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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
+7.1%
1 Year Est. Return
+19.16%
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
QQQ icon
1
Invesco QQQ Trust
QQQ
$467B
$60.4M 11.54%
283,971
+255,614
+901% +$51.2M
SCHB icon
2
Schwab US Broad Market ETF
SCHB
$43.2B
$59.1M 11.28%
+4,608,684
New +$56.5M
FTA icon
3
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.36B
$56.9M 10.87%
+1,006,379
New +$54M
FVD icon
4
First Trust Value Line Dividend Fund
FVD
$8.21B
$55.1M 10.53%
1,529,208
+1,331,403
+673% +$46.9M
JPUS
5
JPMorgan Diversified Return US Equity ETF
JPUS
$451M
$53.9M 10.3%
+676,474
New +$52.2M
SCHE icon
6
Schwab Emerging Markets Equity ETF
SCHE
$12.4B
$52M 9.93%
1,898,759
+1,890,622
+23,235% +$49.8M
VTI icon
7
Vanguard Total Stock Market ETF
VTI
$660B
$35M 6.69%
213,848
+208,118
+3,632% +$32.6M
BBAG icon
8
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
$29M 5.53%
+545,324
New +$29.1M
GLD icon
9
SPDR Gold Trust
GLD
$129B
$24.4M 4.67%
170,963
+169,612
+12,555% +$23.7M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$785B
$20.8M 3.97%
64,479
+34,933
+118% +$10.8M
TIP icon
11
iShares TIPS Bond ETF
TIP
$14.6B
$17.5M 3.35%
150,218
+149,386
+17,955% +$17.4M
CXSE icon
12
WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund
CXSE
$490M
$17.3M 3.3%
+415,768
New +$16M
JPST icon
13
JPMorgan Ultra-Short Income ETF
JPST
$40B
$4.71M 0.9%
93,397
-1,670
-2% -$84.3K
LQD icon
14
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$35B
$4.66M 0.89%
36,401
+34,818
+2,199% +$4.43M
IVV icon
15
iShares Core S&P 500 ETF
IVV
$884B
$2.55M 0.49%
7,885
-36,474
-82% -$11.3M
FVAL icon
16
Fidelity Value Factor ETF
FVAL
$1.29B
$2.45M 0.47%
+64,508
New +$2.33M
UAL icon
17
United Airlines
UAL
$38.2B
$2.43M 0.46%
27,595
+27,586
+306,511% +$2.48M
AAPL icon
18
Apple
AAPL
$4.76T
$2.17M 0.41%
29,512
-118,856
-80% -$7.65M
SCHX icon
19
Schwab US Large- Cap ETF
SCHX
$71.6B
$1.99M 0.38%
155,616
+155,568
+324,100% +$1.91M
IEMG icon
20
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$1.84M 0.35%
34,291
+33,685
+5,559% +$1.74M
AGG icon
21
iShares Core US Aggregate Bond ETF
AGG
$138B
$1.77M 0.34%
15,717
-250,958
-94% -$28.3M
ORCL icon
22
Oracle
ORCL
$354B
$1.66M 0.32%
31,246
+28,772
+1,163% +$1.58M
DVOP
23
DELISTED
Source Dividend Opportunity ETF
DVOP
$1.61M 0.31%
+64,493
New +$1.61M
SCHV
24
Schwab US Large-Cap Value ETF
SCHV
$15.6B
$1.39M 0.27%
+69,483
New +$1.35M
SCHG icon
25
Schwab US Large-Cap Growth ETF
SCHG
$60.1B
$1.11M 0.21%
95,392
+71,344
+297% +$786K
1
2 3 4 5

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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 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.