Golden State Wealth Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Golden State Wealth Management, LLC reported 1,657 stock positions worth $906.0 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.2% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 5.9%) and Apple (AAPL, 3.6%). Compared with Q2 2025, it opened 134 new positions, sold out of 38, added to 458 and reduced 344. The biggest buy was American Century US Quality (QGRO, shares +809%) and the biggest sale First Trust Value Line DVD (FVD, shares −7%).

Most Recent 13F
Q2 2026
Location
SANTA ANA, CA
CIK
0001776033
Portfolio Value
$906.0M (Q3 2025)
SEC Filing
0001776033-25-000009 ↗ filed Nov 3, 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 Q2 2025 Q3 2025: $906.0M $906.0M Q3 2025 Q4 2025: $946.7M Q4 2025 Q1 2026: $914.7M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 1,657 stocks · $906.0M
IVV iShares Core S&P 500 ETF 7.24% 97,984 $65.6M Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 5.90% 80,221 $53.4M Add +2.2%
AAPL Apple Inc. 3.60% 128,052 $32.6M Add +0.1%
AGG iShares Core U.S. Aggregate 2.87% 259,456 $26.0M Add +1.1%
NVDA Nvidia Corp. 2.52% 122,376 $22.8M Add +8.3%
FVD First Trust Value Line DVD 2.28% 446,396 $20.6M Reduce -6.5%
QQQ Invesco QQQ Trust Series 1 2.21% 33,282 $20.0M Reduce -1.6%
AMZN Amazon.com Inc. 2.13% 87,764 $19.3M Add +3.7%
GOOGL Alphabet Inc. Class A 1.75% 65,408 $15.9M Add +0.0%
WINN Harbor Long-Term Growers ETF 1.68% 488,425 $15.2M Reduce -4.3%
QGRO American Century US Quality 1.62% 128,086 $14.7M Add +809.3%
MSFT Microsoft Corp. 1.57% 27,546 $14.3M Add +3.7%
USMC Principal US Mega-Cap ETF 1.49% 198,376 $13.5M Add +1.4%
SPAB SS SPDR P Agg Bond ETF 1.44% 504,436 $13.0M Add +0.1%
RDVY First Trust Rising Dividend 1.44% 193,359 $13.0M Reduce -13.9%
SDVY First Trust Smid Cap Rising 1.28% 305,271 $11.6M Add +0.7%
DGRW Wisdomtree U.S. Quality Divi 1.17% 119,281 $10.6M Reduce -0.7%
FTCS First Trust Capital Strength 1.14% 110,235 $10.3M Reduce -3.4%
BBUS JPMorgan Betabuilders US Equ 1.11% 83,445 $10.1M Add +3495.2%
TSLA Tesla Inc. 1.08% 22,010 $9.8M Reduce -0.6%
SPYM Ste STR SPDR PT S&P 500 ETF 0.97% 112,762 $8.8M Reduce -2.0%
BUFR FT Vest Lad Buffervetf-Usd I 0.97% 263,820 $8.8M Add +11.4%
BX Blackstone Inc. 0.95% 50,461 $8.6M Reduce -7.9%
MSTR Strategy Inc. 0.87% 24,422 $7.9M Add +19.7%
SPYG SS SPDR P S&P 500 Growth ETF 0.83% 71,562 $7.5M Add +7.8%
QUAL iShares MSCI USA Quality Fac 0.79% 36,596 $7.1M Add +0.8%
HUSV FT Horizon MNGD Vol Dom ETF 0.78% 176,617 $7.0M Reduce -2.7%
META Meta Platforms Inc. Class A 0.71% 8,739 $6.4M Add +1.7%
USFR Wisdomtree Floating Rate Tre 0.66% 118,364 $6.0M Reduce -22.3%
VIG Vanguard Dividend Apprec ETF 0.64% 26,822 $5.8M Add +0.1%
