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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
-1.45%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$402M
AUM Growth
-$5.58M
Cap. Flow
+$7.78M
Cap. Flow %
1.93%
Top 10 Hldgs %
35.9%
Holding
126
New
–
Increased
1
Reduced
–
Closed
–

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$7.78M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Technology 27%
2 Financials 23.56%
3 Communication Services 10.93%
4 Healthcare 9%
5 Consumer Discretionary 8.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
26
Goldman Sachs
GS
$302B
$4.37M 1.09%
8,000
– –
C icon
27
Citigroup
C
$231B
$4.36M 1.09%
61,471
– –
COP icon
28
ConocoPhillips
COP
$153B
$4.33M 1.08%
41,281
– –
AMGN icon
29
Amgen
AMGN
$225B
$4.24M 1.05%
13,609
– –
VZ icon
30
Verizon
VZ
$195B
$4.18M 1.04%
92,263
– –
T icon
31
AT&T
T
$166B
$4.06M 1.01%
143,689
– –
IVZ icon
32
Invesco
IVZ
$13.9B
$3.87M 0.96%
255,393
– –
GILD icon
33
Gilead Sciences
GILD
$168B
$3.81M 0.95%
34,000
– –
CVX icon
34
Chevron
CVX
$386B
$3.71M 0.92%
22,200
– –
DIS icon
35
Walt Disney
DIS
$178B
$3.59M 0.89%
36,407
– –
LOW icon
36
Lowe's Companies
LOW
$121B
$3.57M 0.89%
15,320
– –
MS icon
37
Morgan Stanley
MS
$342B
$3.5M 0.87%
30,000
– –
FHN icon
38
First Horizon
FHN
$12.3B
$3.5M 0.87%
180,082
– –
F icon
39
Ford
F
$55.1B
$3.46M 0.86%
345,157
– –
CMCSA icon
40
Comcast
CMCSA
$90.4B
$3.25M 0.81%
88,000
– –
TJX icon
41
TJX Companies
TJX
$169B
$3.17M 0.79%
26,000
– –
UNH icon
42
UnitedHealth
UNH
$364B
$3.1M 0.77%
5,918
– –
ADP icon
43
Automatic Data Processing
ADP
$107B
$3.06M 0.76%
10,000
– –
HON icon
44
Honeywell
HON
$74.6B
$2.99M 0.74%
14,960
– –
AXP icon
45
American Express
AXP
$232B
$2.96M 0.74%
11,000
– –
IBM icon
46
IBM
IBM
$222B
$2.96M 0.74%
11,900
– –
GEV icon
47
GE Vernova
GEV
$277B
$2.92M 0.73%
9,575
– –
ALL icon
48
Allstate
ALL
$64.7B
$2.86M 0.71%
13,800
– –
PNW icon
49
Pinnacle West Capital
PNW
$12.2B
$2.86M 0.71%
30,000
– –
PFE icon
50
Pfizer
PFE
$150B
$2.83M 0.7%
111,527
– –
1
2
3 4 5

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Gifford Fong Associates's Q1 2025 Portfolio in Review

As of Q1 2025, Gifford Fong Associates held 126 positions worth $402M, down 1.4% from $408M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Trading was light in Q1 2025: portfolio turnover was 0%. Gifford Fong Associates opened no new positions and made no exits, leaving the 126-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Financials and Communication Services.

  • Gifford Fong Associates added most to Salesforce in Q1 2025, an estimated $7.78M increase.
  • Gifford Fong Associates's ten largest holdings make up 36% of its $402M portfolio in Q1 2025.
  • Gifford Fong Associates opened 0 new positions and closed 0 in Q1 2025.
  • Gifford Fong Associates's portfolio value fell 1.4% quarter-over-quarter to $402M.

Based on Gifford Fong Associates's 13F filing for Q1 2025, filed 12 May 2025.