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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
XHR
951
Xenia Hotels & Resorts
XHR
$1.79B
$1K ﹤0.01%
+140
New +$2.33K
YCBD icon
952
cbdMD
YCBD
$5.93M
$1K ﹤0.01%
+2
New +$789
YOLO icon
953
AdvisorShares Pure Cannabis ETF
YOLO
$31.1M
$1K ﹤0.01%
+178
New +$1.82K
MRO
954
DELISTED
Marathon Oil Corporation
MRO
$1K ﹤0.01%
+302
New +$2.78K
TELL
955
DELISTED
Tellurian Inc.
TELL
$1K ﹤0.01%
+750
New +$3.57K
LSXMA
956
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$1K ﹤0.01%
+24
New +$758
NS
957
DELISTED
NuStar Energy L.P.
NS
$1K ﹤0.01%
+67
New +$1.46K
MDC
958
DELISTED
M.D.C. Holdings, Inc.
MDC
$1K ﹤0.01%
+30
New +$1.05K
ASAP
959
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
$1K ﹤0.01%
+50
New +$565
CLVS
960
DELISTED
Clovis Oncology, Inc.
CLVS
$1K ﹤0.01%
+200
New +$1.6K
NBEV
961
DELISTED
NewAge, Inc. Common Stock (Delaware)
NBEV
$1K ﹤0.01%
+650
New +$1.17K
ARNA
962
DELISTED
Arena Pharmaceuticals Inc
ARNA
$1K ﹤0.01%
+30
New +$1.38K
JAX
963
DELISTED
J. Alexander's Holdings, Inc.
JAX
$1K ﹤0.01%
+147
New +$1.2K
LOGM
964
DELISTED
LogMein, Inc.
LOGM
$1K ﹤0.01%
+9
New +$759
A icon
965
Agilent Technologies
A
$41.2B
$0 ﹤0.01%
+6
New +$482
ADNT icon
966
Adient
ADNT
$1.5B
$0 ﹤0.01%
+6
New +$121
APA icon
967
APA Corp
APA
$13.2B
$0 ﹤0.01%
+51
New +$1.14K
ASIX icon
968
AdvanSix
ASIX
$444M
$0 ﹤0.01%
+12
New +$186
BBAG icon
969
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$997M
– –
-545,324
Closed -$29M
BNED icon
970
Barnes & Noble Education
BNED
$443M
$0 ﹤0.01%
+3
New +$955
CAH icon
971
Cardinal Health
CAH
$55.4B
$0 ﹤0.01%
+10
New +$519
CRNT icon
972
Ceragon Networks
CRNT
$201M
$0 ﹤0.01%
+50
New +$92
CXSE icon
973
WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund
CXSE
$508M
– –
-415,768
Closed -$17.3M
DVN icon
974
Devon Energy
DVN
$47.3B
$0 ﹤0.01%
+31
New +$560
DXC icon
975
DXC Technology
DXC
$1.73B
$0 ﹤0.01%
+14
New +$370
37 38
39
40 41

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MAM
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KCM
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YL
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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.