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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
EMN icon
976
Eastman Chemical
EMN
$8.42B
$0 ﹤0.01%
+8
New +$514
EQT icon
977
EQT Corp
EQT
$32.3B
$0 ﹤0.01%
+7
New +$49
FCO
978
DELISTED
abrdn Global Income Fund
FCO
$0 ﹤0.01%
+54
New +$400
FNDA icon
979
Schwab Fundamental US Small Company Index ETF
FNDA
$9.38B
– –
-47,314
Closed -$952K
FNDC icon
980
Schwab Fundamental International Small Company Index ETF
FNDC
$3.16B
$0 ﹤0.01%
+6
New +$176
FOXA icon
981
Fox Class A
FOXA
$26.9B
$0 ﹤0.01%
+6
New +$197
FRA icon
982
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
$0 ﹤0.01%
+7
New +$87
FSS icon
983
Federal Signal
FSS
$7.83B
– –
-27,766
Closed -$895K
FTA icon
984
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.42B
– –
-1,006,379
Closed -$56.9M
FTLS icon
985
First Trust Long/Short Equity ETF
FTLS
$2.49B
$0 ﹤0.01%
+6
New +$248
FVAL icon
986
Fidelity Value Factor ETF
FVAL
$1.38B
– –
-64,508
Closed -$2.45M
B
987
Barrick Mining
B
$73.2B
$0 ﹤0.01%
+25
New +$469
GPRO icon
988
GoPro
GPRO
$126M
$0 ﹤0.01%
+110
New +$409
GTX icon
989
Garrett Motion
GTX
$5.57B
$0 ﹤0.01%
+31
New +$226
IEO icon
990
iShares US Oil & Gas Exploration & Production ETF
IEO
$543M
$0 ﹤0.01%
+17
New +$710
IGC icon
991
IGC Pharma
IGC
$26.8M
$0 ﹤0.01%
+225
New +$125
IUSV icon
992
iShares Core S&P US Value ETF
IUSV
$27.7B
– –
-3,551
Closed -$224K
JPUS
993
JPMorgan Diversified Return US Equity ETF
JPUS
$465M
– –
-676,474
Closed -$53.9M
LGMK
994
DELISTED
LogicMark
LGMK
– –
0
– –
MNKD icon
995
MannKind Corp
MNKD
$1.32B
$0 ﹤0.01%
+200
New +$270
MQT
996
DELISTED
BlackRock MuniYield Quality Fund II
MQT
– –
-24,758
Closed -$322K
OBE
997
Obsidian Energy
OBE
$662M
$0 ﹤0.01%
+6
New +$3
OGI
998
Organigram Holdings
OGI
$139M
$0 ﹤0.01%
+25
New +$227
OVV icon
999
Ovintiv
OVV
$16.4B
$0 ﹤0.01%
+2
New +$26
REZI icon
1000
Resideo Technologies
REZI
$3.95B
$0 ﹤0.01%
+53
New +$500
38 39
40
41 42

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MAM
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KCM
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MIA
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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.