Goldman Sachs Share Sell-Off: Wellspring Reduces Stake by Two-Thirds

The Goldman Sachs Group Inc. ($GS) has seen changes in its share ownership among institutional investors, including Wellspring Financial Advisors LLC.

Wellspring Financial Advisors LLC reduced its stake in The Goldman Sachs Group by 70.6% during the second quarter, according to a recent filing with the Securities and Exchange Commission.

The firm sold 10,178 shares of the investment management company's stock during this period, bringing its total holdings down from 14,426 shares to 4,248 shares.

As a result of this sale, The Goldman Sachs Group accounts for approximately 0.1% of Wellspring Financial Advisors LLC's investment portfolio, making it the firm's 28th largest holding in the company.