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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
+8.39%
1 Year Est. Return
+27.5%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$299M
AUM Growth
-$90.4M
Cap. Flow
-$127M
Cap. Flow %
-42.46%
Top 10 Hldgs %
43.18%
Holding
505
New
239
Increased
28
Reduced
149
Closed
80

Top Buys

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$20.7M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$20.2M
3
FTSM icon
First Trust Enhanced Short Maturity ETF
FTSM
+$8.12M
4
FVD icon
First Trust Value Line Dividend Fund
FVD
+$7.55M
5
FTCS icon
First Trust Capital Strength ETF
FTCS
+$6.78M

Top Sells

Rank Stock Value
1
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$75.1M
2
QCLN icon
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
+$35.3M
3
AAPL icon
Apple
AAPL
+$6.61M
4
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$5.07M
5
CIZN
Citizens Holding Co.
CIZN
+$4.48M

Sector Composition

Rank Sector Weight
1 Miscellaneous 69.16%
2 Technology 9.52%
3 Consumer Discretionary 5.56%
4 Financials 4.6%
5 Communication Services 3.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIZN
501
DELISTED
Citizens Holding Co.
CIZN
– –
-179,065
Closed -$4.48M
MCF
502
DELISTED
Contango Oil & Gas Co.
MCF
– –
-14,650
Closed -$34K
17 18 19 20
21

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Golden State Wealth Management's Q3 2020 Portfolio in Review

As of Q3 2020, Golden State Wealth Management held 505 positions worth $299M, down 23% from $390M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Golden State Wealth Management withdrew a net $127M in Q3 2020, closing 80 positions and reducing 149 holdings. Its most notable exit was First Trust NASDAQ Clean Edge Green Energy Index Fund, an estimated $35.3M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 69% of assets, up from 67% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Golden State Wealth Management opened a new position in First Trust Enhanced Short Maturity ETF worth $8.11M.

  • Golden State Wealth Management's largest Q3 2020 buy was First Trust Enhanced Short Maturity ETF: 135,189 shares worth $8.11M.
  • Golden State Wealth Management added most to iShares Core US Aggregate Bond ETF in Q3 2020, an estimated $20.7M increase.
  • Golden State Wealth Management's biggest Q3 2020 reduction was iShares Core S&P Mid-Cap ETF, cutting an estimated $75.1M.
  • Golden State Wealth Management fully exited First Trust NASDAQ Clean Edge Green Energy Index Fund in Q3 2020, selling an estimated $35.3M.
  • Golden State Wealth Management's ten largest holdings make up 43% of its $299M portfolio in Q3 2020.
  • Golden State Wealth Management opened 239 new positions and closed 80 in Q3 2020.
  • Golden State Wealth Management's portfolio value fell 23% quarter-over-quarter to $299M.

Based on Golden State Wealth Management's 13F filing for Q3 2020, filed 12 Nov 2020.