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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
BABA icon
126
Alibaba
BABA
$308B
– –
-2,315
Closed -$387K
BAC icon
127
Bank of America
BAC
$442B
– –
-31,368
Closed -$915K
BBCA icon
128
JPMorgan BetaBuilders Canada ETF
BBCA
$11.1B
– –
-69
Closed -$3K
BBH icon
129
VanEck Biotech ETF
BBH
$410M
– –
-350
Closed -$41K
BBJP icon
130
JPMorgan BetaBuilders Japan ETF
BBJP
$18.5B
– –
-36
Closed -$2K
BEP icon
131
Brookfield Renewable
BEP
$9.92B
– –
-563
Closed -$12K
BF.B icon
132
Brown-Forman Class B
BF.B
$13B
– –
-30
Closed -$2K
BF.A icon
133
Brown-Forman Class A
BF.A
$13.2B
– –
-120
Closed -$7K
BFH icon
134
Bread Financial
BFH
$4.54B
– –
-88
Closed -$9K
BFZ
135
DELISTED
BlackRock CA Municipal Income Trust
BFZ
– –
-4,033
Closed -$55K
BGR icon
136
BlackRock Energy and Resources Trust
BGR
$402M
– –
-1,830
Closed -$20K
BGY icon
137
BlackRock Enhanced International Dividend Trust
BGY
$526M
– –
-2,039
Closed -$11K
BHC icon
138
Bausch Health
BHC
$2.35B
– –
-38
Closed -$1K
BHF icon
139
Brighthouse Financial
BHF
$3.55B
– –
-24
Closed -$1K
BIDU icon
140
Baidu
BIDU
$37.7B
– –
-100
Closed -$10K
BIL icon
141
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.9B
– –
-26,846
Closed -$2.46M
BIIB icon
142
Biogen
BIIB
$30.5B
– –
-693
Closed -$161K
BIT icon
143
BlackRock Multi-Sector Income Trust
BIT
$701M
– –
-32,436
Closed -$557K
BIV icon
144
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
– –
-8,618
Closed -$758K
BNY
145
Bank of New York Mellon
BNY
$108B
– –
-5,566
Closed -$252K
BKLN icon
146
Invesco Senior Loan ETF
BKLN
$6.8B
– –
-265
Closed -$6K
BKNG icon
147
Booking.com
BKNG
$160B
– –
-1,225
Closed -$96K
BLCN
148
DELISTED
Siren ETF Trust Siren NexGen Economy ETF
BLCN
– –
-800
Closed -$18K
BLK icon
149
Blackrock
BLK
$176B
– –
-76
Closed -$34K
BLOK icon
150
Amplify Blockchain Technology ETF
BLOK
$1.08B
– –
-160
Closed -$3K
4 5
6
7 8

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LCM
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KCM
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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.