Golden State Wealth Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Golden State Wealth Management, LLC reported 1,565 stock positions worth $821.7 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 5.9%) and Apple (AAPL, 3.2%). Compared with Q1 2025, it opened 88 new positions, sold out of 108, added to 457 and reduced 412. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +261%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
SANTA ANA, CA
CIK
0001776033
Portfolio Value
$821.7M (Q2 2025)
SEC Filing
0001776033-25-000007 ↗ filed Aug 6, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q4 2024: $667.3M Q4 2024 Q1 2025: $672.9M Q1 2025 Q2 2025: $821.7M $821.7M Q2 2025 Q3 2025: $906.0M Q3 2025 Q4 2025: $946.7M Q4 2025 Q1 2026: $914.7M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 1,565 stocks · $821.7M
IVV iShares Core S&P 500 ETF 7.44% 98,488 $61.2M Add +13.5%
SPY SS SPDR S&P 500 ETF Trust-US 5.90% 78,469 $48.5M Add +260.5%
AAPL Apple Inc. 3.19% 127,951 $26.3M Reduce -0.4%
AGG iShares Core U.S. Aggregate 3.10% 256,641 $25.5M Add +4.0%
FVD First Trust Value Line DVD 2.60% 477,604 $21.3M Add +3.8%
QQQ Invesco QQQ Trust Series 1 2.27% 33,829 $18.7M Add +3.3%
AMZN Amazon.com Inc. 2.26% 84,601 $18.6M Add +15.7%
NVDA Nvidia Corp. 2.17% 113,048 $17.9M Add +20.3%
WINN Harbor Long-Term Growers ETF 1.81% 510,372 $14.9M Reduce -12.0%
RDVY First Trust Rising Dividend 1.71% 224,504 $14.1M Add +29.8%
MSFT Microsoft Corp. 1.61% 26,573 $13.2M Add +20.7%
SPAB SS SPDR P Agg Bond ETF 1.57% 503,795 $12.9M Reduce -1.6%
USMC Principal US Mega-Cap ETF 1.49% 195,564 $12.2M Add +2.1%
GOOGL Alphabet Inc. Class A 1.40% 65,398 $11.5M Add +19.3%
SDVY First Trust Smid Cap Rising 1.30% 303,184 $10.7M Add +2.9%
FTCS First Trust Capital Strength 1.26% 114,088 $10.4M Reduce -3.1%
DGRW Wisdomtree U.S. Quality Divi 1.22% 120,061 $10.1M Reduce -4.9%
SPYM Ste STR SPDR PT S&P 500 ETF 1.02% 115,015 $8.4M Add +4.5%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 1.00% 20,397 $8.2M Add +29.4%
BX Blackstone Inc. 1.00% 54,785 $8.2M Reduce -5.7%
USFR Wisdomtree Floating Rate Tre 0.93% 152,406 $7.7M Add +27.6%
BUFR FT Vest Lad Buffervetf-Usd I 0.92% 236,711 $7.5M Add +7.5%
HUSV FT Horizon MNGD Vol Dom ETF 0.88% 181,443 $7.2M Reduce -1.4%
TSLA Tesla Inc. 0.86% 22,143 $7.0M Add +25.7%
QUAL iShares MSCI USA Quality Fac 0.81% 36,324 $6.6M Add +16.0%
META Meta Platforms Inc. Class A 0.77% 8,590 $6.3M Add +71.3%
