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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
FIS icon
351
Fidelity National Information Services
FIS
$21.8B
– –
-827
Closed -$110K
FIW icon
352
First Trust Water ETF
FIW
$1.94B
– –
-142
Closed -$8K
FLMB icon
353
Franklin Municipal Green Bond ETF
FLMB
$75.2M
– –
-100
Closed -$3K
FLOT icon
354
iShares Floating Rate Bond ETF
FLOT
$10.3B
– –
-649
Closed -$33K
FLRN icon
355
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.09B
– –
-500
Closed -$15K
FMB icon
356
First Trust Managed Municipal ETF
FMB
$2.06B
– –
-4,436
Closed -$246K
FNDC icon
357
Schwab Fundamental International Small Company Index ETF
FNDC
$3.15B
– –
-15
Closed –
FNDE icon
358
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.8B
– –
-151
Closed -$4K
FNDX icon
359
Schwab Fundamental US Large Company Index ETF
FNDX
$27.3B
– –
-57
Closed -$1K
FNDF icon
360
Schwab Fundamental International Large Company Index ETF
FNDF
$25.4B
– –
-18
Closed –
FNF icon
361
Fidelity National Financial
FNF
$13.7B
– –
-2,590
Closed -$111K
FNKO icon
362
Funko
FNKO
$333M
– –
-500
Closed -$10K
FOX icon
363
Fox Class B
FOX
$23.6B
– –
-58
Closed -$2K
FOXA icon
364
Fox Class A
FOXA
$26.5B
– –
-6
Closed –
FPE icon
365
First Trust Preferred Securities and Income ETF
FPE
$6.35B
– –
-14,745
Closed -$291K
FPF
366
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
– –
-1,500
Closed -$35K
FPX icon
367
First Trust US Equity Opportunities ETF
FPX
$1.5B
– –
-52,015
Closed -$3.94M
FRA icon
368
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
– –
-7
Closed –
FSK icon
369
FS KKR Capital
FSK
$3.4B
– –
-16,127
Closed -$376K
FTC icon
370
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.38B
– –
-2,130
Closed -$149K
FTCS icon
371
First Trust Capital Strength ETF
FTCS
$7.94B
– –
-79,756
Closed -$4.53M
FTLS icon
372
First Trust Long/Short Equity ETF
FTLS
$2.5B
– –
-18
Closed -$1K
FTSD icon
373
Franklin Short Duration US Government ETF
FTSD
$302M
– –
-16,369
Closed -$1.55M
FTSL icon
374
First Trust Senior Loan Fund ETF
FTSL
$2.33B
– –
-4,900
Closed -$232K
FTSM icon
375
First Trust Enhanced Short Maturity ETF
FTSM
$6.5B
– –
-91,665
Closed -$5.51M
13 14
15
16 17

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MAM
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KCM
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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.