DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Institutional manager

Goldman Sachs Asset Management

Institutional managerprobableNYCRD 283221
Advisory clients on the tape
11
Schedule C, ACFR
Public-system clients
0
ACFR and seeds
ADV institutional clients
852
filed Aug 21, 2026
ADV institutional RAUM
$531B
pension, government, charity, insurance, sovereign
ADV discretionary RAUM
$2570B
Item 5.F
Classification basis: Form ADV 5.G(6) pension consulting; institutional RAUM share 0.30; discretionary RAUM $2570B. An OCIO holds discretion over at least $5B of institutional assets; a consultant advises.
Advisory clients
11 allocators
Other roles
2 allocators
Schedule C rows
215 rows, $105M direct compensation as filed
PlanPlan yearCodesRelationship as filedDirect compensation
Liberty Mutual Retirement Benefit Plan202428 51 56NONE$6.2M
Retirement Plan for Employees of Aetna Inc.202427 51 56OCIO$3.5M
BD Retirement Plan202428 51 56 68INVESTMENT MANAGEMENT$2.7M
Westrock Company Consolidated Pension Plan202428 51NONE$2.6M
Discover Financial Services Pension Plan202428 51 56NONE$1.2M
Kpmg Pension Plan202428 51 56NONE$1.2M
Ecolab Pension Plan202428 51 56INVESTMENT MANAGER$1.1M
The Citigroup Pension Plan202428 50 51NONE$1.1M
Cargill, Inc. and Associated Companies Salaried Employees Pension Plan202427 51 68NONE$1.0M
Chick-Fil-A, Inc. Defined Benefit Pension Plan202428NONE$974,215
Christian School Pension Plan and Trust Fund202428 50 51 52 56NONE KNOWN$870,843
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees202428 50 51 56NONE$811,570
Pension Plan of American Society for Testing and Materials202428 50 51 52 56 63 68INVESTMENT MANAGEMENT$808,311
Hsbc - North America (U.S.) Pension Plan202428 50 51 56NONE$799,845
Ceridian Retirement Plan202427INVESTMENT MGMT$776,523
Graybar Electric Company, Inc. Pension Plan202428 51INVESTMENT MANAGEMENT$690,321
Kpmg Partner Pension Plan202428 51 56NONE$668,256
Employees' Retirement Plan of Consolidated Electrical Distributors, Inc.202428 51 52 56 68NONE$660,853
DOW Employees' Pension Plan202428 50 51 52 56NONE KNOWN$627,262
NEW Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees202428 50 51 56NONE$615,085
The Bank of America Pension Plan202428 50 51 56 68NONE$530,872
Thomson Reuters Group Pension Plan202428 51 52 56INVESTMENT MANAGER$481,758
Retirement Income Plan for the Employees of National Railroad Passenger Corporation202428 50 51NONE$459,231
Altria Retirement Plan202428 51INVESTMENT MANAGER$408,463
Target Corporation Pension Plan202428 51 56INVESTMENT MANAGEMENT$407,028
Metallus Inc. Bargaining Unit Pension Plan202428 50$401,567
Lufthansa German Airlines Pension Plan for United States Employees202428 50 51 52 56NONE$338,177
Windstream Pension Plan202428 51 56N/A$329,335
Wolverine Employees' Pension Plan202428 51 56INVESTMENT MANAGER$319,950
Retirement Plan for Employees of Devon Energy Corporation202428 51 56NONE$317,480
The Hertz Corporation Account Balance Defined Benefit Pension Plan202428 51 56NONE$309,533
Niagara Mohawk Pension Plan202428 50NONE$308,174
Retirement Plan for Employees of Muscular Dystrophy Association, Inc.202428 51 56NONE$298,846
Factory Mutual Insurance Company Pension Plan202428 51NONE$297,450
Cargill, Inc. and Associated Companies Pension Plan for Union Represented Hourly Wage Employees202427 51 68NONE$275,728
Standard Retirement Plan - Home Office Personnel202428 51 56NONE$260,257
SGS North America Inc. Pension Plan202428NONE$255,283
The Timken-Latrobe-Mpb-Torrington Retirement Plan202428 51NONE$248,100
