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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
ESGU icon
351
iShares ESG Aware MSCI USA ETF
ESGU
$18.4B
$54K 0.02%
+937
New +$63.8K
MUC icon
352
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$53K 0.02%
+4,000
New +$56K
SHYG icon
353
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.6B
$53K 0.02%
+1,304
New +$58.4K
DSL
354
DoubleLine Income Solutions Fund
DSL
$1.24B
$51K 0.02%
+3,798
New +$69.8K
IP icon
355
International Paper
IP
$22B
$51K 0.02%
+1,732
New +$64.3K
ITW icon
356
Illinois Tool Works
ITW
$84.5B
$51K 0.02%
+361
New +$61.3K
PAYC icon
357
Paycom
PAYC
$9.69B
$51K 0.02%
+250
New +$68.5K
IEI icon
358
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
$50K 0.02%
+373
New +$48.1K
NEE icon
359
NextEra Energy
NEE
$177B
$50K 0.02%
+836
New +$52.6K
SPIP icon
360
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
$50K 0.02%
+1,719
New +$49.6K
TXN icon
361
Texas Instruments
TXN
$261B
$50K 0.02%
+500
New +$60K
WELL icon
362
Welltower
WELL
$171B
$50K 0.02%
+1,098
New +$81K
XLU icon
363
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
$50K 0.02%
+1,800
New +$57.6K
AMT icon
364
American Tower
AMT
$80.4B
$49K 0.02%
+225
New +$52.4K
MGC icon
365
Vanguard Morningstar Mega Cap ETF
MGC
$10.4B
$49K 0.02%
+540
New +$57.6K
SPTL icon
366
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.8B
$49K 0.02%
+1,046
New +$44.7K
ULTA icon
367
Ulta Beauty
ULTA
$24.3B
$49K 0.02%
+277
New +$69.1K
KMB icon
368
Kimberly-Clark
KMB
$36.5B
$47K 0.02%
+368
New +$50.9K
LITE icon
369
Lumentum
LITE
$69.3B
$47K 0.02%
+632
New +$49.7K
PREF icon
370
Principal Spectrum Preferred Securities Active ETF
PREF
$1.78B
$47K 0.02%
+2,665
New +$52.3K
PSX icon
371
Phillips 66
PSX
$81.4B
$47K 0.02%
+876
New +$71.3K
NLY icon
372
Annaly Capital Management
NLY
$17.4B
$46K 0.02%
+2,292
New +$80.6K
QNCX icon
373
Quince Therapeutics
QNCX
$29.5M
$46K 0.02%
+5
New +$49.4K
SJM icon
374
J.M. Smucker
SJM
$12.8B
$46K 0.02%
+415
New +$44.4K
BBH icon
375
VanEck Biotech ETF
BBH
$422M
$45K 0.02%
+350
New +$47.1K
13 14
15
16 17

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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
Pitcairn Wealth Advisors Conshohocken, Pennsylvania $1.09B AUM

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.