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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
+2.93%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$299M
AUM Growth
-$3.9M
(-1.3%)
Cap. Flow
-$9.48M
Cap. Flow
% of AUM
-3.17%
Top 10 Holdings %
Top 10 Hldgs %
36.94%
Holding
121
New
2
Increased
2
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$2.45M |
| 2 |
Advanced Micro Devices
AMD
|
+$713K |
| 3 |
Dow Inc
DOW
|
+$519K |
| 4 |
Corteva
CTVA
|
+$264K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$4.87M |
| 2 |
Emerson Electric
EMR
|
+$3.35M |
| 3 |
JPMorgan Chase
JPM
|
+$2.76M |
| 4 |
Walt Disney
DIS
|
+$1.99M |
| 5 |
DuPont de Nemours
DD
|
+$455K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.18% |
| 2 | Technology | 15.31% |
| 3 | Healthcare | 12.25% |
| 4 | Consumer Discretionary | 12.09% |
| 5 | Communication Services | 11.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Goldman Sachs
GS
$305B
| $1.64M | 0.55% |
8,000
| – | – |
|
52
Abbott
ABT
$189B
| $1.63M | 0.55% |
19,400
| – | – |
|
53
Bristol-Myers Squibb
BMY
$130B
| $1.63M | 0.54% |
35,899
| – | – |
|
54
Transocean
RIG
$6.34B
| $1.6M | 0.54% |
250,000
| – | – |
|
55
Lowe's Companies
LOW
$124B
| $1.55M | 0.52% |
15,320
| – | – |
|
56
Cisco
CSCO
$484B
| $1.45M | 0.49% |
26,540
| – | – |
|
57
Allstate
ALL
$66.7B
| $1.4M | 0.47% |
13,800
| – | – |
|
58
TJX Companies
TJX
$171B
| $1.38M | 0.46% |
26,000
| – | – |
|
59
PNC Financial Services
PNC
$101B
| $1.37M | 0.46% |
10,000
| – | – |
|
60
Prudential Financial
PRU
$42.2B
| $1.36M | 0.46% |
13,500
| – | – |
|
61
American Express
AXP
$231B
| $1.36M | 0.45% |
11,000
| – | – |
|
|
SIVB
62
DELISTED
SVB Financial Group
SIVB
| $1.35M | 0.45% |
6,000
| – | – |
|
63
Morgan Stanley
MS
$343B
| $1.31M | 0.44% |
30,000
| – | – |
|
64
Philip Morris
PM
$289B
| $1.31M | 0.44% |
16,700
| – | – |
|
65
AbbVie
ABBV
$439B
| $1.3M | 0.44% |
17,900
| – | – |
|
66
RTX Corp
RTX
$298B
| $1.3M | 0.44% |
15,890
| – | – |
|
67
Qualcomm
QCOM
$173B
| $1.29M | 0.43% |
17,000
| – | – |
|
68
Nike
NKE
$61.1B
| $1.26M | 0.42% |
15,000
| – | – |
|
69
United Parcel Service
UPS
$88.5B
| $1.22M | 0.41% |
11,800
| – | – |
|
70
Public Storage
PSA
$60.6B
| $1.19M | 0.4% |
5,000
| – | – |
|
71
Aflac
AFL
$60.7B
| $1.13M | 0.38% |
20,600
| – | – |
|
72
Simon Property Group
SPG
$71.4B
| $1.12M | 0.37% |
7,000
| – | – |
|
73
Costco
COST
$419B
| $1.11M | 0.37% |
4,200
| – | – |
|
74
Caterpillar
CAT
$394B
| $1.06M | 0.36% |
7,800
| – | – |
|
75
Travelers Companies
TRV
$78.9B
| $1.05M | 0.35% |
7,000
| – | – |
|
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Gifford Fong Associates's Q2 2019 Portfolio in Review
As of Q2 2019, Gifford Fong Associates held 121 positions worth $299M, down 1.3% from $303M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Gifford Fong Associates withdrew a net $9.48M in Q2 2019, reducing 5 holdings. Its largest reduction was Apple, cutting an estimated $4.87M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Gifford Fong Associates opened a new position in Dow Inc worth $485K.
- Gifford Fong Associates's largest Q2 2019 buy was Dow Inc: 9,828 shares worth $485K.
- Gifford Fong Associates added most to Amgen in Q2 2019, an estimated $2.45M increase.
- Gifford Fong Associates's biggest Q2 2019 reduction was Apple, cutting an estimated $4.87M.
- Gifford Fong Associates's ten largest holdings make up 37% of its $299M portfolio in Q2 2019.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q2 2019.
- Gifford Fong Associates's portfolio value fell 1.3% quarter-over-quarter to $299M.
Based on Gifford Fong Associates's 13F filing for Q2 2019, filed 8 Aug 2019.