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GSWM

Golden State Wealth Management Portfolio holdings

AUM $1.1B
1-Year Est. Return 27.49%
This Fund
S&P 500
This Quarter Est. Return
+7.1%
1 Year Est. Return
+27.49%
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
IUSV icon
51
iShares Core S&P US Value ETF
IUSV
$27.7B
$224K 0.04%
+3,551
New +$214K
IBM icon
52
IBM
IBM
$222B
$219K 0.04%
1,708
-2,057
-55% -$267K
MCD icon
53
McDonald's
MCD
$191B
$215K 0.04%
1,090
-954
-47% -$189K
LUV icon
54
Southwest Airlines
LUV
$23.8B
$201K 0.04%
3,722
-1,756
-32% -$97.4K
A icon
55
Agilent Technologies
A
$39.3B
– –
-615
Closed -$47K
AAL icon
56
American Airlines Group
AAL
$11B
– –
-1,700
Closed -$46K
AAOI icon
57
Applied Optoelectronics
AAOI
$10.6B
– –
-925
Closed -$10K
AAP icon
58
Advance Auto Parts
AAP
$3.55B
– –
-31
Closed -$5K
ABBV icon
59
CALL
AbbVie
ABBV
$431B
– –
-7
Closed -$4K
ABBV icon
60
AbbVie
ABBV
$431B
– –
-10,244
Closed -$776K
ABM icon
61
ABM Industries
ABM
$2.88B
– –
-625
Closed -$23K
ABR icon
62
Arbor Realty Trust
ABR
$974M
– –
-8,423
Closed -$110K
ABT icon
63
Abbott
ABT
$182B
– –
-980
Closed -$82K
ACB
64
Aurora Cannabis
ACB
$174M
– –
-13
Closed -$7K
ACN icon
65
Accenture
ACN
$104B
– –
-970
Closed -$187K
ACWI icon
66
iShares MSCI ACWI ETF
ACWI
$33.4B
– –
-8,620
Closed -$636K
ACWV icon
67
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.35B
– –
-33
Closed -$3K
ACWX icon
68
iShares MSCI ACWI ex US ETF
ACWX
$11.7B
– –
-194
Closed -$9K
ADBE icon
69
Adobe
ADBE
$102B
– –
-1,376
Closed -$380K
ADEA icon
70
Adeia
ADEA
$3.44B
– –
-2,737
Closed -$15K
ADI icon
71
Analog Devices
ADI
$185B
– –
-9
Closed -$1K
ADM icon
72
Archer Daniels Midland
ADM
$38.5B
– –
-250
Closed -$10K
ADNT icon
73
Adient
ADNT
$1.66B
– –
-6
Closed –
ADP icon
74
Automatic Data Processing
ADP
$108B
– –
-350
Closed -$56K
ADSK icon
75
Autodesk
ADSK
$50.1B
– –
-200
Closed -$30K
1 2
3
4 5

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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.