5 months	$382.8M
Curated Wealth Partners LLC Family Office	Richard Alan Ward Managing Partner	0.27% $2.2M	0.00% 42.7K shares	Q2 2025 Held for 5 months	$814.9M
FINANCIAL MANAGEMENT NETWORK INC RIA/Wealth	Matthew Michael Merwin Managing Partner	0.20% $1.2M	0.00% 24.0K shares	Q4 2024 Held for 11 months	$597.7M
Planned Solutions, Inc. RIA/Wealth	Chase W Armer President	0.20% $568.3K	0.00% 11.2K shares	Q2 2025 Held for 5 months	$283.0M
F FIRST AMERICAN TRUST CO Institution	-	0.19% $2.6M	0.00% 51.2K shares	Q3 2025 Held for 2 months	$1.4B
RICHARDS, MERRILL & PETERSON, INC. RIA/Wealth	Steven Richard Larson Chairman	0.03% $76.1K	0.00% 1.5K shares	Q3 2025 Held for 2 months	$231.3M
Perigon Wealth Management, LLC RIA/Wealth	Arthur John Ambarik CEO	0.02% $1.1M	0.00% 21.7K shares	Q3 2025 Held for 2 months	$4.9B
Magnus Financial Group LLC RIA/Wealth	Michael Scott Schwartz CEO	0.02% $228.3K	0.00% 4.5K shares	Q3 2025 Held for 2 months	$1.2B
HPM Partners LLC RIA/Wealth	Kurt Patrick Miscinski President	0.01% $8.6M	0.00% 170.3K shares	Q2 2025 Held for 5 months	$61.7B