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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
RIG icon
1001
Transocean
RIG
$5.82B
$0 ﹤0.01%
+52
New +$203
RMR icon
1002
The RMR Group
RMR
$332M
$0 ﹤0.01%
+8
New +$310
RNP icon
1003
Cohen & Steers REIT and Preferred and Income Fund
RNP
$989M
$0 ﹤0.01%
+6
New +$132
SCHB icon
1004
Schwab US Broad Market ETF
SCHB
$44.9B
– –
-4,608,684
Closed -$59.1M
SCHC icon
1005
Schwab International Small-Cap Equity ETF
SCHC
$5.65B
$0 ﹤0.01%
+6
New +$184
SCHV
1006
Schwab US Large-Cap Value ETF
SCHV
$16.1B
– –
-69,483
Closed -$1.39M
SCHX icon
1007
Schwab US Large- Cap ETF
SCHX
$74.6B
– –
-155,616
Closed -$1.99M
SCHZ icon
1008
Schwab US Aggregate Bond ETF
SCHZ
$10.6B
– –
-37,924
Closed -$1.01M
SHOO icon
1009
Steven Madden
SHOO
$3.55B
$0 ﹤0.01%
+7
New +$243
SNT
1010
Senstar Technologies
SNT
$43.2M
$0 ﹤0.01%
+50
New +$181
STEW
1011
SRH Total Return Fund
STEW
$1.81B
$0 ﹤0.01%
+25
New +$270
USO icon
1012
United States Oil Fund
USO
$1.67B
$0 ﹤0.01%
+13
New +$1K
WEX icon
1013
WEX
WEX
$6.31B
$0 ﹤0.01%
+4
New +$747
XSW icon
1014
State Street SPDR S&P Software & Services ETF
XSW
$493M
$0 ﹤0.01%
+2
New +$197
TBCH
1015
Turtle Beach Corp
TBCH
$277M
$0 ﹤0.01%
+35
New +$248
ETRN
1016
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$0 ﹤0.01%
+5
New +$44
CHS
1017
DELISTED
Chicos FAS, Inc.
CHS
$0 ﹤0.01%
+33
New +$114
WWE
1018
DELISTED
World Wrestling Entertainment
WWE
$0 ﹤0.01%
+10
New +$484
TA
1019
DELISTED
TravelCenters of America LLC
TA
$0 ﹤0.01%
+8
New +$115
CXP
1020
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
– –
-41,215
Closed -$862K
ALXN
1021
DELISTED
Alexion Pharmaceuticals
ALXN
$0 ﹤0.01%
+2
New +$196
PRSP
1022
DELISTED
Perspecta Inc. Common Stock
PRSP
$0 ﹤0.01%
+7
New +$168
MUH
1023
DELISTED
Blackrock Muniholdings Fund II, Inc.
MUH
– –
-20,828
Closed -$317K
CXO
1024
DELISTED
CONCHO RESOURCES INC.
CXO
$0 ﹤0.01%
+3
New +$209
AIG.WS
1025
DELISTED
American International Group, Inc.
AIG.WS
$0 ﹤0.01%
+10
New +$68
38 39 40
41
42

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MAM
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KCM
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DAM
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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.