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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
MBB icon
576
iShares MBS ETF
MBB
$39.1B
– –
-279
Closed -$30K
MCHI icon
577
iShares MSCI China ETF
MCHI
$6.38B
– –
-709
Closed -$40K
MCK icon
578
McKesson
MCK
$101B
– –
-570
Closed -$78K
MDB icon
579
MongoDB
MDB
$32.1B
– –
-300
Closed -$36K
MDLZ icon
580
Mondelez International
MDLZ
$79.9B
– –
-3,165
Closed -$175K
MDT icon
581
Medtronic
MDT
$112B
– –
-812
Closed -$88K
MDU icon
582
MDU Resources
MDU
$4.3B
– –
-605
Closed -$6K
MDY icon
583
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
– –
-2,003
Closed -$706K
MET icon
584
MetLife
MET
$62.4B
– –
-389
Closed -$18K
META icon
585
Meta Platforms (Facebook)
META
$1.51T
– –
-6,263
Closed -$1.11M
MFC icon
586
Manulife Financial
MFC
$73.5B
– –
-902
Closed -$17K
MFIC icon
587
MidCap Financial Investment
MFIC
$804M
– –
-15,933
Closed -$256K
MGC icon
588
Vanguard Morningstar Mega Cap ETF
MGC
$10.4B
– –
-540
Closed -$56K
MGK icon
589
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34.2B
– –
-1,000
Closed -$27K
MGM icon
590
MGM Resorts International
MGM
$11.2B
– –
-1,100
Closed -$30K
MHK icon
591
Mohawk Industries
MHK
$9.22B
– –
-45
Closed -$6K
MINT icon
592
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
– –
-3,852
Closed -$392K
MJ icon
593
Amplify Alternative Harvest ETF
MJ
$105M
– –
-138
Closed -$34K
MKC icon
594
McCormick & Company Non-Voting
MKC
$14.2B
– –
-240
Closed -$19K
MLM icon
595
Martin Marietta Materials
MLM
$33B
– –
-41
Closed -$11K
MLPX icon
596
Global X MLP & Energy Infrastructure ETF
MLPX
$3.53B
– –
-42
Closed -$2K
MRSH
597
Marsh
MRSH
$91.5B
– –
-46
Closed -$5K
MMD
598
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$282M
– –
-20,019
Closed -$420K
MMM icon
599
3M
MMM
$94.3B
– –
-1,219
Closed -$168K
MMT
600
Aberdeen Multi-Market Income Fund
MMT
$243M
– –
-1,400
Closed -$8K
22 23
24
25 26

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PHS
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MAM
Mark Asset Management New York $1.1B AUM 43.79% 1-Year Est. Return
KCM
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DAM
DLD Asset Management New York $1.1B AUM 4.68% 1-Year Est. Return
MIA
MMBG Investment Advisors Miami, Florida $1.09B AUM 30.96% 1-Year Est. Return
YL
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PWA
Pitcairn Wealth Advisors Conshohocken, Pennsylvania $1.09B AUM

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.