Golden State Wealth Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Golden State Wealth Management, LLC reported 1,673 stock positions worth $946.7 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, 5.7%) and Apple (AAPL, 3.6%). Compared with Q3 2025, it opened 104 new positions, sold out of 91, added to 505 and reduced 376. The biggest buy was a new position in AB California Inter Muni ETF (CAM) and the biggest sale Strategy (MSTR, shares −1%).

Most Recent 13F
Q2 2026
Location
SANTA ANA, CA
CIK
0001776033
Portfolio Value
$946.7M (Q4 2025)
SEC Filing
0001776033-26-000001 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $946.7M $946.7M Q4 2025 Q1 2026: $914.7M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 1,673 stocks · $946.7M
IVV iShares Core S&P 500 ETF 7.22% 99,831 $68.4M Add +1.9%
SPY SS SPDR S&P 500 ETF Trust-US 5.67% 78,690 $53.7M Reduce -1.9%
AAPL Apple Inc. 3.61% 125,607 $34.1M Reduce -1.9%
AGG iShares Core U.S. Aggregate 2.78% 263,367 $26.3M Add +1.5%
NVDA Nvidia Corp. 2.42% 122,938 $22.9M Add +0.5%
FVD First Trust Value Line DVD 2.28% 469,031 $21.6M Add +5.1%
QQQ Invesco QQQ Trust Series 1 2.16% 33,327 $20.5M Add +0.1%
AMZN Amazon.com Inc. 2.16% 88,416 $20.4M Add +0.7%
GOOGL Alphabet Inc. Class A 2.14% 64,680 $20.2M Reduce -1.1%
WINN Harbor Long-Term Growers ETF 1.72% 523,243 $16.3M Add +7.1%
QGRO American Century US Quality 1.60% 132,252 $15.1M Add +3.3%
USMC Principal US Mega-Cap ETF 1.50% 207,963 $14.2M Add +4.8%
RDVY First Trust Rising Dividend 1.45% 197,880 $13.7M Add +2.3%
MSFT Microsoft Corp. 1.39% 27,116 $13.1M Reduce -1.6%
SPAB SS SPDR P Agg Bond ETF 1.37% 504,992 $13.0M Add +0.1%
SDVY First Trust Smid Cap Rising 1.19% 293,154 $11.2M Reduce -4.0%
DGRW Wisdomtree U.S. Quality Divi 1.16% 123,047 $11.0M Add +3.2%
BBUS JPMorgan Betabuilders US Equ 1.12% 86,204 $10.6M Add +3.3%
FTCS First Trust Capital Strength 1.05% 107,690 $10.0M Reduce -2.3%
TSLA Tesla Inc. 1.01% 21,293 $9.6M Reduce -3.3%
SPYM Ste STR SPDR PT S&P 500 ETF 0.99% 116,592 $9.4M Add +3.4%
BUFR FT Vest Lad Buffervetf-Usd I 0.95% 262,705 $9.0M Reduce -0.4%
SPYG SS SPDR P S&P 500 Growth ETF 0.84% 74,167 $7.9M Add +3.6%
BX Blackstone Inc. 0.83% 50,708 $7.8M Add +0.5%
QUAL iShares MSCI USA Quality Fac 0.77% 36,703 $7.3M Add +0.3%
HUSV FT Horizon MNGD Vol Dom ETF 0.74% 179,983 $7.0M Add +1.9%
CAM AB California Inter Muni ETF filed as AB ACTIVE ETFS INC 0.68% 257,474 $6.5M New
AVGO Broadcom Inc. 0.67% 18,304 $6.3M Add +7.8%
META Meta Platforms Inc. Class A 0.63% 9,062 $6.0M Add +3.7%
