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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
SPDW icon
151
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.6B
$213K 0.09%
+8,889
New +$254K
MMM icon
152
3M
MMM
$94.3B
$208K 0.09%
+1,823
New +$240K
LOW icon
153
Lowe's Companies
LOW
$125B
$206K 0.09%
+2,397
New +$262K
XLC icon
154
State Street Communication Services Select Sector SPDR ETF
XLC
$22.4B
$204K 0.09%
+4,600
New +$238K
FTSL icon
155
First Trust Senior Loan Fund ETF
FTSL
$2.33B
$203K 0.09%
+4,850
New +$222K
D icon
156
Dominion Energy
D
$59.3B
$200K 0.09%
+2,771
New +$226K
EWC icon
157
iShares MSCI Canada ETF
EWC
$6.33B
$200K 0.09%
+9,148
New +$250K
GSK icon
158
GSK
GSK
$106B
$200K 0.09%
+4,226
New +$225K
PM icon
159
Philip Morris
PM
$295B
$199K 0.09%
+2,730
New +$225K
FPE icon
160
First Trust Preferred Securities and Income ETF
FPE
$6.36B
$189K 0.08%
+11,531
New +$221K
NVCR icon
161
NovoCure
NVCR
$1.91B
$189K 0.08%
+2,800
New +$221K
C icon
162
Citigroup
C
$226B
$188K 0.08%
+4,469
New +$300K
CPRT icon
163
Copart
CPRT
$27.5B
$188K 0.08%
+10,980
New +$244K
BNY
164
Bank of New York Mellon
BNY
$107B
$187K 0.08%
+5,566
New +$234K
AWK icon
165
American Water Works
AWK
$26.9B
$186K 0.08%
+1,555
New +$201K
IWN icon
166
iShares Russell 2000 Value ETF
IWN
$14.6B
$185K 0.08%
+2,251
New +$253K
BMY icon
167
Bristol-Myers Squibb
BMY
$132B
$183K 0.08%
+3,281
New +$201K
STZ icon
168
Constellation Brands
STZ
$23.2B
$183K 0.08%
+1,275
New +$225K
BSV icon
169
Vanguard Short-Term Bond ETF
BSV
$44.6B
$182K 0.08%
+2,211
New +$180K
DVY icon
170
iShares Select Dividend ETF
DVY
$23.6B
$182K 0.08%
+2,470
New +$236K
ACN icon
171
Accenture
ACN
$108B
$179K 0.08%
+1,095
New +$211K
IVW icon
172
iShares S&P 500 Growth ETF
IVW
$77.6B
$175K 0.08%
+4,244
New +$201K
ARCC icon
173
Ares Capital
ARCC
$14.4B
$174K 0.08%
+16,119
New +$272K
GSG icon
174
iShares S&P GSCI Commodity-Indexed Trust
GSG
$968M
$171K 0.08%
+18,401
New +$250K
DFP
175
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$427M
$168K 0.07%
+8,299
New +$208K
5 6
7
8 9

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DAM
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PHS
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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.