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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
-15.29%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$273M
AUM Growth
-$70.2M
(-20%)
Cap. Flow
+$2.88M
Cap. Flow
% of AUM
1.05%
Top 10 Holdings %
Top 10 Hldgs %
42.58%
Holding
127
New
2
Increased
6
Reduced
9
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$9.33M |
| 2 |
Apple
AAPL
|
+$7.35M |
| 3 |
Salesforce
CRM
|
+$3.43M |
| 4 |
Biogen
BIIB
|
+$3.03M |
| 5 |
Costco
COST
|
+$3.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$12.6M |
| 2 |
Meta Platforms (Facebook)
META
|
+$4.89M |
| 3 |
MRO
Marathon Oil Corporation
MRO
|
+$3.06M |
| 4 |
Advanced Micro Devices
AMD
|
+$2.41M |
| 5 |
Amazon
AMZN
|
+$1.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.33% |
| 2 | Financials | 20.45% |
| 3 | Consumer Discretionary | 15.51% |
| 4 | Healthcare | 12.47% |
| 5 | Communication Services | 11.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Boeing
BA
$183B
| $2.79M | 1.02% |
18,710
| – | – |
|
|
WBA
27
DELISTED
Walgreens Boots Alliance
WBA
| $2.75M | 1.01% |
60,000
+50,000
| +500% | +$2.54M |
|
28
GE Aerospace
GE
$379B
| $2.67M | 0.98% |
67,473
| – | – |
|
29
Citigroup
C
$231B
| $2.59M | 0.95% |
61,471
| – | – |
|
30
Gilead Sciences
GILD
$168B
| $2.54M | 0.93% |
34,000
| – | – |
|
31
Wells Fargo
WFC
$269B
| $2.53M | 0.93% |
88,052
| – | – |
|
32
Emerson Electric
EMR
$91.4B
| $2.38M | 0.87% |
50,000
| – | – |
|
33
Baxter International
BAX
$13.9B
| $2.35M | 0.86% |
29,000
| – | – |
|
34
Pinnacle West Capital
PNW
$12.2B
| $2.27M | 0.83% |
30,000
| – | – |
|
35
Eli Lilly
LLY
$1.09T
| $2.23M | 0.82% |
16,100
| – | – |
|
36
AbbVie
ABBV
$440B
| $2.13M | 0.78% |
27,900
| – | – |
|
37
Synchrony
SYF
$25.8B
| $2.13M | 0.78% |
132,073
| – | – |
|
|
38
Meta Platforms (Facebook)
META
$1.47T
| $2.08M | 0.77% |
12,500
-25,000
| -67% | -$4.89M |
|
39
Bristol-Myers Squibb
BMY
$130B
| $2M | 0.73% |
35,899
| – | – |
|
40
Honeywell
HON
$74.6B
| $1.89M | 0.69% |
14,960
| – | – |
|
41
Micron Technology
MU
$1.03T
| $1.88M | 0.69% |
44,800
-25,000
| -36% | -$1.3M |
|
42
Verizon
VZ
$195B
| $1.65M | 0.6% |
30,663
| – | – |
|
43
Coca-Cola
KO
$373B
| $1.64M | 0.6% |
37,000
| – | – |
|
44
Chevron
CVX
$386B
| $1.61M | 0.59% |
22,200
| – | – |
|
45
Ford
F
$55.1B
| $1.57M | 0.58% |
325,000
| – | – |
|
46
PepsiCo
PEP
$189B
| $1.56M | 0.57% |
13,000
| – | – |
|
47
Bausch Health
BHC
$2.32B
| $1.55M | 0.57% |
100,000
| – | – |
|
48
Abbott
ABT
$192B
| $1.53M | 0.56% |
19,400
| – | – |
|
|
X
49
DELISTED
US Steel
X
| $1.5M | 0.55% |
237,700
| – | – |
|
50
Starbucks
SBUX
$124B
| $1.38M | 0.51% |
21,000
| – | – |
|
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Gifford Fong Associates's Q1 2020 Portfolio in Review
As of Q1 2020, Gifford Fong Associates held 127 positions worth $273M, down 20% from $343M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Trading was light in Q1 2020: portfolio turnover was 1.6%. Gifford Fong Associates opened 2 new positions and made no exits, leaving the 127-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
- Gifford Fong Associates's largest Q1 2020 buy was Tesla: 225,000 shares worth $7.86M.
- Gifford Fong Associates added most to Apple in Q1 2020, an estimated $7.35M increase.
- Gifford Fong Associates's biggest Q1 2020 reduction was NVIDIA, cutting an estimated $12.6M.
- Gifford Fong Associates's ten largest holdings make up 43% of its $273M portfolio in Q1 2020.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q1 2020.
- Gifford Fong Associates's portfolio value fell 20% quarter-over-quarter to $273M.
Based on Gifford Fong Associates's 13F filing for Q1 2020, filed 14 May 2020.