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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
EPD icon
301
Enterprise Products Partners
EPD
$82.3B
– –
-6,992
Closed -$200K
EPS icon
302
WisdomTree US LargeCap Fund
EPS
$1.64B
– –
-1,640
Closed -$55K
EQIX icon
303
Equinix
EQIX
$104B
– –
-10
Closed -$6K
EQR icon
304
Equity Residential
EQR
$25B
– –
-200
Closed -$17K
EQT icon
305
EQT Corp
EQT
$32.3B
– –
-7
Closed –
ERIC icon
306
Ericsson
ERIC
$33.3B
– –
-450
Closed -$4K
ES icon
307
Eversource Energy
ES
$27.1B
– –
-767
Closed -$66K
ET icon
308
Energy Transfer Partners
ET
$71.2B
– –
-1,688
Closed -$22K
ETB
309
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$456M
– –
-2,941
Closed -$46K
ETG
310
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.84B
– –
-200
Closed -$3K
ETN icon
311
Eaton
ETN
$174B
– –
-440
Closed -$37K
ETSY icon
312
Etsy
ETSY
$7.81B
– –
-170
Closed -$10K
ETV
313
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
ETV
$1.75B
– –
-657
Closed -$10K
ETW
314
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.05B
– –
-1,878
Closed -$18K
ETY icon
315
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.32B
– –
-1,700
Closed -$20K
EUDG icon
316
WisdomTree Europe Quality Dividend Growth Fund
EUDG
$70.3M
– –
-3,525
Closed -$89K
EW icon
317
Edwards Lifesciences
EW
$51.5B
– –
-5,100
Closed -$374K
EWA icon
318
iShares MSCI Australia ETF
EWA
$1.44B
– –
-150
Closed -$3K
EWC icon
319
iShares MSCI Canada ETF
EWC
$6.26B
– –
-9,148
Closed -$264K
EWJ icon
320
iShares MSCI Japan ETF
EWJ
$22.5B
– –
-1,202
Closed -$68K
EWM icon
321
iShares MSCI Malaysia ETF
EWM
$325M
– –
-75
Closed -$2K
EWU icon
322
iShares MSCI United Kingdom ETF
EWU
$4.13B
– –
-128
Closed -$4K
EWX icon
323
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$688M
– –
-346
Closed -$15K
EXAS
324
DELISTED
Exact Sciences
EXAS
– –
-510
Closed -$46K
EXC icon
325
Exelon
EXC
$46.7B
– –
-3,205
Closed -$110K
11 12
13
14 15

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MAM
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KCM
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DAM
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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.