GEM · Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF · Holdings ETF

$48.46 +0.08 (+0.17%) At close · Oct 20

Volume · Oct 20 159.92K Avg daily vol (3M) 126.99K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 35

Total Value: $231,484,720

Total Shares: 4,530,034

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 35 13F filers · Δ vs Jun 30, 2026

Top Holder

72.3%

+58.9 pts

Top 5

88.4%

+38.6 pts

Top 10

94.7%

+26.2 pts

HHI

5,308

Highly concentrated+4,677

Who Holds GEM

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 204 filers, like-for-like change +13.5%; actively managed books +14.9%; index-like books +6.7%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	46.1%	131	+17.7%	22	6
Exempt adviser	0.5%	1	-10.2%	0	0
Adviser	0.0%	1	new	1	0
Bank	18.2%	12	+5.9%	0	0
Broker-dealer	6.7%	1	+6.5%	0	0
Benefit plan	3.3%	1	0.0%	0	0
Holding company	13.0%	6	+8.8%	0	0
Insurer	0.0%	0	—	0	0
Unknown	12.2%	51	+26.0%	8	4

Style	Share	Filers	Change	New	Exited
Index-like	16.3%	6	+6.7%	0	0
Systematic-like	0.5%	1	-27.7%	0	1
Concentrated	23.4%	57	-0.8%	10	4
Diversified active	59.9%	140	+23.0%	21	4
Unknown	0.0%	0	-100.0%	0	1
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	93.5%	159	+11.4%	21	5
Medium turnover	3.1%	28	+3.4%	7	2
High turnover	3.2%	4	+208.6%	2	2
Unknown	0.2%	13	+27.8%	1	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	0.3%	11	-27.6%	1	1
Medium horizon	10.9%	36	+14.3%	5	6
Long horizon	87.9%	150	+13.8%	23	3
Unknown	0.9%	7	-5.9%	2	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	3.8%	65	+0.5%	11	8
$1B to $10B	24.4%	70	+3.6%	12	1
$10B to $100B	20.3%	43	+5.2%	4	0
$100B or more	51.5%	26	+24.1%	4	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	45.7%	125	+18.7%	21	5
Pension and profit sharing plans	0.1%	2	+13.8%	0	0
Corporations	0.2%	2	-50.4%	0	0
Diversified	0.0%	2	+333.9%	1	0
Pooled investment vehicles	0.0%	0	-100.0%	0	1
Other investment advisers	0.0%	0	—	0	0
Unknown	53.9%	73	+10.1%	9	4

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.6%	6	-17.6%	2	1
Private equity funds	2.9%	7	-4.9%	2	0
Real estate funds	0.1%	3	+2167.3%	1	0
Securitized asset funds	0.0%	1	-30.0%	0	0
Other private funds	0.4%	7	+0.8%	0	0
Mixed private funds	0.0%	0	—	0	0
Private funds, type not stated	0.8%	2	-2.5%	0	0
No private funds	41.7%	106	+20.5%	17	5
Unknown	53.5%	72	+10.3%	9	4

Location	Share	Filers	Change	New	Exited
United States	97.2%	198	+14.0%	31	10
Outside the US	2.8%	6	-3.7%	0	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 3 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

204 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

16.7% of filers hold it in their top 10

Mar 31, 2026: 32

Holders above 5%

median weight 0.007%

Mar 31, 2026: 1

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

68.5%

of 13F shares, Herfindahl 0.063

Active holders

+14.9%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 20.4 quarters

Under 1 year 6.32% 1 to 3 years 18.7% 3 years or more 75.0% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$38.44

estimated per share

Mar 31, 2026: $35.50

Quarter-end price

$52.00

implied by 13F values

Estimated gain or loss

+35.3%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 20.6% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -169

