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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
CMG icon
651
Chipotle Mexican Grill
CMG
$41.5B
$8K ﹤0.01%
+600
New +$9.49K
CRON
652
Cronos Group
CRON
$1.14B
$8K ﹤0.01%
+1,400
New +$9.31K
DLN icon
653
WisdomTree US LargeCap Dividend Fund
DLN
$6.39B
$8K ﹤0.01%
+186
New +$9.11K
DXJ icon
654
WisdomTree Japan Hedged Equity Fund
DXJ
$7.42B
$8K ﹤0.01%
+185
New +$9.09K
FCX icon
655
Freeport-McMoran
FCX
$97.5B
$8K ﹤0.01%
+1,214
New +$12.7K
HDMV icon
656
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.8M
$8K ﹤0.01%
+291
New +$9.12K
M icon
657
Macy's
M
$6.68B
$8K ﹤0.01%
+1,708
New +$23.2K
MLM icon
658
Martin Marietta Materials
MLM
$33B
$8K ﹤0.01%
+41
New +$9.8K
SCHH icon
659
Schwab US REIT ETF
SCHH
$11.4B
$8K ﹤0.01%
+472
New +$10.1K
SLB icon
660
SLB Ltd
SLB
$75B
$8K ﹤0.01%
+566
New +$16.4K
SNPS icon
661
Synopsys
SNPS
$79.7B
$8K ﹤0.01%
+60
New +$8.53K
SPG icon
662
Simon Property Group
SPG
$72.3B
$8K ﹤0.01%
+142
New +$17K
TAP icon
663
Molson Coors Class B
TAP
$8.09B
$8K ﹤0.01%
+201
New +$10.2K
TRGP icon
664
Targa Resources
TRGP
$55.1B
$8K ﹤0.01%
+1,200
New +$35.7K
UAL icon
665
United Airlines
UAL
$42.1B
$8K ﹤0.01%
261
-27,334
-99% -$1.81M
VOOG icon
666
Vanguard S&P 500 Growth ETF
VOOG
$27.3B
$8K ﹤0.01%
+306
New +$8.69K
WDC icon
667
Western Digital
WDC
$150B
$8K ﹤0.01%
+266
New +$11.8K
WH icon
668
Wyndham Hotels & Resorts
WH
$5.48B
$8K ﹤0.01%
+250
New +$12.7K
WWD icon
669
Woodward
WWD
$21.4B
$8K ﹤0.01%
+140
New +$14.5K
ZEN
670
DELISTED
ZENDESK INC
ZEN
$8K ﹤0.01%
+125
New +$9.76K
CTXS
671
DELISTED
Citrix Systems Inc
CTXS
$8K ﹤0.01%
+56
New +$6.68K
EPZM
672
DELISTED
Epizyme, Inc
EPZM
$8K ﹤0.01%
+500
New +$10.7K
ACWX icon
673
iShares MSCI ACWI ex US ETF
ACWX
$11.9B
$7K ﹤0.01%
+194
New +$8.72K
AGGY icon
674
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$926M
$7K ﹤0.01%
+127
New +$6.65K
AOA icon
675
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.28B
$7K ﹤0.01%
+139
New +$7.61K
25 26
27
28 29

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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
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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.