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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
+13.1%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$572M
AUM Growth
+$56.9M
(+11%)
Cap. Flow
+$1.79M
Cap. Flow
% of AUM
0.31%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
139
New
3
Increased
2
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ford
F
|
+$920K |
| 2 |
Transocean
RIG
|
+$679K |
| 3 |
VMW
VMware, Inc
VMW
|
+$402K |
| 4 |
Franklin Resources
BEN
|
+$180K |
| 5 |
Kyndryl
KD
|
+$51.4K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.28% |
| 2 | Financials | 19.4% |
| 3 | Communication Services | 11.55% |
| 4 | Consumer Discretionary | 10.87% |
| 5 | Healthcare | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Johnson & Johnson
JNJ
$629B
| $4.94M | 0.86% |
28,900
| – | – |
|
27
First Horizon
FHN
$12.3B
| $4.9M | 0.86% |
300,000
| – | – |
|
28
Emerson Electric
EMR
$91.4B
| $4.65M | 0.81% |
50,000
| – | – |
|
29
Eli Lilly
LLY
$1.09T
| $4.45M | 0.78% |
16,100
| – | – |
|
30
Comcast
CMCSA
$90.4B
| $4.43M | 0.77% |
88,000
| – | – |
|
31
Invesco
IVZ
$13.9B
| $4.27M | 0.75% |
185,393
| – | – |
|
32
Wells Fargo
WFC
$269B
| $4.22M | 0.74% |
88,052
| – | – |
|
33
Meta Platforms (Facebook)
META
$1.47T
| $4.2M | 0.74% |
12,500
| – | – |
|
|
SIVB
34
DELISTED
SVB Financial Group
SIVB
| $4.07M | 0.71% |
6,000
| – | – |
|
35
GE Aerospace
GE
$379B
| $3.97M | 0.69% |
67,473
| – | – |
|
36
Lowe's Companies
LOW
$121B
| $3.96M | 0.69% |
15,320
| – | – |
|
37
Verizon
VZ
$195B
| $3.81M | 0.67% |
73,263
| – | – |
|
38
AbbVie
ABBV
$440B
| $3.78M | 0.66% |
27,900
| – | – |
|
39
Boeing
BA
$183B
| $3.77M | 0.66% |
18,710
| – | – |
|
40
Citigroup
C
$231B
| $3.71M | 0.65% |
61,471
| – | – |
|
41
AT&T
T
$166B
| $3.54M | 0.62% |
190,244
| – | – |
|
42
Pitney Bowes
PBI
$2.28B
| $3.39M | 0.59% |
511,059
| – | – |
|
|
WBA
43
DELISTED
Walgreens Boots Alliance
WBA
| $3.13M | 0.55% |
60,000
| – | – |
|
44
Goldman Sachs
GS
$302B
| $3.06M | 0.54% |
8,000
| – | – |
|
|
MRO
45
DELISTED
Marathon Oil Corporation
MRO
| $3.03M | 0.53% |
184,728
| – | – |
|
46
Tesla
TSLA
$1.29T
| $3.03M | 0.53% |
8,604
| – | – |
|
47
Morgan Stanley
MS
$342B
| $2.94M | 0.52% |
30,000
| – | – |
|
48
Honeywell
HON
$74.6B
| $2.94M | 0.51% |
14,960
| – | – |
|
49
Bausch Health
BHC
$2.32B
| $2.76M | 0.48% |
100,000
| – | – |
|
50
Biogen
BIIB
$30.9B
| $2.76M | 0.48% |
11,500
| – | – |
|
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Gifford Fong Associates's Q4 2021 Portfolio in Review
As of Q4 2021, Gifford Fong Associates held 139 positions worth $572M, up 11% from $515M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Trading was light in Q4 2021: portfolio turnover was 2.2%. Gifford Fong Associates opened 3 new positions and made no exits, leaving the 139-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 30% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2021 buy was VMware, Inc: 3,060 shares worth $355K.
- Gifford Fong Associates added most to Ford in Q4 2021, an estimated $920K increase.
- Gifford Fong Associates's biggest Q4 2021 reduction was Dell, cutting an estimated $377K.
- Gifford Fong Associates's ten largest holdings make up 46% of its $572M portfolio in Q4 2021.
- Gifford Fong Associates opened 3 new positions and closed 0 in Q4 2021.
- Gifford Fong Associates's portfolio value rose 11% quarter-over-quarter to $572M.
Based on Gifford Fong Associates's 13F filing for Q4 2021, filed 9 Feb 2022.