JQUA JPMorgan US Quality Factor 0.63% 91,416 $5.8M Reduce -2.3%
AVGO Broadcom Inc. 0.62% 16,982 $5.6M Add +1.9%
VNLA Janus Henderson Short Durati 0.59% 109,349 $5.4M Reduce -1.9%
FTLS First Trust Long/Short Eqty 0.58% 75,672 $5.3M Add +7.3%
GLD SPDR Gold Shares 0.53% 13,435 $4.8M Reduce -0.9%
SPMO Invesco S&P 500 Momentum ETF 0.52% 38,765 $4.7M Add +21.8%
SPYV SS SPDR P S&P 500 Value ETF 0.51% 83,449 $4.6M Add +2.7%
SGOV iShares 0-3 Month Treasury B 0.50% 44,765 $4.5M Reduce -3.0%
IWD iShares Russell 1000 Value E 0.48% 21,493 $4.4M Reduce -8.0%
VOO Vanguard S&P 500 ETF 0.47% 6,976 $4.3M Add +60.8%
FICS FT International Dev Cap STR 0.46% 109,519 $4.2M Reduce -4.2%
UCON First Trust Smith Unconstrai 0.46% 163,743 $4.1M Add +20.1%
JPM JPMorgan Chase & Co. 0.45% 12,846 $4.1M Add +1.5%
IUSG iShares Core S&P U.S. Growth 0.44% 24,214 $4.0M Reduce -3.8%
ACWI iShares MSCI Acwi ETF 0.43% 28,278 $3.9M Reduce -0.5%
PPA Invesco Aerospace & Defense 0.42% 24,684 $3.8M Add +0.2%
COWZ Pacer US Cash Cows 100 ETF 0.41% 65,215 $3.7M Reduce -15.2%
PLTR Palantir Technologies Inc. Class A 0.40% 20,100 $3.7M No change
IWY iShares Russell Top 200 Grow 0.40% 13,234 $3.6M Add +37.4%
SPMD SS SPDR P S&P 400 Midcap ETF 0.38% 60,225 $3.4M Reduce -3.3%
COST Costco Wholesale Corp. 0.38% 3,720 $3.4M Reduce -4.2%
IDV iShares International Select 0.37% 91,711 $3.4M Add +8.7%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.35% 92,230 $3.2M Reduce -5.8%
IWO iShares Russell 2000 Growth 0.35% 10,035 $3.2M Reduce -3.5%
SPSM SS SPDR P S&P 600 Small Cap 0.35% 69,044 $3.2M Add +11.0%
FPX First Trust US Equity Opport 0.34% 18,783 $3.1M Reduce -3.1%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 6,024 $3.0M Add +3.1%
IJR iShares Core S&P Small-Cap E 0.33% 25,088 $3.0M Reduce -2.3%
FBND Fidelity Total Bond ETF 0.32% 63,346 $2.9M Reduce -4.1%
IJH iShares Core S&P Midcap ETF 0.32% 44,753 $2.9M Reduce -3.8%
USMV iShares MSCI USA Min Vol Fac 0.31% 29,542 $2.8M Reduce -0.4%
AVDE Avantis International Equity 0.31% 35,032 $2.8M Reduce -8.2%
GOOG Alphabet Inc. Class C 0.30% 11,207 $2.7M Add +7.3%
HD Home Depot Inc. 0.30% 6,679 $2.7M Reduce -1.4%
FMB First Trust Managed Municipa 0.29% 51,323 $2.6M Reduce -0.8%
IQDG Wisdomtree Intl QLTY DVD GRW 0.29% 65,126 $2.6M Add +2.4%
V Visa Inc. Class A 0.29% 7,594 $2.6M Add +0.8%
SKYY First Trust Cloud Computing 0.28% 18,777 $2.5M Reduce -1.9%
WCMI FT WCM International ETF 0.27% 145,463 $2.5M Add +2.4%
FTSM First Trust Enh Short Mat FD 0.27% 40,818 $2.4M Reduce -10.4%
FV First Trust DW Focus 5 Fund 0.27% 39,365 $2.4M Reduce -3.9%
FPE FT-Preferred Secur & Inc. ETF 0.27% 133,467 $2.4M Add +8.2%
RWL Invesco S&P 500 Revenue ETF 0.27% 21,809 $2.4M Reduce -4.1%
AGGY Wisdomtree Yield Enhanced US 0.26% 53,713 $2.4M Add +2.3%
