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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
IWD icon
501
iShares Russell 1000 Value ETF
IWD
$83.7B
– –
-2,190
Closed -$281K
IWF icon
502
iShares Russell 1000 Growth ETF
IWF
$127B
– –
-5,192
Closed -$207K
IWM icon
503
iShares Russell 2000 ETF
IWM
$82.9B
– –
-5,697
Closed -$862K
IWN icon
504
iShares Russell 2000 Value ETF
IWN
$14.6B
– –
-2,112
Closed -$252K
IWO icon
505
iShares Russell 2000 Growth ETF
IWO
$15B
– –
-21,649
Closed -$4.17M
IWP icon
506
iShares Russell Mid-Cap Growth ETF
IWP
$20.7B
– –
-24,046
Closed -$1.7M
IWR icon
507
iShares Russell Mid-Cap ETF
IWR
$57.4B
– –
-658
Closed -$37K
IWS icon
508
iShares Russell Mid-Cap Value ETF
IWS
$16B
– –
-598
Closed -$54K
IXC icon
509
iShares Global Energy ETF
IXC
$2.78B
– –
-250
Closed -$8K
IXJ icon
510
iShares Global Healthcare ETF
IXJ
$4.17B
– –
-26
Closed -$2K
IXN icon
511
iShares Global Tech ETF
IXN
$8.79B
– –
-588
Closed -$18K
IYE icon
512
iShares US Energy ETF
IYE
$1.72B
– –
-400
Closed -$13K
IYG icon
513
iShares US Financial Services ETF
IYG
$2.2B
– –
-114
Closed -$5K
IYH icon
514
iShares US Healthcare ETF
IYH
$3.52B
– –
-950
Closed -$36K
IYR icon
515
iShares US Real Estate ETF
IYR
$4.66B
– –
-513
Closed -$48K
IYT icon
516
iShares US Transportation ETF
IYT
$2.3B
– –
-324
Closed -$15K
IYW icon
517
iShares US Technology ETF
IYW
$25.1B
– –
-1,188
Closed -$61K
IYZ icon
518
iShares US Telecommunications ETF
IYZ
$1.26B
– –
-200
Closed -$6K
JBLU icon
519
JetBlue
JBLU
$2.28B
– –
-794
Closed -$13K
JCI icon
520
Johnson Controls International
JCI
$92.6B
– –
-615
Closed -$27K
JD icon
521
JD.com
JD
$44.4B
– –
-1,730
Closed -$49K
JEF icon
522
Jefferies Financial Group
JEF
$13.1B
– –
-128
Closed -$2K
JFR icon
523
Nuveen Floating Rate Income Fund
JFR
$1.25B
– –
-4,018
Closed -$39K
JGH icon
524
Nuveen Global High Income Fund
JGH
$355M
– –
-1,150
Closed -$18K
JNJ icon
525
Johnson & Johnson
JNJ
$618B
– –
-3,937
Closed -$509K
19 20
21
22 23

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KCM
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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.