GCGCX — Goldman Sachs Concentrated Growth Fund
Data updated: 2024-04-26
GCGCX — Goldman Sachs Concentrated Growth Fund. United States Large Cap Growth Equity · $185.20M AUM. Holdings, fees, performance and SEC filings.
GCGCX Fund Overview
GCGCX — Goldman Sachs Concentrated Growth Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Goldman Sachs Trust
- Category: United States Large Cap Growth Equity
- Assets under management: $185.20M
- 1-year return: 44.3%
- Ticker: GCGCX
- SEC CIK: 0000822977
- SEC series ID: S000009319
- Share class ID: C000025481
GCGCX Investment Objective and Strategy
Goldman Sachs Concentrated Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Trust.
Investment objective
The Goldman Sachs Concentrated Growth Fund (the “Fund”) seeks long-term growth of capital.
Principal investment strategy
The Fund invests, under normal circumstances, at least 90% of its total assets measured at time of purchase (Total Assets) in equity investments selected for their potential to achieve capital appreciation over the long term. The Fund may invest in securities of companies of any capitalization. Although the Fund invests primarily in publicly traded U.S. securities, it may invest up to 25% of its Total Assets in foreign securities, including securities of issuers in countries with emerging markets or economies (emerging countries) and securities quoted in foreign currencies. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in approximately 30-40 companies that are considered by the Investment Adviser to be positioned for long-term growth. The Funds fundamental equity growth investment process involves evaluating potential investments based on specific characteristics believed to indicate a high-quality business with sustainable growth, including strong business franchises, favorable long-term prospects, and excellent management.
The Investment Adviser will also consider valuation of companies when determining whether to buy and/or sell securities. The Investment Adviser may decide to sell a position for various reasons, including when a companys fundamental outlook deteriorates, because of valuation and price considerations, for risk management purposes or when a company is deemed to be misallocating capital. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions. The Fund may invest up to 10% of its Total Assets in fixed income securities, such as government, corporate and bank debt obligations. The Fund's benchmark index is the Russell 1000 Growth Index.
GCGCX Holdings
Top 10 holdings of Goldman Sachs Concentrated Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp | 10.63% |
| NVIDIA Corp | 7.79% |
| Apple Inc | 7.26% |
| Amazon.com Inc | 5.73% |
| Meta Platforms Inc | 5.44% |
| Eli Lilly & Co | 4.54% |
| Mastercard Inc | 4.31% |
| Marvell Technology Inc | 3.04% |
| Salesforce Inc | 2.89% |
| Accenture PLC | 2.79% |
GCGCX Portfolio Allocation
Asset-class allocation of Goldman Sachs Concentrated Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.0% |
| Cash & Equivalents | 1.5% |
GCGCX Performance
Total returns for GCGCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 44.3% |
| 3 years (annualised) | 8.0% |
GCGCX Risk Information
Risk metrics for GCGCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.8%
GCGCX Costs and Fees
GCGCX costs about $179 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.79%
- Gross expense ratio: 2.12%
- Portfolio turnover: 32%
- Brokerage commissions: 0.95 bps of average net assets (SEC N-CEN)
GCGCX Cashflows
Over the 12 months to 2024-02, Goldman Sachs Concentrated Growth Fund had net inflows of $47.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-02 | $5.41M |
| 2024-01 | $4.51M |
| 2023-12 | $2.30M |
| 2023-11 | $6.69M |
| 2023-10 | $2.32M |
| 2023-09 | $1.98M |
GCGCX Debt Constituents
No individual debt constituents are reported in Goldman Sachs Concentrated Growth Fund's latest SEC N-PORT filing.
GCGCX Prospectus and SEC Filings
Official Goldman Sachs Concentrated Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-12-27
- Prospectus (485BPOS) — filed 2022-12-27
- Prospectus (485BPOS) — filed 2021-12-29
- Portfolio holdings (N-PORT) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2024-01-24
- Portfolio holdings (N-PORT) — filed 2023-10-25
- Annual census (N-CEN) — filed 2023-11-13
- Annual census (N-CEN) — filed 2022-11-14
Related Funds
Other United States Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.