Goldman Sachs Sees Increased Stake from Mission Wealth Management LP

Mission Wealth Management LP significantly increased its stake in Goldman Sachs Group Inc. during Q2 by purchasing an additional 4,997 shares.

The fund now owns 9,953 shares of GS stock worth $10,066,000 as per the latest SEC filing.

This is not the only instance of a hedge fund increasing its stake in Goldman Sachs; Myriad Asset Management Advisors LLC also increased its stake by 20.8% during Q2, purchasing an additional 919 shares.

The investment management company recently reported quarterly earnings that exceeded analyst estimates, with a net margin of 15.53% and a return on equity of 19.16%. The company's revenue for the quarter was $20.34 billion, up 39.4% compared to the same period last year.