PWM

Paulson Wealth Management Portfolio holdings

AUM $355M

AUM

$355M

AUM Growth

-$11.2M (-3%)

Cap. Flow

+$2.26M

Cap. Flow % of AUM

0.64%

Top 10 Holdings %Top 10 Hldgs %

67.72%

Holding

141

New

Increased

Reduced

Closed

Top Buys

1	iShares Russell 1000 Growth ETF IWF	$2.24M
2	iShares Russell 1000 Value ETF IWD	$2.11M
3	iShares Russell 2000 ETF IWM	$1.2M
4	iShares MSCI EAFE ETF EFA	$785K
5	SPDR S&P MidCap 400 ETF Trust MDY	$517K

Top Sells

1	Vanguard Small-Cap ETF VB	$718K
2	Apple AAPL	$589K
3	Invesco QQQ Trust QQQ	$578K
4	Schwab US Mid-Cap ETF SCHM	$530K
5	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$517K

Sector Composition

1	Technology	8.95%
2	Financials	2.68%
3	Healthcare	1.87%
4	Consumer Discretionary	1.16%
5	Consumer Staples	1.16%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Russell 1000 Value ETF IWD $61.4B	$51.2M	14.41%	272,067 +11,221	+4%	+$2.11M
2	2 iShares Russell 1000 Growth ETF IWF $107B	$50.4M	14.19%	139,566 +6,209	+5%	+$2.24M
3	3 iShares MSCI EAFE ETF EFA $63.1B	$33M	9.3%	404,067 +9,605	+2%	+$785K
4	4 iShares Russell 2000 ETF IWM $64.1B	$26.1M	7.34%	130,775 +6,028	+5%	+$1.2M
5	5 Apple AAPL $3.05T	$22.7M	6.38%	102,114 -2,650	-3%	-$589K
6	6 Vanguard Short-Term Corporate Bond ETF VCSH $34.8B	$15.4M	4.33%	194,793 +4,610	+2%	+$364K
7	7 SPDR S&P 500 ETF Trust SPY $635B	$11.1M	3.13%	19,897 +93	+0.5%	+$52K
8	8 SPDR Bloomberg Convertible Securities ETF CWB $3.85B	$10.9M	3.06%	141,916 +3,657	+3%	+$280K
9	9 iShares Short Treasury Bond ETF SHV $20.5B	$10.3M	2.91%	93,675 +2,395	+3%	+$265K
10	10 iShares 3-7 Year Treasury Bond ETF IEI $15.5B	$9.47M	2.67%	80,158 +2,860	+4%	+$338K
11	11 Vanguard FTSE Developed Markets ETF VEA $160B	$8.27M	2.33%	162,788 -1,974	-1%	-$100K
12	12 PIMCO Municipal Income Opportunities Active ETF MINO $318M	$5.15M	1.45%	115,183 +194	+0.2%	+$8.68K
13	13 Schwab US Large- Cap ETF SCHX $54.6B	$4.77M	1.34%	216,153 -22,999	-10%	-$508K
14	14 Invesco QQQ Trust QQQ $341B	$4.66M	1.31%	9,948 -1,232	-11%	-$578K
15	15 American Century Quality Preferred ETF QPFF $67.8M	$4.48M	1.26%	126,735 +3,830	+3%	+$136K
16	16 SPDR S&P MidCap 400 ETF Trust MDY $22.3B	$4.18M	1.18%	7,841 +970	+14%	+$517K
17	17 SPDR Portfolio S&P 600 Small Cap ETF SPSM $11.1B	$4.15M	1.17%	101,894 +2,472	+2%	+$101K
18	18 iShares National Muni Bond ETF MUB $38.5B	$2.78M	0.78%	26,410 -418	-2%	-$44.1K
19	19 iShares Core S&P 500 ETF IVV $591B	$2.77M	0.78%	4,925 -14	-0.3%	-$7.87K
20	20 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $44.1B	$2.57M	0.72%	27,972 -5,633	-17%	-$517K
21	21 IQ MacKay Municipal Insured ETF MMIN $480M	$2.53M	0.71%	107,172 -1,331	-1%	-$31.5K
22	22 SPDR Nuveen ICE Short Term Municipal Bond ETF SHM $3.39B	$2.26M	0.64%	47,501 -2,535	-5%	-$121K
23	23 Microsoft MSFT $3.5T	$2.2M	0.62%	5,854 -203	-3%	-$76.2K
24	24 Lazard LAZ $4.23B	$2.11M	0.59%	48,762	–	–
25	25 JPMorgan Chase JPM $738B	$2.1M	0.59%	8,565 -60	-0.7%	-$14.7K