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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
+5.08%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$289M
AUM Growth
+$44.4M
(+18%)
Cap. Flow
+$34.7M
Cap. Flow
% of AUM
12%
Top 10 Holdings %
Top 10 Hldgs %
38.65%
Holding
113
New
37
Increased
4
Reduced
–
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$5.17M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$5.14M |
| 3 |
NVIDIA
NVDA
|
+$4.37M |
| 4 |
Bank of America
BAC
|
+$2.98M |
| 5 |
3M
MMM
|
+$1.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$6.86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.07% |
| 2 | Technology | 19.09% |
| 3 | Healthcare | 11.12% |
| 4 | Industrials | 10.51% |
| 5 | Communication Services | 10.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Lowe's Companies
LOW
$121B
| $1.46M | 0.51% |
15,320
| – | – |
|
52
Morgan Stanley
MS
$344B
| $1.42M | 0.49% |
30,000
| – | – |
|
53
PepsiCo
PEP
$188B
| $1.42M | 0.49% |
13,000
| – | – |
|
54
Eli Lilly
LLY
$1.09T
| $1.37M | 0.47% |
16,100
| – | – |
|
55
PNC Financial Services
PNC
$102B
| $1.35M | 0.47% |
10,000
| – | – |
|
56
Philip Morris
PM
$290B
| $1.35M | 0.47% |
16,700
| – | – |
|
57
Automatic Data Processing
ADP
$107B
| $1.34M | 0.46% |
10,000
| – | – |
|
58
Prudential Financial
PRU
$42.1B
| $1.26M | 0.44% |
13,500
| – | – |
|
59
Allstate
ALL
$65.4B
| $1.26M | 0.44% |
13,800
| – | – |
|
60
United Parcel Service
UPS
$88.2B
| $1.25M | 0.43% |
11,800
| – | – |
|
61
RTX Corp
RTX
$298B
| $1.25M | 0.43% |
15,890
| – | – |
|
62
TJX Companies
TJX
$170B
| $1.24M | 0.43% |
26,000
| – | – |
|
63
Nike
NKE
$60.3B
| $1.2M | 0.41% |
15,000
| – | – |
|
64
Simon Property Group
SPG
$71.5B
| $1.19M | 0.41% |
+7,000
| New | +$1.11M |
|
65
Abbott
ABT
$191B
| $1.18M | 0.41% |
19,400
| – | – |
|
66
APA Corp
APA
$14.1B
| $1.17M | 0.4% |
25,000
| – | – |
|
67
Public Storage
PSA
$60.7B
| $1.13M | 0.39% |
+5,000
| New | +$1.04M |
|
68
ConocoPhillips
COP
$151B
| $1.11M | 0.39% |
16,000
| – | – |
|
69
American Express
AXP
$230B
| $1.08M | 0.37% |
11,000
| – | – |
|
70
Caterpillar
CAT
$396B
| $1.06M | 0.37% |
+7,800
| New | +$1.17M |
|
71
Starbucks
SBUX
$122B
| $1.03M | 0.35% |
21,000
| – | – |
|
|
BNY
72
Bank of New York Mellon
BNY
$111B
| $1.02M | 0.35% |
18,872
| – | – |
|
73
Qualcomm
QCOM
$170B
| $954K | 0.33% |
17,000
| – | – |
|
74
Aflac
AFL
$60.8B
| $886K | 0.31% |
20,600
| – | – |
|
75
Texas Instruments
TXN
$253B
| $882K | 0.3% |
+8,000
| New | +$866K |
|
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Gifford Fong Associates's Q2 2018 Portfolio in Review
As of Q2 2018, Gifford Fong Associates held 113 positions worth $289M, up 18% from $245M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Gifford Fong Associates deployed $34.7M of net new capital in Q2 2018, opening 37 new positions and adding to 4 existing holdings. Its largest new stake was Alphabet (Google) Class A: 95,000 shares worth $5.36M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 26% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the most notable exit was Home Depot, an estimated $6.86M sold.
- Gifford Fong Associates's largest Q2 2018 buy was Alphabet (Google) Class A: 95,000 shares worth $5.36M.
- Gifford Fong Associates added most to Bank of America in Q2 2018, an estimated $2.98M increase.
- Gifford Fong Associates fully exited Home Depot in Q2 2018, selling an estimated $6.86M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $289M portfolio in Q2 2018.
- Gifford Fong Associates opened 37 new positions and closed 1 in Q2 2018.
- Gifford Fong Associates's portfolio value rose 18% quarter-over-quarter to $289M.
Based on Gifford Fong Associates's 13F filing for Q2 2018, filed 16 Aug 2018.