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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
TMUS icon
851
T-Mobile US
TMUS
$193B
– –
-6
Closed –
TNL icon
852
Travel + Leisure Co
TNL
$4.74B
– –
-250
Closed -$12K
TOTL icon
853
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.02B
– –
-4,496
Closed -$221K
TRC icon
854
Tejon Ranch
TRC
$444M
– –
-101
Closed -$2K
TRGP icon
855
Targa Resources
TRGP
$57.6B
– –
-1,200
Closed -$48K
TROW icon
856
T. Rowe Price
TROW
$24.2B
– –
-102
Closed -$12K
TRP icon
857
TC Energy
TRP
$66.6B
– –
-14
Closed -$1K
TRV icon
858
Travelers Companies
TRV
$80.5B
– –
-418
Closed -$62K
TSCO icon
859
Tractor Supply
TSCO
$17.9B
– –
-380
Closed -$7K
TSLA icon
860
Tesla
TSLA
$1.26T
– –
-19,575
Closed -$314K
TSLX icon
861
Sixth Street Specialty
TSLX
$1.78B
– –
-5,240
Closed -$110K
TSN icon
862
Tyson Foods
TSN
$20.6B
– –
-114
Closed -$10K
TT icon
863
Trane Technologies
TT
$105B
– –
-196
Closed -$24K
TTD icon
864
Trade Desk
TTD
$8.31B
– –
-3,670
Closed -$69K
TTE icon
865
TotalEnergies
TTE
$191B
– –
-639
Closed -$33K
TWLO icon
866
Twilio
TWLO
$29.3B
– –
-25
Closed -$3K
TXN icon
867
Texas Instruments
TXN
$254B
– –
-171
Closed -$22K
UA icon
868
Under Armour Class C
UA
$2.67B
– –
-1,347
Closed -$24K
UAA icon
869
Under Armour
UAA
$2.73B
– –
-2,730
Closed -$54K
UBER icon
870
Uber
UBER
$144B
– –
-4,979
Closed -$152K
UBS icon
871
UBS Group
UBS
$173B
– –
-2,614
Closed -$30K
UBX
872
DELISTED
Unity Biotechnology
UBX
– –
-50
Closed -$3K
UCO icon
873
ProShares Ultra Bloomberg Crude Oil
UCO
$388M
– –
-11
Closed -$1K
UCON icon
874
First Trust Smith Unconstrained Bond ETF
UCON
$3.28B
– –
-17,950
Closed -$463K
UGI icon
875
UGI
UGI
$7.35B
– –
-450
Closed -$23K
33 34
35
36 37

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MAM
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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 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.