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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
BLV icon
151
Vanguard Long-Term Bond ETF
BLV
$5.76B
– –
-10,128
Closed -$1.04M
BME icon
152
BlackRock Health Sciences Trust
BME
$562M
– –
-767
Closed -$29K
BMRC icon
153
Bank of Marin Bancorp
BMRC
$474M
– –
-898
Closed -$37K
BND icon
154
Vanguard Total Bond Market
BND
$158B
– –
-35,280
Closed -$2.98M
BMY icon
155
Bristol-Myers Squibb
BMY
$134B
– –
-2,598
Closed -$132K
BNDX icon
156
Vanguard Total International Bond ETF
BNDX
$82.3B
– –
-791
Closed -$47K
BNED icon
157
Barnes & Noble Education
BNED
$447M
– –
-3
Closed -$1K
BOND icon
158
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.48B
– –
-255
Closed -$28K
BOOT icon
159
Boot Barn
BOOT
$4.8B
– –
-200
Closed -$7K
BOTZ icon
160
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.46B
– –
-2,500
Closed -$50K
BOX icon
161
Box
BOX
$4.39B
– –
-550
Closed -$9K
BP icon
162
BP
BP
$109B
– –
-2,513
Closed -$95K
BSCP
163
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
– –
-6,600
Closed -$141K
BST icon
164
BlackRock Science and Technology Trust
BST
$1.65B
– –
-1,435
Closed -$45K
BSV icon
165
Vanguard Short-Term Bond ETF
BSV
$44.6B
– –
-333
Closed -$27K
BSX icon
166
Boston Scientific
BSX
$70.2B
– –
-136
Closed -$6K
BUD icon
167
AB InBev
BUD
$167B
– –
-153
Closed -$15K
BX icon
168
CALL
Blackstone
BX
$108B
– –
-8
Closed -$1K
BX icon
169
Blackstone
BX
$108B
– –
-47,174
Closed -$2.3M
BXMT icon
170
Blackstone Mortgage Trust
BXMT
$2.46B
– –
-306
Closed -$11K
BYND icon
171
Beyond Meat
BYND
$327M
– –
-225
Closed -$33K
C icon
172
Citigroup
C
$224B
– –
-4,690
Closed -$324K
CAH icon
173
Cardinal Health
CAH
$55.2B
– –
-10
Closed –
CAT icon
174
CALL
Caterpillar
CAT
$382B
– –
-3
Closed -$3K
CB icon
175
Chubb
CB
$134B
– –
-336
Closed -$54K
5 6
7
8 9

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MAM
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LCM
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KCM
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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.