NEW Century Energies, Inc. Retirement Plan for Southwestern Public Service Co. Bargaining Unit Ee and Former Non-Bargaining Unit Employees202428 50 51 56NONE$242,809
Moody's Corporation Retirement Account202427 50 51 56 70INVESTMENT ADVISOR$201,000
MSG Entertainment Holdings, LLC Cash Balance Pension Plan202428 51 56NONE$198,629
Usaa Pension Plan202428 50 51NONE$183,347
Retirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and Affiliates202428 51 56NONE$157,404
Oncor Retirement Plan202428 51INV MGMT$149,603
Xcel Energy Inc. Non-Bargaining Pension Plan (south)202428 50 51 56NONE$124,666
The Stride Rite Corporation Retirement Income Plan202428 51 56INVESTMENT MANAGER$123,572
Agilent Technologies, Inc. Retirement Plan202428 51N/A$122,161
Hogan Lovells US LLP Cash Balance Plan202421 28 52 56NONE$113,050
Cenveo Worldwide Limited Pension Plan202428NONE$95,517
Imasco Holdings Group Inc and Participating Affiliates Retirement Plan202428 50 51NONE$87,942
United Mine Workers of America 1974 Pension Plan202428 50 51NONE$81,173
Plumbers' Pension Fund, Local 130, U.A.202421 28 52 56NONE$75,370
Pension Plan of Volvo Cars of North America, LLC202428 50 51 56NONE KNOWN$75,000
Phillips 66 Retirement Plan202428 51 56INVESTMENT MANAGER$71,678
Dtts Pension Plan202428 51 56NONE$66,797
Union Carbide Employees' Pension Plan202428 50 51 52 56NONE KNOWN$63,611
Alstom Transportation Retirement Plan202428 51 56NONE$58,314
Star Tribune Retirement Plan O202428 51 56NONE$56,441
Star Tribune Retirement Plan a202428 51 56NONE$56,441
Star Tribune Retirement Plan G202428 51 56NONE$56,441
Cargill, Inc and Assoc. Co's Pension Plan for Production Employees202427 51 68NONE$56,072
Pension Plan a of Healthnow NY Inc.202428 51NONE$54,554
The National Football League Club Employees Pension Plan202427 31 50NONE$52,700
Jpmorgan Chase Retirement Plan202428 51 52 56NONE$31,618
League - Atpam Pension Fund202428 52 56NONE$26,254
Pitney Bowes Pension Plan202428 52 56NONE$17,236
Cargill Meat Solutions Corporation Employees Retirement Plan202427 51 68NONE$16,245
Essential Utilities, Inc. Pension Plan202428 51 52NONE$7,572
MSG Entertainment Holdings, LLC Ret Plan for Licnsd Ushers & Tckt Tkrs Lcl Union 176 Seiu Afl-Cio202428 51 56NONE$6,083
Willis Towers Watson Pension Plan for U.S. Employees202428 50NONE$5,969
Timkensteel Corporation Retirement Plan202428 50$5,449
Wells Fargo & Company Cash Balance Plan202428 51 52 56NONE$3,929
Fulton Financial Affiliates Defined Benefit Pension Plan202428 52NONE
Stauffer Biscuit Company Pension Plan202428 52NONE
Retirement Plan for Hourly and Salaried Employees of Donsco, Inc.202428 52NONE
Steelworkers Pension Trust202428 52 56NONE
Westrock Company Consolidated Pension Plan202328 51NONE$4.8M
Cargill, Inc. and Associated Companies Salaried Employees Pension Plan202327 51 68NONE$2.6M
BD Retirement Plan202328 51 56 68INVESTMENT MANAGEMENT$2.3M
Retirement Plan for Employees of Aetna Inc.202327 51 56NONE$1.8M
Kpmg Pension Plan202328 51 56NONE$1.2M
Ecolab Pension Plan202328 51 56INVESTMENT MANAGER$1.2M
Ceridian Retirement Plan202327INVESTMENT MGMT$1.1M
The Citigroup Pension Plan202328 50 51NONE$980,141
Thomson Reuters Group Pension Plan202328 51 56INVESTMENT MANAGER$930,236
Discover Financial Services Pension Plan202328 51 56NONE$877,624
Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees202328 50 51 56NONE$836,505
Hsbc - North America (U.S.) Pension Plan202328 50 51 56NONE$797,252
Liberty Mutual Retirement Benefit Plan202328 51 56NONE$774,216
Chick-Fil-A, Inc. Defined Benefit Pension Plan202328NONE$761,054
Cargill, Inc. and Associated Companies Pension Plan for Union Represented Hourly Wage Employees202327 51 68NONE$705,810
