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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
MNKD icon
601
MannKind Corp
MNKD
$1.32B
– –
-208
Closed –
MNST icon
602
Monster Beverage
MNST
$88.4B
– –
-400
Closed -$12K
MOAT icon
603
VanEck Morningstar Wide Moat ETF
MOAT
$12.3B
– –
-2,295
Closed -$115K
MOMO
604
Hello Group
MOMO
$866M
– –
-350
Closed -$11K
MOO icon
605
VanEck Agribusiness ETF
MOO
$969M
– –
-105
Closed -$7K
MPC icon
606
Marathon Petroleum
MPC
$83.7B
– –
-684
Closed -$42K
MRK icon
607
Merck
MRK
$318B
– –
-7,000
Closed -$562K
MS icon
608
Morgan Stanley
MS
$340B
– –
-14,425
Closed -$616K
MSB
609
Mesabi Trust
MSB
$306M
– –
-80
Closed -$2K
MSGS icon
610
Madison Square Garden
MSGS
$9.39B
– –
-708
Closed -$133K
MTUM icon
611
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
– –
-35,870
Closed -$4.28M
MTW icon
612
Manitowoc
MTW
$675M
– –
-2,300
Closed -$29K
MU icon
613
Micron Technology
MU
$991B
– –
-3,550
Closed -$152K
MUB icon
614
iShares National Muni Bond ETF
MUB
$45.5B
– –
-1,688
Closed -$193K
MUC icon
615
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
– –
-4,000
Closed -$56K
MUFG icon
616
Mitsubishi UFJ Financial
MUFG
$254B
– –
-1,000
Closed -$5K
NAVI icon
617
Navient
NAVI
$853M
– –
-11,540
Closed -$148K
NBIX icon
618
Neurocrine Biosciences
NBIX
$16.6B
– –
-54
Closed -$5K
NDAQ icon
619
Nasdaq
NDAQ
$52.9B
– –
-750
Closed -$25K
NDSN icon
620
Nordson
NDSN
$17.3B
– –
-857
Closed -$125K
NEA icon
621
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
– –
-3,200
Closed -$46K
NEE icon
622
NextEra Energy
NEE
$177B
– –
-380
Closed -$22K
NFLX icon
623
Netflix
NFLX
$309B
– –
-8,880
Closed -$238K
NGG icon
624
National Grid
NGG
$81.3B
– –
-49
Closed -$2K
NI icon
625
NiSource
NI
$20.4B
– –
-23
Closed -$1K
23 24
25
26 27

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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
YCG LLC Austin, Texas $1.1B AUM 4.87% 1-Year Est. Return
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.