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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
IYW icon
201
iShares US Technology ETF
IYW
$25.2B
$142K 0.06%
+2,788
New +$162K
MU icon
202
Micron Technology
MU
$991B
$142K 0.06%
+3,370
New +$175K
UPS icon
203
United Parcel Service
UPS
$88.9B
$141K 0.06%
+1,513
New +$157K
SOXX icon
204
iShares Semiconductor ETF
SOXX
$48.7B
$139K 0.06%
+2,034
New +$161K
BSCL
205
DELISTED
Invesco BulletShares 2021 Corporate Bond ETF
BSCL
$139K 0.06%
+6,617
New +$139K
BSCM
206
DELISTED
Invesco BulletShares 2022 Corporate Bond ETF
BSCM
$139K 0.06%
+6,581
New +$140K
TJX icon
207
TJX Companies
TJX
$178B
$138K 0.06%
+2,886
New +$166K
BSCN
208
DELISTED
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
$137K 0.06%
+6,600
New +$139K
BSCP
209
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
$136K 0.06%
+6,600
New +$141K
DEO icon
210
Diageo
DEO
$53.6B
$136K 0.06%
+1,066
New +$160K
BSCO
211
DELISTED
Invesco BulletShares 2024 Corporate Bond ETF
BSCO
$136K 0.06%
+6,600
New +$140K
IPFF
212
DELISTED
iShares International Preferred Stock ETF
IPFF
$136K 0.06%
+12,972
New +$178K
BSCK
213
DELISTED
Invesco BulletShares 2020 Corporate Bond ETF
BSCK
$136K 0.06%
+6,492
New +$137K
ABMD
214
DELISTED
Abiomed Inc
ABMD
$134K 0.06%
+925
New +$154K
VTI icon
215
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
$131K 0.06%
1,015
-212,833
-100% -$32.9M
VUG icon
216
Vanguard Morningstar Growth ETF
VUG
$231B
$130K 0.06%
+4,986
New +$149K
CGC
217
Canopy Growth
CGC
$410M
$127K 0.06%
+883
New +$166K
PYPL icon
218
PayPal
PYPL
$50.5B
$127K 0.06%
+1,324
New +$146K
YLD icon
219
Principal Active High Yield ETF
YLD
$584M
$127K 0.06%
+7,890
New +$152K
FSK icon
220
FS KKR Capital
FSK
$3.44B
$126K 0.06%
+10,467
New +$224K
TGT icon
221
Target
TGT
$68B
$124K 0.05%
+1,334
New +$148K
EPD icon
222
Enterprise Products Partners
EPD
$81.7B
$123K 0.05%
+8,576
New +$199K
VV icon
223
Vanguard Morningstar Large-Cap ETF
VV
$54.3B
$123K 0.05%
1,037
-1,317
-56% -$185K
TLT icon
224
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
$122K 0.05%
+739
New +$110K
IEP icon
225
Icahn Enterprises
IEP
$5.3B
$121K 0.05%
+2,500
New +$151K
7 8
9
10 11

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MAM
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KCM
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MIA
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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.