Pension Plan of American Society for Testing and Materials202328 50 51 52 56 63 68NONE$701,911
Graybar Electric Company, Inc. Pension Plan202328 51INVESTMENT MANAGEMENT$658,709
NEW Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees202328 50 51 56NONE$606,978
Kpmg Partner Pension Plan202328 51 56NONE$584,910
Windstream Pension Plan202328 51 56N/A$533,813
Christian School Pension Plan and Trust Fund202328 50 51 52 56NONE KNOWN$503,960
The Bank of America Pension Plan202328 50 51 56 68NONE$479,172
DOW Employees' Pension Plan202328 50 51 52 56NONE KNOWN$462,309
Retirement Income Plan for the Employees of National Railroad Passenger Corporation202328 50 51NONE$460,540
The Hertz Corporation Account Balance Defined Benefit Pension Plan202328 51 56NONE$437,683
Target Corporation Pension Plan202328 51 56INVESTMENT MANAGEMENT$397,723
Sprint Retirement Pension Plan202328 51 56INVESTMENT MANAGER$372,993
Lufthansa German Airlines Pension Plan for United States Employees202328 50 51 52 56NONE$329,107
Alstom Transportation Retirement Plan202328 51 56NONE$287,176
MSG Entertainment Holdings, LLC Cash Balance Pension Plan202328 51 56NONE$267,494
Pension Plan a of Healthnow NY Inc.202328 51BROKERAGE$248,146
Retirement Plan for Employees of Muscular Dystrophy Association, Inc.202328 51 56NONE$242,932
NEW Century Energies, Inc. Retirement Plan for Southwestern Public Service Co. Bargaining Unit Ee and Former Non-Bargaining Unit Employees202328 50 51 56NONE$236,467
Baxalta Incorporated and Subsidiaries Pension Plan202328 51NONE$217,953
Vulcan Materials Company Pension Plan202328 50INVESTMENT MANAGER$214,733
Moody's Corporation Retirement Account202327 50 51 56 70INVESTMENT ADVISOR$193,000
Altria Retirement Plan202328 51INVESTMENT MANAGER$186,617
The Timken-Latrobe-Mpb-Torrington Retirement Plan202328 51NONE$160,106
Sylvamo Pension Plan202328 51 56INVESTMENT MANAGER$159,838
Plumbers' Pension Fund, Local 130, U.A.202321 28 52 56NONE$156,301
Cargill, Inc and Assoc. Co's Pension Plan for Production Employees202327 51 68NONE$145,264
Agilent Technologies, Inc. Retirement Plan202328 51N/A$139,743
Dtts Pension Plan202328 51 56NONE$130,103
Xcel Energy Inc. Non-Bargaining Pension Plan (south)202328 50 51 56NONE$128,925
United Mine Workers of America 1974 Pension Plan202328 50 51NONE$120,853
Hogan Lovells US LLP Cash Balance Plan202321 28 52 56NONE$104,780
SGS North America Inc. Pension Plan202328NONE$97,277
Retirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and Affiliates202328 51 56NONE$89,023
Jpmorgan Chase Retirement Plan202328 51 52 56NONE$79,945
Phillips 66 Retirement Plan202328 51 56INVESTMENT MANAGER$78,935
Star Tribune Retirement Plan O202328 51 56NONE$73,980
Niagara Mohawk Pension Plan202328 50NONE$73,437
Imasco Holdings Group Inc and Participating Affiliates Retirement Plan202328 50 51NONE$67,803
CMG Hourly Pension Plan202328 50INVESTMENT MANAGER$58,726
Pension Plan of Volvo Cars of North America, LLC202328 50 51 56NONE KNOWN$56,250
Oncor Retirement Plan202328 51INV MGMT$54,586
Usaa Pension Plan202328 50 51NONE$45,928
Star Tribune Retirement Plan G202328 51 56NONE$43,462
Star Tribune Retirement Plan a202328 51 56NONE$41,903
Cargill Meat Solutions Corporation Employees Retirement Plan202327 51 68NONE$40,104
Union Carbide Employees' Pension Plan202328 50 51 52 56NONE KNOWN$37,917
Iuoe Stationary Engineers Local 39 Pension Plan202328 51 52 56NONE$24,204
Wells Fargo & Company Cash Balance Plan202328 51 52 56NONE$12,786
MSG Entertainment Holdings, LLC Ret Plan for Licnsd Ushers & Tckt Tkrs Lcl Union 176 Seiu Afl-Cio202328 51 56NONE$6,350
Stauffer Biscuit Company Pension Plan202328 52NONE
