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GFA
Gifford Fong Associates Portfolio holdings
AUM
$501M
1-Year Est. Return
32.77%
This Fund
S&P 500
This Quarter
Est. Return
+8.93%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$314M
AUM Growth
+$25M
(+8.6%)
Cap. Flow
+$266K
Cap. Flow
% of AUM
0.08%
Top 10 Holdings %
Top 10 Hldgs %
38.6%
Holding
117
New
5
Increased
2
Reduced
3
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
X
US Steel
X
|
+$5.25M |
| 2 |
Micron Technology
MU
|
+$2.52M |
| 3 |
MRO
Marathon Oil Corporation
MRO
|
+$1.05M |
| 4 |
Under Armour
UAA
|
+$1.04M |
| 5 |
Ford
F
|
+$1,000K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cisco
CSCO
|
+$6.75M |
| 2 |
Ciena
CIEN
|
+$4.81M |
| 3 |
AT&T
T
|
+$162K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.59% |
| 2 | Technology | 16.93% |
| 3 | Healthcare | 11.6% |
| 4 | Industrials | 10.53% |
| 5 | Consumer Discretionary | 10.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Union Pacific
UNP
$174B
| $3.75M | 1.19% |
23,000
| – | – |
|
|
27
AT&T
T
$166B
| $3.6M | 1.15% |
141,988
-6,620
| -4% | -$162K |
|
28
Oracle
ORCL
$446B
| $3.56M | 1.13% |
69,000
| – | – |
|
29
Walmart Inc
WMT
$919B
| $3.42M | 1.09% |
109,200
| – | – |
|
30
Comcast
CMCSA
$89.8B
| $3.12M | 0.99% |
88,000
| – | – |
|
|
31
Ford
F
$55.1B
| $3.01M | 0.96% |
325,000
+100,000
| +44% | +$1,000K |
|
32
Meta Platforms (Facebook)
META
$1.48T
| $2.88M | 0.92% |
17,500
| – | – |
|
33
Transocean
RIG
$6.37B
| $2.79M | 0.89% |
200,000
| – | – |
|
34
Chevron
CVX
$387B
| $2.71M | 0.86% |
22,200
| – | – |
|
35
Gilead Sciences
GILD
$168B
| $2.63M | 0.84% |
34,000
| – | – |
|
36
Bausch Health
BHC
$2.32B
| $2.57M | 0.82% |
100,000
| – | – |
|
37
ExxonMobil
XOM
$658B
| $2.51M | 0.8% |
29,539
| – | – |
|
38
Pinnacle West Capital
PNW
$12.2B
| $2.38M | 0.76% |
30,000
| – | – |
|
39
American International
AIG
$39.9B
| $2.35M | 0.75% |
44,100
| – | – |
|
40
Honeywell
HON
$74.4B
| $2.35M | 0.75% |
15,609
| – | – |
|
|
41
Micron Technology
MU
$1.05T
| $2.26M | 0.72% |
+50,000
| New | +$2.52M |
|
42
Baxter International
BAX
$14.1B
| $2.24M | 0.71% |
29,000
| – | – |
|
43
Bristol-Myers Squibb
BMY
$130B
| $2.23M | 0.71% |
35,899
| – | – |
|
44
3M
MMM
$94.8B
| $2.05M | 0.65% |
11,661
| – | – |
|
45
DuPont de Nemours
DD
$19.5B
| $1.9M | 0.6% |
11,643
| – | – |
|
|
SIVB
46
DELISTED
SVB Financial Group
SIVB
| $1.86M | 0.59% |
6,000
| – | – |
|
47
IBM
IBM
$221B
| $1.8M | 0.57% |
12,447
| – | – |
|
48
Goldman Sachs
GS
$301B
| $1.79M | 0.57% |
8,000
| – | – |
|
49
Lowe's Companies
LOW
$122B
| $1.76M | 0.56% |
15,320
| – | – |
|
50
Eli Lilly
LLY
$1.09T
| $1.73M | 0.55% |
16,100
| – | – |
|
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Gifford Fong Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Gifford Fong Associates held 117 positions worth $314M, up 8.6% from $289M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q3 2018: portfolio turnover was 4.3%. Gifford Fong Associates opened 5 new positions and made no exits, leaving the 117-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 25% a quarter earlier, followed by Technology and Healthcare.
- Gifford Fong Associates's largest Q3 2018 buy was US Steel: 162,700 shares worth $4.96M.
- Gifford Fong Associates added most to Marathon Oil Corporation in Q3 2018, an estimated $1.05M increase.
- Gifford Fong Associates's biggest Q3 2018 reduction was Cisco, cutting an estimated $6.75M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $314M portfolio in Q3 2018.
- Gifford Fong Associates opened 5 new positions and closed 0 in Q3 2018.
- Gifford Fong Associates's portfolio value rose 8.6% quarter-over-quarter to $314M.
Based on Gifford Fong Associates's 13F filing for Q3 2018, filed 8 Nov 2018.