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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
SBUX icon
101
Starbucks
SBUX
$120B
$356K 0.16%
+5,423
New +$439K
NFLX icon
102
Netflix
NFLX
$309B
$353K 0.16%
+9,400
New +$333K
PFF icon
103
iShares Preferred and Income Securities ETF
PFF
$13.3B
$343K 0.15%
+10,777
New +$386K
AVGO icon
104
Broadcom
AVGO
$2.04T
$341K 0.15%
+14,400
New +$406K
PGX icon
105
Invesco Preferred ETF
PGX
$3.79B
$340K 0.15%
+25,811
New +$371K
LQD icon
106
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
$330K 0.15%
2,671
-33,730
-93% -$4.3M
EW icon
107
Edwards Lifesciences
EW
$51.7B
$329K 0.15%
+5,229
New +$377K
XLV icon
108
State Street Health Care Select Sector SPDR ETF
XLV
$42.7B
$329K 0.15%
+3,709
New +$360K
VMBS icon
109
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
$315K 0.14%
+5,773
New +$309K
SHOP icon
110
Shopify
SHOP
$195B
$311K 0.14%
+7,450
New +$336K
VTWO icon
111
Vanguard Russell 2000 ETF
VTWO
$17.9B
$311K 0.14%
+6,750
New +$404K
WABC icon
112
Westamerica Bancorp
WABC
$1.37B
$311K 0.14%
+5,289
New +$329K
INTC icon
113
Intel
INTC
$513B
$305K 0.13%
5,630
+1,307
+30% +$77.3K
TMO icon
114
Thermo Fisher Scientific
TMO
$220B
$300K 0.13%
+1,057
New +$333K
NVDA icon
115
NVIDIA
NVDA
$5.42T
$299K 0.13%
+45,440
New +$287K
WMT icon
116
Walmart Inc
WMT
$890B
$294K 0.13%
+7,773
New +$299K
PG icon
117
Procter & Gamble
PG
$339B
$286K 0.13%
2,600
+346
+15% +$41.5K
RTN
118
DELISTED
Raytheon Company
RTN
$284K 0.13%
+2,164
New +$428K
CMCSA icon
119
Comcast
CMCSA
$90B
$283K 0.12%
+8,228
New +$347K
KO icon
120
Coca-Cola
KO
$375B
$282K 0.12%
6,380
+1,289
+25% +$69.6K
O icon
121
Realty Income
O
$59.1B
$278K 0.12%
+5,762
New +$401K
CRM icon
122
Salesforce
CRM
$158B
$276K 0.12%
+1,919
New +$329K
BABA icon
123
Alibaba
BABA
$308B
$268K 0.12%
+1,380
New +$288K
DBEF icon
124
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.39B
$263K 0.12%
+9,830
New +$309K
SRE icon
125
Sempra
SRE
$54.8B
$255K 0.11%
+4,516
New +$320K
3 4
5
6 7

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DAM
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PHS
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MAM
Mark Asset Management New York $1.1B AUM 43.79% 1-Year Est. Return
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.