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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
+9.27%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$465M
AUM Growth
+$34.4M
(+8%)
Cap. Flow
+$2.43M
Cap. Flow
% of AUM
0.52%
Top 10 Holdings %
Top 10 Hldgs %
41.83%
Holding
138
New
2
Increased
1
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spotify
SPOT
|
+$1.56M |
| 2 |
AT&T
T
|
+$1.46M |
| 3 |
International Flavors & Fragrances
IFF
|
+$479K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EV
Eaton Vance Corp.
EV
|
+$679K |
| 2 |
DuPont de Nemours
DD
|
+$394K |
| 3 |
CHK
Chesapeake Energy Corporation
CHK
|
+$2K |
| 4 |
AIG.WS
American International Group, Inc.
AIG.WS
|
+$1K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.71% |
| 2 | Financials | 22.63% |
| 3 | Communication Services | 12.83% |
| 4 | Healthcare | 10.78% |
| 5 | Consumer Discretionary | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Boeing
BA
$183B
| $4.77M | 1.02% |
18,710
| – | – |
|
27
Comcast
CMCSA
$90.4B
| $4.76M | 1.02% |
88,000
| – | – |
|
28
Johnson & Johnson
JNJ
$629B
| $4.75M | 1.02% |
28,900
| – | – |
|
29
Invesco
IVZ
$13.9B
| $4.68M | 1.01% |
185,393
| – | – |
|
30
Pfizer
PFE
$150B
| $4.52M | 0.97% |
124,729
| – | – |
|
31
Emerson Electric
EMR
$91.4B
| $4.51M | 0.97% |
50,000
| – | – |
|
32
Citigroup
C
$231B
| $4.47M | 0.96% |
61,471
| – | – |
|
33
GE Aerospace
GE
$379B
| $4.42M | 0.95% |
67,473
| – | – |
|
|
34
AT&T
T
$166B
| $4.35M | 0.93% |
190,244
+66,200
| +53% | +$1.46M |
|
35
Pitney Bowes
PBI
$2.28B
| $4.21M | 0.91% |
511,059
| – | – |
|
36
Ford
F
$55.1B
| $3.98M | 0.86% |
325,000
| – | – |
|
37
Meta Platforms (Facebook)
META
$1.47T
| $3.68M | 0.79% |
12,500
| – | – |
|
38
Franklin Resources
BEN
$17.1B
| $3.56M | 0.77% |
120,437
| – | – |
|
39
Wells Fargo
WFC
$269B
| $3.44M | 0.74% |
88,052
| – | – |
|
|
WBA
40
DELISTED
Walgreens Boots Alliance
WBA
| $3.29M | 0.71% |
60,000
| – | – |
|
41
Biogen
BIIB
$30.9B
| $3.22M | 0.69% |
11,500
| – | – |
|
42
Bausch Health
BHC
$2.32B
| $3.17M | 0.68% |
100,000
| – | – |
|
43
Honeywell
HON
$74.6B
| $3.06M | 0.66% |
14,960
| – | – |
|
44
AbbVie
ABBV
$440B
| $3.02M | 0.65% |
27,900
| – | – |
|
45
Eli Lilly
LLY
$1.09T
| $3.01M | 0.65% |
16,100
| – | – |
|
|
SIVB
46
DELISTED
SVB Financial Group
SIVB
| $2.96M | 0.64% |
6,000
| – | – |
|
47
Lowe's Companies
LOW
$121B
| $2.91M | 0.63% |
15,320
| – | – |
|
48
Goldman Sachs
GS
$302B
| $2.62M | 0.56% |
8,000
| – | – |
|
49
Baxter International
BAX
$13.9B
| $2.45M | 0.53% |
29,000
| – | – |
|
50
Pinnacle West Capital
PNW
$12.2B
| $2.44M | 0.52% |
30,000
| – | – |
|
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Gifford Fong Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Gifford Fong Associates held 138 positions worth $465M, up 8% from $431M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q1 2021: portfolio turnover was 3.6%. Gifford Fong Associates opened 2 new positions and exited 3, leaving the 138-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q1 2021 buy was Spotify: 5,000 shares worth $1.34M.
- Gifford Fong Associates added most to AT&T in Q1 2021, an estimated $1.46M increase.
- Gifford Fong Associates's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $394K.
- Gifford Fong Associates fully exited Eaton Vance Corp. in Q1 2021, selling an estimated $679K.
- Gifford Fong Associates's ten largest holdings make up 42% of its $465M portfolio in Q1 2021.
- Gifford Fong Associates opened 2 new positions and closed 3 in Q1 2021.
- Gifford Fong Associates's portfolio value rose 8% quarter-over-quarter to $465M.
Based on Gifford Fong Associates's 13F filing for Q1 2021, filed 12 May 2021.