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GSWM

Golden State Wealth Management Portfolio holdings

AUM $1.1B
1-Year Est. Return 27.5%
This Fund
S&P 500
This Quarter Est. Return
+7.1%
1 Year Est. Return
+27.5%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$523M
AUM Growth
+$220M
Cap. Flow
+$199M
Cap. Flow %
37.97%
Top 10 Hldgs %
85.3%
Holding
1,126
New
15
Increased
16
Reduced
23
Closed
1,071

Top Buys

Rank Stock Value
1
SCHB icon
Schwab US Broad Market ETF
SCHB
+$56.5M
2
FTA icon
First Trust Large Cap Value AlphaDEX Fund
FTA
+$54M
3
JPUS
JPMorgan Diversified Return US Equity ETF
JPUS
+$52.2M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$51.2M
5
SCHE icon
Schwab Emerging Markets Equity ETF
SCHE
+$49.8M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$28.3M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$11.3M
3
CFA icon
VictoryShares US 500 Volatility Wtd ETF
CFA
+$9.26M
4
AAPL icon
Apple
AAPL
+$7.65M
5
VNLA icon
Janus Henderson Short Duration Income ETF
VNLA
+$6.1M

Sector Composition

Rank Sector Weight
1 Technology 0.94%
2 Industrials 0.85%
3 Financials 0.19%
4 Real Estate 0.16%
5 Consumer Staples 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSIQ icon
226
Canadian Solar
CSIQ
$1.05B
– –
-50
Closed -$1K
CSM icon
227
ProShares Large Cap Core Plus
CSM
$531M
– –
-228
Closed -$8K
CSX icon
228
CSX Corp
CSX
$93.9B
– –
-5,295
Closed -$122K
CTVA icon
229
Corteva
CTVA
$51.3B
– –
-1,043
Closed -$29K
HERZ
230
Herzfeld Credit Income Fund
HERZ
$31.6M
– –
-47
Closed -$2K
CVE icon
231
Cenovus Energy
CVE
$52.1B
– –
-310
Closed -$3K
CVS icon
232
CALL
CVS Health
CVS
$123B
– –
-7
Closed -$4K
CVS icon
233
CVS Health
CVS
$123B
– –
-2,051
Closed -$129K
CX icon
234
Cemex
CX
$16.3B
– –
-9,281
Closed -$36K
D icon
235
Dominion Energy
D
$58.8B
– –
-2,629
Closed -$213K
DBC icon
236
Invesco DB Commodity Index Tracking Fund
DBC
$1.66B
– –
-16,931
Closed -$255K
DBEF icon
237
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.33B
– –
-11,695
Closed -$378K
DBX icon
238
Dropbox
DBX
$8.06B
– –
-507
Closed -$10K
DD icon
239
DuPont de Nemours
DD
$19.5B
– –
-778
Closed -$70K
DELL icon
240
Dell
DELL
$283B
– –
-1,872
Closed -$49K
DEO icon
241
Diageo
DEO
$51.6B
– –
-1,044
Closed -$171K
DFP
242
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$425M
– –
-10,062
Closed -$263K
DFS
243
DELISTED
Discover Financial Services
DFS
– –
-1,205
Closed -$98K
DG icon
244
Dollar General
DG
$28.1B
– –
-80
Closed -$13K
DGRS icon
245
WisdomTree Trust WisdomTree US SmallCap Quality Dividend Growth Fund
DGRS
$412M
– –
-632
Closed -$22K
DGRW icon
246
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.2B
– –
-3,043
Closed -$137K
DHS icon
247
WisdomTree US High Dividend Fund
DHS
$1.57B
– –
-1,445
Closed -$108K
DHR icon
248
Danaher
DHR
$141B
– –
-79
Closed -$10K
DIA icon
249
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.3B
– –
-1,345
Closed -$362K
DIS icon
250
Walt Disney
DIS
$182B
– –
-5,387
Closed -$702K
8 9
10
11 12

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MAM
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KCM
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MIA
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PWA
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Golden State Wealth Management's Q4 2019 Portfolio in Review

As of Q4 2019, Golden State Wealth Management held 1,126 positions worth $523M, up 73% from $303M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Golden State Wealth Management deployed $199M of net new capital in Q4 2019, opening 15 new positions and adding to 16 existing holdings. Its largest new stake was Schwab US Broad Market ETF: 4,608,684 shares worth $59.1M.

By sector, the portfolio is most concentrated in Technology at 0.94% of assets, down from 5.7% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $28.3M trimmed.

  • Golden State Wealth Management's largest Q4 2019 buy was Schwab US Broad Market ETF: 4,608,684 shares worth $59.1M.
  • Golden State Wealth Management added most to Invesco QQQ Trust in Q4 2019, an estimated $51.2M increase.
  • Golden State Wealth Management's biggest Q4 2019 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $28.3M.
  • Golden State Wealth Management fully exited VictoryShares US 500 Volatility Wtd ETF in Q4 2019, selling an estimated $9.26M.
  • Golden State Wealth Management's ten largest holdings make up 85% of its $523M portfolio in Q4 2019.
  • Golden State Wealth Management opened 15 new positions and closed 1,071 in Q4 2019.
  • Golden State Wealth Management's portfolio value rose 73% quarter-over-quarter to $523M.

Based on Golden State Wealth Management's 13F filing for Q4 2019, filed 13 Feb 2020.