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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
JD icon
326
JD.com
JD
$44.5B
$61K 0.03%
+1,496
New +$59.8K
VCLT icon
327
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.81B
$61K 0.03%
+624
New +$63.2K
BLK icon
328
Blackrock
BLK
$176B
$60K 0.03%
+136
New +$67K
ES icon
329
Eversource Energy
ES
$27.2B
$60K 0.03%
+767
New +$67.3K
PODD icon
330
Insulet
PODD
$9.79B
$60K 0.03%
+360
New +$65.8K
SPTM icon
331
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14.1B
$60K 0.03%
+1,894
New +$71.3K
EBND icon
332
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.29B
$59K 0.03%
+2,395
New +$64.2K
ELV icon
333
Elevance Health
ELV
$85.5B
$59K 0.03%
+261
New +$71.1K
STM icon
334
STMicroelectronics
STM
$50B
$59K 0.03%
+2,775
New +$73.2K
XLI icon
335
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
$59K 0.03%
+1,006
New +$75.8K
EWJ icon
336
iShares MSCI Japan ETF
EWJ
$22.8B
$58K 0.03%
+1,175
New +$64.6K
ISTB icon
337
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.13B
$58K 0.03%
+1,148
New +$57.9K
VONV icon
338
Vanguard Russell 1000 Value ETF
VONV
$22B
$58K 0.03%
+1,324
New +$72.5K
HAL icon
339
Halliburton
HAL
$26.6B
$57K 0.03%
+8,253
New +$144K
WBA
340
DELISTED
Walgreens Boots Alliance
WBA
$57K 0.03%
+1,245
New +$63.2K
GD icon
341
General Dynamics
GD
$106B
$56K 0.02%
+424
New +$70.4K
GIS icon
342
General Mills
GIS
$19.7B
$56K 0.02%
+1,056
New +$55.8K
IVOV icon
343
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.37B
$56K 0.02%
+1,320
New +$75.6K
SO icon
344
Southern Company
SO
$107B
$56K 0.02%
+1,033
New +$65.4K
VSS icon
345
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
$56K 0.02%
+718
New +$71.4K
EA
346
DELISTED
Electronic Arts
EA
$55K 0.02%
+545
New +$57.4K
OGIG icon
347
ALPS O'Shares Global Internet Giants ETF
OGIG
$113M
$55K 0.02%
+2,210
New +$59.8K
UBER icon
348
Uber
UBER
$153B
$55K 0.02%
+1,970
New +$64.8K
CLX icon
349
Clorox
CLX
$12.7B
$54K 0.02%
+310
New +$51.2K
EIX icon
350
Edison International
EIX
$26.4B
$54K 0.02%
+986
New +$68.3K
12 13
14
15 16

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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
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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.