# EDGAR Filing Document

**Accession Number:** 0001714590
**File Stem:** 0001420506-25-001743
**Filing Date:** 2025-8
**Character Count:** 14761
**Document Hash:** 9fd20860cb22e0186c0a17ace471d4f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-001743.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001420506-25-001743

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GS Investments, Inc.
- **CENTRAL INDEX KEY:** 0001714590

**ORGANIZATION NAME:**
- **EIN:** 411743200

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18142
- **FILM NUMBER:** 251192178

**BUSINESS ADDRESS:**
- **STREET 1:** 860 BLUE GENTIAN ROAD
- **STREET 2:** SUITE 200
- **CITY:** EAGAN
- **STATE:** MN
- **ZIP:** 55121
- **BUSINESS PHONE:** 6123710590

**MAIL ADDRESS:**
- **STREET 1:** 860 BLUE GENTIAN ROAD
- **STREET 2:** SUITE 200
- **CITY:** EAGAN
- **STATE:** MN
- **ZIP:** 55121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gs Investments, Inc.
- **DATE OF NAME CHANGE:** 20170811

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** GS Investments Inc.<br>**Address:** 860 Blue Gentian Road<br>Suite 200<br>Eagan, MN 55121

**Form 13F File Number:** 028-18142

**CRD Number (if applicable):** 000107782

**SEC File Number (if applicable):** 801-56317

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John Steinke<br>**Title:** Managing Principal<br>**Phone:** 6123710590

**Signature, Place, and Date of Signing:**

John Steinke Managing Principal  Eagan, MN  08-07-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 115

