Goldman Sachs ActiveBeta Emerging Markets Equity

GEM • ARCA

Goldman Sachs ActiveBeta Emerging Markets Equity is an exchange-traded fund on ARCA. As of Q3 2025, 144 institutional investors hold shares in this ETF, with total holdings valued at $942.0M. WELLS FARGO & COMPANY/MN is the largest holder with a position valued at $156.9M.

Overview

Overview of institutional ownership in GEM as of Q3 2025

All Institutions

Institutions: 144
Value Held: $942.0M
Shares Held: 23.1M
Avg Position: $6.5M
Median Position: $418.4K

Hedge Funds

Hedge Funds: 1
Value Held: $163.0
Shares Held: 4.0
Avg Position: $163.0
Median Position: $163.0

Biggest Investors

Institutions with the largest positions in GEM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$156.9M 0.03% of portfolio	3.9M shares	Q4 2022 Held for 2y 11m	$488.50B
SigFig Wealth Management, LLC RIA/Wealth	Michael Tai Sha CEO	$130.6M 4.05% of portfolio	3.2M shares	Q4 2022 Held for 2y 11m	$3.2B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$115.2M 0.02% of portfolio	2.8M shares	Q4 2022 Held for 2y 11m	$691.34B
L LPL Financial LLC Institution	-	$80.2M 0.02% of portfolio	2.0M shares	Q4 2022 Held for 2y 11m	$340.07B
A Arvest Trust Co Institution	-	$47.4M 2.95% of portfolio	1.2M shares	Q3 2024 Held for 1y 2m	$1.6B
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	Scott Allen Hayes President	$44.5M 0.10% of portfolio	1.1M shares	Q1 2025 Held for 8 months	$43.1B
H HB Wealth Management, LLC Institution	-	$43.0M 0.29% of portfolio	1.1M shares	Q1 2025 Held for 8 months	$14.7B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$37.3M 0.01% of portfolio	915.8K shares	Q4 2022 Held for 2y 11m	$341.99B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$28.3M 0.00% of portfolio	695.7K shares	Q4 2022 Held for 2y 11m	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$21.8M 0.00% of portfolio	536.4K shares	Q4 2022 Held for 2y 11m	$1.33T

Net Capital Flow

Institutional buying and selling activity for GEM in Q3 2025

Traded: +$8.0M
Buyers: 58
Sellers: 62
Total Bought: +$42.2M
Total Sold: −$34.2M
Avg Position: $6.0M

Biggest Buyers

Institution	Net Bought	Current Position
WELLS FARGO & COMPANY/MN Institution	+$13.4M +328.4K shares	$156.9M 3.9M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$4.1M +100.4K shares	$37.3M 915.8K shares
Keebeck Wealth Management, LLC RIA/Wealth	+$2.6M +63.2K shares	$3.8M 94.1K shares
BANK OF AMERICA CORP /DE/ Institution	+$2.2M +53.4K shares	$21.8M 536.4K shares
L LPL Financial LLC Institution	+$2.1M +51.4K shares	$80.2M 2.0M shares
Vestmark Advisory Solutions, Inc. Fund of Funds	+$2.0M +50.1K shares	$2.0M 50.1K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	+$2.0M +50.1K shares	$2.0M 50.1K shares
A AMERICAN NATIONAL BANK Institution	+$2.0M +49.0K shares	$7.2M 175.9K shares
FIRST FOUNDATION ADVISORS RIA/Wealth	+$1.3M +31.8K shares	$14.8M 362.6K shares
A Advisor Group Holdings, Inc. Institution	+$1.1M +27.4K shares	$2.3M 56.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$10.8M −290.0K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$4.5M −111.7K shares	$115.2M 2.8M shares
SigFig Wealth Management, LLC RIA/Wealth	−$3.4M −83.5K shares	$130.6M 3.2M shares
H HB Wealth Management, LLC Institution	−$2.8M −68.7K shares	$43.0M 1.1M shares
J JANE STREET GROUP, LLC Institution	−$2.4M −58.4K shares	$3.0M 72.9K shares
A Apella Capital, LLC Institution	−$1.9M −46.8K shares	$12.1M 291.5K shares
A Arvest Trust Co Institution	−$1.9M −47.4K shares	$47.4M 1.2M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$1.5M −41.6K shares	Sold Off 0 shares
O OLD MISSION CAPITAL LLC Institution	−$962.8K −23.6K shares	$1.0M 25.4K shares
ARVEST INVESTMENTS, INC. RIA/Wealth	−$954.9K −23.4K shares	$17.2M 422.8K shares

