GSEP

Golden State Equity Partners Portfolio holdings

AUM $540M

1-Year Return 21.96%

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

+7.65%

1 Year Return

+21.96%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$190M

AUM Growth

-$290M (-60%)

Cap. Flow

-$314M

Cap. Flow % of AUM

-165.08%

Top 10 Holdings % Top 10 Hldgs %

31.39%

Holding

921

New

505

Increased

Reduced

253

Closed

104

Top Buys

1	WisdomTree Trust WisdomTree US Quality Dividend Growth Fund DGRW	+$1.57M
2	Harbor Long-Term Growers ETF WINN	+$1.45M
3	First Trust SMID Cap Rising Dividend Achievers ETF SDVY	+$947K
4	WisdomTree International Quality Dividend Growth Fund IQDG	+$887K
5	First Trust Horizon Managed Volatility Domestic ETF HUSV	+$611K

Top Sells

1	NVIDIA NVDA	+$28.7M
2	Apple AAPL	+$24.4M
3	Microsoft MSFT	+$15M
4	SPDR Portfolio S&P 500 ETF SPLG	+$8.47M
5	Amazon AMZN	+$7.11M

Sector Composition

1	Technology	9%
2	Industrials	7.49%
3	Financials	7.44%
4	Consumer Discretionary	5.26%
5	Healthcare	3.51%

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
551	551 Invesco S&P SmallCap Utilities & Communication Services ETF PSCU $13.1M	$13.4K	0.01%	+222	New	+$13.4K
552	552 Seagate STX $40.2B	$13.4K	0.01%	+122	New	+$13.4K
553	553 Tapestry TPR $21.8B	$13.3K	0.01%	+284	New	+$13.3K
554	554 Larimar Therapeutics LRMR $336M	$13.1K	0.01%	+2,000	New	+$13.1K
555	555 XPO XPO $15.6B	$13K	0.01%	+121	New	+$13K
556	556 iShares Short Treasury Bond ETF SHV $20.7B	$12.7K	0.01%	115 -6,490	-98%	-$718K
557	557 Alcon ALC $39.5B	$12.7K	0.01%	+127	New	+$12.7K
558	558 Ferguson FERG $47.7B	$12.3K	0.01%	+62	New	+$12.3K
559	559 Hershey HSY $38B	$12.3K	0.01%	+64	New	+$12.3K
560	560 Canadian Imperial Bank of Commerce CM $72.6B	$12.3K	0.01%	+200	New	+$12.3K
561	561 Stryker SYK $150B	$11.9K	0.01%	+33	New	+$11.9K
562	562 Boeing BA $175B	$11.7K	0.01%	77 -2,459	-97%	-$374K
563	563 Monster Beverage MNST $61.5B	$11.7K	0.01%	+224	New	+$11.7K
564	564 Prudential Financial PRU $37.2B	$11.6K	0.01%	96 -1,672	-95%	-$202K
565	565 Archer Daniels Midland ADM $29.9B	$11.3K	0.01%	+189	New	+$11.3K
566	566 Vanguard Information Technology ETF VGT $101B	$11.1K	0.01%	19 -1,239	-98%	-$727K
567	567 iShares ESG Aware MSCI EM ETF ESGE $5.23B	$11.1K	0.01%	+305	New	+$11.1K
568	568 Alarm.com ALRM $2.84B	$10.9K	0.01%	+200	New	+$10.9K
569	569 DTE Energy DTE $28B	$10.8K	0.01%	+84	New	+$10.8K
570	570 Ares Capital ARCC $15.9B	$10.8K	0.01%	514 -10,400	-95%	-$218K
571	571 iShares Core 60/40 Balanced Allocation ETF AOR $2.72B	$10.6K	0.01%	+179	New	+$10.6K
572	572 iShares iBonds Dec 2025 Term Muni Bond ETF IBMN $418M	$10.6K	0.01%	+397	New	+$10.6K
573	573 Sangamo Therapeutics SGMO $158M	$10.5K	0.01%	12,097 -185,019	-94%	-$160K
574	574 Church & Dwight Co CHD $23B	$10.5K	0.01%	100 -4,857	-98%	-$509K
575	575 Corning GLW $61.8B	$10.4K	0.01%	+231	New	+$10.4K