Goldman Sachs Hedge Industry VIP ETF
GVIP
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 200 West Street New York NY United States of America 10282
- IPO Date
- Nov 11, 2016
- CIK
- 0001479026
- Website
- am.gs.com
- Similar Companies
- Business
- Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Goldman Sachs Hedge Fund VIP Index. The index comprises an equal-weighted basket of approximately 50 U.S. equity securities that appear most frequently among the top 10 long positions of fundamentally-driven hedge fund managers, as disclosed in quarterly 13F filings; the fund rebalances quarterly on the sixth NYSE trading day following the SEC-mandated 45-day disclosure period, with recent rebalances occurring on May 23, 2025, and August 22, 2025, incorporating additions such as Skechers USA Inc (SKX), Insmed Inc (INSM), SharkNinja Inc (SN), Western Digital Corp (WDC), and Tesla Inc (TSLA), alongside deletions including Expand Energy Corp (EXE), Micron Technology Inc (MU), and PG&E Corp (PCG). Launched on November 1, 2016, GVIP is issued by Goldman Sachs ETF Trust and managed by Goldman Sachs Asset Management, L.P., headquartered in New York, New York, with assets under management of approximately $430 million as of August 2025 and a net expense ratio of 0.45%. The fund provides investors with cost-efficient exposure to hedge fund managers' high-conviction long equity ideas across diverse sectors including Information Technology (23%), Consumer Discretionary (17%), Financials (16%), and Communication Services (13%), without direct investment in hedge funds; holdings are equally weighted at 2% each at rebalance, featuring prominent names such as Amazon.com Inc (AMZN), Microsoft Corp (MSFT), Meta Platforms Inc (META), Nvidia Corp (NVDA), and Alphabet Inc (GOOGL) as of the latest update. GVIP targets institutional and retail investors seeking alpha potential as a complement to core equity allocations, with a focus on large-cap growth-oriented U.S. equities and a beta of 1.10 relative to the S&P 500 since inception; it operates primarily in the U.S. market, trading on NYSE Arca. In recent developments, GVIP has seen quarterly portfolio turnover reflecting shifts in hedge fund positioning, with the August 2025 rebalance showing outperformance of 7.26% versus the S&P 500 over the prior year and sector adjustments including net additions in Consumer Discretionary and deletions in Information Technology; meanwhile, Goldman Sachs Asset Management has expanded its broader ETF lineup in 2025 through launches such as the U.S. Large Cap Buffer 3 ETF (GBXC) in March, green and social bond ETFs targeting emerging markets in June, and active fixed income UCITS ETFs in EMEA in December, alongside increased institutional ownership flows.