**Form 13F Information Table Value Total:** $225679767

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 2284 | 15 | SH |  | SOLE |  | 0 | 0 | 15 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 3916057 | 13102 | SH |  | SOLE |  | 0 | 0 | 13102 |
| ADOBE INC | COM | 00724F101 |  | 2994838 | 7741 | SH |  | SOLE |  | 0 | 0 | 7741 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 4707299 | 16689 | SH |  | SOLE |  | 0 | 0 | 16689 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 6601928 | 37462 | SH |  | SOLE |  | 0 | 0 | 37462 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 939280 | 5295 | SH |  | SOLE |  | 0 | 0 | 5295 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 29316 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| AMAZON COM INC | COM | 023135106 |  | 7773865 | 35434 | SH |  | SOLE |  | 0 | 0 | 35434 |
| AMEREN CORP | COM | 023608102 |  | 9892 | 103 | SH |  | SOLE |  | 0 | 0 | 103 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 2006822 | 19341 | SH |  | SOLE |  | 0 | 0 | 19341 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 996358 | 4508 | SH |  | SOLE |  | 0 | 0 | 4508 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 8085476 | 15149 | SH |  | SOLE |  | 0 | 0 | 15149 |
| AMGEN INC | COM | 031162100 |  | 3021611 | 10822 | SH |  | SOLE |  | 0 | 0 | 10822 |
| APPLE INC | COM | 037833100 |  | 9482752 | 46219 | SH |  | SOLE |  | 0 | 0 | 46219 |
| BALLARD PWR SYS INC NEW | COM | 058586108 |  | 199 | 125 | SH |  | SOLE |  | 0 | 0 | 125 |
| BANK AMERICA CORP | COM | 060505104 |  | 1524177 | 32210 | SH |  | SOLE |  | 0 | 0 | 32210 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4748888 | 9776 | SH |  | SOLE |  | 0 | 0 | 9776 |
| BLACKROCK CORE BD TR | SHS BEN INT | 09249E101 |  | 13122 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| BROADCOM INC | COM | 11135F101 |  | 3088383 | 11204 | SH |  | SOLE |  | 0 | 0 | 11204 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 21489 | 101 | SH |  | SOLE |  | 0 | 0 | 101 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3007 | 21 | SH |  | SOLE |  | 0 | 0 | 21 |
| CHUBB LIMITED | COM | H1467J104 |  | 1612292 | 5565 | SH |  | SOLE |  | 0 | 0 | 5565 |
| CITIGROUP INC | COM NEW | 172967424 |  | 382955 | 4499 | SH |  | SOLE |  | 0 | 0 | 4499 |
| CLOROX CO DEL | COM | 189054109 |  | 60035 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 822916 | 9170 | SH |  | SOLE |  | 0 | 0 | 9170 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 1217660 | 7485 | SH |  | SOLE |  | 0 | 0 | 7485 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1189048 | 3684 | SH |  | SOLE |  | 0 | 0 | 3684 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4426022 | 4471 | SH |  | SOLE |  | 0 | 0 | 4471 |
| CUMMINS INC | COM | 231021106 |  | 327500 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| DISNEY WALT CO | COM | 254687106 |  | 1116 | 9 | SH |  | SOLE |  | 0 | 0 | 9 |
| EA SERIES TRUST | FREEDOM 100 EM | 02072L607 |  | 325422 | 8055 | SH |  | SOLE |  | 0 | 0 | 8055 |
| ECOLAB INC | COM | 278865100 |  | 4185481 | 15534 | SH |  | SOLE |  | 0 | 0 | 15534 |
| ELI LILLY  CO | COM | 532457108 |  | 2354960 | 3021 | SH |  | SOLE |  | 0 | 0 | 3021 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 248080 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| EQUINIX INC | COM | 29444U700 |  | 1687192 | 2121 | SH |  | SOLE |  | 0 | 0 | 2121 |
| ETSY INC | COM | 29786A106 |  | 50 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1930051 | 17904 | SH |  | SOLE |  | 0 | 0 | 17904 |
| FORD MTR CO | COM | 345370860 |  | 5534 | 510 | SH |  | SOLE |  | 0 | 0 | 510 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN INDIA | 35473P769 |  | 322026 | 8085 | SH |  | SOLE |  | 0 | 0 | 8085 |
| GABELLI DIVID  INCOME TR | COM | 36242H104 |  | 34619 | 1331 | SH |  | SOLE |  | 0 | 0 | 1331 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 998 | 26 | SH |  | SOLE |  | 0 | 0 | 26 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 353875 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 4775 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| HOME DEPOT INC | COM | 437076102 |  | 5838742 | 15925 | SH |  | SOLE |  | 0 | 0 | 15925 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2411240 | 10354 | SH |  | SOLE |  | 0 | 0 | 10354 |
| INCYTE CORP | COM | 45337C102 |  | 681000 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 611269 | 31315 | SH |  | SOLE |  | 0 | 0 | 31315 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 85969 | 4375 | SH |  | SOLE |  | 0 | 0 | 4375 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 |  | 1537 | 75 | SH |  | SOLE |  | 0 | 0 | 75 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 145392 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 |  | 187045 | 4425 | SH |  | SOLE |  | 0 | 0 | 4425 |
| INVESCO EXCHANGE TRADED FD T | S PUR GWT | 46137V266 |  | 16020 | 350 | SH |  | SOLE |  | 0 | 0 | 350 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 17364 | 275 | SH |  | SOLE |  | 0 | 0 | 275 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1370022 | 22090 | SH |  | SOLE |  | 0 | 0 | 22090 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1144266 | 10470 | SH |  | SOLE |  | 0 | 0 | 10470 |
