GSWM

Golden State Wealth Management Portfolio holdings

AUM $822M

2025 Q2 2025 Q1 2024 Q4 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1

This Quarter Return

+2.75%

1 Year Return

–

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$667M

AUM Growth

–

Cap. Flow

+$667M

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

31.56%

Holding

1,513

New

1,513

Increased

–

Reduced

–

Closed

–

Top Buys

1	iShares Core S&P 500 ETF IVV	$54M
2	Apple AAPL	$31M
3	iShares Core US Aggregate Bond ETF AGG	$23.4M
4	First Trust Value Line Dividend Fund FVD	$20.3M
5	Invesco QQQ Trust QQQ	$15.6M

Top Sells

No sells this quarter

Sector Composition

1	Technology	10.78%
2	Consumer Discretionary	5.01%
3	Financials	4.88%
4	Communication Services	2.77%
5	Industrials	1.97%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
426	426 VictoryShares Free Cash Flow ETF VFLO $4.64B	$102K	0.02%	+3,000	New	+$102K
427	427 PIMCO Dynamic Income Fund PDI $7.58B	$101K	0.02%	+5,533	New	+$101K
428	428 Robinhood HOOD $90B	$101K	0.02%	+2,722	New	+$101K
429	429 International Paper IP $25.7B	$101K	0.02%	+1,883	New	+$101K
430	430 Invesco Variable Rate Investment Grade ETF VRIG $1.27B	$100K	0.02%	+3,984	New	+$100K
431	431 Prologis PLD $105B	$99.6K	0.01%	+942	New	+$99.6K
432	432 iShares Core S&P US Value ETF IUSV $22B	$99.1K	0.01%	+1,070	New	+$99.1K
433	433 Invesco Dividend Achievers ETF PFM $724M	$98.6K	0.01%	+2,151	New	+$98.6K
434	434 AB InBev BUD $118B	$98.5K	0.01%	+1,966	New	+$98.5K
435	435 Amplify High Income ETF YYY $604M	$98.4K	0.01%	+8,537	New	+$98.4K
436	436 Hartford Multifactor Developed Markets ex-US ETF RODM $1.23B	$97.8K	0.01%	+3,440	New	+$97.8K
437	437 Aon AON $79.9B	$96.3K	0.01%	+268	New	+$96.3K
438	438 CION Investment CION $534M	$96.2K	0.01%	+8,434	New	+$96.2K
439	439 AT&T T $212B	$95.6K	0.01%	+4,198	New	+$95.6K
440	440 AllianceBernstein AB $4.29B	$95.5K	0.01%	+2,575	New	+$95.5K
441	441 Carnival Corp CCL $42.8B	$94.1K	0.01%	+3,777	New	+$94.1K
442	442 Truist Financial TFC $60B	$94K	0.01%	+2,167	New	+$94K
443	443 Liberty All-Star Equity Fund USA $1.94B	$93.9K	0.01%	+13,507	New	+$93.9K
444	444 iShares S&P GSCI Commodity-Indexed Trust GSG $1.03B	$93.2K	0.01%	+4,279	New	+$93.2K
445	445 Emerson Electric EMR $74.6B	$93.1K	0.01%	+751	New	+$93.1K
446	446 J.M. Smucker SJM $12B	$91.9K	0.01%	+834	New	+$91.9K
447	447 Grayscale Bitcoin Trust GBTC $44.8B	$91.8K	0.01%	+1,240	New	+$91.8K
448	448 Kinder Morgan KMI $59.1B	$91.8K	0.01%	+3,348	New	+$91.8K
449	449 BCE BCE $23.1B	$91.6K	0.01%	+3,950	New	+$91.6K
450	450 Vanguard Short-Term Corporate Bond ETF VCSH $35.4B	$90.9K	0.01%	+1,165	New	+$90.9K