SPYG SS SPDR P S&P 500 Growth ETF 0.77% 66,394 $6.3M Reduce -1.7%
JQUA JPMorgan US Quality Factor 0.68% 93,542 $5.6M Add +0.9%
VNLA Janus Henderson Short Durati 0.67% 111,516 $5.5M Reduce -0.6%
VIG Vanguard Dividend Apprec ETF 0.67% 26,802 $5.5M Add +7.9%
FTLS First Trust Long/Short Eqty 0.57% 70,501 $4.7M Reduce -1.3%
SGOV iShares 0-3 Month Treasury B 0.57% 46,161 $4.6M Reduce -8.9%
AVGO Broadcom Inc. 0.56% 16,669 $4.6M Add +5.2%
IWD iShares Russell 1000 Value E 0.55% 23,364 $4.5M Reduce -9.1%
FICS FT International Dev Cap STR 0.55% 114,273 $4.5M Add +5.2%
SPYV SS SPDR P S&P 500 Value ETF 0.52% 81,252 $4.3M Reduce -1.1%
COWZ Pacer US Cash Cows 100 ETF 0.52% 76,939 $4.2M Add +17.1%
GLD SPDR Gold Shares 0.50% 13,556 $4.1M Reduce -0.9%
COST Costco Wholesale Corp. 0.47% 3,882 $3.8M Reduce -5.3%
IUSG iShares Core S&P U.S. Growth 0.46% 25,157 $3.8M Reduce -6.2%
JPM JPMorgan Chase & Co. 0.45% 12,654 $3.7M Reduce -1.9%
ACWI iShares MSCI Acwi ETF 0.44% 28,413 $3.7M Add +6.7%
SPMO Invesco S&P 500 Momentum ETF 0.44% 31,836 $3.6M Add +63572.0%
JPST JPMorgan Ultra-Short Income 0.43% 69,748 $3.5M Add +57.2%
PPA Invesco Aerospace & Defense 0.42% 24,626 $3.5M Add +5.2%
UCON First Trust Smith Unconstrai 0.41% 136,313 $3.4M Add +12.1%
SPMD SS SPDR P S&P 400 Midcap ETF 0.41% 62,306 $3.4M Reduce -9.3%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.40% 97,930 $3.3M Add +0.1%
FBND Fidelity Total Bond ETF 0.37% 66,057 $3.0M Add +36.9%
IWO iShares Russell 2000 Growth 0.36% 10,399 $3.0M Reduce -5.3%
IDV iShares International Select 0.35% 84,395 $2.9M Add +4521.9%
IJH iShares Core S&P Midcap ETF 0.35% 46,534 $2.9M Reduce -5.5%
BRK.B Berkshire Hathaway Inc. Class B 0.35% 5,842 $2.8M Add +2.8%
AVDE Avantis International Equity 0.34% 38,174 $2.8M Add +2.3%
FPX First Trust US Equity Opport 0.34% 19,380 $2.8M Reduce -7.9%
IJR iShares Core S&P Small-Cap E 0.34% 25,679 $2.8M Reduce -8.3%
USMV iShares MSCI USA Min Vol Fac 0.34% 29,657 $2.8M Add +56.7%
PLTR Palantir Technologies Inc. Class A 0.33% 20,100 $2.7M Add +2.6%
FTSM First Trust Enh Short Mat FD 0.33% 45,546 $2.7M Reduce -6.0%
V Visa Inc. Class A 0.33% 7,531 $2.7M Reduce -1.8%
SPSM SS SPDR P S&P 600 Small Cap 0.32% 62,193 $2.6M Add +2.4%
FMB First Trust Managed Municipa 0.31% 51,750 $2.6M Reduce -3.9%
IQDG Wisdomtree Intl QLTY DVD GRW 0.31% 63,610 $2.5M Add +33.4%
HD Home Depot Inc. 0.30% 6,775 $2.5M Add +18.6%
VOO Vanguard S&P 500 ETF 0.30% 4,338 $2.5M Reduce -0.8%
GBTG Global Business Travel Group 0.30% 388,155 $2.4M No change
