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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
UHAL icon
876
U-Haul Holding Co
UHAL
$14.6B
– –
-170
Closed -$7K
UL icon
877
Unilever
UL
$137B
– –
-438
Closed -$30K
ULTA icon
878
Ulta Beauty
ULTA
$23.2B
– –
-2
Closed -$1K
UNH icon
879
UnitedHealth
UNH
$367B
– –
-5,116
Closed -$1.11M
UNM icon
880
Unum
UNM
$14.2B
– –
-204
Closed -$6K
UNP icon
881
CALL
Union Pacific
UNP
$175B
– –
-2
Closed -$1K
UNP icon
882
Union Pacific
UNP
$175B
– –
-694
Closed -$112K
UPS icon
883
United Parcel Service
UPS
$87.8B
– –
-1,475
Closed -$177K
URA icon
884
Global X Uranium ETF
URA
$5.99B
– –
-750
Closed -$8K
URI icon
885
United Rentals
URI
$72.4B
– –
-2,196
Closed -$274K
URTH icon
886
iShares MSCI World ETF
URTH
$8.2B
– –
-13
Closed -$1K
USA icon
887
Liberty All-Star Equity Fund
USA
$1.85B
– –
-89,560
Closed -$573K
USB icon
888
US Bancorp
USB
$99.4B
– –
-3,029
Closed -$168K
USMV icon
889
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
– –
-24,895
Closed -$1.6M
USO icon
890
United States Oil Fund
USO
$1.86B
– –
-50
Closed -$5K
USRT icon
891
iShares Core US REIT ETF
USRT
$4.6B
– –
-88
Closed -$5K
UTF icon
892
Cohen & Steers Infrastructure Fund
UTF
$3.05B
– –
-3,040
Closed -$83K
UTG icon
893
Reaves Utility Income Fund
UTG
$3.58B
– –
-174
Closed -$6K
V icon
894
Visa
V
$692B
– –
-8,248
Closed -$1.42M
VALQ icon
895
American Century US Quality Value ETF
VALQ
$337M
– –
-14,840
Closed -$604K
VAW icon
896
Vanguard Materials ETF
VAW
$3.08B
– –
-306
Closed -$39K
VB icon
897
Vanguard Morningstar Small-Cap ETF
VB
$81.3B
– –
-2,365
Closed -$364K
VBK icon
898
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.9B
– –
-433
Closed -$79K
VBR icon
899
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.7B
– –
-856
Closed -$110K
VCIT icon
900
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
– –
-892
Closed -$81K
34 35
36
37 38

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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.