Wolverine Employees' Pension Plan202328 51 56INVESTMENT MANAGER
The Stride Rite Corporation Retirement Income Plan202328 51 56INVESTMENT MANAGER
Steelworkers Pension Trust202328 52 56NONE
Liberty Mutual Retirement Benefit Plan202228 51 56NONE$3.9M
BD Retirement Plan202228 51 56 68INVESTMENT MANAGEMENT$2.9M
Ecolab Pension Plan202228 51 56INVESTMENT MANAGER$1.8M
Westrock Company Consolidated Pension Plan202228INVESTMENT MANAGEMENT$1.6M
Cargill, Inc. and Associated Companies Salaried Employees Pension Plan202227 51 68NONE$1.6M
Thomson Reuters Group Pension Plan202228 51 56INVESTMENT MANAGER$1.4M
Form ADV readings
  • charity clients 625 Aug 21, 2026 reported
  • government clients 7 Aug 21, 2026 reported
  • institutional clients 852 Aug 21, 2026 reported
  • pension plan clients 220 Aug 21, 2026 reported
  • raum discretionary $2570B Aug 21, 2026 reported
  • raum institutional $531B Aug 21, 2026 reported
  • raum total $2649B Aug 21, 2026 reported
  • charity clients 1 May 22, 2026 reported
  • government clients 4 May 22, 2026 reported
  • institutional clients 45 May 22, 2026 reported
  • pension plan clients 40 May 22, 2026 reported
  • raum discretionary $72B May 22, 2026 reported
  • raum institutional $22B May 22, 2026 reported
  • raum total $72B May 22, 2026 reported
What changed
  • Dec 31, 2025Manager relationship endedinferenceStauffer Biscuit Company Pension Plan
    Goldman Sachs Asset Management, L.P no longer appears on Stauffer Biscuit Company Pension Plan's Schedule C as investment manager (plan year 2025 vs 2024)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • The Albany Medical Center Retirement Plan first reports an interest in GS Long Cr Fxd Inc Cit (Goldman Sachs Asset Management): $49M at 2024-12-31
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Holding startedFirmenich Pension Plan
    Firmenich Pension Plan first reports an interest in Intermediate Duration Credit Collec (Goldman Sachs Asset Management): $54M at 2024-12-31
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Holding startedCenveo Worldwide Limited Pension Plan
    Cenveo Worldwide Limited Pension Plan first reports an interest in Goldman Sachs Ct - Long Cr Fd Instl (Goldman Sachs Asset Management): $39M at 2024-12-31
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • The Albany Medical Center Retirement Plan first reports an interest in GS Coll Tr-Intermed Cr Cit (Goldman Sachs Asset Management): $36M at 2024-12-31
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship startedLeague - Atpam Pension Fund
    Goldman Sachs Asset Management LP appears on League - Atpam Pension Fund's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship startedTimkensteel Corporation Retirement Plan
    Goldman Sachs Asset Management appears on Timkensteel Corporation Retirement Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship startedCenveo Worldwide Limited Pension Plan
    Goldman Sachs Asset Management appears on Cenveo Worldwide Limited Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship startedMetallus Inc. Bargaining Unit Pension Plan
    Goldman Sachs Trust Company, N.A. appears on Metallus Inc. Bargaining Unit Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship startedRetirement Plan for Employees of Devon Energy Corporation
    Goldman Sachs Asset Management LP appears on Retirement Plan for Employees of Devon Energy Corporation's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinferenceSylvamo Pension Plan
