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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
+13.22%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$470M
AUM Growth
+$52M
Cap. Flow
+$1.83M
Cap. Flow %
0.39%
Top 10 Hldgs %
41.61%
Holding
141
New
–
Increased
1
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$2.34M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$509K

Sector Composition

Rank Sector Weight
1 Technology 34.37%
2 Financials 18.36%
3 Healthcare 10.6%
4 Communication Services 9.58%
5 Industrials 8.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVZ icon
26
Invesco
IVZ
$13.9B
$4.56M 0.97%
255,393
– –
JNJ icon
27
Johnson & Johnson
JNJ
$629B
$4.53M 0.96%
28,900
– –
V icon
28
Visa
V
$671B
$4.52M 0.96%
17,375
– –
MRO
29
DELISTED
Marathon Oil Corporation
MRO
$4.46M 0.95%
184,728
– –
WFC icon
30
Wells Fargo
WFC
$269B
$4.33M 0.92%
88,052
– –
ABBV icon
31
AbbVie
ABBV
$440B
$4.32M 0.92%
27,900
– –
F icon
32
Ford
F
$55.1B
$4.21M 0.89%
345,157
– –
AMGN icon
33
Amgen
AMGN
$225B
$3.92M 0.83%
13,609
– –
CMCSA icon
34
Comcast
CMCSA
$90.4B
$3.86M 0.82%
88,000
– –
VZ icon
35
Verizon
VZ
$195B
$3.71M 0.79%
98,263
– –
WMT icon
36
Walmart Inc
WMT
$923B
$3.44M 0.73%
65,550
– –
LOW icon
37
Lowe's Companies
LOW
$121B
$3.41M 0.73%
15,320
– –
TSLA icon
38
Tesla
TSLA
$1.29T
$3.38M 0.72%
13,604
– –
CVX icon
39
Chevron
CVX
$386B
$3.31M 0.7%
22,200
– –
PFE icon
40
Pfizer
PFE
$150B
$3.21M 0.68%
111,527
– –
C icon
41
Citigroup
C
$231B
$3.16M 0.67%
61,471
– –
PXD
42
DELISTED
Pioneer Natural Resource Co.
PXD
$3.15M 0.67%
14,000
+10,000
+250% +$2.34M
GS icon
43
Goldman Sachs
GS
$302B
$3.09M 0.66%
8,000
– –
BIIB icon
44
Biogen
BIIB
$30.9B
$2.98M 0.63%
11,500
– –
HON icon
45
Honeywell
HON
$74.6B
$2.96M 0.63%
14,960
– –
XOM icon
46
ExxonMobil
XOM
$657B
$2.95M 0.63%
29,539
– –
MS icon
47
Morgan Stanley
MS
$342B
$2.8M 0.6%
30,000
– –
GILD icon
48
Gilead Sciences
GILD
$168B
$2.75M 0.59%
34,000
– –
FHN icon
49
First Horizon
FHN
$12.3B
$2.55M 0.54%
180,082
– –
MRK icon
50
Merck
MRK
$328B
$2.5M 0.53%
22,900
– –
1
2
3 4 5

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Gifford Fong Associates's Q4 2023 Portfolio in Review

As of Q4 2023, Gifford Fong Associates held 141 positions worth $470M, up 12% from $418M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 0.71%. Gifford Fong Associates opened no new positions and exited 1, leaving the 141-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 33% a quarter earlier, followed by Financials and Healthcare.

  • Gifford Fong Associates added most to Pioneer Natural Resource Co. in Q4 2023, an estimated $2.34M increase.
  • Gifford Fong Associates fully exited VMware, Inc in Q4 2023, selling an estimated $509K.
  • Gifford Fong Associates's ten largest holdings make up 42% of its $470M portfolio in Q4 2023.
  • Gifford Fong Associates opened 0 new positions and closed 1 in Q4 2023.
  • Gifford Fong Associates's portfolio value rose 12% quarter-over-quarter to $470M.

Based on Gifford Fong Associates's 13F filing for Q4 2023, filed 7 Feb 2024.