GS Ranganath Share Repurchase Weekly

GS Vani Ranganath - Share Repurchase Weekly Recap 17 Aug 2026 Vani Ranganath · Goldman Sachs · Vice President, FICC & Equities Mon 17 Aug 2026, 7:59am ET

Share repurchase activity for the week ending 14-Aug-2026. All references to “we/us/our” refer to the views and observations of the desk.

GS Buyback Desk Execution Activity. Our desk saw robust and steady volumes last week, driven by the ongoing corporate open window. While the broader market typically experiences a summer slowdown in August, this month historically represents a highly active period for our desk given the concentrated buyback window. Last week’s flows finished at 1.5x vs 2025 YTD ADTV and 1.4x vs 2024 YTD ADTV skewed toward Tech, Financials, and Health Care sectors. Open market flow on the desk increased week over week, with discretionary buyback orders accounting for 37% of total desk flow (up from 31% last week). This uptick in discretionary demand aligns with the quickly expanding corporate bid. We currently estimate 96% of the S&P 500 are in an open window period. With over $1T in buyback authorizations announced, corporate demand is estimated to remain over the summer, potentially helping absorb supply in an otherwise thin summer liquidity environment.

GS Corporate Trading Desk Flow