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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
-13.9%
1 Year Est. Return
+27.5%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$227M
AUM Growth
-$297M
Cap. Flow
-$252M
Cap. Flow %
-110.97%
Top 10 Hldgs %
40%
Holding
1,036
New
981
Increased
20
Reduced
18
Closed
16

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$29.5M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$16.8M
3
FTSM icon
First Trust Enhanced Short Maturity ETF
FTSM
+$6.12M
4
AAPL icon
Apple
AAPL
+$5.85M
5
FTCS icon
First Trust Capital Strength ETF
FTCS
+$5.65M

Top Sells

Rank Stock Value
1
SCHB icon
Schwab US Broad Market ETF
SCHB
+$59.1M
2
FTA icon
First Trust Large Cap Value AlphaDEX Fund
FTA
+$56.9M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$56.2M
4
JPUS
JPMorgan Diversified Return US Equity ETF
JPUS
+$53.9M
5
SCHE icon
Schwab Emerging Markets Equity ETF
SCHE
+$47.3M

Sector Composition

Rank Sector Weight
1 Technology 6.88%
2 Financials 4.72%
3 Consumer Discretionary 4.54%
4 Communication Services 4.02%
5 Healthcare 2.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USB icon
251
US Bancorp
USB
$99.6B
$98K 0.04%
+2,857
New +$138K
SPSM icon
252
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.5B
$97K 0.04%
+4,450
New +$129K
BLV icon
253
Vanguard Long-Term Bond ETF
BLV
$5.74B
$96K 0.04%
+900
New +$94K
CVS icon
254
CVS Health
CVS
$122B
$95K 0.04%
+1,606
New +$107K
LVS icon
255
Las Vegas Sands
LVS
$29.6B
$95K 0.04%
+2,228
New +$135K
ZTS icon
256
Zoetis
ZTS
$30B
$95K 0.04%
+807
New +$106K
ITA icon
257
iShares US Aerospace & Defense ETF
ITA
$15B
$93K 0.04%
+1,298
New +$133K
WDAY icon
258
Workday
WDAY
$44.4B
$93K 0.04%
+718
New +$121K
CSX icon
259
CSX Corp
CSX
$93.1B
$92K 0.04%
+4,800
New +$112K
IDU icon
260
iShares US Utilities ETF
IDU
$1.36B
$92K 0.04%
+1,332
New +$106K
TER icon
261
Teradyne
TER
$59.3B
$92K 0.04%
+1,691
New +$107K
MDT icon
262
Medtronic
MDT
$112B
$91K 0.04%
+1,010
New +$107K
QUAL icon
263
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$91K 0.04%
+1,122
New +$107K
MRNA icon
264
Moderna
MRNA
$23.6B
$90K 0.04%
+3,000
New +$69K
LUV icon
265
Southwest Airlines
LUV
$23B
$89K 0.04%
2,511
-1,211
-33% -$60K
PUI icon
266
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$54.4M
$89K 0.04%
+3,100
New +$104K
AMCX icon
267
AMC Global Media
AMCX
$489M
$88K 0.04%
+3,600
New +$122K
GLD icon
268
SPDR Gold Trust
GLD
$142B
$87K 0.04%
588
-170,375
-100% -$25.4M
HSY icon
269
Hershey
HSY
$36.6B
$87K 0.04%
+656
New +$96.8K
WTW icon
270
Willis Towers Watson
WTW
$32B
$87K 0.04%
+510
New +$100K
IVE icon
271
iShares S&P 500 Value ETF
IVE
$49.8B
$86K 0.04%
893
-4,113
-82% -$489K
SPEM icon
272
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.7B
$86K 0.04%
+3,012
New +$104K
VEU icon
273
Vanguard FTSE All-World ex-US ETF
VEU
$70.2B
$86K 0.04%
+2,103
New +$103K
SLY
274
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
$86K 0.04%
+1,784
New +$115K
EMB icon
275
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
$85K 0.04%
+884
New +$97.5K
9 10
11
12 13

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PHS
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MAM
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KCM
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DAM
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MIA
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YL
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PWA
Pitcairn Wealth Advisors Conshohocken, Pennsylvania $1.09B AUM

Golden State Wealth Management's Q1 2020 Portfolio in Review

As of Q1 2020, Golden State Wealth Management held 1,036 positions worth $227M, down 57% from $523M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Golden State Wealth Management withdrew a net $252M in Q1 2020, closing 16 positions and reducing 18 holdings. Its most notable exit was Schwab US Broad Market ETF, an estimated $59.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.9% of assets, up from 0.94% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Golden State Wealth Management opened a new position in First Trust Enhanced Short Maturity ETF worth $6.04M.

  • Golden State Wealth Management's largest Q1 2020 buy was First Trust Enhanced Short Maturity ETF: 102,316 shares worth $6.04M.
  • Golden State Wealth Management added most to iShares Core US Aggregate Bond ETF in Q1 2020, an estimated $29.5M increase.
  • Golden State Wealth Management's biggest Q1 2020 reduction was Invesco QQQ Trust, cutting an estimated $56.2M.
  • Golden State Wealth Management fully exited Schwab US Broad Market ETF in Q1 2020, selling an estimated $59.1M.
  • Golden State Wealth Management's ten largest holdings make up 40% of its $227M portfolio in Q1 2020.
  • Golden State Wealth Management opened 981 new positions and closed 16 in Q1 2020.
  • Golden State Wealth Management's portfolio value fell 57% quarter-over-quarter to $227M.

Based on Golden State Wealth Management's 13F filing for Q1 2020, filed 17 Apr 2020.