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See exactly how GVIP's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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This ETF's primary objective is to mirror the investment returns generated by the Goldman Sachs Hedge Fund VIP Index.
Goldman Sachs Hedge Industry VIP ETF (GVIP) offers an equal-weight portfolio of 52 hedge fund-favored stocks, currently concentrated in technology (35.6%). GVIP has outperformed the S&P 500 since inception and its closest competitors since December 2021, but exhibits high volatility. Fundamentals are unimpressive: GVIP trades at higher valuation multiples than SPY, with similar growth rates and high portfolio turnover (137%).
Farther Finance Advisors LLC bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,509 shares of the company's stock, valued at approximately $853,000. Farther Finance Advisors LLC owned
GVIP is a passively managed vehicle offering exposure to about 50 hedge-fund darlings selected quarterly using Form 13F filings. I anticipate GVIP to underperform IVV this year owing to its strategy lag resulting from the 13F filings release schedule. Historically, GVIP performed worse than IVV in stressful conditions, including during the pandemic and the 2022 bear market, which welcomes the hypothesis that it will repeat this year.
Osaic Holdings Inc. raised its position in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 35.6% in the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,278 shares of the company's stock after buying an additional 5,321 shares during the quarter.
Goldman Sachs Hedge Industry VIP ETF tracks top hedge fund holdings, offering a high-conviction portfolio of 49 stocks. GVIP is well balanced in top sectors and has growth characteristics. GVIP is the most compelling option among similar guru ETFs based on fees, liquidity, and return.