Institutional value: -86.4%

Shares held: -86.1%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small Asset Advisors Investment Management, LLC	+14,858	92,687
Mid CoreCap Advisors, LLC	+3,588	159,313
Small Worth Financial Advisory Group, LLC	+3,185	17,607
Small Mengis Capital Management, Inc.	+2,382	27,496
Small TRUE Private Wealth Advisors	+2,235	29,447

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid SigFig Wealth Management, LLC	−82,922	3,274,394
Mid AMERICAN NATIONAL BANK & TRUST	−11,008	248,987
Mid Apella Capital, LLC	−7,537	231,229
Small Elmwood Wealth Management, Inc.	−2,663	22,387
Mid ATWOOD & PALMER INC	−1,775	41,918

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Legacy Advisory Services, LLC	8,339	$426,122
Mid Turtle Creek Wealth Advisors, LLC	982	$50,180
Mid IFP Advisors, Inc	13	$664

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Mid Annex Advisory Services, LLC	6,939	$360,828
Small WORLD EQUITY GROUP, INC.	4,076	$211,952
Small Archford Capital Strategies, LLC	3,920	$203,840
Small ADAMSBROWN WEALTH CONSULTANTS LLC	3,916	$203,632
Small Cornerstone Planning Group LLC	2,179	$113,308