| ISHARES TR | CORE S ETF | 464287200 |  | 14902 | 24 | SH |  | SOLE |  | 0 | 0 | 24 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 16184 | 75 | SH |  | SOLE |  | 0 | 0 | 75 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 2484506 | 27794 | SH |  | SOLE |  | 0 | 0 | 27794 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 407012 | 7965 | SH |  | SOLE |  | 0 | 0 | 7965 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4065698 | 14024 | SH |  | SOLE |  | 0 | 0 | 14024 |
| KLA CORP | COM NEW | 482480100 |  | 10256223 | 11450 | SH |  | SOLE |  | 0 | 0 | 11450 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1023076 | 2209 | SH |  | SOLE |  | 0 | 0 | 2209 |
| MASTEC INC | COM | 576323109 |  | 5483585 | 32175 | SH |  | SOLE |  | 0 | 0 | 32175 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 7148 | 82 | SH |  | SOLE |  | 0 | 0 | 82 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 3646014 | 1395 | SH |  | SOLE |  | 0 | 0 | 1395 |
| META PLATFORMS INC | CL A | 30303M102 |  | 9867525 | 13369 | SH |  | SOLE |  | 0 | 0 | 13369 |
| MICROSOFT CORP | COM | 594918104 |  | 7896881 | 15876 | SH |  | SOLE |  | 0 | 0 | 15876 |
| NETFLIX INC | COM | 64110L106 |  | 4168712 | 3113 | SH |  | SOLE |  | 0 | 0 | 3113 |
| NEWMONT CORP | COM | 651639106 |  | 233 | 4 | SH |  | SOLE |  | 0 | 0 | 4 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1670592 | 24065 | SH |  | SOLE |  | 0 | 0 | 24065 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7294714 | 46172 | SH |  | SOLE |  | 0 | 0 | 46172 |
| ORACLE CORP | COM | 68389X105 |  | 10932 | 50 | SH |  | SOLE |  | 0 | 0 | 50 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 31354 | 230 | SH |  | SOLE |  | 0 | 0 | 230 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2957867 | 14454 | SH |  | SOLE |  | 0 | 0 | 14454 |
| PEPSICO INC | COM | 713448108 |  | 2474298 | 18739 | SH |  | SOLE |  | 0 | 0 | 18739 |
| PIMCO INCOME STRATEGY FD II | COM | 72201J104 |  | 7390 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2637016 | 16552 | SH |  | SOLE |  | 0 | 0 | 16552 |
| PROLOGIS INC. | COM | 74340W103 |  | 6202 | 59 | SH |  | SOLE |  | 0 | 0 | 59 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 5372 | 50 | SH |  | SOLE |  | 0 | 0 | 50 |
| ROKU INC | COM CL A | 77543R102 |  | 44121 | 502 | SH |  | SOLE |  | 0 | 0 | 502 |
| ROSS STORES INC | COM | 778296103 |  | 3754935 | 29432 | SH |  | SOLE |  | 0 | 0 | 29432 |
| SAB BIOTHERAPEUTICS INC | COM NEW | 78397T202 |  | 351 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| SALESFORCE INC | COM | 79466L302 |  | 3160204 | 11589 | SH |  | SOLE |  | 0 | 0 | 11589 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 5059714 | 55455 | SH |  | SOLE |  | 0 | 0 | 55455 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 604567 | 25370 | SH |  | SOLE |  | 0 | 0 | 25370 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 694951 | 28435 | SH |  | SOLE |  | 0 | 0 | 28435 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 10120 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 702822 | 24061 | SH |  | SOLE |  | 0 | 0 | 24061 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 207636 | 7504 | SH |  | SOLE |  | 0 | 0 | 7504 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 44909 | 1490 | SH |  | SOLE |  | 0 | 0 | 1490 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 248854 | 10708 | SH |  | SOLE |  | 0 | 0 | 10708 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 |  | 4108 | 135 | SH |  | SOLE |  | 0 | 0 | 135 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 11073 | 146 | SH |  | SOLE |  | 0 | 0 | 146 |
| SONOS INC | COM | 83570H108 |  | 4270 | 395 | SH |  | SOLE |  | 0 | 0 | 395 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6179 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1669732 | 2176 | SH |  | SOLE |  | 0 | 0 | 2176 |
| STRYKER CORPORATION | COM | 863667101 |  | 5939198 | 15012 | SH |  | SOLE |  | 0 | 0 | 15012 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 1154509 | 30828 | SH |  | SOLE |  | 0 | 0 | 30828 |
| TESLA INC | COM | 88160R101 |  | 17471 | 55 | SH |  | SOLE |  | 0 | 0 | 55 |
| TEXAS INSTRS INC | COM | 882508104 |  | 6767374 | 32595 | SH |  | SOLE |  | 0 | 0 | 32595 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 5110012 | 12603 | SH |  | SOLE |  | 0 | 0 | 12603 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 516100 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1033577 | 11078 | SH |  | SOLE |  | 0 | 0 | 11078 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 3471602 | 11128 | SH |  | SOLE |  | 0 | 0 | 11128 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1655019 | 36575 | SH |  | SOLE |  | 0 | 0 | 36575 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 84602 | 357 | SH |  | SOLE |  | 0 | 0 | 357 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 2141866 | 37570 | SH |  | SOLE |  | 0 | 0 | 37570 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 |  | 1820962 | 28600 | SH |  | SOLE |  | 0 | 0 | 28600 |
| VISA INC | COM CL A | 92826C839 |  | 7958091 | 22414 | SH |  | SOLE |  | 0 | 0 | 22414 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 606373 | 2650 | SH |  | SOLE |  | 0 | 0 | 2650 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3397088 | 42400 | SH |  | SOLE |  | 0 | 0 | 42400 |
| WILLIAMS COS INC | COM | 969457100 |  | 5111164 | 81375 | SH |  | SOLE |  | 0 | 0 | 81375 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 1052756 | 6444 | SH |  | SOLE |  | 0 | 0 | 6444 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 1177545 | 14500 | SH |  | SOLE |  | 0 | 0 | 14500 |
| XCEL ENERGY INC | COM | 98389B100 |  | 32960 | 484 | SH |  | SOLE |  | 0 | 0 | 484 |

---