    Goldman Sachs Asset Management, LP no longer appears on Sylvamo Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Goldman Sachs Asset Management LP appears on Employees' Retirement Plan of Consolidated Electrical Distributors, Inc.'s Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinferenceVulcan Materials Company Pension Plan
    Goldman Sachs Asset Management no longer appears on Vulcan Materials Company Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinferenceCMG Hourly Pension Plan
    Goldman Sachs Asset Management no longer appears on CMG Hourly Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship startedStandard Retirement Plan - Home Office Personnel
    Goldman Sachs Asset Management, LP appears on Standard Retirement Plan - Home Office Personnel's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship startedWillis Towers Watson Pension Plan for U.S. Employees
    Goldman Sachs Asset Management appears on Willis Towers Watson Pension Plan for U.S. Employees's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinferenceBaxalta Incorporated and Subsidiaries Pension Plan
    Goldman Sachs no longer appears on Baxalta Incorporated and Subsidiaries Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinferenceThe National Football League Club Employees Pension Plan
    Goldman Sachs Asset Management, LP appears on The National Football League Club Employees Pension Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • The Albany Medical Center Retirement Plan first reports an interest in GS Multi Mgr Intl Eq Cit (Goldman Sachs Asset Management): $20M at 2023-12-31
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinferenceRTS Packaging, LLC Consolidated Pension Plan
    Goldman Sachs Asset Management no longer appears on RTS Packaging, LLC Consolidated Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinferenceL.L.BEAN, Inc. Pension Plan
    Goldman Sachs Asset Management, LP no longer appears on L.L.BEAN, Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinferenceStructure-Tone, Inc. Pension Plan
    Goldman Sachs Asset Management LP no longer appears on Structure-Tone, Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinferencePipe Trades Services Mn Pension Fund
    Goldman Sachs Asset Management, LP no longer appears on Pipe Trades Services Mn Pension Fund's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship startedNiagara Mohawk Pension Plan
    Goldman Sachs Asset Management appears on Niagara Mohawk Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship startedSGS North America Inc. Pension Plan
    Goldman Sachs Asset Management appears on SGS North America Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship startedUsaa Pension Plan
    Goldman Sachs Asset Management appears on Usaa Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship startedSteelworkers Pension Trust
    Goldman Sachs Asset Management LP appears on Steelworkers Pension Trust's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship startedWolverine Employees' Pension Plan
    Gsam appears on Wolverine Employees' Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship startedThe Stride Rite Corporation Retirement Income Plan
    Gsam appears on The Stride Rite Corporation Retirement Income Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinferenceTotalenergies Finance USA, Inc. Pension Plan
    Goldman Sachs no longer appears on Totalenergies Finance USA, Inc. Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinferenceProducer-Writers Guild of America Pension Plan
    Goldman Sachs Asset Management LP no longer appears on Producer-Writers Guild of America Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov