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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
ABBV icon
51
AbbVie
ABBV
$435B
$762K 0.34%
+9,996
New +$851K
T icon
52
AT&T
T
$163B
$756K 0.33%
34,355
+24,246
+240% +$662K
ACWI icon
53
iShares MSCI ACWI ETF
ACWI
$33.5B
$749K 0.33%
+11,967
New +$886K
XLY icon
54
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.2B
$740K 0.33%
+15,094
New +$891K
VEA icon
55
Vanguard FTSE Developed Markets ETF
VEA
$236B
$704K 0.31%
+21,108
New +$847K
AFG icon
56
American Financial Group
AFG
$12.1B
$701K 0.31%
+10,000
New +$965K
PZC
57
DELISTED
PIMCO California Municipal Income Fund III
PZC
$669K 0.3%
+68,705
New +$739K
NKE icon
58
Nike
NKE
$61.9B
$646K 0.28%
+7,813
New +$727K
DIS icon
59
Walt Disney
DIS
$181B
$634K 0.28%
+6,563
New +$830K
FAD icon
60
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$594M
$627K 0.28%
+10,372
New +$761K
BA icon
61
Boeing
BA
$185B
$621K 0.27%
4,163
+3,026
+266% +$828K
IWM icon
62
iShares Russell 2000 ETF
IWM
$83B
$621K 0.27%
+5,429
New +$809K
XLK icon
63
State Street Technology Select Sector SPDR ETF
XLK
$124B
$616K 0.27%
+15,324
New +$699K
FXH icon
64
First Trust Health Care AlphaDEX Fund
FXH
$1.08B
$615K 0.27%
+8,314
New +$675K
AEP icon
65
American Electric Power
AEP
$68.4B
$606K 0.27%
+7,581
New +$717K
SPHD icon
66
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.38B
$602K 0.27%
+20,059
New +$786K
BAC icon
67
Bank of America
BAC
$442B
$574K 0.25%
+27,037
New +$811K
MDY icon
68
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
$541K 0.24%
+2,057
New +$698K
VWO icon
69
Vanguard FTSE Emerging Markets ETF
VWO
$124B
$537K 0.24%
+16,017
New +$653K
TSLA icon
70
Tesla
TSLA
$1.3T
$508K 0.22%
+14,550
New +$603K
XOM icon
71
ExxonMobil
XOM
$634B
$478K 0.21%
12,587
+9,000
+251% +$497K
RDVY icon
72
First Trust Rising Dividend Achievers ETF
RDVY
$25.6B
$475K 0.21%
+18,537
New +$602K
FEX icon
73
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.61B
$473K 0.21%
+9,938
New +$595K
MRK icon
74
Merck
MRK
$318B
$467K 0.21%
+6,366
New +$500K
CSCO icon
75
Cisco
CSCO
$479B
$462K 0.2%
11,760
+4,602
+64% +$202K
1 2
3
4 5

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MAM
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KCM
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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.