Keebeck Expands ETF Investments
Keebeck Wealth Management Significantly Expands Holdings in Goldman Sachs ETFs Across Multiple Products
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Key Points
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In GCOR, multiple institutions expanded their stakes in the first quarter beyond Keebeck, with Cetera Investment Advisers increasing to 895,060 shares (about $36.98 million), Bank of New York Mellon Corp rising to 116,683 shares, Sanctuary Advisors LLC lifting to 32,679 shares (up 33.0%), and Kestra Advisory Services LLC boosting to 6,917 shares (up 96.9%).
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GSLC saw a dramatic, pro‑investor move from Liberty One Investment Management LLC, which boosted its stake by 1,365.0% to 13,405 shares; Cetera Investment Advisers expanded to 1,012,508 shares; and Dynamic Wealth Strategies LLC increased its GSLC holdings to 27,808 shares.
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GSID activity included Elevation Point Wealth Partners LLC increasing its stake by 67.1% to 176,787 shares (roughly $12.36 million); Private Advisor Group LLC opened a new GSID position worth about $633,000; and LPL Financial LLC added about 73,055 shares valued at roughly $5.06 million.
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Wills Financial Group LLC opened a new position in GSST Ultra Short Bond ETF, acquiring 50,465 shares valued at approximately $2.55 million in the first quarter.
Keebeck Wealth Management more than doubled its stake in the Goldman Sachs GCOR U.S. Aggregate Bond ETF during the first quarter, boosting its position by 170.7% to 488,803 shares worth roughly $20.2 million, according to Ticker Report. The move makes GCOR Keebeck's sixth-largest holding, representing about 2.3% of its total portfolio.
The purchase is part of a broader wave of institutional buying across Goldman Sachs ETFs. Multiple firms added to positions in GCOR, GSLC, GSID, and GSST during the same period, signaling strong appetite for Goldman's fund lineup across different risk levels.
Keebeck Doubles Down on GCOR Bond ETF
Keebeck's GCOR stake jumped from an estimated 180,000 shares to 488,803 shares in a single quarter. The position is now valued at about $20.2 million. The firm also holds Goldman Sachs common stock, increasing that position by 43.6% to 1,703 shares worth roughly $1.44 million, according to Watchlist News.
Beyond GCOR, Keebeck expanded in two other Goldman ETFs. It grew its GSLC ActiveBeta U.S. Large Cap Equity ETF stake by 9% to 68,586 shares, valued at about $8.6 million. It also opened a brand-new position in the GSID MarketBeta International Equity ETF, buying 46,244 shares worth around $3.23 million.
Other Big Firms Pile Into GCOR Alongside Keebeck
Keebeck was far from alone in buying GCOR. Cetera Investment Advisers now holds 895,060 shares worth about $36.98 million, making it the largest known GCOR holder in this wave of buying. Bank of New York Mellon Corp raised its stake to 116,683 shares, according to Ticker Report.
Sanctuary Advisors LLC lifted its GCOR position by 33.0% to 32,679 shares. Kestra Advisory Services LLC nearly doubled its stake, up 96.9% to 6,917 shares. The pattern across firms points to growing demand for investment-grade bond exposure through a low-cost ETF wrapper.
GSLC and GSID Draw Sharp Institutional Interest
The GSLC Large Cap Equity ETF saw one of the quarter's most dramatic moves. Liberty One Investment Management LLC surged its stake by 1,365.0% to 13,405 shares. Cetera Investment Advisers expanded to 1,012,508 GSLC shares. Dynamic Wealth Strategies LLC also grew its position to 27,808 shares, according to Ticker Report.
Activity in the GSID International Equity ETF was just as busy. Elevation Point Wealth Partners LLC boosted its stake by 67.1% to 176,787 shares worth roughly $12.36 million. LPL Financial LLC added about 73,055 shares valued at $5.06 million. Private Advisor Group LLC opened a fresh position worth about $633,000.
Wills Financial Opens New Ultra-Short Bond Position
Rounding out the Goldman ETF buying spree, Wills Financial Group LLC opened a new stake in the GSST Ultra Short Bond ETF. The firm bought 50,465 shares worth approximately $2.55 million in the first quarter. GSST targets very short-term bonds — meaning low risk, low yield, and near-cash stability.
Taken together, the buying across GCOR, GSLC, GSID, and GSST shows institutions adding Goldman Sachs ETFs across the full risk spectrum — from ultra-safe short-term bonds to international equities. It reflects broad confidence in Goldman's passive and rules-based fund offerings heading into mid-2025.
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