The fourth quarter of 2024 marked a significant uptick in institutional investment in Golden Matrix Group (NASDAQ: GMGI), with several prominent firms expanding their stakes. RHUMBLINE ADVISERS notably increased its investment by 391%, adding 84,749 shares to its portfolio, which now totals 106,449 shares. Similarly, Goldman Sachs Group Inc and JPMorgan Chase & Co both saw 180% growth in their positions, acquiring 52,649 and 32,685 additional shares, respectively.
Other key players in the investment community also demonstrated confidence in Golden Matrix Group. Geode Capital Management, LLC enhanced its holdings by 14%, purchasing 78,427 more shares for a total of 623,498 shares. BlackRock, Inc. and Vanguard Group Inc reported modest increases, with BlackRock adding 33,792 shares (a 3% increase) to reach 1,197,830 shares, and Vanguard growing its stake by 1% through the acquisition of 5,936 shares, bringing its total to 491,811 shares.
The quarter also welcomed new institutional investors to Golden Matrix Group's shareholder base. Squarepoint Ops LLC and SG Americas Securities, LLC entered the market with 42,365 and 13,990 shares, respectively. BNP PARIBAS FINANCIAL MARKETS and NewEdge Advisors, LLC also initiated positions, further diversifying the company's institutional backing.
These investment activities, detailed in Form 13F filings submitted to the U.S. Securities and Exchange Commission, reflect the holdings as of the quarter's end and may not indicate current positions. The surge in institutional investment underscores a growing belief in Golden Matrix Group's business model, which spans B2B and B2C gaming technology sectors across various international markets.
