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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
EXG icon
326
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$3.04B
– –
-4,822
Closed -$40K
EXPE icon
327
Expedia Group
EXPE
$36.8B
– –
-88
Closed -$12K
AGNT
328
AGNT Inc
AGNT
$690M
– –
-200
Closed -$1K
EZA icon
329
iShares MSCI South Africa ETF
EZA
$568M
– –
-20
Closed -$1K
EZU icon
330
iShare MSCI Eurozone ETF
EZU
$9.84B
– –
-62
Closed -$2K
F icon
331
Ford
F
$55B
– –
-8,374
Closed -$77K
FAD icon
332
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$586M
– –
-13,357
Closed -$979K
FAF icon
333
First American
FAF
$7.67B
– –
-453
Closed -$27K
FAST icon
334
Fastenal
FAST
$58.3B
– –
-800
Closed -$13K
FAX
335
abrdn Asia-Pacific Income Fund
FAX
$595M
– –
-22,281
Closed -$560K
FBT icon
336
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.74B
– –
-1,685
Closed -$209K
FCG icon
337
First Trust Natural Gas ETF
FCG
$621M
– –
-160
Closed -$2K
FCO
338
DELISTED
abrdn Global Income Fund
FCO
– –
-54
Closed –
FCX icon
339
Freeport-McMoran
FCX
$95.5B
– –
-1,508
Closed -$14K
FDL icon
340
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.77B
– –
-34,230
Closed -$1.06M
FDM icon
341
First Trust Dow Jones Select MicroCap Index Fund
FDM
$270M
– –
-565
Closed -$26K
FDN icon
342
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.34B
– –
-90
Closed -$12K
FDT icon
343
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.31B
– –
-10,890
Closed -$570K
FDX icon
344
FedEx
FDX
$74.7B
– –
-915
Closed -$133K
FE icon
345
FirstEnergy
FE
$27.4B
– –
-400
Closed -$19K
FEM icon
346
First Trust Emerging Markets AlphaDEX Fund
FEM
$772M
– –
-1,900
Closed -$45K
FEX icon
347
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.6B
– –
-10,008
Closed -$609K
FFIV icon
348
F5
FFIV
$23.5B
– –
-950
Closed -$133K
SYSB
349
iShares Systematic Bond ETF
SYSB
$1.17B
– –
-271
Closed -$27K
FINX icon
350
Global X FinTech ETF
FINX
$171M
– –
-700
Closed -$20K
12 13
14
15 16

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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 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.