FV First Trust DW Focus 5 Fund 0.30% 40,973 $2.4M Reduce -5.7%
IWY iShares Russell Top 200 Grow 0.29% 9,635 $2.4M New
RWL Invesco S&P 500 Revenue ETF 0.29% 22,733 $2.4M Add +38.8%
SKYY First Trust Cloud Computing 0.28% 19,148 $2.3M Add +3.9%
MDY State Street SPDR S&P Midcap 0.28% 4,076 $2.3M Reduce -35.5%
AGGY Wisdomtree Yield Enhanced US 0.28% 52,489 $2.3M Reduce -3.1%
FIXD First Trust Smith Opportunis 0.28% 51,751 $2.3M Reduce -3.9%
WCMI FT WCM International ETF 0.28% 142,041 $2.3M Add +40.5%
FPE FT-Preferred Secur & Inc. ETF 0.27% 123,355 $2.2M Add +0.8%
PSET Principal Quality ETF 0.26% 29,409 $2.2M Reduce -2.5%
XLK SS Technology Select Sector 0.24% 7,917 $2.0M Reduce -4.0%
GAB Gabelli Equity Trust 0.24% 339,861 $2.0M Reduce -34.5%
SPIB SS SPDR P Int C Corp. ETF 0.24% 57,722 $1.9M Add +4.3%
FCPI Fidelity Stocks for Infl ETF 0.23% 41,129 $1.9M New
MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E 0.23% 80,395 $1.9M Reduce -1.1%
FDVV Fidelity High Dividend ETF 0.23% 36,846 $1.9M New
XLF SS Financial Select Sector 0.23% 35,953 $1.9M Reduce -4.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.23% 4,253 $1.9M Add +3.3%
FSMD Fidelity Small-Mid Multifact 0.23% 44,974 $1.9M New
GOOG Alphabet Inc. Class C 0.23% 10,448 $1.9M Add +2.8%
PTF Invesco Dorsey Wright Tech 0.22% 26,771 $1.8M Add +15.0%
FTGS First Trust Grwth Strgth ETF 0.22% 52,337 $1.8M Reduce -0.1%
MINT PIMCO Enhanced Short Maturit 0.22% 17,677 $1.8M Add +1709.3%
NFLX Netflix Inc. 0.21% 1,290 $1.7M Add +14.3%
IVW iShares S&P 500 Growth ETF 0.21% 15,651 $1.7M Add +5.5%
IGRO iShares Intl Div Growth ETF 0.21% 21,663 $1.7M Add +7.1%
FEZ State Street SPDR Euro Stoxx 0.21% 28,472 $1.7M New
SPLV Invesco S&P 500 Low Volatili 0.20% 22,735 $1.7M Add +1113.8%
IWP iShares Russell Mid-Cap Grow 0.20% 11,938 $1.7M Reduce -0.5%
WMT Walmart Inc. 0.20% 16,664 $1.6M Reduce -1.9%
MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E 0.20% 68,767 $1.6M Reduce -2.3%
PANW Palo Alto Networks Inc. 0.19% 7,807 $1.6M Add +5.7%
EFV iShares MSCI Eafe Value ETF 0.19% 25,091 $1.6M Add +27.6%
FEX First Trust Large Cap Core A 0.19% 14,180 $1.6M Reduce -2.8%

Show all 1,565 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $127K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 91$107KNo change
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 156$19KNew
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 56$1KNo change

Total filed on the 13F, all lines: $821.8M.

