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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
RSP icon
76
Invesco S&P 500 Equal Weight ETF
RSP
$99.1B
$462K 0.2%
+5,500
New +$584K
PEG icon
77
Public Service Enterprise Group
PEG
$37.7B
$458K 0.2%
+10,202
New +$551K
UNH icon
78
UnitedHealth
UNH
$370B
$452K 0.2%
+1,812
New +$499K
EFA icon
79
iShares MSCI EAFE ETF
EFA
$80.2B
$436K 0.19%
+8,163
New +$518K
ADBE icon
80
Adobe
ADBE
$105B
$433K 0.19%
+1,361
New +$466K
FDL icon
81
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.84B
$426K 0.19%
+19,075
New +$550K
CVX icon
82
Chevron
CVX
$366B
$417K 0.18%
5,760
+3,106
+117% +$307K
GOVT icon
83
iShares US Treasury Bond ETF
GOVT
$43.8B
$406K 0.18%
+14,486
New +$389K
UCON icon
84
First Trust Smith Unconstrained Bond ETF
UCON
$3.28B
$401K 0.18%
+16,600
New +$422K
MMD
85
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$282M
$394K 0.17%
+20,507
New +$430K
ROK icon
86
Rockwell Automation
ROK
$49B
$392K 0.17%
+2,600
New +$482K
SPYM
87
State Street SPDR Portfolio S&P 500 ETF
SPYM
$169B
$390K 0.17%
+12,893
New +$463K
VCSH icon
88
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
$387K 0.17%
+4,897
New +$394K
APO icon
89
Apollo Global Management
APO
$73.4B
$386K 0.17%
+11,515
New +$495K
TAN icon
90
Invesco Solar ETF
TAN
$1.38B
$386K 0.17%
+15,295
New +$499K
EEM icon
91
iShares MSCI Emerging Markets ETF
EEM
$30B
$380K 0.17%
+11,142
New +$457K
PFE icon
92
Pfizer
PFE
$153B
$379K 0.17%
12,223
+4,644
+61% +$158K
JNJ icon
93
Johnson & Johnson
JNJ
$625B
$377K 0.17%
+2,871
New +$407K
MCD icon
94
McDonald's
MCD
$195B
$374K 0.16%
2,265
+1,175
+108% +$232K
ISRG icon
95
Intuitive Surgical
ISRG
$134B
$373K 0.16%
+2,262
New +$414K
MINT icon
96
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.1B
$369K 0.16%
+3,724
New +$376K
MA icon
97
Mastercard
MA
$493B
$366K 0.16%
+1,516
New +$451K
FDT icon
98
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.31B
$364K 0.16%
+9,130
New +$455K
AMGN icon
99
Amgen
AMGN
$222B
$361K 0.16%
+1,781
New +$389K
VCIT icon
100
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.8B
$358K 0.16%
+4,115
New +$374K
2 3
4
5 6

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PHS
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MAM
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KCM
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DAM
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MIA
MMBG Investment Advisors Miami, Florida $1.09B AUM 30.96% 1-Year Est. Return
YL
YCG LLC Austin, Texas $1.1B AUM 4.87% 1-Year Est. Return
PWA
Pitcairn Wealth Advisors Conshohocken, Pennsylvania $1.09B AUM

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.