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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
EBND icon
276
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
– –
-2,214
Closed -$60K
ECL icon
277
Ecolab
ECL
$79.8B
– –
-37
Closed -$7K
ED icon
278
Consolidated Edison
ED
$40.2B
– –
-334
Closed -$32K
EEM icon
279
iShares MSCI Emerging Markets ETF
EEM
$29.2B
– –
-31,731
Closed -$1.3M
EEMV icon
280
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.52B
– –
-77
Closed -$4K
EES icon
281
WisdomTree US SmallCap Earnings Fund
EES
$726M
– –
-57,627
Closed -$2.05M
EFA icon
282
iShares MSCI EAFE ETF
EFA
$79.4B
– –
-9,184
Closed -$599K
EFAV icon
283
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.46B
– –
-182
Closed -$13K
EFAX icon
284
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$513M
– –
-64
Closed -$2K
EFG icon
285
iShares MSCI EAFE Growth ETF
EFG
$17B
– –
-1,597
Closed -$129K
EFV icon
286
iShares MSCI EAFE Value ETF
EFV
$29.2B
– –
-1,111
Closed -$53K
EIS icon
287
iShares MSCI Israel ETF
EIS
$888M
– –
-89
Closed -$5K
EIX icon
288
Edison International
EIX
$25.9B
– –
-1,968
Closed -$148K
ELAN icon
289
Elanco Animal Health
ELAN
$12.1B
– –
-63
Closed -$2K
ELD icon
290
WisdomTree Emerging Markets Local Debt Fund
ELD
$142M
– –
-319
Closed -$11K
ELV icon
291
Elevance Health
ELV
$84.9B
– –
-591
Closed -$142K
EMB icon
292
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
– –
-6,895
Closed -$782K
EMHY icon
293
iShares JPMorgan EM High Yield Bond ETF
EMHY
$626M
– –
-335
Closed -$16K
EMLC icon
294
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.81B
– –
-664
Closed -$22K
EMN icon
295
Eastman Chemical
EMN
$8.4B
– –
-8
Closed -$1K
EMO
296
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.02B
– –
-245
Closed -$11K
EMR icon
297
Emerson Electric
EMR
$87.5B
– –
-540
Closed -$36K
ENB icon
298
Enbridge
ENB
$113B
– –
-1,667
Closed -$58K
EOI
299
Eaton Vance Enhanced Equity Income Fund
EOI
$821M
– –
-10,760
Closed -$163K
EOG icon
300
EOG Resources
EOG
$71.4B
– –
-15
Closed -$1K
10 11
12
13 14

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MAM
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KCM
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MIA
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YL
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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.