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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
SDY icon
426
State Street SPDR S&P Dividend ETF
SDY
$22.1B
$33K 0.01%
+409
New +$40.3K
BB icon
427
BlackBerry
BB
$5.26B
$32K 0.01%
+7,650
New +$41.6K
PRU icon
428
Prudential Financial
PRU
$41.8B
$32K 0.01%
+615
New +$48.9K
SPLV icon
429
Invesco S&P 500 Low Volatility ETF
SPLV
$7.22B
$32K 0.01%
+692
New +$38.7K
XYZ
430
Block Inc
XYZ
$47.5B
$32K 0.01%
+620
New +$42.4K
ADSK icon
431
Autodesk
ADSK
$52.6B
$31K 0.01%
+200
New +$36.7K
AZN icon
432
AstraZeneca
AZN
$250B
$31K 0.01%
+350
New +$32.9K
EIM
433
Eaton Vance Municipal Bond Fund
EIM
$499M
$31K 0.01%
+2,519
New +$32.3K
EPS icon
434
WisdomTree US LargeCap Fund
EPS
$1.65B
$31K 0.01%
+1,100
New +$37.5K
ESGE icon
435
iShares ESG Aware MSCI EM ETF
ESGE
$6.73B
$31K 0.01%
+1,143
New +$37.7K
GWX icon
436
State Street SPDR S&P International Small Cap ETF
GWX
$913M
$31K 0.01%
+1,354
New +$37.9K
IWS icon
437
iShares Russell Mid-Cap Value ETF
IWS
$15.9B
$31K 0.01%
+490
New +$41.9K
PGZ
438
Principal Real Estate Income Fund
PGZ
$68.7M
$31K 0.01%
+2,524
New +$48.4K
XLE icon
439
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
$31K 0.01%
+2,146
New +$50.9K
DGRW icon
440
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.3B
$30K 0.01%
+769
New +$34.9K
PNC icon
441
PNC Financial Services
PNC
$101B
$30K 0.01%
+313
New +$42K
SHY icon
442
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
$30K 0.01%
+349
New +$29.8K
Z icon
443
Zillow
Z
$7.56B
$30K 0.01%
+830
New +$38.3K
SPLK
444
DELISTED
Splunk Inc
SPLK
$30K 0.01%
+238
New +$35K
CNNE icon
445
Cannae Holdings
CNNE
$649M
$29K 0.01%
+857
New +$31.8K
DBE icon
446
Invesco DB Energy Fund
DBE
$85.3M
$29K 0.01%
+3,565
New +$42K
DSM
447
BNY Mellon Strategic Municipal Bond Fund
DSM
$293M
$29K 0.01%
+4,032
New +$31.4K
GVA icon
448
Granite Construction
GVA
$5.62B
$29K 0.01%
+1,935
New +$43.4K
PCG icon
449
PG&E
PCG
$38.5B
$29K 0.01%
+3,276
New +$43.5K
SPSB icon
450
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$29K 0.01%
+962
New +$29.4K
16 17
18
19 20

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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
YCG LLC Austin, Texas $1.1B AUM 4.87% 1-Year Est. Return
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.