LMBS First Trust Low Duration Opp 0.26% 47,315 $2.4M Add +1320.9%
FSMD Fidelity Small-Mid Multifact 0.25% 52,411 $2.3M Add +16.5%
JPST JPMorgan Ultra-Short Income 0.25% 45,210 $2.3M Reduce -35.2%
PYLD PIMCO Multisector Bond Actv 0.25% 83,229 $2.2M Add +267.6%
FTEC Fidelity MSCI Info Tech Indx 0.24% 9,891 $2.2M Add +981.0%
XLK SS Technology Select Sector 0.24% 7,666 $2.2M Reduce -3.2%
PSET Principal Quality ETF 0.24% 28,111 $2.1M Reduce -4.4%
FCPI Fidelity Stocks for Infl ETF 0.23% 41,168 $2.1M Add +0.1%
SPIB SS SPDR P Int C Corp. ETF 0.23% 60,747 $2.1M Add +5.2%
CEG Constellation Energy 0.23% 6,251 $2.1M Add +41.0%
FTGS First Trust Grwth Strgth ETF 0.23% 57,111 $2.1M Add +9.1%
IVW iShares S&P 500 Growth ETF 0.22% 16,489 $2.0M Add +5.3%
FDVV Fidelity High Dividend ETF 0.22% 35,597 $2.0M Reduce -3.4%
PTF Invesco Dorsey Wright Tech 0.22% 26,280 $2.0M Reduce -1.8%
WMT Walmart Inc. 0.22% 18,937 $2.0M Add +13.6%
XLF SS Financial Select Sector 0.21% 36,092 $1.9M Add +0.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.21% 4,173 $1.9M Reduce -1.9%
MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E 0.21% 78,163 $1.9M Reduce -2.8%
IGRO iShares Intl Div Growth ETF 0.21% 23,754 $1.9M Add +9.7%
MDY State Street SPDR S&P Midcap 0.21% 3,165 $1.9M Reduce -22.4%
GAB Gabelli Equity Trust 0.19% 286,510 $1.7M Reduce -15.7%
EFV iShares MSCI Eafe Value ETF 0.19% 25,533 $1.7M Add +1.8%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.19% 29,156 $1.7M Add +3.8%
IWP iShares Russell Mid-Cap Grow 0.19% 11,938 $1.7M No change
JMUB JPMorgan Municipal ETF 0.18% 31,881 $1.6M Add +3.3%
MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E 0.18% 67,081 $1.6M Reduce -2.5%

Show all 1,657 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $139K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 91$112KNo change
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 267$24KAdd +71.2%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 56$1KNo change
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 4,825$378Add +0.9%

Total filed on the 13F, all lines: $906.2M.

Portfolio Sells Q2 2025 → Q3 2025
FVD First Trust Value Line DVD Reduce -6.5% 2.28% −0.32
GBTG Global Business Travel Group Sold out 0.00% −0.30
RDVY First Trust Rising Dividend Reduce -13.9% 1.44% −0.28
USFR Wisdomtree Floating Rate Tre Reduce -22.3% 0.66% −0.28
IVV iShares Core S&P 500 ETF Reduce -0.5% 7.24% −0.20
FIXD First Trust Smith Opportunis Reduce -65.1% 0.09% −0.19
JPST JPMorgan Ultra-Short Income Reduce -35.2% 0.25% −0.18
FSK FS KKR Capital Corp. Reduce -81.7% 0.02% −0.13
WINN Harbor Long-Term Growers ETF Reduce -4.3% 1.68% −0.13
FEZ State Street SPDR Euro Stoxx Reduce -59.0% 0.08% −0.13
FTCS First Trust Capital Strength Reduce -3.4% 1.14% −0.12
