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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
-13.9%
1 Year Est. Return
+27.49%
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
AGG icon
1
iShares Core US Aggregate Bond ETF
AGG
$138B
$31.6M 13.95%
274,318
+258,601
+1,645% +$29.5M
IVV icon
2
iShares Core S&P 500 ETF
IVV
$869B
$16.2M 7.16%
62,862
+54,977
+697% +$16.8M
AAPL icon
3
Apple
AAPL
$4.89T
$6.93M 3.06%
109,072
+79,560
+270% +$5.85M
FVD icon
4
First Trust Value Line Dividend Fund
FVD
$8.29B
$6.31M 2.78%
227,875
-1,301,333
-85% -$43.7M
FTSM icon
5
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
$6.04M 2.66%
+102,316
New +$6.12M
AMZN icon
6
Amazon
AMZN
$2.5T
$5.36M 2.36%
54,980
+49,160
+845% +$4.76M
SPY icon
7
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$5.04M 2.22%
19,558
-44,921
-70% -$13.7M
FTCS icon
8
First Trust Capital Strength ETF
FTCS
$7.88B
$4.87M 2.15%
+97,978
New +$5.65M
VNLA icon
9
Janus Henderson Short Duration Income ETF
VNLA
$3.33B
$4.47M 1.97%
+90,738
New +$4.51M
MTUM icon
10
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$3.8M 1.68%
+35,695
New +$4.41M
IWO icon
11
iShares Russell 2000 Growth ETF
IWO
$14.3B
$3.64M 1.6%
+22,991
New +$4.56M
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$3.91T
$3.61M 1.59%
+62,120
New +$4.21M
FPX icon
13
First Trust US Equity Opportunities ETF
FPX
$1.51B
$3.5M 1.54%
+55,533
New +$4.29M
QQQ icon
14
Invesco QQQ Trust
QQQ
$450B
$3.48M 1.53%
18,281
-265,690
-94% -$56.2M
SPAB icon
15
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.78B
$3.23M 1.43%
+106,977
New +$3.18M
IJH icon
16
iShares Core S&P Mid-Cap ETF
IJH
$123B
$2.94M 1.3%
+102,245
New +$3.8M
IUSG icon
17
iShares Core S&P US Growth ETF
IUSG
$31.1B
$2.57M 1.13%
+45,094
New +$2.97M
ITOT icon
18
iShares Core S&P Total US Stock Market ETF
ITOT
$93.2B
$2.56M 1.13%
+44,670
New +$3.07M
JPST icon
19
JPMorgan Ultra-Short Income ETF
JPST
$40B
$2.41M 1.06%
48,516
-44,881
-48% -$2.26M
IJR icon
20
iShares Core S&P Small-Cap ETF
IJR
$109B
$2.22M 0.98%
+39,581
New +$2.95M
MSFT icon
21
Microsoft
MSFT
$2.84T
$2.15M 0.95%
13,617
+11,859
+675% +$1.95M
BX icon
22
Blackstone
BX
$104B
$2.15M 0.95%
+47,113
New +$2.61M
SPTS icon
23
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.07B
$1.95M 0.86%
+63,488
New +$1.92M
BIL icon
24
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
$1.79M 0.79%
+19,538
New +$1.79M
USMC icon
25
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$3.52B
$1.76M 0.78%
+67,966
New +$2.03M
1
2 3 4 5

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MAM
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LCM
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PRS
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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.