GOLDMAN SACHS GROUP INC

Goldman Sachs Group's Q1 2026 institutional footprint — roughly 2,800 holders and $130B in reported value — places it among the most broadly-held financial-services names outside the money-center bank tier. Goldman's distinctive position in the institutional landscape comes from its capital-markets sensitivity: unlike JPMorgan or Bank of America, which are primarily deposit-funded commercial lenders, Goldman's revenue is correlated with M&A advisory, equity underwriting, and trading activity. The top-holder snapshot shows Capital Research and T. Rowe Price as the most prominent active advocates, with the usual passive large-cap overlay. The analytical tension for Goldman holders is cyclical: when capital-markets activity is strong (IPO windows open, M&A volumes high, equity issuance elevated), Goldman's revenue and earnings outperform commercial-bank peers; when markets are quiet, the revenue drop is sharp and the stock underperforms.