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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
GILD icon
376
Gilead Sciences
GILD
$165B
$45K 0.02%
+603
New +$41.7K
ICE icon
377
Intercontinental Exchange
ICE
$84.4B
$45K 0.02%
+556
New +$50.4K
KHC icon
378
Kraft Heinz
KHC
$30B
$45K 0.02%
+1,820
New +$49.9K
URI icon
379
United Rentals
URI
$72.4B
$45K 0.02%
+435
New +$57.7K
RDS.B
380
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$45K 0.02%
+1,363
New +$63.9K
HYLS icon
381
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.64B
$44K 0.02%
+1,045
New +$48.9K
VLUE icon
382
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$44K 0.02%
+695
New +$56.2K
BKI
383
DELISTED
Black Knight, Inc. Common Stock
BKI
$44K 0.02%
+762
New +$49.9K
TXT icon
384
Textron
TXT
$15.4B
$43K 0.02%
+1,600
New +$64.6K
VFC icon
385
VF Corp
VFC
$5.89B
$43K 0.02%
+798
New +$62.2K
DFS
386
DELISTED
Discover Financial Services
DFS
$42K 0.02%
+1,173
New +$77.7K
EFV icon
387
iShares MSCI EAFE Value ETF
EFV
$30.2B
$42K 0.02%
+1,179
New +$52.4K
HE icon
388
Hawaiian Electric Industries
HE
$2.14B
$42K 0.02%
+981
New +$45.4K
RDS.A
389
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$42K 0.02%
+1,210
New +$56.5K
JPI
390
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$41K 0.02%
+2,231
New +$52.6K
USA icon
391
Liberty All-Star Equity Fund
USA
$1.85B
$41K 0.02%
+8,560
New +$52.9K
VMC icon
392
Vulcan Materials
VMC
$36.9B
$41K 0.02%
+381
New +$48.7K
MNK
393
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$41K 0.02%
+20,476
New +$77.6K
CL icon
394
Colgate-Palmolive
CL
$74.4B
$40K 0.02%
+599
New +$42.2K
SCZ icon
395
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
$40K 0.02%
+888
New +$49.4K
WDIV icon
396
State Street SPDR S&P Global Dividend ETF
WDIV
$281M
$40K 0.02%
+840
New +$53.9K
CB icon
397
Chubb
CB
$135B
$39K 0.02%
+346
New +$49.6K
DNP icon
398
DNP Select Income Fund
DNP
$4.09B
$39K 0.02%
+4,000
New +$48K
KSS icon
399
Kohl's
KSS
$2.19B
$39K 0.02%
+2,650
New +$99.3K
REGL icon
400
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.82B
$39K 0.02%
+870
New +$48.1K
14 15
16
17 18

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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.