HUSV FT Horizon MNGD Vol Dom ETF Reduce -2.7% 0.78% −0.11
COWZ Pacer US Cash Cows 100 ETF Reduce -15.2% 0.41% −0.10
COST Costco Wholesale Corp. Reduce -4.2% 0.38% −0.09
FICS FT International Dev Cap STR Reduce -4.2% 0.46% −0.09
VNLA Janus Henderson Short Durati Reduce -1.9% 0.59% −0.07
MDY State Street SPDR S&P Midcap Reduce -22.4% 0.21% −0.07
IWD iShares Russell 1000 Value E Reduce -8.0% 0.48% −0.07
SGOV iShares 0-3 Month Treasury B Reduce -3.0% 0.50% −0.07
QQQ Invesco QQQ Trust Series 1 Reduce -1.6% 2.21% −0.07
FTSM First Trust Enh Short Mat FD Reduce -10.4% 0.27% −0.06
QWLD State Street SPDR MSCI World Reduce -39.6% 0.08% −0.06
IOO iShares Global 100 ETF Reduce -42.4% 0.08% −0.06
MINT PIMCO Enhanced Short Maturit Reduce -20.7% 0.16% −0.06
SPLV Invesco S&P 500 Low Volatili Reduce -22.3% 0.14% −0.06
NOW ServiceNow Inc. Reduce -88.3% 0.01% −0.06
PULS Pgim Ultra Short Bond ETF Reduce -31.2% 0.09% −0.06
GAL SS Global Allocation ETF Reduce -31.1% 0.10% −0.05
DGRW Wisdomtree U.S. Quality Divi Reduce -0.7% 1.17% −0.05
JQUA JPMorgan US Quality Factor Reduce -2.3% 0.63% −0.05
GAB Gabelli Equity Trust Reduce -15.7% 0.19% −0.05
SBLK Star Bulk Carriers Corp. Reduce -89.3% 0.01% −0.05
BX Blackstone Inc. Reduce -7.9% 0.95% −0.05
NFLX Netflix Inc. Reduce -3.1% 0.17% −0.04
FBND Fidelity Total Bond ETF Reduce -4.1% 0.32% −0.04
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -2.0% 0.97% −0.04
BUFQ FT VST Lad NSDQ Buf ETF-Usdi Reduce -5.8% 0.35% −0.04
EFG iShares MSCI Eafe Growth ETF Reduce -26.4% 0.08% −0.04
AVDE Avantis International Equity Reduce -8.2% 0.31% −0.04
JAAA Janus Henderson Aaa Clo ETF Reduce -47.0% 0.03% −0.03
PTLC Pacer Trendpilot US Large Ca Reduce -61.8% 0.02% −0.03
HTGC Hercules Capital Inc. Reduce -14.5% 0.13% −0.03
ISRG Intuitive Surgical Inc. Reduce -6.8% 0.08% −0.03
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -3.3% 0.38% −0.03
KORP American Century Diversified Reduce -17.5% 0.10% −0.03
CRM Salesforce Inc. Reduce -35.8% 0.03% −0.03
IJH iShares Core S&P Midcap ETF Reduce -3.8% 0.32% −0.03
USMV iShares MSCI USA Min Vol Fac Reduce -0.4% 0.31% −0.03
PFE Pfizer Inc. Reduce -32.9% 0.05% −0.03
PSET Principal Quality ETF Reduce -4.4% 0.24% −0.03

Portfolio Buys Q2 2025 → Q3 2025
QGRO American Century US Quality Add +809.3% 1.62% +1.43
BBUS JPMorgan Betabuilders US Equ Add +3495.2% 1.11% +1.08
AAPL Apple Inc. Add +0.1% 3.60% +0.40
GOOGL Alphabet Inc. Class A Add +0.0% 1.75% +0.35
NVDA Nvidia Corp. Add +8.3% 2.52% +0.35
LMBS First Trust Low Duration Opp Add +1320.9% 0.26% +0.24
FTEC Fidelity MSCI Info Tech Indx Add +981.0% 0.24% +0.22
PYLD PIMCO Multisector Bond Actv Add +267.6% 0.25% +0.17
VOO Vanguard S&P 500 ETF Add +60.8% 0.47% +0.17
