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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%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$408M
AUM Growth
+$7.57M
(+1.9%)
Cap. Flow
-$6.55M
Cap. Flow
% of AUM
-1.61%
Top 10 Holdings %
Top 10 Hldgs %
38.02%
Holding
128
New
–
Increased
3
Reduced
1
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$3.03M |
| 2 |
ConocoPhillips
COP
|
+$2.68M |
| 3 |
Solventum
SOLV
|
+$70 |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$8.89M |
| 2 |
MRO
Marathon Oil Corporation
MRO
|
+$2.64M |
| 3 |
Manulife Financial
MFC
|
+$739K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.77% |
| 2 | Financials | 22.9% |
| 3 | Communication Services | 11.26% |
| 4 | Consumer Discretionary | 9.17% |
| 5 | Healthcare | 8.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Citigroup
C
$231B
| $4.33M | 1.06% |
61,471
| – | – |
|
27
Johnson & Johnson
JNJ
$629B
| $4.18M | 1.03% |
28,900
| – | – |
|
|
28
ConocoPhillips
COP
$153B
| $4.09M | 1% |
41,281
+25,281
| +158% | +$2.68M |
|
29
Walt Disney
DIS
$178B
| $4.05M | 0.99% |
36,407
| – | – |
|
30
Lowe's Companies
LOW
$121B
| $3.78M | 0.93% |
15,320
| – | – |
|
31
Morgan Stanley
MS
$342B
| $3.77M | 0.93% |
30,000
| – | – |
|
32
Pitney Bowes
PBI
$2.28B
| $3.7M | 0.91% |
511,059
| – | – |
|
33
Verizon
VZ
$195B
| $3.69M | 0.91% |
92,263
| – | – |
|
34
First Horizon
FHN
$12.3B
| $3.63M | 0.89% |
180,082
| – | – |
|
35
Amgen
AMGN
$225B
| $3.55M | 0.87% |
13,609
| – | – |
|
36
Ford
F
$55.1B
| $3.42M | 0.84% |
345,157
| – | – |
|
37
Comcast
CMCSA
$90.4B
| $3.3M | 0.81% |
88,000
| – | – |
|
38
AT&T
T
$166B
| $3.27M | 0.8% |
143,689
| – | – |
|
39
American Express
AXP
$232B
| $3.27M | 0.8% |
11,000
| – | – |
|
40
Chevron
CVX
$386B
| $3.21M | 0.79% |
22,200
| – | – |
|
41
Honeywell
HON
$74.6B
| $3.19M | 0.78% |
14,960
| – | – |
|
42
GE Vernova
GEV
$277B
| $3.15M | 0.77% |
9,575
| – | – |
|
43
Gilead Sciences
GILD
$168B
| $3.14M | 0.77% |
34,000
| – | – |
|
44
TJX Companies
TJX
$169B
| $3.14M | 0.77% |
26,000
| – | – |
|
45
UnitedHealth
UNH
$364B
| $2.99M | 0.73% |
5,918
| – | – |
|
46
Pfizer
PFE
$150B
| $2.96M | 0.73% |
111,527
| – | – |
|
47
Automatic Data Processing
ADP
$107B
| $2.93M | 0.72% |
10,000
| – | – |
|
48
Franklin Resources
BEN
$17.1B
| $2.85M | 0.7% |
140,480
| – | – |
|
49
Caterpillar
CAT
$393B
| $2.83M | 0.69% |
7,800
| – | – |
|
50
Tesla
TSLA
$1.29T
| $2.74M | 0.67% |
6,782
| – | – |
|
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Gifford Fong Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Gifford Fong Associates held 128 positions worth $408M, up 1.9% from $400M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Trading was light in Q4 2024: portfolio turnover was 1.6%. Gifford Fong Associates opened no new positions and exited 2, leaving the 128-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Occidental Petroleum in Q4 2024, an estimated $3.03M increase.
- Gifford Fong Associates's biggest Q4 2024 reduction was NVIDIA, cutting an estimated $8.89M.
- Gifford Fong Associates fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $2.64M.
- Gifford Fong Associates's ten largest holdings make up 38% of its $408M portfolio in Q4 2024.
- Gifford Fong Associates opened 0 new positions and closed 2 in Q4 2024.
- Gifford Fong Associates's portfolio value rose 1.9% quarter-over-quarter to $408M.
Based on Gifford Fong Associates's 13F filing for Q4 2024, filed 12 Feb 2025.