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GSWM

Golden State Wealth Management Portfolio holdings

AUM $1.1B
1-Year Est. Return 27.49%
This Fund
S&P 500
This Quarter Est. Return
+7.1%
1 Year Est. Return
+27.49%
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
APD icon
101
Air Products & Chemicals
APD
$65.2B
– –
-24
Closed -$5K
APO icon
102
Apollo Global Management
APO
$74.6B
– –
-18,175
Closed -$687K
APPN icon
103
Appian
APPN
$2.03B
– –
-100
Closed -$5K
ARCC icon
104
Ares Capital
ARCC
$13.8B
– –
-16,727
Closed -$312K
ARDC
105
Are Dynamic Credit Allocation Fund
ARDC
$298M
– –
-517
Closed -$8K
ARKK icon
106
ARK Innovation ETF
ARKK
$6.09B
– –
-400
Closed -$17K
ARKQ icon
107
ARK Autonomous Technology & Robotics ETF
ARKQ
$2.05B
– –
-132
Closed -$4K
ARKW icon
108
ARK Web x.0 ETF
ARKW
$1.75B
– –
-178
Closed -$9K
ASG
109
Liberty All-Star Growth Fund
ASG
$336M
– –
-7,032
Closed -$42K
ASIX icon
110
AdvanSix
ASIX
$542M
– –
-12
Closed –
ASML icon
111
ASML
ASML
$658B
– –
-36
Closed -$9K
ASYS icon
112
Amtech Systems
ASYS
$275M
– –
-1,400
Closed -$7K
ATO icon
113
Atmos Energy
ATO
$28.9B
– –
-108
Closed -$12K
AVB icon
114
AvalonBay Communities
AVB
$27B
– –
-69
Closed -$15K
AVGO icon
115
Broadcom
AVGO
$1.99T
– –
-20,270
Closed -$560K
AVK
116
Advent Convertible and Income Fund
AVK
$556M
– –
-1,054
Closed -$15K
AVY icon
117
Avery Dennison
AVY
$13.3B
– –
-17
Closed -$2K
AWF
118
AllianceBernstein Global High Income Fund
AWF
$874M
– –
-19,741
Closed -$237K
AWK icon
119
American Water Works
AWK
$26.1B
– –
-1,326
Closed -$165K
AWR icon
120
American States Water
AWR
$3.32B
– –
-574
Closed -$52K
AXON
121
Axon Enterprise
AXON
$48.9B
– –
-300
Closed -$17K
AXP icon
122
American Express
AXP
$233B
– –
-12,972
Closed -$1.53M
AZN icon
123
AstraZeneca
AZN
$241B
– –
-350
Closed -$31K
BA icon
124
CALL
Boeing
BA
$187B
– –
-1
Closed -$1K
BABA icon
125
CALL
Alibaba
BABA
$309B
– –
-4
Closed -$1K
3 4
5
6 7

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MAM
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LCM
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KCM
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DAM
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CF
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MIA
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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.