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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
VB icon
126
Vanguard Morningstar Small-Cap ETF
VB
$82.4B
$251K 0.11%
+2,174
New +$327K
NEAR icon
127
iShares Short Maturity Bond ETF
NEAR
$4.85B
$243K 0.11%
+5,004
New +$249K
VO icon
128
Vanguard Morningstar Mid-Cap ETF
VO
$109B
$243K 0.11%
+7,388
New +$306K
CACG
129
DELISTED
Legg Mason ETF Investment Trust ClearBridge All Cap Growth ESG ETF
CACG
$242K 0.11%
+8,300
New +$276K
FMB icon
130
First Trust Managed Municipal ETF
FMB
$2.06B
$240K 0.11%
+4,436
New +$247K
NXPI icon
131
NXP Semiconductors
NXPI
$60.4B
$240K 0.11%
+2,890
New +$339K
SCHG icon
132
Schwab US Large-Cap Growth ETF
SCHG
$62.8B
$239K 0.11%
24,048
-71,344
-75% -$814K
PEP icon
133
PepsiCo
PEP
$190B
$236K 0.1%
+1,962
New +$265K
AMD icon
134
Advanced Micro Devices
AMD
$789B
$235K 0.1%
+5,165
New +$249K
PDI icon
135
PIMCO Dynamic Income Fund
PDI
$7.42B
$235K 0.1%
+10,638
New +$319K
SCHF icon
136
Schwab International Equity ETF
SCHF
$68.7B
$234K 0.1%
+18,126
New +$279K
VALQ icon
137
American Century US Quality Value ETF
VALQ
$340M
$233K 0.1%
+7,420
New +$293K
ROKU icon
138
Roku
ROKU
$22.7B
$232K 0.1%
+2,649
New +$305K
ALL icon
139
Allstate
ALL
$67.5B
$231K 0.1%
+2,521
New +$274K
BNDX icon
140
Vanguard Total International Bond ETF
BNDX
$82.2B
$230K 0.1%
+4,085
New +$233K
CAT icon
141
Caterpillar
CAT
$387B
$228K 0.1%
1,964
-106
-5% -$13.5K
FBT icon
142
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.83B
$224K 0.1%
+1,711
New +$244K
IBM icon
143
IBM
IBM
$224B
$224K 0.1%
2,114
+406
+24% +$51.3K
AXP icon
144
American Express
AXP
$230B
$223K 0.1%
+2,600
New +$303K
BND icon
145
Vanguard Total Bond Market
BND
$158B
$223K 0.1%
+2,617
New +$222K
SH icon
146
ProShares Short S&P500
SH
$897M
$221K 0.1%
+2,001
New +$202K
SWKS icon
147
Skyworks Solutions
SWKS
$10.6B
$221K 0.1%
+2,475
New +$264K
HYG icon
148
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$220K 0.1%
+2,852
New +$241K
RODM icon
149
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.65B
$216K 0.1%
+9,792
New +$262K
RTX icon
150
RTX Corp
RTX
$301B
$216K 0.1%
+3,639
New +$308K
4 5
6
7 8

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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 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.