Entry and Exit Activity

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

New Positions: 14
New Value: $5.1M
Exited Positions: 13
Exited Value: $12.9M

New Positions

Institution	Position Value
Mount Yale Investment Advisors, LLC RIA/Wealth	$2.0M 50.1K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	$2.0M 50.1K shares
L Legacy Advisors, LLC RIA/Wealth	$244.6K 6.0K shares
Wealthfront Advisers LLC RIA/Wealth	$226.7K 5.6K shares
E EVOKE WEALTH, LLC RIA/Wealth	$203.7K 5.0K shares
ENDEAVOR PRIVATE WEALTH, INC. RIA/Wealth	$203.0K 5.0K shares
Transamerica Financial Advisors, Inc. Institution	$72.7K 1.8K shares
R Root Financial Partners, LLC RIA/Wealth	$41.6K 1.0K shares
S Salomon & Ludwin, LLC Institution	$24.8K 600.0 shares
S SOA Wealth Advisors, LLC. Institution	$20.6K 506.0 shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.8M 290.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5M 41.6K shares
Archford Capital Strategies, LLC RIA/Wealth	$329.3K 8.8K shares
Naviter Wealth, LLC RIA/Wealth	$216.3K 5.8K shares
Investors Research Corp RIA/Wealth	$19.5K 523.0 shares
Kiker Wealth Management, LLC RIA/Wealth	$12.5K 337.0 shares
Geneos Wealth Management Inc. RIA/Wealth	$10.8K 290.0 shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$4.1K 111.0 shares
Asset Dedication, LLC RIA/Wealth	$1.7K 47.0 shares
SIGNATUREFD, LLC RIA/Wealth	$1.5K 40.0 shares

Options Activity

Institutions with the largest Call and Put options positions in GEM 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 GEM as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SigFig Wealth Management, LLC RIA/Wealth	Michael Tai Sha CEO	4.05% $130.6M	3.2M shares	Q4 2022 Held for 2y 11m	$3.2B
A Arvest Trust Co Institution	-	2.95% $47.4M	1.2M shares	Q3 2024 Held for 1y 2m	$1.6B
ARVEST INVESTMENTS, INC. RIA/Wealth	Asa Anderson Cottrell CEO	2.47% $17.2M	422.8K shares	Q4 2023 Held for 1y 11m	$697.0M
GFG Capital, LLC RIA/Wealth	Mauricio Gruener Managing Partner	2.12% $6.2M	151.0K shares	Q4 2022 Held for 2y 11m	$289.5M
Clay Northam Wealth Management, LLC RIA/Wealth	Brian Matthew Clay CCO	1.32% $2.3M	56.8K shares	Q4 2022 Held for 2y 11m	$175.1M
R RWM Asset Management, LLC RIA/Wealth	Thomas Huey Ruggie Managing Partner	0.84% $6.9M	168.7K shares	Q4 2022 Held for 2y 11m	$815.9M
A AMERICAN NATIONAL BANK Institution	-	0.71% $7.2M	175.9K shares	Q1 2023 Held for 2y 8m	$1.0B
FIRST FOUNDATION ADVISORS RIA/Wealth	John Avak Hakopian President	0.55% $14.8M	362.6K shares	Q4 2022 Held for 2y 11m	$2.7B
Strategic Investment Advisors, Inc RIA/Wealth	Alan Remy Leist CEO	0.48% $9.6M	236.7K shares	Q4 2022 Held for 2y 11m	$2.0B
S SPINNAKER TRUST Institution	-	0.46% $8.2M	201.7K shares	Q1 2023 Held for 2y 8m	$1.8B

Hedge Fund Spotlight

Discover hedge funds investing in GEM

GABLES CAPITAL MANAGEMENT INC.

Hedge Fund • Long/Short

Portfolio ManagerJudith Cohen Neiwirth

Portfolio Value: $233.4M
Positions: 457
Last Reported: Q3 2025

Sector Allocation

Position in Goldman Sachs ActiveBeta Emerging Markets Equity

Market Value: $163.0
Shares Held: 4.0
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$20.6M	8.84%
2 Apple AAPL	Consumer Electronics Technology	$14.7M	6.30%
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$13.4M	5.74%