Filter: New 3 Increased 11 Reduced 13 Sold out 7 Unchanged 8

Holder type: Registered adviser 27 Unknown 8

Showing 35 of 35

All Common Calls Puts

Compact Export CSV

Holder	Value (USD)	% of 13F	Shares	Own %	Change	Type	Filed
Mid SigFig Wealth Management, LLC Registered adviser GEM	$167,321,533	72.28%	3,274,394	—	-82,922 -2.5%	Shares	2026-10-07
Mid AMERICAN NATIONAL BANK & TRUST GEM	$12,723,235	5.50%	248,987	—	-11,008 -4.2%	Shares	2026-10-07
Mid Apella Capital, LLC GEM	$11,815,801	5.10%	231,229	—	-7,537 -3.2%	Shares	2026-10-08
Mid CoreCap Advisors, LLC Registered adviser GEM	$8,140,894	3.52%	159,313	—	+3,588 +2.3%	Shares	2026-10-08
Small Asset Advisors Investment Management, LLC Registered adviser GEM	$4,736,305	2.05%	92,687	—	+14,858 +19.1%	Shares	2026-10-19
Small GFG Capital, LLC Registered adviser GEM	$3,551,347	1.53%	69,498	—	-1,072 -1.5%	Shares	2026-10-16
Mid 1900 WEALTH MANAGEMENT LLC Registered adviser GEM	$3,421,451	1.48%	66,956	—	+123 +0.2%	Shares	2026-10-13
Small Clay Northam Wealth Management, LLC Registered adviser GEM	$3,386,243	1.46%	66,267	—	+1,750 +2.7%	Shares	2026-10-13
Mid ATWOOD & PALMER INC Registered adviser GEM	$2,142,009	0.93%	41,918	—	-1,775 -4.1%	Shares	2026-10-08
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC GEM	$1,930,966	0.83%	37,788	—	-948 -2.4%	Shares	2026-10-13
Small TRUE Private Wealth Advisors Registered adviser GEM	$1,504,741	0.65%	29,447	—	+2,235 +8.2%	Shares	2026-10-19
Small Mengis Capital Management, Inc. GEM	$1,405,045	0.61%	27,496	—	+2,382 +9.5%	Shares	2026-10-13
Mid B. Riley Wealth Advisors, Inc. GEM	$1,180,154	0.51%	23,095	—	+1,126 +5.1%	Shares	2026-10-13
Small Elmwood Wealth Management, Inc. Registered adviser GEM	$1,143,975	0.49%	22,387	—	-2,663 -10.6%	Shares	2026-10-14
Small Portfolio Resources Advisor Group, Inc. Registered adviser GEM	$972,790	0.42%	19,037	—	-145 -0.8%	Shares	2026-10-20
Small Worth Financial Advisory Group, LLC Registered adviser GEM	$899,717	0.39%	17,607	—	+3,185 +22.1%	Shares	2026-10-19
Mid Syntegra Private Wealth Group, LLC Registered adviser GEM	$872,839	0.38%	17,081	—	-607 -3.4%	Shares	2026-10-13
Small Beacon Financial Advisory LLC Registered adviser GEM	$594,088	0.26%	11,626	—	+1,289 +12.5%	Shares	2026-10-16
Large Farther Finance Advisors, LLC Registered adviser GEM	$589,336	0.25%	11,533	—	+161 +1.4%	Shares	2026-10-08
Small Legacy Advisory Services, LLC Registered adviser GEM	$426,122	0.18%	8,339	—	New	Shares	2026-10-20
Mid Wedmont Private Capital GEM	$415,749	0.18%	8,136	—	0 0.0%	Shares	2026-10-09
Mid PRIVATE TRUST CO NA GEM	$392,294	0.17%	7,677	—	-11 -0.1%	Shares	2026-10-20
Small Maia Wealth LLC GEM	$345,538	0.15%	6,762	—	-1,770 -20.7%	Shares	2026-10-19
Small FLAGSTAR ADVISORS INC Registered adviser GEM	$337,362	0.15%	6,602	—	0 0.0%	Shares	2026-10-15
Mid Kathmere Capital Management, LLC Registered adviser GEM	$328,726	0.14%	6,433	—	0 0.0%	Shares	2026-10-20
Mid SteelPeak Wealth, LLC Registered adviser GEM	$317,893	0.14%	6,221	—	-128 -2.0%	Shares	2026-10-16
Small Legacy Advisors, LLC Registered adviser GEM	$268,632	0.12%	5,257	—	-110 -2.0%	Shares	2026-10-19
Small Cambridge Advisors Inc. Registered adviser GEM	$240,170	0.10%	4,700	—	0 0.0%	Shares	2026-10-19
Mid Turtle Creek Wealth Advisors, LLC Registered adviser GEM	$50,180	0.02%	982	—	New	Shares	2026-10-15
Small BROWN, LISLE/CUMMINGS, INC. Registered adviser GEM	$14,665	0.01%	287	—	+193 +205.3%	Shares	2026-10-16
Small Activest Wealth Management Registered adviser GEM	$4,701	0.00%	92	—	0 0.0%	Shares	2026-10-15
Small Realta Investment Advisors Registered adviser GEM	$4,599	0.00%	90	—	0 0.0%	Shares	2026-10-14
Small Breakwater Investment Management Registered adviser GEM	$3,832	0.00%	75	—	0 0.0%	Shares	2026-10-20
Small WEST PACES ADVISORS INC. Registered adviser GEM	$1,124	0.00%	22	—	0 0.0%	Shares	2026-10-13
Mid IFP Advisors, Inc Registered adviser GEM	$664	0.00%	13	—	New	Shares	2026-10-16
Mid Annex Advisory Services, LLC Registered adviser GEM	$360,828	0.16%	6,939	—	Sold Out	Shares	2026-07-10
Small WORLD EQUITY GROUP, INC. Registered adviser GEM	$211,952	0.09%	4,076	—	Sold Out	Shares	2026-07-09
Small Archford Capital Strategies, LLC Registered adviser GEM	$203,840	0.09%	3,920	—	Sold Out	Shares	2026-07-17
Small ADAMSBROWN WEALTH CONSULTANTS LLC Registered adviser GEM	$203,632	0.09%	3,916	—	Sold Out	Shares	2026-07-09
Small Cornerstone Planning Group LLC Registered adviser GEM	$113,308	0.05%	2,179	—	Sold Out	Shares	2026-07-29
Small Cape Investment Advisory, Inc. Registered adviser GEM	$4,420	0.00%	85	—	Sold Out	Shares	2026-07-23
Mid AdvisorNet Financial, Inc Registered adviser GEM	$1,924	0.00%	37	—	Sold Out	Shares	2026-07-23
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