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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
-0.17%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$306M
AUM Growth
+$6.86M
(+2.3%)
Cap. Flow
+$8.77M
Cap. Flow
% of AUM
2.87%
Top 10 Holdings %
Top 10 Hldgs %
38.88%
Holding
124
New
3
Increased
7
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$8.41M |
| 2 |
Walt Disney
DIS
|
+$4.84M |
| 3 |
Advanced Micro Devices
AMD
|
+$2.5M |
| 4 |
Meta Platforms (Facebook)
META
|
+$1.9M |
| 5 |
Amazon
AMZN
|
+$1.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$8.64M |
| 2 |
AT&T
T
|
+$3.51M |
| 3 |
American International
AIG
|
+$1.38M |
| 4 |
Micron Technology
MU
|
+$1.13M |
| 5 |
Transocean
RIG
|
+$531K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.32% |
| 2 | Technology | 19.61% |
| 3 | Communication Services | 12.12% |
| 4 | Consumer Discretionary | 11.69% |
| 5 | Industrials | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Johnson & Johnson
JNJ
$632B
| $3.74M | 1.22% |
28,900
| – | – |
|
27
Union Pacific
UNP
$177B
| $3.73M | 1.22% |
23,000
| – | – |
|
28
Emerson Electric
EMR
$91.6B
| $3.34M | 1.09% |
50,000
| – | – |
|
29
GE Aerospace
GE
$374B
| $3.01M | 0.98% |
67,473
| – | – |
|
|
30
Micron Technology
MU
$1.07T
| $2.99M | 0.98% |
69,800
-25,000
| -26% | -$1.13M |
|
31
Ford
F
$55.4B
| $2.98M | 0.97% |
325,000
| – | – |
|
32
Pinnacle West Capital
PNW
$12.2B
| $2.91M | 0.95% |
30,000
| – | – |
|
|
X
33
DELISTED
US Steel
X
| $2.75M | 0.9% |
237,700
| – | – |
|
34
Chevron
CVX
$388B
| $2.63M | 0.86% |
22,200
| – | – |
|
35
Baxter International
BAX
$14B
| $2.54M | 0.83% |
29,000
| – | – |
|
36
Honeywell
HON
$74.2B
| $2.39M | 0.78% |
14,960
| – | – |
|
37
Pitney Bowes
PBI
$2.28B
| $2.34M | 0.76% |
511,059
| – | – |
|
38
Bausch Health
BHC
$2.37B
| $2.19M | 0.71% |
100,000
| – | – |
|
39
Gilead Sciences
GILD
$171B
| $2.15M | 0.7% |
34,000
| – | – |
|
40
AbbVie
ABBV
$443B
| $2.11M | 0.69% |
27,900
+10,000
| +56% | +$686K |
|
41
ExxonMobil
XOM
$652B
| $2.09M | 0.68% |
29,539
| – | – |
|
42
Coca-Cola
KO
$376B
| $2.01M | 0.66% |
37,000
| – | – |
|
43
APA Corp
APA
$14B
| $1.92M | 0.63% |
75,000
+50,000
| +200% | +$1.2M |
|
44
Starbucks
SBUX
$124B
| $1.86M | 0.61% |
21,000
| – | – |
|
45
Verizon
VZ
$200B
| $1.85M | 0.61% |
30,663
| – | – |
|
46
Bristol-Myers Squibb
BMY
$132B
| $1.82M | 0.6% |
35,899
| – | – |
|
47
Eli Lilly
LLY
$1.08T
| $1.8M | 0.59% |
16,100
| – | – |
|
48
PepsiCo
PEP
$192B
| $1.78M | 0.58% |
13,000
| – | – |
|
49
IBM
IBM
$223B
| $1.73M | 0.57% |
12,447
| – | – |
|
50
Lowe's Companies
LOW
$122B
| $1.69M | 0.55% |
15,320
| – | – |
|
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Gifford Fong Associates's Q3 2019 Portfolio in Review
As of Q3 2019, Gifford Fong Associates held 124 positions worth $306M, up 2.3% from $299M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 2.4%. Gifford Fong Associates opened 3 new positions and made no exits, leaving the 124-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 25% a quarter earlier, followed by Technology and Communication Services.
- Gifford Fong Associates's largest Q3 2019 buy was Salesforce: 10,000 shares worth $1.48M.
- Gifford Fong Associates added most to NVIDIA in Q3 2019, an estimated $8.41M increase.
- Gifford Fong Associates's biggest Q3 2019 reduction was Amgen, cutting an estimated $8.64M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $306M portfolio in Q3 2019.
- Gifford Fong Associates opened 3 new positions and closed 0 in Q3 2019.
- Gifford Fong Associates's portfolio value rose 2.3% quarter-over-quarter to $306M.
Based on Gifford Fong Associates's 13F filing for Q3 2019, filed 13 Nov 2019.