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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
VNQI icon
926
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
– –
-45
Closed -$3K
VO icon
927
Vanguard Morningstar Mid-Cap ETF
VO
$108B
– –
-8,264
Closed -$346K
VOD icon
928
Vodafone
VOD
$37B
– –
-147
Closed -$3K
VOE icon
929
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24B
– –
-1,404
Closed -$159K
VOO icon
930
Vanguard S&P 500 ETF
VOO
$1.01T
– –
-1,406
Closed -$383K
VOOG icon
931
Vanguard S&P 500 Growth ETF
VOOG
$27B
– –
-306
Closed -$8K
VOX icon
932
Vanguard Communication Services ETF
VOX
$5.73B
– –
-312
Closed -$27K
VPU
933
Vanguard Utilities ETF
VPU
$8.3B
– –
-418
Closed -$60K
VRNT
934
DELISTED
Verint Systems
VRNT
– –
-697
Closed -$15K
VRP icon
935
Invesco Variable Rate Preferred ETF
VRP
$3.01B
– –
-1,489
Closed -$38K
VRTX icon
936
Vertex Pharmaceuticals
VRTX
$123B
– –
-71
Closed -$12K
VSS icon
937
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.7B
– –
-684
Closed -$70K
VT icon
938
Vanguard Total World Stock ETF
VT
$79.1B
– –
-11,604
Closed -$868K
VTIP icon
939
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
– –
-68
Closed -$3K
VTV icon
940
Vanguard Morningstar Value ETF
VTV
$191B
– –
-6,938
Closed -$774K
VTWO icon
941
Vanguard Russell 2000 ETF
VTWO
$17.7B
– –
-3,050
Closed -$186K
VUG icon
942
Vanguard Morningstar Growth ETF
VUG
$229B
– –
-10,602
Closed -$294K
VWO icon
943
Vanguard FTSE Emerging Markets ETF
VWO
$123B
– –
-13,558
Closed -$546K
VWOB icon
944
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.16B
– –
-1,031
Closed -$83K
VXUS icon
945
Vanguard Total International Stock ETF
VXUS
$158B
– –
-1,013
Closed -$52K
VYM icon
946
Vanguard High Dividend Yield ETF
VYM
$82.3B
– –
-1,531
Closed -$136K
VZ icon
947
CALL
Verizon
VZ
$195B
– –
-7
Closed -$1K
WAB icon
948
Wabtec
WAB
$49.9B
– –
-101
Closed -$7K
WABC icon
949
Westamerica Bancorp
WABC
$1.37B
– –
-5,666
Closed -$352K
WBA
950
DELISTED
Walgreens Boots Alliance
WBA
– –
-1,180
Closed -$65K
36 37
38
39 40

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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.