智通财经网·2026-02-11 11:26Core Viewpoint - Goldman Sachs (GS.US) reported a total market value of $810 billion in its Q4 2025 13F filing, reflecting a decrease of approximately 1.22% from the previous quarter's $820 billion [1][2]. Holdings Summary - The total number of new stock purchases in Q4 was 671, with 3,027 stocks added to existing positions and 555 stocks sold out [1][2]. - The top ten holdings accounted for 22.11% of the total market value [2]. Top Holdings - Nvidia (NVDA.US) was the largest holding with approximately 166.66 million shares valued at about $31.08 billion, representing 3.83% of the portfolio, a decrease of 0.82% from the previous quarter [3][4]. - Apple (AAPL.US) ranked second with around 90.99 million shares valued at approximately $26.94 billion, increasing its portfolio percentage by 2.60% to 3.32% [3][4]. - Microsoft (MSFT.US) was third with about 51.36 million shares valued at approximately $24.84 billion, a decrease of 5.86% to 3.06% of the portfolio [3][4]. - The SPDR S&P 500 ETF (SPY.US) was fourth with around 32.92 million shares valued at approximately $22.45 billion, down 9.01% to 2.77% of the portfolio [3][4]. - Alphabet Inc. (GOOGL.US) was fifth with approximately 52.19 million shares valued at about $16.34 billion, increasing its portfolio percentage by 1.47% to 2.01% [3][4]. Trading Activity - The turnover rate for the portfolio was 17.6%, with a lower alternative turnover rate of 10.29% [2]. - The average holding period for the top 20 stocks was 17.35 quarters, while the top 10 stocks had an average holding period of 24.4 quarters [2]. Cryptocurrency Exposure - Goldman Sachs disclosed a significant exposure to cryptocurrencies, holding over $2.36 billion in digital assets, which accounted for 0.33% of its reported investment portfolio [6][7]. - The bank held approximately 21.2 million shares of various spot Bitcoin ETFs valued at $1.06 billion, a decrease of 39.4% from the previous quarter [10]. - The bank also held about 40.7 million shares of spot Ethereum ETFs valued at approximately $1 billion, down 27.2% from the previous quarter [10].