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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
SVC
576
Service Properties Trust
SVC
$1.07B
$13K 0.01%
+472
New +$42.3K
UGI icon
577
UGI
UGI
$7.33B
$13K 0.01%
+497
New +$18.8K
JPS
578
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$13K 0.01%
+1,760
New +$16.3K
RTL
579
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
$13K 0.01%
+2,088
New +$23.2K
MTOR
580
DELISTED
MERITOR, Inc.
MTOR
$13K 0.01%
+967
New +$20.8K
AFL icon
581
Aflac
AFL
$62.6B
$12K 0.01%
+342
New +$15.6K
BGR icon
582
BlackRock Energy and Resources Trust
BGR
$405M
$12K 0.01%
+1,830
New +$18.2K
CCI icon
583
Crown Castle
CCI
$32.2B
$12K 0.01%
+84
New +$12.5K
CTVA icon
584
Corteva
CTVA
$51.3B
$12K 0.01%
+513
New +$14.1K
DHR icon
585
Danaher
DHR
$144B
$12K 0.01%
+96
New +$12.9K
ENB icon
586
Enbridge
ENB
$112B
$12K 0.01%
+417
New +$15.5K
EWX icon
587
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$693M
$12K 0.01%
+375
New +$15.7K
HPQ icon
588
HP
HPQ
$27.5B
$12K 0.01%
+668
New +$13.5K
IRM icon
589
Iron Mountain
IRM
$36.1B
$12K 0.01%
+500
New +$15.1K
IWV icon
590
iShares Russell 3000 ETF
IWV
$20.4B
$12K 0.01%
+81
New +$14.4K
PJP icon
591
Invesco Pharmaceuticals ETF
PJP
$498M
$12K 0.01%
+219
New +$13.3K
QEFA icon
592
State Street SPDR MSCI EAFE StrategicFactors ETF
QEFA
$1.08B
$12K 0.01%
+230
New +$14.2K
SPMD icon
593
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.9B
$12K 0.01%
+474
New +$15.5K
SYK icon
594
Stryker
SYK
$130B
$12K 0.01%
+70
New +$13.7K
TCOM icon
595
Trip.com Group
TCOM
$29.1B
$12K 0.01%
+500
New +$15.6K
VPU
596
Vanguard Utilities ETF
VPU
$8.44B
$12K 0.01%
+100
New +$14.1K
AVK
597
Advent Convertible and Income Fund
AVK
$563M
$11K ﹤0.01%
+1,054
New +$14.7K
BLCN
598
DELISTED
Siren ETF Trust Siren NexGen Economy ETF
BLCN
$11K ﹤0.01%
+500
New +$12.4K
BSX icon
599
Boston Scientific
BSX
$71.5B
$11K ﹤0.01%
+336
New +$13.1K
BXMT icon
600
Blackstone Mortgage Trust
BXMT
$2.38B
$11K ﹤0.01%
+566
New +$19.2K
22 23
24
25 26

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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.