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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
VCLT icon
901
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.84B
– –
-613
Closed -$62K
VCR icon
902
Vanguard Consumer Discretionary ETF
VCR
$6.24B
– –
-258
Closed -$46K
VCSH icon
903
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
– –
-2,055
Closed -$167K
VCV icon
904
Invesco California Value Municipal Income Trust
VCV
$520M
– –
-22,540
Closed -$289K
VDC icon
905
Vanguard Consumer Staples ETF
VDC
$7.98B
– –
-9,467
Closed -$1.48M
VEA icon
906
Vanguard FTSE Developed Markets ETF
VEA
$234B
– –
-11,750
Closed -$483K
VDE icon
907
Vanguard Energy ETF
VDE
$9.84B
– –
-338
Closed -$26K
VEU icon
908
Vanguard FTSE All-World ex-US ETF
VEU
$67.8B
– –
-2,444
Closed -$122K
VFC icon
909
VF Corp
VFC
$5.8B
– –
-558
Closed -$50K
VFH icon
910
Vanguard Financials ETF
VFH
$13.7B
– –
-1,337
Closed -$94K
VGIT icon
911
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
– –
-1,841
Closed -$123K
VGK icon
912
Vanguard FTSE Europe ETF
VGK
$31.1B
– –
-1,150
Closed -$62K
VGSH icon
913
Vanguard Short-Term Treasury ETF
VGSH
$29.2B
– –
-250
Closed -$15K
VGT icon
914
Vanguard Information Technology ETF
VGT
$147B
– –
-7,592
Closed -$204K
VHT icon
915
Vanguard Health Care ETF
VHT
$18.4B
– –
-1,219
Closed -$204K
VIAV icon
916
Viavi Solutions
VIAV
$10B
– –
-193
Closed -$3K
VIG icon
917
Vanguard Dividend Appreciation ETF
VIG
$114B
– –
-1,375
Closed -$164K
VIOG icon
918
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.07B
– –
-1,032
Closed -$79K
VIOV icon
919
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.88B
– –
-432
Closed -$28K
VIS icon
920
Vanguard Industrials ETF
VIS
$8.36B
– –
-296
Closed -$43K
VLO icon
921
Valero Energy
VLO
$87.2B
– –
-772
Closed -$66K
VMBS icon
922
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
– –
-3,910
Closed -$208K
VMC icon
923
Vulcan Materials
VMC
$36.5B
– –
-445
Closed -$67K
VNLA icon
924
Janus Henderson Short Duration Income ETF
VNLA
$3.35B
– –
-121,881
Closed -$6.1M
VNQ icon
925
Vanguard Real Estate ETF
VNQ
$38.8B
– –
-746
Closed -$70K
35 36
37
38 39

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MAM
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KCM
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MIA
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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.