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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
+15.77%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$431M
AUM Growth
+$57.7M
(+15%)
Cap. Flow
+$6.12M
Cap. Flow
% of AUM
1.42%
Top 10 Holdings %
Top 10 Hldgs %
44%
Holding
136
New
4
Increased
2
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$7.93M |
| 2 |
Shopify
SHOP
|
+$7.35M |
| 3 |
Zoom
ZM
|
+$6.69M |
| 4 |
Lumen
LUMN
|
+$1.48M |
| 5 |
Franklin Resources
BEN
|
+$1.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$12.6M |
| 2 |
Intel
INTC
|
+$2.44M |
| 3 |
Advanced Micro Devices
AMD
|
+$2.16M |
| 4 |
Micron Technology
MU
|
+$1.51M |
| 5 |
Pfizer
PFE
|
+$247K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.12% |
| 2 | Financials | 20.88% |
| 3 | Communication Services | 12.04% |
| 4 | Consumer Discretionary | 11.21% |
| 5 | Healthcare | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Oracle
ORCL
$442B
| $4.46M | 1.04% |
69,000
| – | – |
|
27
Emerson Electric
EMR
$91.4B
| $4.02M | 0.93% |
50,000
| – | – |
|
28
Boeing
BA
$183B
| $4M | 0.93% |
18,710
| – | – |
|
|
X
29
DELISTED
US Steel
X
| $3.99M | 0.93% |
237,700
| – | – |
|
30
First Horizon
FHN
$12.3B
| $3.83M | 0.89% |
300,000
| – | – |
|
31
Citigroup
C
$231B
| $3.79M | 0.88% |
61,471
| – | – |
|
32
GE Aerospace
GE
$379B
| $3.63M | 0.84% |
67,473
| – | – |
|
33
Meta Platforms (Facebook)
META
$1.47T
| $3.42M | 0.79% |
12,500
| – | – |
|
34
Invesco
IVZ
$13.9B
| $3.23M | 0.75% |
185,393
| – | – |
|
35
Pitney Bowes
PBI
$2.28B
| $3.15M | 0.73% |
511,059
| – | – |
|
|
36
Franklin Resources
BEN
$17.1B
| $3.01M | 0.7% |
120,437
+62,108
| +106% | +$1.39M |
|
37
Honeywell
HON
$74.6B
| $3M | 0.7% |
14,960
| – | – |
|
38
AbbVie
ABBV
$440B
| $2.99M | 0.69% |
27,900
| – | – |
|
39
Ford
F
$55.1B
| $2.86M | 0.66% |
325,000
| – | – |
|
40
Biogen
BIIB
$30.9B
| $2.82M | 0.65% |
11,500
| – | – |
|
41
Eli Lilly
LLY
$1.09T
| $2.72M | 0.63% |
16,100
| – | – |
|
42
AT&T
T
$166B
| $2.69M | 0.63% |
124,044
| – | – |
|
43
Wells Fargo
WFC
$269B
| $2.66M | 0.62% |
88,052
| – | – |
|
44
Lowe's Companies
LOW
$121B
| $2.46M | 0.57% |
15,320
| – | – |
|
45
Pinnacle West Capital
PNW
$12.2B
| $2.4M | 0.56% |
30,000
| – | – |
|
|
WBA
46
DELISTED
Walgreens Boots Alliance
WBA
| $2.39M | 0.56% |
60,000
| – | – |
|
47
Baxter International
BAX
$13.9B
| $2.33M | 0.54% |
29,000
| – | – |
|
|
SIVB
48
DELISTED
SVB Financial Group
SIVB
| $2.33M | 0.54% |
6,000
| – | – |
|
49
Starbucks
SBUX
$124B
| $2.25M | 0.52% |
21,000
| – | – |
|
50
Bristol-Myers Squibb
BMY
$130B
| $2.23M | 0.52% |
35,899
| – | – |
|
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Gifford Fong Associates's Q4 2020 Portfolio in Review
As of Q4 2020, Gifford Fong Associates held 136 positions worth $431M, up 15% from $373M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 2.9%. Gifford Fong Associates opened 4 new positions and made no exits, leaving the 136-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2020 buy was Shopify: 70,000 shares worth $7.92M.
- Gifford Fong Associates added most to Salesforce in Q4 2020, an estimated $7.93M increase.
- Gifford Fong Associates's biggest Q4 2020 reduction was Tesla, cutting an estimated $12.6M.
- Gifford Fong Associates's ten largest holdings make up 44% of its $431M portfolio in Q4 2020.
- Gifford Fong Associates opened 4 new positions and closed 0 in Q4 2020.
- Gifford Fong Associates's portfolio value rose 15% quarter-over-quarter to $431M.
Based on Gifford Fong Associates's 13F filing for Q4 2020, filed 1 Mar 2021.