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -0.4% 3.19% −1.05
SPAB SS SPDR P Agg Bond ETF Reduce -1.6% 1.57% −0.37
FTCS First Trust Capital Strength Reduce -3.1% 1.26% −0.31
WINN Harbor Long-Term Growers ETF Reduce -12.0% 1.81% −0.30
DGRW Wisdomtree U.S. Quality Divi Reduce -4.9% 1.22% −0.27
MDY State Street SPDR S&P Midcap Reduce -35.5% 0.28% −0.22
HUSV FT Horizon MNGD Vol Dom ETF Reduce -1.4% 0.88% −0.22
BX Blackstone Inc. Reduce -5.7% 1.00% −0.21
SGOV iShares 0-3 Month Treasury B Reduce -8.9% 0.57% −0.19
GAB Gabelli Equity Trust Reduce -34.5% 0.24% −0.18
IWD iShares Russell 1000 Value E Reduce -9.1% 0.55% −0.17
VNLA Janus Henderson Short Durati Reduce -0.6% 0.67% −0.15
VTI VG Morningstar TS MKT ETF-US Reduce -39.5% 0.16% −0.13
HTGC Hercules Capital Inc. Reduce -27.0% 0.17% −0.13
FTLS First Trust Long/Short Eqty Reduce -1.3% 0.57% −0.11
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -9.3% 0.41% −0.11
COST Costco Wholesale Corp. Reduce -5.3% 0.47% −0.11
SPYV SS SPDR P S&P 500 Value ETF Reduce -1.1% 0.52% −0.11
FTSM First Trust Enh Short Mat FD Reduce -6.0% 0.33% −0.10
FTHI Fthi/First Trust Exchange-TR Reduce -95.9% 0.00% −0.10
UNH Unitedhealth Group Inc. Reduce -45.5% 0.03% −0.09
IJR iShares Core S&P Small-Cap E Reduce -8.3% 0.34% −0.09
FMB First Trust Managed Municipa Reduce -3.9% 0.31% −0.09
GLD SPDR Gold Shares Reduce -0.9% 0.50% −0.08
SBUX Starbucks Corp. Reduce -54.8% 0.04% −0.08
IJH iShares Core S&P Midcap ETF Reduce -5.5% 0.35% −0.08
FIXD First Trust Smith Opportunis Reduce -3.9% 0.28% −0.07
V Visa Inc. Class A Reduce -1.8% 0.33% −0.07
AGGY Wisdomtree Yield Enhanced US Reduce -3.1% 0.28% −0.07
BND Vanguard Total Bond Market Reduce -89.9% 0.01% −0.07
VXUS Vanguard Total Intl Stock Reduce -92.0% 0.01% −0.07
CVX Chevron Corp. Reduce -1.1% 0.14% −0.06
DFAC Dimensional US Core Equity 2 Reduce -46.0% 0.06% −0.06
FV First Trust DW Focus 5 Fund Reduce -5.7% 0.30% −0.06
QYLD Global X Nasd 100 Cov Call Reduce -93.3% 0.00% −0.06
MMIT Nylim Mackay Muni Intermedia Reduce -1.1% 0.23% −0.06
XLV SS Health Care Select Sector Reduce -9.2% 0.12% −0.06
IWO iShares Russell 2000 Growth Reduce -5.3% 0.36% −0.06
ARCC Ares Capital Corp. Reduce -76.4% 0.01% −0.05
BSV Vanguard Short-Term Bond ETF Reduce -96.9% 0.00% −0.05
MMIN Nylim Mackay Muni Insured Et Reduce -2.3% 0.20% −0.05
XLF SS Financial Select Sector Reduce -4.9% 0.23% −0.05
VZ Verizon Communications Inc. Reduce -6.0% 0.14% −0.05
XOM Exxon Mobil Corp. Reduce -3.6% 0.12% −0.05
KNG FT Vest S&P 500 DVD Arst TRG Reduce -25.5% 0.07% −0.05
HTRB Hartford TTL RTRN BND ETF Reduce -2.3% 0.19% −0.05
IUSG iShares Core S&P U.S. Growth Reduce -6.2% 0.46% −0.05
MA Mastercard Inc. Class A Reduce -37.9% 0.05% −0.05
XLE SS Energy Select Sector Reduce -17.7% 0.07% −0.04
FXH First Trust Health Care Alph Reduce -2.1% 0.18% −0.04

Portfolio Buys Q1 2025 → Q2 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +260.5% 5.90% +4.09
NVDA Nvidia Corp. Add +20.3% 2.17% +0.66
SPMO Invesco S&P 500 Momentum ETF Add +63572.0% 0.44% +0.44