IWY iShares Russell Top 200 Grow Add +37.4% 0.40% +0.11
TIC Tic Solutions Inc. New 0.09% +0.09
SPMO Invesco S&P 500 Momentum ETF Add +21.8% 0.52% +0.08
GOOG Alphabet Inc. Class C Add +7.3% 0.30% +0.08
AVGO Broadcom Inc. Add +1.9% 0.62% +0.06
BUFR FT Vest Lad Buffervetf-Usd I Add +11.4% 0.97% +0.06
SPYG SS SPDR P S&P 500 Growth ETF Add +7.8% 0.83% +0.06
CEG Constellation Energy Add +41.0% 0.23% +0.05
FCAL First Trust California Munic Add +138.8% 0.09% +0.05
UCON First Trust Smith Unconstrai Add +20.1% 0.46% +0.04
GEV GE Vernova Inc. Add +33.8% 0.12% +0.03
BAI Ishrs AI in and Tech Act ETF Add +227.1% 0.04% +0.03
SPSM SS SPDR P S&P 600 Small Cap Add +11.0% 0.35% +0.03
VXUS Vanguard Total Intl Stock Add +608.9% 0.04% +0.03
BDX Becton Dickinson and Co. Add +1920.5% 0.03% +0.03
FSMD Fidelity Small-Mid Multifact Add +16.5% 0.25% +0.03
MUST Columbia Multi-Sect Muni Inc. New 0.03% +0.03
COLB Columbia Banking System Inc. New 0.03% +0.03
ORCL Oracle Corp. Add +17.4% 0.09% +0.03
VDC Vanguard Consumer Staple ETF Add +1572.1% 0.03% +0.03
BMNR Bitmine Immersion Technologi New 0.02% +0.02
TSM Taiwan Semiconductor-SP ADR Add +8.8% 0.13% +0.02
AVAV Aerovironment Inc. New 0.02% +0.02
JIRE JPMorgan Int Res Enh Eqty Add +43.4% 0.09% +0.02
RODM Hartford Multifact Dev MRKT Add +216.3% 0.03% +0.02
UNH Unitedhealth Group Inc. Add +61.6% 0.06% +0.02
JNJ Johnson & Johnson Add +9.4% 0.10% +0.02
WMT Walmart Inc. Add +13.6% 0.22% +0.02
NTSX Wisdomtree US Efficient Core Add +14.6% 0.16% +0.02
LRCX Lam Research Corp. Add +30.2% 0.04% +0.02
BABA Alibaba Group Holding-SP ADR Add +112.0% 0.02% +0.02
CVX Chevron Corp. Add +13.6% 0.15% +0.02
AOR iShares Core 60/40 Balanced Add +32.9% 0.08% +0.02
FTLS First Trust Long/Short Eqty Add +7.3% 0.58% +0.02
IDV iShares International Select Add +8.7% 0.37% +0.02
BIL SS SPDR BB 1-3M T-Bill ETF Add +43.0% 0.07% +0.02
SHY iShares 1-3 Year Treasury Bo Add +83.3% 0.04% +0.02
SPDW Ste STR SPDR PT DW Eu ETF Add +17.7% 0.13% +0.01
SCHD Schwab US DVD Equity ETF Add +35.8% 0.07% +0.01
SRE Sempra Add +56.6% 0.03% +0.01
BA The Boeing Co. Add +19.0% 0.14% +0.01

Notes & Other Activity Q2 2025 → Q3 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF Add +71.2% 267 $24K
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 Add +0.9% 4,825 $378
OMFL Invesco Russell 1000 DYN M/F RUSL 1000 DYNM Reduce -100.0% 0 $0
AVEM Avantis Emerging Markets Eq AVANTIS EMGMKT Reduce -100.0% 0 $0
CC The Chemours Co. COM Reduce -100.0% 0 $0
IBTL iShares Ibonds Dec 2031 Term IBONDS DEC 2031 Reduce -100.0% 0 $0
ROBO Robo Global Robotics and Aut ROBO GLB ETF New 0 $0
GCBC Greene County Bancorp Inc. COM Sold out 0 $0before exit
PBE Invesco Biotechnology & Geno BIOTECHNOLOGY New 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