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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
-5.74%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$404M
AUM Growth
-$24.9M
(-5.8%)
Cap. Flow
+$4.27M
Cap. Flow
% of AUM
1.06%
Top 10 Holdings %
Top 10 Hldgs %
42.46%
Holding
140
New
1
Increased
3
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$1.7M |
| 2 |
Verizon
VZ
|
+$1.11M |
| 3 |
Lumen
LUMN
|
+$1.02M |
| 4 |
Manulife Financial
MFC
|
+$439K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.98% |
| 2 | Financials | 21.39% |
| 3 | Healthcare | 12.71% |
| 4 | Communication Services | 10.77% |
| 5 | Consumer Discretionary | 10.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRO
26
DELISTED
Marathon Oil Corporation
MRO
| $4.17M | 1.03% |
184,728
| – | – |
|
27
AbbVie
ABBV
$440B
| $3.74M | 0.93% |
27,900
| – | – |
|
|
28
Verizon
VZ
$195B
| $3.73M | 0.92% |
98,263
+25,000
| +34% | +$1.11M |
|
29
Synchrony
SYF
$25.8B
| $3.72M | 0.92% |
132,073
| – | – |
|
30
Emerson Electric
EMR
$91.4B
| $3.66M | 0.91% |
50,000
| – | – |
|
31
Wells Fargo
WFC
$269B
| $3.54M | 0.88% |
88,052
| – | – |
|
32
GE Aerospace
GE
$379B
| $3.53M | 0.87% |
91,550
| – | – |
|
|
33
Intel
INTC
$509B
| $3.29M | 0.81% |
127,628
+50,000
| +64% | +$1.7M |
|
34
Chevron
CVX
$386B
| $3.19M | 0.79% |
22,200
| – | – |
|
35
Biogen
BIIB
$30.9B
| $3.07M | 0.76% |
11,500
| – | – |
|
36
Lowe's Companies
LOW
$121B
| $2.88M | 0.71% |
15,320
| – | – |
|
37
Comcast
CMCSA
$90.4B
| $2.58M | 0.64% |
88,000
| – | – |
|
38
ExxonMobil
XOM
$657B
| $2.58M | 0.64% |
29,539
| – | – |
|
39
Citigroup
C
$231B
| $2.56M | 0.63% |
61,471
| – | – |
|
40
Bristol-Myers Squibb
BMY
$130B
| $2.55M | 0.63% |
35,899
| – | – |
|
41
Invesco
IVZ
$13.9B
| $2.54M | 0.63% |
185,393
| – | – |
|
42
Morgan Stanley
MS
$342B
| $2.37M | 0.59% |
30,000
| – | – |
|
43
Honeywell
HON
$74.6B
| $2.35M | 0.58% |
14,960
| – | – |
|
44
Goldman Sachs
GS
$302B
| $2.34M | 0.58% |
8,000
| – | – |
|
45
Tesla
TSLA
$1.29T
| $2.28M | 0.56% |
8,604
| – | – |
|
46
Boeing
BA
$183B
| $2.27M | 0.56% |
18,710
| – | – |
|
47
Automatic Data Processing
ADP
$107B
| $2.26M | 0.56% |
10,000
| – | – |
|
48
AT&T
T
$166B
| $2.2M | 0.55% |
143,689
| – | – |
|
49
PepsiCo
PEP
$189B
| $2.12M | 0.52% |
13,000
| – | – |
|
50
Gilead Sciences
GILD
$168B
| $2.1M | 0.52% |
34,000
| – | – |
|
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Gifford Fong Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Gifford Fong Associates held 140 positions worth $404M, down 5.8% from $429M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 0.71%. Gifford Fong Associates opened 1 new position and made no exits, leaving the 140-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q3 2022 buy was Manulife Financial: 25,000 shares worth $392K.
- Gifford Fong Associates added most to Intel in Q3 2022, an estimated $1.7M increase.
- Gifford Fong Associates's ten largest holdings make up 42% of its $404M portfolio in Q3 2022.
- Gifford Fong Associates opened 1 new position and closed 0 in Q3 2022.
- Gifford Fong Associates's portfolio value fell 5.8% quarter-over-quarter to $404M.
Based on Gifford Fong Associates's 13F filing for Q3 2022, filed 15 Nov 2022.