Institutional Manager · CIK 0001776033

Golden State Wealth Management, LLC

SANTA ANA, CA · File #028-19519

Latest AUM

$946.8M

Positions

1,737

Top-10 Concentration

51.6%

Filings

Portfolio Value Over Time

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES CORE	464287200	+97,325	+$66.7M	+$19,290
ADD	APPLE INC	AAPL	+85,756	+$23.3M	+$350,736
ADD	NVIDIA CORP	NVDA	+111,346	+$20.8M	-$455
ADD	INVESCO QQQ	IVZ	+32,884	+$20.2M	+$6,180
ADD	MICROSOFT CORP	MSFT	+25,822	+$12.5M	-$23,469
ADD	STATE STREET	78464A854	+110,158	+$8.8M	+$5,886
ADD	FIRST TRUST	33740F755	+241,797	+$8.3M	+$8,557
ADD	FIRST TRUST	33741X102	+176,937	+$6.8M	+$17,075
ADD	ISHARES MSCI	46432F339	+33,966	+$6.7M	+$6,456
NEW	AB ACTIVE	00039J772	+257,474	+$6.5M	$0

Sector Allocation

Technology

9.9%$93.4M

Financials

9.1%$85.8M

Consumer Discretionary

4.0%$37.5M

Industrials

2.2%$20.6M

Healthcare

1.1%$10.3M

Communication Services

1.0%$9.2M

0.5%$4.3M

0.4%$3.9M

0.4%$3.7M

0.3%$3.0M

0.2%$1.5M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 20251,737 pos · $946.8M
Nov 3, 202513F HOLDINGS REPORTQ/E Sep 20251,719 pos · $906.2M
Aug 6, 202513F HOLDINGS REPORTQ/E Jun 20251,620 pos · $821.8M
Apr 24, 202513F HOLDINGS REPORT (Amended)Q/E Mar 20251,673 pos · $673.0M
Apr 23, 202513F HOLDINGS REPORTQ/E Mar 202536,317 pos · $673.0M
Jan 28, 202513F HOLDINGS REPORTQ/E Dec 20241,557 pos · $667.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES CORE	464287200	98,571	$67.5M	11.80%
2	SPDR S&P	SPY	78,690	$53.7M	9.38%
3	APPLE INC	AAPL	106,108	$28.8M	5.04%
4	ISHARES CORE	464287226	263,367	$26.3M	4.60%
5	NVIDIA CORP	NVDA	117,076	$21.8M	3.82%
6	FIRST TRUST	33734H106	469,031	$21.6M	3.78%
7	INVESCO QQQ	IVZ	33,327	$20.5M	3.58%
8	ALPHABET INC	GOOG	64,680	$20.2M	3.54%
9	AMAZON COM	AMZN	85,897	$19.8M	3.46%
10	AMERICAN CENTURY	025072307	132,252	$15.1M	2.65%
11	PRINCIPAL US	74255Y870	207,963	$14.2M	2.49%
12	HARBOR LONG	41151J406	443,414	$13.8M	2.41%
13	FIRST TRUST	33738R506	197,880	$13.7M	2.40%
14	STATE STREET	78464A649	504,992	$13.0M	2.27%
15	MICROSOFT CORP	MSFT	26,502	$12.8M	2.24%
16	JPMORGAN BETABUILDERS	46641Q399	86,204	$10.6M	1.86%
17	FIRST TRUST	33733E104	107,690	$10.0M	1.74%
18	TESLA INC	TSLA	21,293	$9.6M	1.67%
19	STATE STREET	78464A854	113,300	$9.1M	1.59%
20	FIRST TRUST	33741X102	233,728	$9.0M	1.57%