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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
+16.09%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$380M
AUM Growth
-$56.3M
(-13%)
Cap. Flow
-$98.9M
Cap. Flow
% of AUM
-26.04%
Top 10 Holdings %
Top 10 Hldgs %
36.23%
Holding
141
New
2
Increased
1
Reduced
21
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE HealthCare
GEHC
|
+$1.36M |
| 2 |
Occidental Petroleum
OXY
|
+$621K |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$322K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$15.1M |
| 2 |
NVIDIA
NVDA
|
+$14.1M |
| 3 |
Microsoft
MSFT
|
+$8.99M |
| 4 |
Amazon
AMZN
|
+$8.64M |
| 5 |
Bank of America
BAC
|
+$7.32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.06% |
| 2 | Financials | 18.78% |
| 3 | Healthcare | 12.48% |
| 4 | Communication Services | 9.82% |
| 5 | Industrials | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Costco
COST
$421B
| $4.24M | 1.12% |
8,524
-5,676
| -40% | -$2.78M |
|
27
Intel
INTC
$509B
| $4.17M | 1.1% |
127,628
| – | – |
|
28
Boeing
BA
$183B
| $3.98M | 1.05% |
18,710
| – | – |
|
29
Visa
V
$671B
| $3.92M | 1.03% |
17,375
-12,425
| -42% | -$2.77M |
|
30
Synchrony
SYF
$25.8B
| $3.84M | 1.01% |
132,073
| – | – |
|
31
Verizon
VZ
$195B
| $3.82M | 1.01% |
98,263
| – | – |
|
32
Chevron
CVX
$386B
| $3.62M | 0.95% |
22,200
| – | – |
|
33
Shopify
SHOP
$194B
| $3.36M | 0.88% |
70,000
| – | – |
|
34
Comcast
CMCSA
$90.4B
| $3.34M | 0.88% |
88,000
| – | – |
|
35
Wells Fargo
WFC
$269B
| $3.29M | 0.87% |
88,052
| – | – |
|
36
Amgen
AMGN
$225B
| $3.29M | 0.87% |
13,609
-9,062
| -40% | -$2.22M |
|
37
ExxonMobil
XOM
$657B
| $3.24M | 0.85% |
29,539
| – | – |
|
38
Walmart Inc
WMT
$923B
| $3.22M | 0.85% |
65,550
-43,650
| -40% | -$2.07M |
|
39
First Horizon
FHN
$12.3B
| $3.2M | 0.84% |
180,082
-119,918
| -40% | -$2.67M |
|
40
Biogen
BIIB
$30.9B
| $3.2M | 0.84% |
11,500
| – | – |
|
41
Lowe's Companies
LOW
$121B
| $3.06M | 0.81% |
15,320
| – | – |
|
42
Invesco
IVZ
$13.9B
| $3.04M | 0.8% |
185,393
| – | – |
|
43
Citigroup
C
$231B
| $2.88M | 0.76% |
61,471
| – | – |
|
44
Tesla
TSLA
$1.29T
| $2.82M | 0.74% |
13,604
| – | – |
|
45
Gilead Sciences
GILD
$168B
| $2.82M | 0.74% |
34,000
| – | – |
|
46
AT&T
T
$166B
| $2.77M | 0.73% |
143,689
| – | – |
|
47
Honeywell
HON
$74.6B
| $2.69M | 0.71% |
14,960
| – | – |
|
48
Morgan Stanley
MS
$342B
| $2.63M | 0.69% |
30,000
| – | – |
|
49
Goldman Sachs
GS
$302B
| $2.62M | 0.69% |
8,000
| – | – |
|
50
Bristol-Myers Squibb
BMY
$130B
| $2.49M | 0.66% |
35,899
| – | – |
|
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Gifford Fong Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Gifford Fong Associates held 141 positions worth $380M, down 13% from $436M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Gifford Fong Associates withdrew a net $98.9M in Q1 2023, reducing 21 holdings. Its largest reduction was Apple, cutting an estimated $15.1M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Gifford Fong Associates opened a new position in GE HealthCare worth $1.56M.
- Gifford Fong Associates's largest Q1 2023 buy was GE HealthCare: 19,012 shares worth $1.56M.
- Gifford Fong Associates added most to Occidental Petroleum in Q1 2023, an estimated $621K increase.
- Gifford Fong Associates's biggest Q1 2023 reduction was Apple, cutting an estimated $15.1M.
- Gifford Fong Associates's ten largest holdings make up 36% of its $380M portfolio in Q1 2023.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q1 2023.
- Gifford Fong Associates's portfolio value fell 13% quarter-over-quarter to $380M.
Based on Gifford Fong Associates's 13F filing for Q1 2023, filed 10 May 2023.