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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
+5.73%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$377M
AUM Growth
+$14.8M
(+4.1%)
Cap. Flow
+$1.85M
Cap. Flow
% of AUM
0.49%
Top 10 Holdings %
Top 10 Hldgs %
39.48%
Holding
129
New
2
Increased
2
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$3.79M |
| 2 |
Franklin Resources
BEN
|
+$1.81M |
| 3 |
GE Vernova
GEV
|
+$1.52M |
| 4 |
Solventum
SOLV
|
+$148K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$3.67M |
| 2 |
GE Aerospace
GE
|
+$1.55M |
| 3 |
3M
MMM
|
+$186K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.82% |
| 2 | Financials | 21.05% |
| 3 | Communication Services | 10.87% |
| 4 | Consumer Discretionary | 8.84% |
| 5 | Healthcare | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Citigroup
C
$231B
| $3.9M | 1.03% |
61,471
| – | – |
|
27
Invesco
IVZ
$13.9B
| $3.82M | 1.01% |
255,393
| – | – |
|
28
Verizon
VZ
$195B
| $3.81M | 1.01% |
92,263
| – | – |
|
29
Goldman Sachs
GS
$302B
| $3.62M | 0.96% |
8,000
| – | – |
|
30
Walt Disney
DIS
$178B
| $3.62M | 0.96% |
36,407
| – | – |
|
31
Chevron
CVX
$386B
| $3.47M | 0.92% |
22,200
| – | – |
|
32
Comcast
CMCSA
$90.4B
| $3.45M | 0.91% |
88,000
| – | – |
|
33
Lowe's Companies
LOW
$121B
| $3.38M | 0.89% |
15,320
| – | – |
|
|
34
Franklin Resources
BEN
$17.1B
| $3.14M | 0.83% |
140,480
+75,000
| +115% | +$1.81M |
|
35
Pfizer
PFE
$150B
| $3.12M | 0.83% |
111,527
| – | – |
|
36
UnitedHealth
UNH
$364B
| $3.01M | 0.8% |
5,918
| – | – |
|
37
Honeywell
HON
$74.6B
| $3.01M | 0.8% |
14,960
| – | – |
|
38
Morgan Stanley
MS
$342B
| $2.92M | 0.77% |
30,000
| – | – |
|
39
TJX Companies
TJX
$169B
| $2.86M | 0.76% |
26,000
| – | – |
|
|
MRO
40
DELISTED
Marathon Oil Corporation
MRO
| $2.84M | 0.75% |
99,143
| – | – |
|
41
First Horizon
FHN
$12.3B
| $2.84M | 0.75% |
180,082
| – | – |
|
42
Merck
MRK
$328B
| $2.83M | 0.75% |
22,900
| – | – |
|
43
AT&T
T
$166B
| $2.75M | 0.73% |
143,689
| – | – |
|
44
Micron Technology
MU
$1.03T
| $2.6M | 0.69% |
19,800
| – | – |
|
45
Caterpillar
CAT
$393B
| $2.6M | 0.69% |
7,800
| – | – |
|
46
Pitney Bowes
PBI
$2.28B
| $2.6M | 0.69% |
511,059
| – | – |
|
47
American Express
AXP
$232B
| $2.55M | 0.67% |
11,000
| – | – |
|
48
Automatic Data Processing
ADP
$107B
| $2.39M | 0.63% |
10,000
| – | – |
|
49
Coca-Cola
KO
$373B
| $2.35M | 0.62% |
37,000
| – | – |
|
50
Gilead Sciences
GILD
$168B
| $2.33M | 0.62% |
34,000
| – | – |
|
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Gifford Fong Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Gifford Fong Associates held 129 positions worth $377M, up 4.1% from $363M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2024: portfolio turnover was 2.3%. Gifford Fong Associates opened 2 new positions and exited 1, leaving the 129-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q2 2024 buy was GE Vernova: 9,575 shares worth $1.64M.
- Gifford Fong Associates added most to ExxonMobil in Q2 2024, an estimated $3.79M increase.
- Gifford Fong Associates's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $1.55M.
- Gifford Fong Associates fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $3.67M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $377M portfolio in Q2 2024.
- Gifford Fong Associates opened 2 new positions and closed 1 in Q2 2024.
- Gifford Fong Associates's portfolio value rose 4.1% quarter-over-quarter to $377M.
Based on Gifford Fong Associates's 13F filing for Q2 2024, filed 12 Aug 2024.