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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
-0.17%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$306M
AUM Growth
+$6.86M
(+2.3%)
Cap. Flow
+$8.77M
Cap. Flow
% of AUM
2.87%
Top 10 Holdings %
Top 10 Hldgs %
38.88%
Holding
124
New
3
Increased
7
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$8.41M |
| 2 |
Walt Disney
DIS
|
+$4.84M |
| 3 |
Advanced Micro Devices
AMD
|
+$2.5M |
| 4 |
Meta Platforms (Facebook)
META
|
+$1.9M |
| 5 |
Amazon
AMZN
|
+$1.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$8.64M |
| 2 |
AT&T
T
|
+$3.51M |
| 3 |
American International
AIG
|
+$1.38M |
| 4 |
Micron Technology
MU
|
+$1.13M |
| 5 |
Transocean
RIG
|
+$531K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.32% |
| 2 | Technology | 19.61% |
| 3 | Communication Services | 12.12% |
| 4 | Consumer Discretionary | 11.69% |
| 5 | Industrials | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Goldman Sachs
GS
$302B
| $1.66M | 0.54% |
8,000
| – | – |
|
52
Abbott
ABT
$192B
| $1.62M | 0.53% |
19,400
| – | – |
|
53
Automatic Data Processing
ADP
$107B
| $1.61M | 0.53% |
10,000
| – | – |
|
54
3M
MMM
$94.8B
| $1.6M | 0.52% |
11,661
| – | – |
|
55
Allstate
ALL
$64.7B
| $1.5M | 0.49% |
13,800
| – | – |
|
56
Salesforce
CRM
$158B
| $1.48M | 0.49% |
+10,000
| New | +$1.52M |
|
57
TJX Companies
TJX
$169B
| $1.45M | 0.47% |
26,000
| – | – |
|
58
United Parcel Service
UPS
$88.4B
| $1.41M | 0.46% |
11,800
| – | – |
|
59
Nike
NKE
$60.1B
| $1.41M | 0.46% |
15,000
| – | – |
|
60
PNC Financial Services
PNC
$102B
| $1.4M | 0.46% |
10,000
| – | – |
|
61
RTX Corp
RTX
$300B
| $1.36M | 0.45% |
15,890
| – | – |
|
62
Cisco
CSCO
$488B
| $1.31M | 0.43% |
26,540
| – | – |
|
63
American Express
AXP
$232B
| $1.3M | 0.43% |
11,000
| – | – |
|
64
Qualcomm
QCOM
$171B
| $1.3M | 0.42% |
17,000
| – | – |
|
65
Morgan Stanley
MS
$342B
| $1.28M | 0.42% |
30,000
| – | – |
|
66
Philip Morris
PM
$290B
| $1.27M | 0.41% |
16,700
| – | – |
|
|
SIVB
67
DELISTED
SVB Financial Group
SIVB
| $1.25M | 0.41% |
6,000
| – | – |
|
68
Public Storage
PSA
$60.4B
| $1.23M | 0.4% |
5,000
| – | – |
|
|
69
AT&T
T
$166B
| $1.22M | 0.4% |
42,688
-132,400
| -76% | -$3.51M |
|
70
Prudential Financial
PRU
$42.3B
| $1.21M | 0.4% |
13,500
| – | – |
|
71
Costco
COST
$421B
| $1.21M | 0.4% |
4,200
| – | – |
|
72
Simon Property Group
SPG
$71.4B
| $1.09M | 0.36% |
7,000
| – | – |
|
73
Aflac
AFL
$60.5B
| $1.08M | 0.35% |
20,600
| – | – |
|
|
74
American International
AIG
$39.8B
| $1.06M | 0.35% |
19,100
-25,000
| -57% | -$1.38M |
|
75
Travelers Companies
TRV
$77.2B
| $1.04M | 0.34% |
7,000
| – | – |
|
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Gifford Fong Associates's Q3 2019 Portfolio in Review
As of Q3 2019, Gifford Fong Associates held 124 positions worth $306M, up 2.3% from $299M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 2.4%. Gifford Fong Associates opened 3 new positions and made no exits, leaving the 124-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 25% a quarter earlier, followed by Technology and Communication Services.
- Gifford Fong Associates's largest Q3 2019 buy was Salesforce: 10,000 shares worth $1.48M.
- Gifford Fong Associates added most to NVIDIA in Q3 2019, an estimated $8.41M increase.
- Gifford Fong Associates's biggest Q3 2019 reduction was Amgen, cutting an estimated $8.64M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $306M portfolio in Q3 2019.
- Gifford Fong Associates opened 3 new positions and closed 0 in Q3 2019.
- Gifford Fong Associates's portfolio value rose 2.3% quarter-over-quarter to $306M.
Based on Gifford Fong Associates's 13F filing for Q3 2019, filed 13 Nov 2019.