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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
+23.98%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$330M
AUM Growth
+$57.5M
(+21%)
Cap. Flow
-$3.11M
Cap. Flow
% of AUM
-0.94%
Top 10 Holdings %
Top 10 Hldgs %
43.6%
Holding
130
New
3
Increased
6
Reduced
3
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$5.73M |
| 2 |
Microsoft
MSFT
|
+$3.3M |
| 3 |
NVIDIA
NVDA
|
+$3.24M |
| 4 |
Merck
MRK
|
+$1.58M |
| 5 |
Qualcomm
QCOM
|
+$802K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$10.9M |
| 2 |
Tesla
TSLA
|
+$8.11M |
| 3 |
RTX Corp
RTX
|
+$368K |
| 4 |
CHK
Chesapeake Energy Corporation
CHK
|
+$52K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.85% |
| 2 | Financials | 19.47% |
| 3 | Healthcare | 13.24% |
| 4 | Consumer Discretionary | 12.27% |
| 5 | Communication Services | 11.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
X
51
DELISTED
US Steel
X
| $1.72M | 0.52% |
237,700
| – | – |
|
52
Verizon
VZ
$195B
| $1.69M | 0.51% |
30,663
| – | – |
|
53
Coca-Cola
KO
$373B
| $1.65M | 0.5% |
37,000
| – | – |
|
54
Goldman Sachs
GS
$302B
| $1.58M | 0.48% |
8,000
| – | – |
|
|
55
Qualcomm
QCOM
$171B
| $1.55M | 0.47% |
17,000
+10,000
| +143% | +$802K |
|
56
Starbucks
SBUX
$124B
| $1.54M | 0.47% |
21,000
| – | – |
|
57
3M
MMM
$94.8B
| $1.52M | 0.46% |
11,661
| – | – |
|
58
Automatic Data Processing
ADP
$107B
| $1.49M | 0.45% |
10,000
| – | – |
|
59
Nike
NKE
$60.1B
| $1.47M | 0.45% |
15,000
| – | – |
|
60
Morgan Stanley
MS
$342B
| $1.45M | 0.44% |
30,000
| – | – |
|
61
IBM
IBM
$222B
| $1.44M | 0.44% |
12,447
| – | – |
|
62
Allstate
ALL
$64.7B
| $1.34M | 0.41% |
13,800
| – | – |
|
63
Pitney Bowes
PBI
$2.28B
| $1.33M | 0.4% |
511,059
| – | – |
|
64
ExxonMobil
XOM
$657B
| $1.32M | 0.4% |
29,539
| – | – |
|
65
TJX Companies
TJX
$169B
| $1.31M | 0.4% |
26,000
| – | – |
|
66
United Parcel Service
UPS
$88.4B
| $1.31M | 0.4% |
11,800
| – | – |
|
|
SIVB
67
DELISTED
SVB Financial Group
SIVB
| $1.29M | 0.39% |
6,000
| – | – |
|
68
Cisco
CSCO
$488B
| $1.24M | 0.38% |
26,540
| – | – |
|
69
Franklin Resources
BEN
$17.1B
| $1.22M | 0.37% |
58,329
| – | – |
|
70
Philip Morris
PM
$290B
| $1.17M | 0.35% |
16,700
| – | – |
|
|
MRO
71
DELISTED
Marathon Oil Corporation
MRO
| $1.13M | 0.34% |
184,728
| – | – |
|
72
PNC Financial Services
PNC
$102B
| $1.05M | 0.32% |
10,000
| – | – |
|
73
American Express
AXP
$232B
| $1.05M | 0.32% |
11,000
| – | – |
|
74
Texas Instruments
TXN
$253B
| $1.02M | 0.31% |
8,000
| – | – |
|
75
Caterpillar
CAT
$393B
| $987K | 0.3% |
7,800
| – | – |
|
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Gifford Fong Associates's Q2 2020 Portfolio in Review
As of Q2 2020, Gifford Fong Associates held 130 positions worth $330M, up 21% from $273M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Trading was light in Q2 2020: portfolio turnover was 3.1%. Gifford Fong Associates opened 3 new positions and exited 1, leaving the 130-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q2 2020 buy was First Horizon: 50,000 shares worth $498K.
- Gifford Fong Associates added most to UnitedHealth in Q2 2020, an estimated $5.73M increase.
- Gifford Fong Associates's biggest Q2 2020 reduction was Amazon, cutting an estimated $10.9M.
- Gifford Fong Associates fully exited Chesapeake Energy Corporation in Q2 2020, selling an estimated $52K.
- Gifford Fong Associates's ten largest holdings make up 44% of its $330M portfolio in Q2 2020.
- Gifford Fong Associates opened 3 new positions and closed 1 in Q2 2020.
- Gifford Fong Associates's portfolio value rose 21% quarter-over-quarter to $330M.
Based on Gifford Fong Associates's 13F filing for Q2 2020, filed 14 Aug 2020.