GSEP

Golden State Equity Partners Portfolio holdings

AUM $540M

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4

This Quarter Return

-3.21%

1 Year Return

+21.96%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$359M

AUM Growth

+$359M (+0.88%)

Cap. Flow

+$14.5M

Cap. Flow % of AUM

4.05%

Top 10 Holdings % Top 10 Hldgs %

23.48%

Holding

415

New

Increased

192

Reduced

Closed

Top Buys

1	First Trust Mid Cap Core AlphaDEX Fund FNX	$7.01M
2	SPDR Portfolio S&P 500 Growth ETF SPYG	$5.81M
3	WisdomTree Trust WisdomTree US Quality Dividend Growth Fund DGRW	$4.97M
4	Hartford Total Return Bond ETF HTRB	$4.61M
5	First Trust Horizon Managed Volatility Domestic ETF HUSV	$4.33M

Top Sells

1	Meta Platforms (Facebook) META	$1.11M
2	MMP Magellan Midstream Partners, L.P. MMP	$819K
3	iShares JPMorgan USD Emerging Markets Bond ETF EMB	$700K
4	BondBloxx Bloomberg One Year Target Duration US Treasury ETF XONE	$686K
5	Intel INTC	$673K

Sector Composition

1	Technology	18.66%
2	Financials	8.06%
3	Healthcare	6.5%
4	Consumer Discretionary	5.81%
5	Communication Services	4.63%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
276	276 Honda HMC $44.9B	$261K	0.07%	7,763 -2,107	-21%	-$70.9K
277	277 Ares Capital ARCC $15.7B	$261K	0.07%	13,387 -3,437	-20%	-$66.9K
278	278 Edison International EIX $21.5B	$259K	0.07%	4,092 +729	+22%	+$46.1K
279	279 Brown & Brown BRO $31.5B	$258K	0.07%	+3,687	New	+$258K
280	280 BCE BCE $22.8B	$257K	0.07%	6,732 -560	-8%	-$21.4K
281	281 Roku ROKU $14.1B	$257K	0.07%	3,638 +143	+4%	+$10.1K
282	282 First Majestic Silver AG $4.69B	$257K	0.07%	50,000	–	–
283	283 iShares MSCI ACWI ETF ACWI $21.9B	$251K	0.07%	2,722 +454	+20%	+$41.9K
284	284 Fidelity National Financial FNF $15.9B	$248K	0.07%	+6,004	New	+$248K
285	285 Fortinet FTNT $58.9B	$247K	0.07%	+4,216	New	+$247K
286	286 Liberty Media Series C FWONK $25.3B	$244K	0.07%	3,919 +391	+11%	+$24.4K
287	287 SPDR Portfolio Developed World ex-US ETF SPDW $28.8B	$244K	0.07%	+7,873	New	+$244K
288	288 First Trust Water ETF FIW $1.93B	$244K	0.07%	2,944 +118	+4%	+$9.76K
289	289 Capital Group Core Equity ETF CGUS $6.95B	$242K	0.07%	+9,638	New	+$242K
290	290 NNN REIT NNN $7.95B	$240K	0.07%	6,797 -26	-0.4%	-$919
291	BSCO 291 DELISTED Invesco BulletShares 2024 Corporate Bond ETF BSCO	$238K	0.07%	11,491 -2,413	-17%	-$49.9K
292	292 ServiceNow NOW $189B	$235K	0.07%	420 +28	+7%	+$15.7K
293	293 TC Energy TRP $53.7B	$235K	0.07%	6,822 -136	-2%	-$4.68K
294	294 Prudential Financial PRU $37.8B	$232K	0.06%	2,445 -760	-24%	-$72.1K
295	BSCN 295 DELISTED Invesco BulletShares 2023 Corporate Bond ETF BSCN	$232K	0.06%	10,927 -2,624	-19%	-$55.7K
296	296 National Grid NGG $67.5B	$221K	0.06%	3,653 +347	+10%	+$21K
297	297 United Rentals URI $61.7B	$221K	0.06%	+498	New	+$221K
298	298 Palantir PLTR $373B	$221K	0.06%	13,795 -981	-7%	-$15.7K
299	299 Carlisle Companies CSL $16.2B	$219K	0.06%	+844	New	+$219K
300	300 Micron Technology MU $133B	$218K	0.06%	3,211 -30	-0.9%	-$2.04K