JQUA JPMorgan US Quality Factor 0.63% 94,018 $5.9M Add +2.9%
VIG Vanguard Dividend Apprec ETF 0.63% 26,924 $5.9M Add +0.4%
RTX RTX Corp. 0.59% 30,467 $5.6M Add +436.3%
VNLA Janus Henderson Short Durati 0.59% 113,697 $5.6M Add +4.0%
USFR Wisdomtree Floating Rate Tre 0.56% 105,899 $5.3M Reduce -10.5%
GLD SPDR Gold Shares 0.54% 12,990 $5.1M Reduce -3.3%
SPYV SS SPDR P S&P 500 Value ETF 0.54% 89,552 $5.1M Add +7.3%
UCON First Trust Smith Unconstrai 0.52% 195,273 $4.9M Add +19.3%
SGOV iShares 0-3 Month Treasury B 0.50% 47,260 $4.7M Add +5.6%
FTLS First Trust Long/Short Eqty 0.48% 63,839 $4.5M Reduce -15.6%
FICS FT International Dev Cap STR 0.47% 110,525 $4.4M Add +0.9%
SPMO Invesco S&P 500 Momentum ETF 0.47% 36,927 $4.4M Reduce -4.7%
JPM JPMorgan Chase & Co. 0.44% 12,928 $4.2M Add +0.6%
VOO Vanguard S&P 500 ETF 0.43% 6,561 $4.1M Reduce -6.0%
PLTR Palantir Technologies Inc. Class A 0.43% 22,841 $4.1M Add +13.6%
ACWI iShares MSCI Acwi ETF 0.43% 28,468 $4.0M Add +0.7%
IUSG iShares Core S&P U.S. Growth 0.42% 23,783 $4.0M Reduce -1.8%
IWD iShares Russell 1000 Value E 0.42% 18,688 $3.9M Reduce -13.1%
IDV iShares International Select 0.41% 98,000 $3.9M Add +6.9%
GOOG Alphabet Inc. Class C 0.40% 12,192 $3.8M Add +8.8%
PPA Invesco Aerospace & Defense 0.40% 24,339 $3.8M Reduce -1.4%
COWZ Pacer US Cash Cows 100 ETF 0.39% 61,819 $3.7M Reduce -5.2%
MSTR Strategy Inc. 0.39% 24,060 $3.7M Reduce -1.5%
BRK.B Berkshire Hathaway Inc. Class B 0.38% 7,246 $3.6M Add +20.3%
IWY iShares Russell Top 200 Grow 0.37% 12,758 $3.5M Reduce -3.6%
SPSM SS SPDR P S&P 600 Small Cap 0.37% 74,745 $3.5M Add +8.3%
SPMD SS SPDR P S&P 400 Midcap ETF 0.36% 58,936 $3.4M Reduce -2.1%
COST Costco Wholesale Corp. 0.35% 3,824 $3.3M Add +2.8%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.34% 90,880 $3.3M Reduce -1.5%
FPE FT-Preferred Secur & Inc. ETF 0.34% 177,962 $3.2M Add +33.3%
IWO iShares Russell 2000 Growth 0.34% 9,856 $3.2M Reduce -1.8%
IJH iShares Core S&P Midcap ETF 0.33% 47,331 $3.1M Add +5.8%
FPX First Trust US Equity Opport 0.32% 18,438 $3.0M Reduce -1.8%
IJR iShares Core S&P Small-Cap E 0.31% 24,774 $3.0M Reduce -1.3%
AVDE Avantis International Equity 0.31% 35,914 $3.0M Add +2.5%
FBND Fidelity Total Bond ETF 0.31% 63,384 $2.9M Add +0.1%
FTSM First Trust Enh Short Mat FD 0.30% 47,471 $2.8M Add +16.3%
IQDG Wisdomtree Intl QLTY DVD GRW 0.29% 66,653 $2.8M Add +2.3%
JPST JPMorgan Ultra-Short Income 0.29% 54,537 $2.8M Add +20.6%
USMV iShares MSCI USA Min Vol Fac 0.28% 28,654 $2.7M Reduce -3.0%
V Visa Inc. Class A 0.28% 7,526 $2.6M Reduce -0.9%
FMB First Trust Managed Municipa 0.28% 51,343 $2.6M Add +0.0%
SKYY First Trust Cloud Computing 0.27% 19,623 $2.6M Add +4.5%
WCMI FT WCM International ETF 0.26% 146,952 $2.5M Add +1.0%
CEG Constellation Energy 0.26% 6,896 $2.4M Add +10.3%
HD Home Depot Inc. 0.26% 7,053 $2.4M Add +5.6%
LMBS First Trust Low Duration Opp 0.26% 48,533 $2.4M Add +2.6%
FV First Trust DW Focus 5 Fund 0.25% 37,939 $2.4M Reduce -3.6%
AGGY Wisdomtree Yield Enhanced US 0.25% 53,752 $2.4M Add +0.1%
FTEC Fidelity MSCI Info Tech Indx 0.24% 10,310 $2.3M Add +4.2%
IVW iShares S&P 500 Growth ETF 0.24% 18,645 $2.3M Add +13.1%
PYLD PIMCO Multisector Bond Actv 0.24% 85,917 $2.3M Add +3.2%
FSMD Fidelity Small-Mid Multifact 0.24% 50,995 $2.3M Reduce -2.7%
WMT Walmart Inc. 0.23% 19,862 $2.2M Add +4.9%
IGRO iShares Intl Div Growth ETF 0.23% 26,561 $2.2M Add +11.8%
FTGS First Trust Grwth Strgth ETF 0.23% 61,570 $2.2M Add +7.8%
SPIB SS SPDR P Int C Corp. ETF 0.23% 63,986 $2.2M Add +5.3%
XLK SS Technology Select Sector 0.23% 14,898 $2.1M Reduce -2.8%
PSET Principal Quality ETF 0.22% 27,850 $2.1M Reduce -0.9%
RWL Invesco S&P 500 Revenue ETF 0.22% 18,416 $2.1M Reduce -15.6%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.22% 34,099 $2.1M Add +16.9%
EFV iShares MSCI Eafe Value ETF 0.22% 28,512 $2.0M Add +11.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.21% 4,199 $2.0M Add +0.6%
FCPI Fidelity Stocks for Infl ETF 0.21% 39,696 $2.0M Reduce -3.6%
XLF SS Financial Select Sector 0.21% 35,521 $1.9M Reduce -1.6%
AMD Advanced Micro Devices 0.20% 9,010 $1.9M Add +7.0%
MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E 0.20% 79,208 $1.9M Add +1.3%
FDVV Fidelity High Dividend ETF 0.20% 33,605 $1.9M Reduce -5.6%
FDL First Trust Morn DVD Lead Inc. 0.19% 41,328 $1.8M Add +13.7%
CAT Caterpillar Inc. 0.19% 3,075 $1.8M Reduce -1.9%
GAB Gabelli Equity Trust 0.18% 280,194 $1.7M Reduce -2.2%

Show all 1,673 holdings

Other holdings (7): bonds, preferreds, convertibles and warrants · $131K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 91$110KNo change
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 243$19KReduce -9.0%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 62$1KAdd +10.7%
GME.WS Gamestop Corp. *W EXP 10/30/202 38$114No change
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 10$9No change
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 10$5New
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 10$4New

Total filed on the 13F, all lines: $946.8M.

Portfolio Sells Q3 2025 → Q4 2025
MSTR Strategy Inc. Reduce -1.5% 0.39% −0.48
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.9% 5.67% −0.23
MSFT Microsoft Corp. Reduce -1.6% 1.39% −0.19
PTF Invesco Dorsey Wright Tech Reduce -74.8% 0.05% −0.16
WDC Western Digital Corp. Reduce -88.6% 0.02% −0.12
FTLS First Trust Long/Short Eqty Reduce -15.6% 0.48% −0.11
SDVY First Trust Smid Cap Rising Reduce -4.0% 1.19% −0.09
USFR Wisdomtree Floating Rate Tre Reduce -10.5% 0.56% −0.09
FTCS First Trust Capital Strength Reduce -2.3% 1.05% −0.09
MINT PIMCO Enhanced Short Maturit Reduce -43.5% 0.08% −0.07
TSLA Tesla Inc. Reduce -3.3% 1.01% −0.07
IWD iShares Russell 1000 Value E Reduce -13.1% 0.42% −0.07
MDY State Street SPDR S&P Midcap Reduce -23.8% 0.15% −0.05
SPMO Invesco S&P 500 Momentum ETF Reduce -4.7% 0.47% −0.05
RWL Invesco S&P 500 Revenue ETF Reduce -15.6% 0.22% −0.04
CNQ Canadian Natural Resources Reduce -99.8% 0.00% −0.04
VOO Vanguard S&P 500 ETF Reduce -6.0% 0.43% −0.04
ORCL Oracle Corp. Reduce -6.0% 0.06% −0.04
HYLS FT Tactical High Yield ETF Reduce -29.9% 0.06% −0.03
MUST Columbia Multi-Sect Muni Inc. Sold out 0.00% −0.03
IWY iShares Russell Top 200 Grow Reduce -3.6% 0.37% −0.03
FPX First Trust US Equity Opport Reduce -1.8% 0.32% −0.03
USMV iShares MSCI USA Min Vol Fac Reduce -3.0% 0.28% −0.03
SPGM State Street SPDR Portfolio Sold out 0.00% −0.02
DELL Dell Technologies -C Reduce -16.5% 0.06% −0.02
VZ Verizon Communications Inc. Reduce -8.0% 0.10% −0.02
BUFR FT Vest Lad Buffervetf-Usd I Reduce -0.4% 0.95% −0.02
PPA Invesco Aerospace & Defense Reduce -1.4% 0.40% −0.02
COWZ Pacer US Cash Cows 100 ETF Reduce -5.2% 0.39% −0.02
IWF iShares Russell 1000 Growth Reduce -11.4% 0.12% −0.02
FCPI Fidelity Stocks for Infl ETF Reduce -3.6% 0.21% −0.02
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -2.1% 0.36% −0.02
SPLV Invesco S&P 500 Low Volatili Reduce -7.1% 0.12% −0.02
DSL Doubleline Income Solutions Reduce -27.2% 0.03% −0.02
PG The Procter & Gamble Co. Reduce -8.3% 0.08% −0.02
FEX First Trust Large Cap Core A Reduce -8.2% 0.15% −0.02
IWO iShares Russell 2000 Growth Reduce -1.8% 0.34% −0.02
IUSG iShares Core S&P U.S. Growth Reduce -1.8% 0.42% −0.02
FDVV Fidelity High Dividend ETF Reduce -5.6% 0.20% −0.02
TSM Taiwan Semiconductor-SP ADR Reduce -17.0% 0.11% −0.02
PULS Pgim Ultra Short Bond ETF Reduce -14.3% 0.08% −0.02
FSMD Fidelity Small-Mid Multifact Reduce -2.7% 0.24% −0.02
FV First Trust DW Focus 5 Fund Reduce -3.6% 0.25% −0.02
XMVM Invesco S&P Midcap Value Wit Reduce -28.9% 0.04% −0.02
IWP iShares Russell Mid-Cap Grow Reduce -0.2% 0.17% −0.02
BABA Alibaba Group Holding-SP ADR Reduce -53.2% 0.01% −0.02
KORP American Century Diversified Reduce -10.9% 0.08% −0.02
CLF Cleveland-Cliffs Inc. Reduce -33.6% 0.03% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -24.9% 0.09% −0.01
IJR iShares Core S&P Small-Cap E Reduce -1.3% 0.31% −0.01

Portfolio Buys Q3 2025 → Q4 2025
CAM AB California Inter Muni ETF New 0.68% +0.68
RTX RTX Corp. Add +436.3% 0.59% +0.49
CGCV Cap Group Conservative Eq New 0.18% +0.18
IXUS iShares Core Intl Stock ETF Add +2328.3% 0.15% +0.15
TMSL T.rowe PRC Small-Mid Cap ETF New 0.13% +0.13
GOOG Alphabet Inc. Class C Add +8.8% 0.40% +0.10
ILDR First Trust Innovation Leade Add +764.6% 0.11% +0.09
FPE FT-Preferred Secur & Inc. ETF Add +33.3% 0.34% +0.07
UCON First Trust Smith Unconstrai Add +19.3% 0.52% +0.06
JEPQ JPM Nasdaq Equity Premium Add +79.2% 0.15% +0.06
GEV GE Vernova Inc. Add +46.9% 0.17% +0.06
CIBR First Trust Nasdaq Cybersecu Add +143.1% 0.10% +0.06
GRID First TRST Nasd Class Edg Sgiif Add +281.7% 0.08% +0.06
JIRE JPMorgan Int Res Enh Eqty Add +67.5% 0.14% +0.05
AMD Advanced Micro Devices Add +7.0% 0.20% +0.05
AVGO Broadcom Inc. Add +7.8% 0.67% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +20.3% 0.38% +0.05
IVE iShares S&P 500 Value ETF Add +49.5% 0.14% +0.05
SNDK Sandisk Corp. Add +0.3% 0.09% +0.05
MU Micron Technology Inc. Add +1.7% 0.10% +0.04
WINN Harbor Long-Term Growers ETF Add +7.1% 1.72% +0.04
IDV iShares International Select Add +6.9% 0.41% +0.04
JPST JPMorgan Ultra-Short Income Add +20.6% 0.29% +0.04
BA The Boeing Co. Add +31.4% 0.17% +0.04
ALLW State Street Brgwtr All WTHR New 0.03% +0.03
AXP American Express Co. Add +15.0% 0.17% +0.03
FTSM First Trust Enh Short Mat FD Add +16.3% 0.30% +0.03
AON Aon PLC Class A Add +307.8% 0.04% +0.03
CEG Constellation Energy Add +10.3% 0.26% +0.03
LLY Eli Lilly & Co. Add +1.7% 0.11% +0.03
AMZN Amazon.com Inc. Add +0.7% 2.16% +0.03
DYNF Ishrs US E F R A ETF-Usd Inc. Add +16.9% 0.22% +0.03
SPYV SS SPDR P S&P 500 Value ETF Add +7.3% 0.54% +0.03
MKL Markel Group Inc. New 0.03% +0.03
FESM Fidelity Enhanced Small Cap New 0.03% +0.03
SPTS SS SPDR P St Term TSY ETF Add +43.7% 0.10% +0.03
TOUS T Rowe PRC International Eq New 0.03% +0.03
XLI SS Industrial Select Sector Add +26.9% 0.14% +0.02
PLTR Palantir Technologies Inc. Class A Add +13.6% 0.43% +0.02
FMDE Fidelity Enhanced Mid Cap Co. New 0.02% +0.02
EFV iShares MSCI Eafe Value ETF Add +11.7% 0.22% +0.02
IGRO iShares Intl Div Growth ETF Add +11.8% 0.23% +0.02
OEF iShares S&P 100 ETF Add +26.0% 0.12% +0.02
IVW iShares S&P 500 Growth ETF Add +13.1% 0.24% +0.02
IEMG iShares Core MSCI Emerging Add +31.0% 0.11% +0.02
BPRE Bluerock Private Real Estate New 0.02% +0.02
RDDT Reddit Inc. Class A Add +110.9% 0.04% +0.02
ARM Arm Holdings PLC-ADR Add +141.4% 0.05% +0.02
BN Brookfield Corp. Add +1016.7% 0.02% +0.02
MUB iShares National Muni Bond E Add +218.1% 0.03% +0.02

Notes & Other Activity Q3 2025 → Q4 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF Reduce -9.0% 243 $19K
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Add +10.7% 62 $1K
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 Sold out 4,825 $378before exit
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 10 $5
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 10 $4
BEP Brookfield Renewable Partner PARTNERSHIP UNIT Reduce -100.0% 0 $0
AVEM Avantis Emerging Markets Eq AVANTIS EMGMKT Sold out 0 $0before exit
CC The Chemours Co. COM Sold out 0 $0before exit
ROBO Robo Global Robotics and Aut ROBO GLB ETF Sold out 0 $0before exit
PBE Invesco Biotechnology & Geno BIOTECHNOLOGY Sold out 0 $0before exit
OMFL Invesco Russell 1000 DYN M/F RUSL 1000 DYNM Sold out 0 $0before exit
IBTL iShares Ibonds Dec 2031 Term IBONDS DEC 2031 Sold out 0 $0before exit

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