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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
+8.39%
1 Year Est. Return
+27.5%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$299M
AUM Growth
-$12.6M
(-4%)
Cap. Flow
-$46.3M
Cap. Flow
% of AUM
-15.46%
Top 10 Holdings %
Top 10 Hldgs %
43.18%
Holding
462
New
259
Increased
26
Reduced
130
Closed
37
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$30.7M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$22.1M |
| 3 |
First Trust Enhanced Short Maturity ETF
FTSM
|
+$8.12M |
| 4 |
First Trust Value Line Dividend Fund
FVD
|
+$7.55M |
| 5 |
First Trust Capital Strength ETF
FTCS
|
+$6.78M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$74M |
| 2 |
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
|
+$35.3M |
| 3 |
iShares Russell 2000 Value ETF
IWN
|
+$3.5M |
| 4 |
Apple
AAPL
|
+$3.26M |
| 5 |
VictoryShares US 500 Volatility Wtd ETF
CFA
|
+$3.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.52% |
| 2 | Consumer Discretionary | 5.56% |
| 3 | Financials | 4.42% |
| 4 | Communication Services | 3.39% |
| 5 | Healthcare | 2.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
iShares MSCI Emerging Markets ETF
EEM
$29.5B
| $489K | 0.16% |
+11,082
| New | +$486K |
|
102
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
| $482K | 0.16% |
+2,951
| New | +$489K |
|
103
iShares MSCI EAFE Growth ETF
EFG
$17.3B
| $480K | 0.16% |
+5,336
| New | +$473K |
|
104
Walmart Inc
WMT
$890B
| $476K | 0.16% |
10,197
-2,979
| -23% | -$132K |
|
105
Amgen
AMGN
$222B
| $467K | 0.16% |
1,837
-873
| -32% | -$216K |
|
106
Alibaba
BABA
$308B
| $460K | 0.15% |
1,565
+5
| +0.3% | +$1.32K |
|
107
Roku
ROKU
$22.7B
| $459K | 0.15% |
2,432
-187
| -7% | -$29.6K |
|
108
Chevron
CVX
$366B
| $438K | 0.15% |
6,086
-2,447
| -29% | -$206K |
|
|
MMD
109
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$282M
| $435K | 0.15% |
21,015
+249
| +1% | +$5.24K |
|
110
Mastercard
MA
$493B
| $417K | 0.14% |
1,234
-817
| -40% | -$266K |
|
111
ExxonMobil
XOM
$634B
| $414K | 0.14% |
12,072
-3,993
| -25% | -$163K |
|
112
Cisco
CSCO
$479B
| $413K | 0.14% |
10,495
-3,974
| -27% | -$173K |
|
113
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.45B
| $409K | 0.14% |
+2,170
| New | +$400K |
|
114
First Trust Cloud Computing ETF
SKYY
$3.12B
| $409K | 0.14% |
+5,209
| New | +$404K |
|
115
American Express
AXP
$230B
| $402K | 0.13% |
4,008
-1,179
| -23% | -$116K |
|
116
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
| $402K | 0.13% |
+2,728
| New | +$390K |
|
117
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.33B
| $401K | 0.13% |
+7,975
| New | +$400K |
|
118
Apollo Global Management
APO
$73.4B
| $396K | 0.13% |
8,850
-6,213
| -41% | -$299K |
|
119
PIMCO Dynamic Income Fund
PDI
$7.42B
| $390K | 0.13% |
+15,379
| New | +$380K |
|
120
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $390K | 0.13% |
8,856
-3,028
| -25% | -$132K |
|
121
Comcast
CMCSA
$90B
| $380K | 0.13% |
8,209
-11,765
| -59% | -$511K |
|
122
Salesforce
CRM
$158B
| $377K | 0.13% |
1,502
-670
| -31% | -$147K |
|
123
Vanguard Morningstar Small-Cap ETF
VB
$82.4B
| $377K | 0.13% |
2,449
-1,396
| -36% | -$214K |
|
124
Public Service Enterprise Group
PEG
$37.7B
| $361K | 0.12% |
6,577
-5,721
| -47% | -$303K |
|
125
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $356K | 0.12% |
3,716
-9,441
| -72% | -$908K |
|
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Golden State Wealth Management's Q3 2020 Portfolio in Review
As of Q3 2020, Golden State Wealth Management held 462 positions worth $299M, down 4% from $312M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Golden State Wealth Management withdrew a net $46.3M in Q3 2020, closing 37 positions and reducing 130 holdings. Its most notable exit was First Trust NASDAQ Clean Edge Green Energy Index Fund, an estimated $35.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 9.5% of assets, up from 9.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Golden State Wealth Management opened a new position in iShares Core S&P 500 ETF worth $22.4M.
- Golden State Wealth Management's largest Q3 2020 buy was iShares Core S&P 500 ETF: 66,522 shares worth $22.4M.
- Golden State Wealth Management added most to iShares Core US Aggregate Bond ETF in Q3 2020, an estimated $30.7M increase.
- Golden State Wealth Management's biggest Q3 2020 reduction was iShares Core S&P Mid-Cap ETF, cutting an estimated $74M.
- Golden State Wealth Management fully exited First Trust NASDAQ Clean Edge Green Energy Index Fund in Q3 2020, selling an estimated $35.3M.
- Golden State Wealth Management's ten largest holdings make up 43% of its $299M portfolio in Q3 2020.
- Golden State Wealth Management opened 259 new positions and closed 37 in Q3 2020.
- Golden State Wealth Management's portfolio value fell 4% quarter-over-quarter to $299M.
Based on Golden State Wealth Management's 13F filing for Q3 2020, filed 12 Nov 2020.