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GSWM

Golden State Wealth Management Portfolio holdings

AUM $915M
1-Year Est. Return 19.16%
This Fund
S&P 500
This Quarter Est. Return
+1.24%
1 Year Est. Return
+19.16%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$303M
AUM Growth
-$12.2M
Cap. Flow
-$15.4M
Cap. Flow %
-5.07%
Top 10 Hldgs %
32.77%
Holding
1,187
New
63
Increased
318
Reduced
262
Closed
76

Top Buys

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$4.76M
2
MO icon
Altria Group
MO
+$700K
3
PEG icon
Public Service Enterprise Group
PEG
+$609K
4
VALQ icon
American Century US Quality Value ETF
VALQ
+$592K
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$575K

Top Sells

Rank Stock Value
1
IGHG icon
ProShares Investment Grade-Interest Rate Hedged
IGHG
+$2.53M
2
VRP icon
Invesco Variable Rate Preferred ETF
VRP
+$1.77M
3
CMF icon
iShares California Muni Bond ETF
CMF
+$1.59M
4
SLV icon
iShares Silver Trust
SLV
+$1.45M
5
FYX icon
First Trust Small Cap Core AlphaDEX Fund
FYX
+$901K

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.27%
3 Consumer Discretionary 3.75%
4 Communication Services 3.27%
5 Industrials 3.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGG icon
1
iShares Core US Aggregate Bond ETF
AGG
$138B
$30.2M 9.96%
266,675
+5,119
+2% +$575K
IVV icon
2
iShares Core S&P 500 ETF
IVV
$884B
$13.2M 4.37%
44,359
+1,468
+3% +$436K
CFA icon
3
VictoryShares US 500 Volatility Wtd ETF
CFA
$535M
$9.26M 3.05%
174,909
-10,393
-6% -$546K
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$785B
$8.77M 2.89%
29,546
-609
-2% -$180K
AAPL icon
5
Apple
AAPL
$4.76T
$8.31M 2.74%
148,368
-7,868
-5% -$411K
FVD icon
6
First Trust Value Line Dividend Fund
FVD
$8.21B
$6.9M 2.28%
197,805
+5,379
+3% +$183K
VNLA icon
7
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
$6.1M 2.01%
121,881
+10,769
+10% +$538K
AMZN icon
8
Amazon
AMZN
$2.71T
$5.71M 1.89%
65,840
-6,420
-9% -$595K
FTSM icon
9
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
$5.51M 1.82%
91,665
+3,025
+3% +$182K
QQQ icon
10
Invesco QQQ Trust
QQQ
$467B
$5.35M 1.77%
28,357
-590
-2% -$112K
JPST icon
11
JPMorgan Ultra-Short Income ETF
JPST
$40B
$4.79M 1.58%
95,067
+94,254
+11,593% +$4.76M
FTCS icon
12
First Trust Capital Strength ETF
FTCS
$7.82B
$4.53M 1.49%
79,756
+3,173
+4% +$181K
MTUM icon
13
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$4.28M 1.41%
35,870
-307
-0.8% -$37K
IWO icon
14
iShares Russell 2000 Growth ETF
IWO
$14.7B
$4.17M 1.38%
21,649
+6
+0% +$1.19K
RODM icon
15
Hartford Multifactor Developed Markets ex-US ETF
RODM
$1.57B
$4.09M 1.35%
146,625
-13,338
-8% -$369K
GOOGL icon
16
Alphabet (Google) Class A
GOOGL
$4.34T
$4M 1.32%
65,560
-6,760
-9% -$400K
IUSG icon
17
iShares Core S&P US Growth ETF
IUSG
$31.8B
$3.99M 1.32%
63,400
+1,276
+2% +$80.7K
FPX icon
18
First Trust US Equity Opportunities ETF
FPX
$1.54B
$3.94M 1.3%
52,015
+2,162
+4% +$170K
IJH icon
19
iShares Core S&P Mid-Cap ETF
IJH
$122B
$3.91M 1.29%
101,270
+4,050
+4% +$156K
DON icon
20
WisdomTree US MidCap Dividend Fund
DON
$4.01B
$3.91M 1.29%
107,679
-5,052
-4% -$181K
ITOT icon
21
iShares Core S&P Total US Stock Market ETF
ITOT
$94.1B
$3.24M 1.07%
48,350
-5,830
-11% -$391K
BND icon
22
Vanguard Total Bond Market
BND
$158B
$2.98M 0.98%
35,280
-1,787
-5% -$150K
IJR icon
23
iShares Core S&P Small-Cap ETF
IJR
$110B
$2.78M 0.92%
35,701
+160
+0.5% +$12.4K
XLF icon
24
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$2.62M 0.86%
93,425
-944
-1% -$26.1K
BIL icon
25
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$2.46M 0.81%
26,846
-3,153
-11% -$289K
1
2 3 4 5

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DWP
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SOCM
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CWMK
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SA
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BDF
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SI
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GIG
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Golden State Wealth Management's Q3 2019 Portfolio in Review

As of Q3 2019, Golden State Wealth Management held 1,187 positions worth $303M, down 3.9% from $315M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Golden State Wealth Management withdrew a net $15.4M in Q3 2019, closing 76 positions and reducing 262 holdings. Its most notable exit was ProShares Investment Grade-Interest Rate Hedged, an estimated $2.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 6.2% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Golden State Wealth Management opened a new position in Public Service Enterprise Group worth $633K.

  • Golden State Wealth Management's largest Q3 2019 buy was Public Service Enterprise Group: 10,202 shares worth $633K.
  • Golden State Wealth Management added most to JPMorgan Ultra-Short Income ETF in Q3 2019, an estimated $4.76M increase.
  • Golden State Wealth Management's biggest Q3 2019 reduction was Invesco Variable Rate Preferred ETF, cutting an estimated $1.77M.
  • Golden State Wealth Management fully exited ProShares Investment Grade-Interest Rate Hedged in Q3 2019, selling an estimated $2.53M.
  • Golden State Wealth Management's ten largest holdings make up 33% of its $303M portfolio in Q3 2019.
  • Golden State Wealth Management opened 63 new positions and closed 76 in Q3 2019.
  • Golden State Wealth Management's portfolio value fell 3.9% quarter-over-quarter to $303M.

Based on Golden State Wealth Management's 13F filing for Q3 2019, filed 23 Oct 2019.