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GSWM

Golden State Wealth Management Portfolio holdings

AUM $1.1B
1-Year Est. Return 27.49%
This Fund
S&P 500
This Quarter Est. Return
+7.1%
1 Year Est. Return
+27.49%
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
SCHZ icon
26
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
$1.01M 0.19%
+37,924
New +$1.02M
FNDA icon
27
Schwab Fundamental US Small Company Index ETF
FNDA
$9.27B
$952K 0.18%
47,314
+47,290
+197,042% +$919K
FSS icon
28
Federal Signal
FSS
$7.88B
$895K 0.17%
+27,766
New +$905K
CXP
29
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$862K 0.16%
+41,215
New +$845K
IVE icon
30
iShares S&P 500 Value ETF
IVE
$49.3B
$651K 0.12%
5,006
+4,203
+523% +$523K
BRK.B icon
31
Berkshire Hathaway Class B
BRK.B
$1.11T
$580K 0.11%
2,559
-911
-26% -$198K
AMZN icon
32
Amazon
AMZN
$3.06T
$538K 0.1%
5,820
-60,020
-91% -$5.31M
JPM icon
33
JPMorgan Chase
JPM
$937B
$409K 0.08%
2,935
-12,298
-81% -$1.58M
BA icon
34
Boeing
BA
$185B
$371K 0.07%
1,137
-3,857
-77% -$1.37M
VV icon
35
Vanguard Morningstar Large-Cap ETF
VV
$53.2B
$348K 0.07%
2,354
+1,971
+515% +$279K
CSCO icon
36
Cisco
CSCO
$457B
$343K 0.07%
7,158
-3,478
-33% -$162K
MQT
37
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$322K 0.06%
+24,758
New +$320K
CVX icon
38
Chevron
CVX
$385B
$320K 0.06%
2,654
-4,969
-65% -$585K
MUH
39
DELISTED
Blackrock Muniholdings Fund II, Inc.
MUH
$317K 0.06%
+20,828
New +$311K
CAT icon
40
Caterpillar
CAT
$382B
$306K 0.06%
2,070
-1,109
-35% -$155K
T icon
41
AT&T
T
$162B
$298K 0.06%
10,109
-22,001
-69% -$635K
KO icon
42
Coca-Cola
KO
$374B
$282K 0.05%
5,091
-2,147
-30% -$115K
PFE icon
43
Pfizer
PFE
$143B
$282K 0.05%
7,579
-3,324
-30% -$118K
PG icon
44
Procter & Gamble
PG
$338B
$282K 0.05%
2,254
-828
-27% -$101K
VZ icon
45
Verizon
VZ
$198B
$279K 0.05%
4,536
-10,586
-70% -$639K
MSFT icon
46
Microsoft
MSFT
$3.62T
$277K 0.05%
1,758
-9,070
-84% -$1.33M
DAL icon
47
Delta Air Lines
DAL
$60.2B
$270K 0.05%
+4,618
New +$259K
INTC icon
48
Intel
INTC
$459B
$259K 0.05%
4,323
-1,402
-24% -$78.5K
MO icon
49
Altria Group
MO
$114B
$250K 0.05%
5,004
-21,879
-81% -$1.03M
XOM icon
50
ExxonMobil
XOM
$643B
$250K 0.05%
3,587
-14,674
-80% -$1.01M
1
2
3 4 5

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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.