Golden State Wealth Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$29.5M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$16.8M |
| 3 |
First Trust Enhanced Short Maturity ETF
FTSM
|
+$6.12M |
| 4 |
Apple
AAPL
|
+$5.85M |
| 5 |
First Trust Capital Strength ETF
FTCS
|
+$5.65M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab US Broad Market ETF
SCHB
|
+$59.1M |
| 2 |
First Trust Large Cap Value AlphaDEX Fund
FTA
|
+$56.9M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$56.2M |
| 4 |
JPUS
JPMorgan Diversified Return US Equity ETF
JPUS
|
+$53.9M |
| 5 |
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% |
Similar funds
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.