MSFT Microsoft Corp. Add +20.7% 1.61% +0.38
IDV iShares International Select Add +4521.9% 0.35% +0.35
META Meta Platforms Inc. Class A Add +71.3% 0.77% +0.34
MSTR Strategy Inc. Add +29.4% 1.00% +0.33
IWY iShares Russell Top 200 Grow New 0.29% +0.29
FCPI Fidelity Stocks for Infl ETF New 0.23% +0.23
FDVV Fidelity High Dividend ETF New 0.23% +0.23
FSMD Fidelity Small-Mid Multifact New 0.23% +0.23
RDVY First Trust Rising Dividend Add +29.8% 1.71% +0.21
FEZ State Street SPDR Euro Stoxx New 0.21% +0.21
MINT PIMCO Enhanced Short Maturit Add +1709.3% 0.22% +0.20
IVV iShares Core S&P 500 ETF Add +13.5% 7.44% +0.20
AMZN Amazon.com Inc. Add +15.7% 2.26% +0.19
SPLV Invesco S&P 500 Low Volatili Add +1113.8% 0.20% +0.18
TSLA Tesla Inc. Add +25.7% 0.86% +0.18
AVGO Broadcom Inc. Add +5.2% 0.56% +0.16
IOO iShares Global 100 ETF New 0.15% +0.15
GOOGL Alphabet Inc. Class A Add +19.3% 1.40% +0.14
QWLD State Street SPDR MSCI World New 0.14% +0.14
KORP American Century Diversified New 0.13% +0.13
JPST JPMorgan Ultra-Short Income Add +57.2% 0.43% +0.10
PULS Pgim Ultra Short Bond ETF Add +222.1% 0.15% +0.09
PLTR Palantir Technologies Inc. Class A Add +2.6% 0.33% +0.09
CEG Constellation Energy Add +52.4% 0.17% +0.09
WDC Western Digital Corp. Add +45150.0% 0.08% +0.08
FTCB FT Core Investment Grade ETF New 0.08% +0.08
USMV iShares MSCI USA Min Vol Fac Add +56.7% 0.34% +0.08
AIQ Global X Art Intel & Tech Add +1107.2% 0.08% +0.07
HYGH iShares Int Rate Hedg HY ETF New 0.07% +0.07
QGRO American Century US Quality Add +61.7% 0.19% +0.07
WCMI FT WCM International ETF Add +40.5% 0.28% +0.06
JAAA Janus Henderson Aaa Clo ETF Add +2458.1% 0.06% +0.06
AOR iShares Core 60/40 Balanced New 0.06% +0.06
IQDG Wisdomtree Intl QLTY DVD GRW Add +33.4% 0.31% +0.05
NFLX Netflix Inc. Add +14.3% 0.21% +0.05
FSIG FT Ltd. Duration Inv Grade New 0.05% +0.05
TSM Taiwan Semiconductor-SP ADR Add +69.4% 0.11% +0.05
RWL Invesco S&P 500 Revenue ETF Add +38.8% 0.29% +0.05
CRWD CrowdStrike Holdings Inc. Class A Add +122.5% 0.07% +0.04
FBND Fidelity Total Bond ETF Add +36.9% 0.37% +0.04
USFR Wisdomtree Floating Rate Tre Add +27.6% 0.93% +0.04
VRT Vertiv Holdings Co. Class A Add +5.4% 0.09% +0.03
IVE iShares S&P 500 Value ETF Add +69.4% 0.10% +0.03
IEMG iShares Core MSCI Emerging Add +81.2% 0.07% +0.03
GEV GE Vernova Inc. Add +3.9% 0.08% +0.03
AIRR First Trust Rba American Ind Add +861.0% 0.03% +0.03
LCTU iShares U.S. Carbon Transiti Add +654.0% 0.03% +0.03

Notes & Other Activity Q1 2025 → Q2 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF New 156 $19K
GCBC Greene County Bancorp Inc. COM Reduce -100.0% 0 $0

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,613$1.1BIVV, SPY, AAPL, DYNF, AGG
Q1 2026 1,601$914.7MIVV, SPY, AAPL, AGG, FVD
Q4 2025 1,673$946.7MIVV, SPY, AAPL, AGG, NVDA
Q3 2025 1,657$906.0MIVV, SPY, AAPL, AGG, NVDA
Q2 2025 1,565$821.7MIVV, SPY, AAPL, AGG, FVD
Q1 2025Amended 1,586$672.9MIVV, AAPL, AGG, FVD, QQQ
Q4 2024 1,511$667.3MIVV, AAPL, AGG, FVD, QQQ