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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
FV icon
26
First Trust Dorsey Wright Focus 5 ETF
FV
$3.77B
$1.73M 0.76%
+67,241
New +$2.03M
DIA icon
27
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.5B
$1.6M 0.71%
+7,309
New +$1.94M
VT icon
28
Vanguard Total World Stock ETF
VT
$79.8B
$1.47M 0.65%
+23,424
New +$1.77M
PCI
29
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$1.44M 0.64%
+85,756
New +$1.99M
LMT icon
30
Lockheed Martin
LMT
$136B
$1.38M 0.61%
+4,076
New +$1.6M
XLF icon
31
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$1.36M 0.6%
+65,229
New +$1.8M
V icon
32
Visa
V
$677B
$1.34M 0.59%
+8,330
New +$1.57M
VDC icon
33
Vanguard Consumer Staples ETF
VDC
$7.99B
$1.3M 0.58%
+9,462
New +$1.46M
HD icon
34
Home Depot
HD
$355B
$1.3M 0.57%
+6,970
New +$1.53M
VTV icon
35
Vanguard Morningstar Value ETF
VTV
$191B
$1.14M 0.5%
+12,748
New +$1.4M
COST icon
36
Costco
COST
$420B
$1.09M 0.48%
+3,832
New +$1.16M
JPM icon
37
JPMorgan Chase
JPM
$950B
$1.03M 0.45%
11,438
+8,503
+290% +$1.03M
XLP icon
38
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
$1.02M 0.45%
+18,647
New +$1.13M
GOOG icon
39
Alphabet (Google) Class C
GOOG
$4.32T
$974K 0.43%
+16,760
New +$1.14M
IWP icon
40
iShares Russell Mid-Cap Growth ETF
IWP
$20.7B
$967K 0.43%
+15,904
New +$1.16M
NOC icon
41
Northrop Grumman
NOC
$81.2B
$918K 0.4%
+3,033
New +$1.06M
VZ icon
42
Verizon
VZ
$196B
$874K 0.39%
16,266
+11,730
+259% +$671K
USMV icon
43
iShares MSCI USA Min Vol Factor ETF
USMV
$24.2B
$856K 0.38%
+15,857
New +$1.01M
MO icon
44
Altria Group
MO
$114B
$846K 0.37%
21,881
+16,877
+337% +$749K
VOO icon
45
Vanguard S&P 500 ETF
VOO
$1.01T
$815K 0.36%
+3,443
New +$965K
META icon
46
Meta Platforms (Facebook)
META
$1.51T
$803K 0.35%
+4,817
New +$943K
VIG icon
47
Vanguard Dividend Appreciation ETF
VIG
$114B
$801K 0.35%
+7,750
New +$925K
QCOM icon
48
Qualcomm
QCOM
$176B
$775K 0.34%
+11,463
New +$940K
BRK.B icon
49
Berkshire Hathaway Class B
BRK.B
$1.13T
$774K 0.34%
4,236
+1,677
+66% +$356K
BIV icon
50
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
$763K 0.34%
+8,539
New +$758K
1
2
3 4 5

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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
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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.