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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
SPLK
1026
DELISTED
Splunk Inc
SPLK
– –
-245
Closed -$29K
CHS
1027
DELISTED
Chicos FAS, Inc.
CHS
– –
-33
Closed –
VMW
1028
DELISTED
VMware, Inc
VMW
– –
-1,417
Closed -$213K
JPS
1029
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
– –
-13,652
Closed -$134K
RAD
1030
DELISTED
Rite Aid Corporation
RAD
– –
-175
Closed -$1K
MMP
1031
DELISTED
Magellan Midstream Partners, L.P.
MMP
– –
-450
Closed -$30K
WWE
1032
DELISTED
World Wrestling Entertainment
WWE
– –
-10
Closed -$1K
RTL
1033
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
– –
-2,088
Closed -$29K
BKI
1034
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-762
Closed -$47K
GER
1035
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
– –
-1,035
Closed -$45K
ABB
1036
DELISTED
ABB Ltd
ABB
– –
-595
Closed -$12K
DDF
1037
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
– –
-42,771
Closed -$586K
ATNX
1038
DELISTED
Athenex, Inc. Common Stock
ATNX
– –
-15
Closed -$4K
ASAP
1039
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
– –
-50
Closed -$1K
ZEN
1040
DELISTED
ZENDESK INC
ZEN
– –
-125
Closed -$9K
TWTR
1041
DELISTED
Twitter, Inc.
TWTR
– –
-361
Closed -$15K
CTXS
1042
DELISTED
Citrix Systems Inc
CTXS
– –
-56
Closed -$5K
NBEV
1043
DELISTED
NewAge, Inc. Common Stock (Delaware)
NBEV
– –
-650
Closed -$2K
SHI
1044
DELISTED
Sinopec Shanghai Petrochemical Co., Ltd.
SHI
– –
-300
Closed -$9K
MTOR
1045
DELISTED
MERITOR, Inc.
MTOR
– –
-967
Closed -$18K
WBT
1046
DELISTED
Welbilt, Inc.
WBT
– –
-750
Closed -$13K
ZNGA
1047
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
– –
-200
Closed -$1K
PBCT
1048
DELISTED
People's United Financial Inc
PBCT
– –
-173
Closed -$3K
ARNA
1049
DELISTED
Arena Pharmaceuticals Inc
ARNA
– –
-30
Closed -$1K
XLNX
1050
DELISTED
Xilinx Inc
XLNX
– –
-77
Closed -$7K
40 41
42
43 44

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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 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.