The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed a joint Schedule 13G with the SEC on November 6, 2026, disclosing beneficial ownership of approximately 5.1% of the common stock of Hyperliquid Strategies Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Both reporting persons each disclosed beneficial ownership of 12,115,116.73 shares of Hyperliquid Strategies Inc. common stock, par value $0.01 per share (CUSIP 44916Y106).
  • Ownership percentage: The aggregate shares represent 5.1% of the class, according to the filing.
  • Shared voting power: Each reporting person reported shared voting power over 12,115,023.73 shares, with sole voting power of 0.00.
  • Shared dispositive power: Each reporting person reported shared dispositive power over 12,115,116.73 shares, with sole dispositive power of 0.00.
  • Triggering event date: The date of the event requiring this filing was September 30, 2026.
  • Ordinary course certification: The filing states the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

Goldman Sachs Crosses 5% Threshold in Hyperliquid Strategies Common Stock

According to the Schedule 13G filed jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, the two entities reported combined beneficial ownership of 12,115,116.73 shares of Hyperliquid Strategies Inc. common stock as of the event date of September 30, 2026. The filing identifies the issuer's principal executive offices as 477 Madison Avenue, 22nd Floor, New York, NY 10022. Both reporting persons list their business address as 200 West Street, New York, NY 10282.

The filing discloses that The Goldman Sachs Group, Inc. is classified as a parent holding company (HC) and corporation (CO) organized in Delaware, while Goldman Sachs & Co. LLC is classified as a broker-dealer, other (OO), and investment adviser (IA) organized in New York. Per Exhibit 99.2, the securities reported by The Goldman Sachs Group, Inc. as a parent holding company "are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC," which is described as "a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940" and a subsidiary of GS Group.

The filing further notes, in accordance with SEC Release No. 34-39538, that the disclosure reflects securities beneficially owned by certain operating units collectively referred to as the "Goldman Sachs Reporting Units." The Goldman Sachs Reporting Units disclaim beneficial ownership of securities held in certain client accounts and certain investment entities, as described in the filing. The statement was signed by Ameen Soetan as attorney-in-fact for both reporting persons and dated November 6, 2026.

What Was Disclosed

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly reported beneficial ownership of 12,115,116.73 shares, equal to 5.1% of Hyperliquid Strategies Inc. common stock, as of September 30, 2026, held in the ordinary course of business.