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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
HDV
426
iShares Core High Dividend ETF
HDV
$14.8B
– –
-1,530
Closed -$29K
HEDJ icon
427
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.87B
– –
-740
Closed -$25K
HEFA icon
428
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.64B
– –
-850
Closed -$25K
HES
429
DELISTED
Hess
HES
– –
-60
Closed -$4K
HIG icon
430
Hartford Financial Services
HIG
$39.6B
– –
-117
Closed -$7K
HIMX
431
Himax Technologies
HIMX
$2.4B
– –
-2,000
Closed -$5K
HIX
432
Western Asset High Income Fund II
HIX
$353M
– –
-2,056
Closed -$14K
HON icon
433
Honeywell
HON
$76.3B
– –
-1,411
Closed -$225K
HPE icon
434
Hewlett Packard
HPE
$69.4B
– –
-1,073
Closed -$16K
HPQ icon
435
HP
HPQ
$25.8B
– –
-173
Closed -$3K
HQH
436
abrdn Healthcare Investors
HQH
$1.31B
– –
-4,750
Closed -$87K
HR icon
437
Healthcare Realty
HR
$6.92B
– –
-1,449
Closed -$43K
HSBC icon
438
HSBC
HSBC
$352B
– –
-104
Closed -$4K
HSY icon
439
Hershey
HSY
$36.8B
– –
-656
Closed -$102K
HTUS icon
440
Hull Tactical US ETF
HTUS
$162M
– –
-320
Closed -$8K
HUM icon
441
Humana
HUM
$44.1B
– –
-15
Closed -$4K
HWM icon
442
Howmet Aerospace
HWM
$116B
– –
-449
Closed -$9K
HYD icon
443
VanEck High Yield Muni ETF
HYD
$4.44B
– –
-184
Closed -$12K
HYG icon
444
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
– –
-10,480
Closed -$914K
HYLB icon
445
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
– –
-693
Closed -$28K
HYLS icon
446
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.63B
– –
-1,445
Closed -$70K
HYS icon
447
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
– –
-206
Closed -$21K
HYT icon
448
BlackRock Corporate High Yield Fund
HYT
$1.37B
– –
-7,514
Closed -$81K
IAGG icon
449
iShares Core International Aggregate Bond Fund
IAGG
$11B
– –
-13,568
Closed -$757K
IAI icon
450
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.36B
– –
-44
Closed -$3K
16 17
18
19 20

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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 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.