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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
VFH icon
401
Vanguard Financials ETF
VFH
$13.8B
$39K 0.02%
+775
New +$52.8K
WM icon
402
Waste Management
WM
$91B
$39K 0.02%
+421
New +$48.3K
MDB icon
403
MongoDB
MDB
$32.1B
$38K 0.02%
+280
New +$41.3K
TOTL icon
404
State Street DoubleLine Total Return Tactical ETF
TOTL
$4B
$38K 0.02%
+796
New +$39.1K
VGK icon
405
Vanguard FTSE Europe ETF
VGK
$31.1B
$38K 0.02%
+882
New +$46.7K
BFH icon
406
Bread Financial
BFH
$4.38B
$37K 0.02%
+1,362
New +$92.8K
ETB
407
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$458M
$36K 0.02%
+2,993
New +$45.4K
IYH icon
408
iShares US Healthcare ETF
IYH
$3.71B
$36K 0.02%
+950
New +$39.1K
IYR icon
409
iShares US Real Estate ETF
IYR
$4.57B
$36K 0.02%
+513
New +$45.4K
KMI icon
410
Kinder Morgan
KMI
$68.7B
$36K 0.02%
+2,588
New +$49.3K
SCHW
411
Charles Schwab
SCHW
$187B
$36K 0.02%
+1,069
New +$44.9K
VLO icon
412
Valero Energy
VLO
$85.9B
$36K 0.02%
+800
New +$58.1K
VXUS icon
413
Vanguard Total International Stock ETF
VXUS
$163B
$36K 0.02%
+850
New +$43.2K
AMAT icon
414
Applied Materials
AMAT
$428B
$35K 0.02%
+764
New +$43.9K
FTSD icon
415
Franklin Short Duration US Government ETF
FTSD
$308M
$35K 0.02%
+373
New +$35.3K
ZBH icon
416
Zimmer Biomet
ZBH
$18.4B
$35K 0.02%
+362
New +$47.5K
CCL icon
417
Carnival Corporation Ltd
CCL
$39.7B
$34K 0.02%
+2,555
New +$90.9K
CSB icon
418
VictoryShares US Small Cap High Div Volatility Wtd ETF
CSB
$266M
$34K 0.02%
+1,089
New +$44.5K
ETN icon
419
Eaton
ETN
$174B
$34K 0.02%
+440
New +$40.3K
ICVT icon
420
iShares Convertible Bond ETF
ICVT
$7.46B
$34K 0.02%
+628
New +$38.8K
IGSB icon
421
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.3B
$34K 0.02%
+658
New +$35K
BP icon
422
BP
BP
$107B
$33K 0.01%
+1,345
New +$43.5K
F icon
423
Ford
F
$55.7B
$33K 0.01%
+6,864
New +$51.5K
LULU icon
424
lululemon athletica
LULU
$14.6B
$33K 0.01%
+174
New +$38.9K
RITM icon
425
Rithm Capital
RITM
$5.69B
$33K 0.01%
+6,602
New +$95.7K
15 16
17
18 19

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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.