Golden State Wealth Management, LLC
Long book
$914.8M
Q1 2026
Positions
1609
Top-10 weight
31%
concentration
Last quarter
+12.6%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsGolden State Wealth Management, LLC is a wealth-management firm allocating client money, running a $914.8M US long book across 1609 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, SS SPDR S&P 500 ETF TRUST-US, APPLE INC, ISHARES CORE U.S. AGGREGATE, FIRST TRUST VALUE LINE DVD.
Over the last 6 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-3.6%
Q1 2025
+8.7%
Q2 2025
+7.6%
Q3 2025
+2.0%
Q4 2025
-2.8%
Q1 2026
+12.6%
Sector allocation
Technology 46%
Industrials 13%
Consumer discretionary 13%
Financials 11%
Utilities 4%
Healthcare 3%
Services media 3%
Other 2%
Long book by quarter
What does Golden State own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 122.3K | $31.0M | 3.4% | -2.6% |
| NVDA NVIDIA CORP | Technology | 117.6K | $20.5M | 2.2% | -4.4% |
| GOOGL ALPHABET INC-CL A | Technology | 65.9K | $18.9M | 2.1% | +1.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 87.7K | $18.3M | 2.0% | -0.8% |
| MSFT MICROSOFT CORP | Technology | 22.0K | $8.1M | 0.9% | -18.9% |
| TSLA TESLA INC | Industrials | 21.1K | $7.9M | 0.9% | -0.8% |
| BX BLACKSTONE INC | Financials | 50.8K | $5.8M | 0.6% | +0.2% |
| RTX RTX CORP | Industrials | 30.3K | $5.8M | 0.6% | -0.6% |
| AVGO BROADCOM INC | Technology | 18.5K | $5.7M | 0.6% | +0.9% |
| META META PLATFORMS INC-CLASS A | Technology | 9.0K | $5.2M | 0.6% | -0.6% |
| JPM JPMORGAN CHASE & CO | Financials | 13.9K | $4.1M | 0.4% | +7.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 4.0K | $4.0M | 0.4% | +4.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 7.1K | $3.4M | 0.4% | -1.8% |
| GOOG ALPHABET INC-CL C | Technology | 11.3K | $3.2M | 0.4% | -7.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 22.1K | $3.2M | 0.4% | -3.4% |
| MSTR STRATEGY INC | Financials | 25.2K | $3.1M | 0.3% | +4.9% |
| WMT WALMART INC | Consumer discretionary | 20.2K | $2.5M | 0.3% | +1.6% |
| V VISA INC-CLASS A SHARES | Services media | 7.6K | $2.3M | 0.3% | +0.9% |
| GEV GE VERNOVA INC | Industrials | 2.4K | $2.1M | 0.2% | -3.2% |
| CAT CATERPILLAR INC | Industrials | 2.9K | $2.1M | 0.2% | -4.2% |
| HD HOME DEPOT INC | Consumer discretionary | 6.1K | $2.0M | 0.2% | -13.9% |
| SNDK SANDISK CORP | Technology | 3.1K | $2.0M | 0.2% | -15.2% |
| CEG CONSTELLATION ENERGY | Utilities | 6.9K | $1.9M | 0.2% | -0.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 1666 | $914.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 1737 | $946.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 1719 | $906.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 1620 | $821.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Apr 24, 2025 | 1673 | $673.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 36317 | $673.0M | SEC ↗ | |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 1557 | $667.5M | canonical | SEC ↗ |