Brasada Capital Management LP Acquires Stake in The Goldman Sachs Group
Brasada Capital Management LP has acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) worth approximately $1,011,000.
The investment management company bought 1,000 shares of GS's stock during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
Several other hedge funds and institutional investors also added to or reduced their stakes in The Goldman Sachs Group during the same period. BlackRock Inc. purchased a new position valued at $24,172,123,000, while Bank of America Corp DE bought a new position worth about $6,756,772,000.
The SEC has launched an investigation into margin lending to hedge fund Situational Awareness, which reportedly suffered a 67% drawdown during an AI-stock sell-off. This probe puts leverage and risk-management practices back under scrutiny for major banks like GS.