Vanguard Discloses 18.4% Stake in Goldman Sachs as of Dec 29, 2023

TL;DR

**Vanguard owns 18.4% of Goldman Sachs, a huge institutional stake.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, indicating a change in its ownership stake in The Goldman Sachs Group Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 60,677,914 shares of Goldman Sachs common stock, representing 18.4% of the company. This filing updates their previous disclosures and is important for investors as it shows a significant institutional holder's current position, which can influence market perception and stock stability.

Why It Matters

This filing reveals Vanguard's updated, substantial ownership in Goldman Sachs, signaling their continued confidence (or lack thereof) in the company's long-term prospects, which can influence other institutional and retail investors.

Risk Assessment

Risk Level: low — This filing primarily updates an existing significant ownership stake by a major institutional investor, which generally indicates stability rather than immediate risk.

Analyst Insight

Investors should note Vanguard's continued substantial stake in Goldman Sachs, which suggests long-term institutional confidence. While not a direct buy signal, it provides a data point on major institutional holdings that can contribute to a broader investment thesis.

Key Numbers

• 60,677,914 — Shares Beneficially Owned (Represents the total number of Goldman Sachs common stock shares Vanguard holds.)
• 18.4% — Percentage of Class (Indicates Vanguard's significant ownership proportion of Goldman Sachs' common stock.)
• 38141G104 — CUSIP Number (Identifies the specific class of securities (Goldman Sachs Common Stock) being reported.)
• December 29, 2023 — Date of Event (The specific date as of which Vanguard's ownership stake is being reported.)
• 8 — Amendment Number (Shows this is the eighth amendment to Vanguard's Schedule 13G filing for Goldman Sachs.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and beneficial owner of Goldman Sachs shares
• The Goldman Sachs Group Inc (company) — the issuer whose securities are being reported
• 60,677,914 (dollar_amount) — the number of shares beneficially owned by Vanguard
• 18.4% (dollar_amount) — the percentage of Goldman Sachs' common stock owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring this filing

Forward-Looking Statements

• Vanguard will maintain a significant, albeit potentially fluctuating, ownership stake in Goldman Sachs over the next year. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0076-goldmansachsgroupinct.htm (SC 13G/A) — 11KB
• 0001104659-24-020068.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Goldman Sachs Group Inc/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 200 West Street New York, NY 10282-2102

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 38141G104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR