Golden State Wealth Management
SANTA ANA, CAfiles as Golden State Wealth Management, LLC
$1.1bn in 1,620 US stocks at the end of 30 June 2026. The top 10 are 30.1% of the money. It changed about 13.2% of the portfolio this quarter.
Value
$1.1bn
Stocks
1,620
Top 10 share
30.1%
Turnover
13.2%
What changed this quarter
New
Bought for the first time this quarter.
- Natixis ETF Trust IILSGR0.3% of the fund
- Blackrock ETF TrustIALT0.3% of the fund
- Zacks TrustSMIZ0.2% of the fund
- Global X FDSMLPX0.1% of the fund
- First TR Exchange-Traded FDSDVD0.1% of the fund
- Space Exploration TechnologiesSPCX0.1% of the fund
- Berkshire Hathaway INC DELBRK-A<0.1% of the fund
- Goldman Sachs ETF TRGPIQ<0.1% of the fund
- AbsciABSI<0.1% of the fund
- J P Morgan Exchange Traded FJIVE<0.1% of the fund
- CarnivalCCL<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- MaxlinearMXL<0.1% of the fund
- AbCellera BiologicsABCL<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- First Northern Community BancorpFNRN<0.1% of the fund
- USA Rare EarthUSAR<0.1% of the fund
- Nexa ResourcesNEXA<0.1% of the fund
- J P Morgan Exchange Traded FBBEU<0.1% of the fund
- Spdr Series TrustVLU<0.1% of the fund
- Janus Detroit STR TRJMBS<0.1% of the fund
- InfleqtionINFQ<0.1% of the fund
- Fidelity Covington TrustFHLC<0.1% of the fund
- Entrepreneurshares Series TRXOVR<0.1% of the fund
- CovistaCVSA<0.1% of the fund
Added
Bought more of a stock they already held.
- Ishares TRIVV7.3% of the fund+6%
- Blackrock ETF TrustDYNF2.5% of the fund+120%
- Amazon.comAMZN2.0% of the fund+5%
- IsharesIEMG1.3% of the fund+326%
- Blackrock ETF TrustBAI1.0% of the fund+344%
- First TR Exchange-Traded FDFTCS1.0% of the fund+2%
- J P Morgan Exchange Traded FJQUA0.7% of the fund+7%
- SandiskSNDK0.7% of the fund+3%
- Spdr Series TrustSPYM0.6% of the fund+9%
- Blackrock ETF TrustTHRO0.6% of the fund+261%
- Ishares TRMTUM0.6% of the fund+132%
- First TR Exchange Traded FDFICS0.5% of the fund+5%
- Advanced Micro DevicesAMD0.5% of the fund+5%
- Ishares TREFV0.5% of the fund+98%
- Invesco Exch Traded FD TR IIPZA0.5% of the fund+8532%
- Janus Detroit STR TRVNLA0.5% of the fund+3%
- Micron TechnologyMU0.4% of the fund+6%
- Ishares TRIVW0.4% of the fund+35%
- Invesco Exch Traded FD TR IIQQQM0.4% of the fund+12%
- AlphabetGOOG0.4% of the fund+5%
- Ishares TRTLH0.4% of the fund+363%
- First TR Exchange-Traded FDCIBR0.4% of the fund+30%
- J P Morgan Exchange Traded FJGRO0.4% of the fund+9%
- Wisdomtree TRQGRW0.4% of the fund+10%
- First TR Exchange-Traded FDGRID0.4% of the fund+40%
Cut
Sold some of their stake.
- AlphabetGOOGL2.1% of the fund-2%
- First TR Exchange-Traded FDFVD1.6% of the fund-25%
- Harbor ETF TrustWINN1.3% of the fund-22%
- American Centy ETF TRQGRO1.1% of the fund-26%
- First TR Exchange Traded FDSDVY1.1% of the fund-9%
- Spdr Series TrustSPAB1.0% of the fund-6%
- First TR Exchange Traded FDRDVY0.9% of the fund-38%
- J P Morgan Exchange Traded FBBUS0.7% of the fund-32%
- Ishares TRQUAL0.7% of the fund-11%
- Vanguard Specialized FundsVIG0.6% of the fund-2%
- BlackstoneBX0.5% of the fund-4%
- First TR Exchng Traded FD VIUCON0.5% of the fund-13%
- RTXRTX0.5% of the fund-13%
- Ishares TRACWI0.4% of the fund-11%
- JPMorgan ChaseJPM0.4% of the fund-3%
- Spdr Series TrustSPYV0.4% of the fund-14%
- Spdr Gold TRGLD0.4% of the fund-6%
- First TR Exch Traded FD IIIHUSV0.4% of the fund-4%
- Invesco Exchange Traded FD TPPA0.4% of the fund-3%
- Spdr Series TrustSPYG0.4% of the fund-30%
- Ishares TRIWD0.4% of the fund-7%
- Ishares TRIJR0.3% of the fund-7%
- Berkshire HathawayBRK-B0.3% of the fund-3%
- Ishares TRSGOV0.3% of the fund-12%
- Spdr Series TrustSPMD0.3% of the fund-3%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- Global X FDSXYLD-100%
- Butterfly NetworkBFLY-100%
- Carnival-100%
- Goldman Sachs ETF TRGSEW-100%
- Victory Portfolios IIVFLO-100%
- Grab HoldingsGRAB-100%
- Oscar HealthOSCR-100%
- Bluerock Private Real Estate FundBPRE-100%
- Fluence EnergyFLNC-100%
- Permian Basin Royalty TrustPBT-100%
- TransDigm GroupTDG-100%
- YUM BrandsYUM-100%
- Southwest Gas HoldingsSWX-100%
- Zeta Global HoldingsZETA-100%
- Spdr Series TrustSPHY-100%
- Ishares TRFALN-100%
- AECOMACM-100%
- Pimco ETF TRLTPZ-100%
- Brinker InternationalEAT-100%
- DoubleLine Opportunistic Credit FundDBL-100%
- Willdan GroupWLDN-100%
- UMH PropertiesUMH-100%
- First TR Inter Duratn PFDFPF-100%
- Pimco Calif MUN Income FDXPCQX-100%
Holdings
- Ishares TRIVV
- Share
- 7.3%
- Value
- $80m
- Shares
- 106,900
+6%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 4.9%
- Value
- $53m
- Shares
- 71,388
Held
- Blackrock ETF TrustDYNF
- Share
- 2.5%
- Value
- $27m
- Shares
- 400,742
+120%
- Ishares TRAGG
- Share
- 2.3%
- Value
- $26m
- Shares
- 259,018
Held
- Invesco QQQ TRQQQ
- Share
- 2.1%
- Value
- $23m
- Shares
- 31,300
Held
- First TR Exchange-Traded FDFVD
- Share
- 1.6%
- Value
- $17m
- Shares
- 361,076
-25%
- Principal Exchange Traded FDUSMC
- Share
- 1.4%
- Value
- $16m
- Shares
- 213,613
Held
- IsharesIEMG
- Share
- 1.3%
- Value
- $14m
- Shares
- 173,541
+326%
- Harbor ETF TrustWINN
- Share
- 1.3%
- Value
- $14m
- Shares
- 431,368
-22%
- American Centy ETF TRQGRO
- Share
- 1.1%
- Value
- $12m
- Shares
- 101,086
-26%
- First TR Exchange Traded FDSDVY
- Share
- 1.1%
- Value
- $12m
- Shares
- 270,892
-9%
- Blackrock ETF TrustBAI
- Share
- 1.0%
- Value
- $11m
- Shares
- 217,958
+344%
- Spdr Series TrustSPAB
- Share
- 1.0%
- Value
- $11m
- Shares
- 436,311
-6%
- First TR Exchange-Traded FDFTCS
- Share
- 1.0%
- Value
- $11m
- Shares
- 115,768
+2%
- First TR Exchange Traded FDRDVY
- Share
- 0.9%
- Value
- $9m
- Shares
- 116,217
-38%
- First TR Exchng Traded FD VIBUFR
- Share
- 0.8%
- Value
- $9m
- Shares
- 252,708
Held
- J P Morgan Exchange Traded FBBUS
- Share
- 0.7%
- Value
- $8m
- Shares
- 58,425
-32%
- Ishares TRQUAL
- Share
- 0.7%
- Value
- $8m
- Shares
- 34,207
-11%
- Wisdomtree TRDGRW
- Share
- 0.7%
- Value
- $7m
- Shares
- 77,099
Held
- J P Morgan Exchange Traded FJQUA
- Share
- 0.7%
- Value
- $7m
- Shares
- 101,321
+7%
- Spdr Series TrustSPYM
- Share
- 0.6%
- Value
- $7m
- Shares
- 80,364
+9%
- Blackrock ETF TrustTHRO
- Share
- 0.6%
- Value
- $7m
- Shares
- 161,956
+261%
- Abrdn Silver ETF TrustSIVR
- Share
- 0.6%
- Value
- $7m
- Shares
- 121,101
Held
- Vanguard Specialized FundsVIG
- Share
- 0.6%
- Value
- $6m
- Shares
- 26,804
-2%
- Ishares TRMTUM
- Share
- 0.6%
- Value
- $6m
- Shares
- 18,193
+132%
- First TR Exchange Traded FDFICS
- Share
- 0.5%
- Value
- $6m
- Shares
- 141,235
+5%
- Ishares TREFV
- Share
- 0.5%
- Value
- $6m
- Shares
- 74,422
+98%
- Invesco Exch Traded FD TR IIPZA
- Share
- 0.5%
- Value
- $6m
- Shares
- 240,582
+8532%
- Janus Detroit STR TRVNLA
- Share
- 0.5%
- Value
- $5m
- Shares
- 111,940
+3%
- First TR Exchng Traded FD VIUCON
- Share
- 0.5%
- Value
- $5m
- Shares
- 204,175
-13%
- First TR Exch Traded FD IIIFTLS
- Share
- 0.4%
- Value
- $5m
- Shares
- 63,314
Held
- Ishares TRIVW
- Share
- 0.4%
- Value
- $5m
- Shares
- 33,700
+35%
- Vanguard Index FDSVOO
- Share
- 0.4%
- Value
- $5m
- Shares
- 6,717
Held
- Ishares TRACWI
- Share
- 0.4%
- Value
- $4m
- Shares
- 28,399
-11%
- Invesco Exch Traded FD TR IIQQQM
- Share
- 0.4%
- Value
- $4m
- Shares
- 14,708
+12%
- Spdr Series TrustSPYV
- Share
- 0.4%
- Value
- $4m
- Shares
- 72,626
-14%
- Spdr Gold TRGLD
- Share
- 0.4%
- Value
- $4m
- Shares
- 11,898
-6%
- Ishares TRIUSG
- Share
- 0.4%
- Value
- $4m
- Shares
- 23,285
Held
- First TR Exch Traded FD IIIHUSV
- Share
- 0.4%
- Value
- $4m
- Shares
- 111,374
-4%
- Invesco Exchange Traded FD TPPA
- Share
- 0.4%
- Value
- $4m
- Shares
- 23,723
-3%
- Ishares TRTLH
- Share
- 0.4%
- Value
- $4m
- Shares
- 40,714
+363%
- Wisdomtree TRUSFR
- Share
- 0.4%
- Value
- $4m
- Shares
- 79,896
Held
- First TR Exchange-Traded FDCIBR
- Share
- 0.4%
- Value
- $4m
- Shares
- 44,462
+30%
- J P Morgan Exchange Traded FJGRO
- Share
- 0.4%
- Value
- $4m
- Shares
- 40,089
+9%
- Wisdomtree TRQGRW
- Share
- 0.4%
- Value
- $4m
- Shares
- 59,671
+10%
- Spdr Series TrustSPYG
- Share
- 0.4%
- Value
- $4m
- Shares
- 32,876
-30%
- Ishares TRIWD
- Share
- 0.4%
- Value
- $4m
- Shares
- 16,099
-7%
- First TR Exchange-Traded FDGRID
- Share
- 0.4%
- Value
- $4m
- Shares
- 20,353
+40%
- Ishares TRIWO
- Share
- 0.3%
- Value
- $4m
- Shares
- 9,483
Held
- Ishares TRIVE
- Share
- 0.3%
- Value
- $4m
- Shares
- 16,372
+45%
- Blackrock ETF TrustBLCR
- Share
- 0.3%
- Value
- $4m
- Shares
- 73,373
+5056%
- First TR Exchange-Traded FDFPX
- Share
- 0.3%
- Value
- $4m
- Shares
- 17,916
Held
- Natixis ETF Trust IILSGR
- Share
- 0.3%
- Value
- $4m
- Shares
- 87,435
New
- Pimco ETF TRPYLD
- Share
- 0.3%
- Value
- $4m
- Shares
- 138,057
+40%
- Pacer FDS TRCOWZ
- Share
- 0.3%
- Value
- $4m
- Shares
- 58,836
+4%
- J P Morgan Exchange Traded FJIRE
- Share
- 0.3%
- Value
- $4m
- Shares
- 44,243
+131%
- Ishares TRIJR
- Share
- 0.3%
- Value
- $4m
- Shares
- 24,355
-7%
- Fidelity Covington TrustFTEC
- Share
- 0.3%
- Value
- $3m
- Shares
- 11,773
+10%
- Blackrock ETF TrustIALT
- Share
- 0.3%
- Value
- $3m
- Shares
- 117,571
New
- First TR Exchng Traded FD VIBUFQ
- Share
- 0.3%
- Value
- $3m
- Shares
- 83,964
Held
- Ishares TRSOXX
- Share
- 0.3%
- Value
- $3m
- Shares
- 5,082
+3%
- Ishares TRSGOV
- Share
- 0.3%
- Value
- $3m
- Shares
- 32,310
-12%
- Ishares TRGARP
- Share
- 0.3%
- Value
- $3m
- Shares
- 39,009
+194%
- American Centy ETF TRAVDE
- Share
- 0.3%
- Value
- $3m
- Shares
- 35,797
Held
- First TR Exchange-Traded FDSKYY
- Share
- 0.3%
- Value
- $3m
- Shares
- 23,411
Held
- Global X FDSSHLD
- Share
- 0.3%
- Value
- $3m
- Shares
- 52,397
+793%
- Spdr Series TrustSPMD
- Share
- 0.3%
- Value
- $3m
- Shares
- 45,932
-3%
- Ishares TREFG
- Share
- 0.3%
- Value
- $3m
- Shares
- 24,731
+264%
- Ishares TRIJH
- Share
- 0.3%
- Value
- $3m
- Shares
- 39,821
-16%
- J P Morgan Exchange Traded FJEPI
- Share
- 0.3%
- Value
- $3m
- Shares
- 51,666
+3%
- Ssga Active TRALLW
- Share
- 0.3%
- Value
- $3m
- Shares
- 98,294
+514%
- First TR Exchange-Traded FDFTSM
- Share
- 0.3%
- Value
- $3m
- Shares
- 47,208
Held
- First TR Exchange Traded FDFV
- Share
- 0.3%
- Value
- $3m
- Shares
- 36,500
-2%
- First TR Exchange-Traded FDLMBS
- Share
- 0.2%
- Value
- $3m
- Shares
- 53,522
Held
- Fidelity Merrimack STR TRFBND
- Share
- 0.2%
- Value
- $3m
- Shares
- 58,462
Held
- Spdr Series TrustSPSM
- Share
- 0.2%
- Value
- $3m
- Shares
- 44,546
-14%
- Ishares TRIDV
- Share
- 0.2%
- Value
- $3m
- Shares
- 61,655
-36%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRIVV | 7.3% | $80m | 106,900 | +6% |
| State STR Spdr S&P 500 ETF TSPY | 4.9% | $53m | 71,388 | Held |
| AppleAAPL | 3.2% | $35m | 120,182 | Held |
| Blackrock ETF TrustDYNF | 2.5% | $27m | 400,742 | +120% |
| Ishares TRAGG | 2.3% | $26m | 259,018 | Held |
| NvidiaNVDA | 2.2% | $24m | 117,884 | Held |
| Invesco QQQ TRQQQ | 2.1% | $23m | 31,300 | Held |
| AlphabetGOOGL | 2.1% | $23m | 64,449 | -2% |
| Amazon.comAMZN | 2.0% | $22m | 91,680 | +5% |
| First TR Exchange-Traded FDFVD | 1.6% | $17m | 361,076 | -25% |
| Principal Exchange Traded FDUSMC | 1.4% | $16m | 213,613 | Held |
| IsharesIEMG | 1.3% | $14m | 173,541 | +326% |
| Harbor ETF TrustWINN | 1.3% | $14m | 431,368 | -22% |
| American Centy ETF TRQGRO | 1.1% | $12m | 101,086 | -26% |
| First TR Exchange Traded FDSDVY | 1.1% | $12m | 270,892 | -9% |
| Blackrock ETF TrustBAI | 1.0% | $11m | 217,958 | +344% |
| Spdr Series TrustSPAB | 1.0% | $11m | 436,311 | -6% |
| First TR Exchange-Traded FDFTCS | 1.0% | $11m | 115,768 | +2% |
| First TR Exchange Traded FDRDVY | 0.9% | $9m | 116,217 | -38% |
| First TR Exchng Traded FD VIBUFR | 0.8% | $9m | 252,708 | Held |
| TeslaTSLA | 0.8% | $9m | 21,436 | Held |
| MicrosoftMSFT | 0.7% | $8m | 21,778 | Held |
| J P Morgan Exchange Traded FBBUS | 0.7% | $8m | 58,425 | -32% |
| Ishares TRQUAL | 0.7% | $8m | 34,207 | -11% |
| Wisdomtree TRDGRW | 0.7% | $7m | 77,099 | Held |
| J P Morgan Exchange Traded FJQUA | 0.7% | $7m | 101,321 | +7% |
| SandiskSNDK | 0.7% | $7m | 3,162 | +3% |
| BroadcomAVGO | 0.6% | $7m | 18,802 | Held |
| Spdr Series TrustSPYM | 0.6% | $7m | 80,364 | +9% |
| Blackrock ETF TrustTHRO | 0.6% | $7m | 161,956 | +261% |
| Abrdn Silver ETF TrustSIVR | 0.6% | $7m | 121,101 | Held |
| Vanguard Specialized FundsVIG | 0.6% | $6m | 26,804 | -2% |
| Ishares TRMTUM | 0.6% | $6m | 18,193 | +132% |
| First TR Exchange Traded FDFICS | 0.5% | $6m | 141,235 | +5% |
| BlackstoneBX | 0.5% | $6m | 48,980 | -4% |
| Advanced Micro DevicesAMD | 0.5% | $6m | 9,813 | +5% |
| Ishares TREFV | 0.5% | $6m | 74,422 | +98% |
| Invesco Exch Traded FD TR IIPZA | 0.5% | $6m | 240,582 | +8532% |
| Janus Detroit STR TRVNLA | 0.5% | $5m | 111,940 | +3% |
| Meta PlatformsMETA | 0.5% | $5m | 9,184 | Held |
| First TR Exchng Traded FD VIUCON | 0.5% | $5m | 204,175 | -13% |
| RTXRTX | 0.5% | $5m | 26,263 | -13% |
| Micron TechnologyMU | 0.4% | $5m | 4,166 | +6% |
| First TR Exch Traded FD IIIFTLS | 0.4% | $5m | 63,314 | Held |
| Ishares TRIVW | 0.4% | $5m | 33,700 | +35% |
| Vanguard Index FDSVOO | 0.4% | $5m | 6,717 | Held |
| Ishares TRACWI | 0.4% | $4m | 28,399 | -11% |
| Invesco Exch Traded FD TR IIQQQM | 0.4% | $4m | 14,708 | +12% |
| JPMorgan ChaseJPM | 0.4% | $4m | 13,508 | -3% |
| Spdr Series TrustSPYV | 0.4% | $4m | 72,626 | -14% |
| Spdr Gold TRGLD | 0.4% | $4m | 11,898 | -6% |
| Ishares TRIUSG | 0.4% | $4m | 23,285 | Held |
| First TR Exch Traded FD IIIHUSV | 0.4% | $4m | 111,374 | -4% |
| Invesco Exchange Traded FD TPPA | 0.4% | $4m | 23,723 | -3% |
| AlphabetGOOG | 0.4% | $4m | 11,828 | +5% |
| Ishares TRTLH | 0.4% | $4m | 40,714 | +363% |
| Wisdomtree TRUSFR | 0.4% | $4m | 79,896 | Held |
| First TR Exchange-Traded FDCIBR | 0.4% | $4m | 44,462 | +30% |
| J P Morgan Exchange Traded FJGRO | 0.4% | $4m | 40,089 | +9% |
| Wisdomtree TRQGRW | 0.4% | $4m | 59,671 | +10% |
| Spdr Series TrustSPYG | 0.4% | $4m | 32,876 | -30% |
| Ishares TRIWD | 0.4% | $4m | 16,099 | -7% |
| First TR Exchange-Traded FDGRID | 0.4% | $4m | 20,353 | +40% |
| Costco WholesaleCOST | 0.3% | $4m | 3,995 | Held |
| Ishares TRIWO | 0.3% | $4m | 9,483 | Held |
| Ishares TRIVE | 0.3% | $4m | 16,372 | +45% |
| Blackrock ETF TrustBLCR | 0.3% | $4m | 73,373 | +5056% |
| First TR Exchange-Traded FDFPX | 0.3% | $4m | 17,916 | Held |
| Natixis ETF Trust IILSGR | 0.3% | $4m | 87,435 | New |
| Pimco ETF TRPYLD | 0.3% | $4m | 138,057 | +40% |
| Pacer FDS TRCOWZ | 0.3% | $4m | 58,836 | +4% |
| J P Morgan Exchange Traded FJIRE | 0.3% | $4m | 44,243 | +131% |
| Ishares TRIJR | 0.3% | $4m | 24,355 | -7% |
| Berkshire HathawayBRK-B | 0.3% | $3m | 6,910 | -3% |
| Fidelity Covington TrustFTEC | 0.3% | $3m | 11,773 | +10% |
| Blackrock ETF TrustIALT | 0.3% | $3m | 117,571 | New |
| First TR Exchng Traded FD VIBUFQ | 0.3% | $3m | 83,964 | Held |
| Ishares TRSOXX | 0.3% | $3m | 5,082 | +3% |
| Ishares TRSGOV | 0.3% | $3m | 32,310 | -12% |
| Ishares TRGARP | 0.3% | $3m | 39,009 | +194% |
| American Centy ETF TRAVDE | 0.3% | $3m | 35,797 | Held |
| First TR Exchange-Traded FDSKYY | 0.3% | $3m | 23,411 | Held |
| CaterpillarCAT | 0.3% | $3m | 2,948 | Held |
| Global X FDSSHLD | 0.3% | $3m | 52,397 | +793% |
| Spdr Series TrustSPMD | 0.3% | $3m | 45,932 | -3% |
| Ishares TREFG | 0.3% | $3m | 24,731 | +264% |
| Ishares TRIJH | 0.3% | $3m | 39,821 | -16% |
| Applied MaterialsAMAT | 0.3% | $3m | 4,102 | Held |
| Palo Alto NetworksPANW | 0.3% | $3m | 8,663 | Held |
| J P Morgan Exchange Traded FJEPI | 0.3% | $3m | 51,666 | +3% |
| Ssga Active TRALLW | 0.3% | $3m | 98,294 | +514% |
| First TR Exchange-Traded FDFTSM | 0.3% | $3m | 47,208 | Held |
| First TR Exchange Traded FDFV | 0.3% | $3m | 36,500 | -2% |
| GE VernovaGEV | 0.3% | $3m | 2,356 | -3% |
| First TR Exchange-Traded FDLMBS | 0.2% | $3m | 53,522 | Held |
| Fidelity Merrimack STR TRFBND | 0.2% | $3m | 58,462 | Held |
| Spdr Series TrustSPSM | 0.2% | $3m | 44,546 | -14% |
| VisaV | 0.2% | $3m | 7,479 | Held |
| Ishares TRIDV | 0.2% | $3m | 61,655 | -36% |
| Palantir TechnologiesPLTR | 0.2% | $3m | 21,836 | Held |
Showing the largest 100 of 1,620.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 33.4% since 30 June 2025.
Where the money is
Technology11.0%
Retail & consumer3.7%
Media & telecom3.3%
Industrials2.9%
Financial services2.8%
Health care1.1%
Everyday goods0.9%
Utilities0.7%
Energy0.5%
Materials0.4%
Real estate0.2%
Other72.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.