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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
NIO icon
626
NIO
NIO
$11.9B
– –
-9,175
Closed -$14K
NKE icon
627
CALL
Nike
NKE
$61.9B
– –
-11
Closed -$5K
NKE icon
628
Nike
NKE
$61.9B
– –
-8,820
Closed -$828K
NKX icon
629
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$657M
– –
-656
Closed -$10K
NLY icon
630
Annaly Capital Management
NLY
$17.4B
– –
-1,027
Closed -$36K
NOBL icon
631
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$12B
– –
-6,426
Closed -$230K
NOC icon
632
Northrop Grumman
NOC
$81.2B
– –
-3,106
Closed -$1.16M
NOK icon
633
Nokia
NOK
$52.3B
– –
-3
Closed –
NRG icon
634
NRG Energy
NRG
$24.8B
– –
-34
Closed -$1K
NSC icon
635
Norfolk Southern
NSC
$75.1B
– –
-109
Closed -$20K
NTCT icon
636
NETSCOUT
NTCT
$2.79B
– –
-160
Closed -$4K
NUAG icon
637
Nuveen Enhanced Yield US Aggregate Bond ETF
NUAG
$95.1M
– –
-96
Closed -$2K
NUE icon
638
Nucor
NUE
$62.1B
– –
-313
Closed -$16K
NUMG icon
639
Nuveen ESG Mid-Cap Growth ETF
NUMG
$367M
– –
-4,422
Closed -$145K
NUSC icon
640
Nuveen ESG Small-Cap ETF
NUSC
$1.33B
– –
-1,895
Closed -$55K
NVDA icon
641
NVIDIA
NVDA
$5.42T
– –
-70,800
Closed -$308K
NVO
642
CALL
Novo Nordisk
NVO
$209B
– –
-46
Closed -$11K
NVO
643
Novo Nordisk
NVO
$209B
– –
-4,600
Closed -$119K
NVS icon
644
Novartis
NVS
$297B
– –
-650
Closed -$56K
NVT icon
645
nVent Electric
NVT
$26.7B
– –
-73
Closed -$2K
NWL icon
646
Newell Brands
NWL
$2.56B
– –
-444
Closed -$8K
NWS icon
647
News Corp Class B
NWS
$17.5B
– –
-43
Closed -$1K
NXPI icon
648
NXP Semiconductors
NXPI
$60.4B
– –
-2,890
Closed -$315K
ADAM
649
Adamas Trust
ADAM
$883M
– –
-313
Closed -$8K
O icon
650
Realty Income
O
$59.1B
– –
-3,787
Closed -$281K
24 25
26
27 28

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PHS
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MAM
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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
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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.