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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
+15.73%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$373M
AUM Growth
+$43.1M
(+13%)
Cap. Flow
+$2.55M
Cap. Flow
% of AUM
0.68%
Top 10 Holdings %
Top 10 Hldgs %
46.62%
Holding
132
New
3
Increased
4
Reduced
3
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$3.15M |
| 2 |
First Horizon
FHN
|
+$2.35M |
| 3 |
Invesco
IVZ
|
+$1.96M |
| 4 |
AT&T
T
|
+$1.08M |
| 5 |
Tesla
TSLA
|
+$886K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$3.28M |
| 2 |
NVIDIA
NVDA
|
+$2.33M |
| 3 |
Qualcomm
QCOM
|
+$1.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.9% |
| 2 | Financials | 19.16% |
| 3 | Consumer Discretionary | 14.81% |
| 4 | Healthcare | 11.8% |
| 5 | Communication Services | 10.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Merck
MRK
$328B
| $1.9M | 0.51% |
23,999
| – | – |
|
52
Nike
NKE
$60.1B
| $1.88M | 0.5% |
15,000
| – | – |
|
53
Coca-Cola
KO
$373B
| $1.83M | 0.49% |
37,000
| – | – |
|
54
Verizon
VZ
$195B
| $1.82M | 0.49% |
30,663
| – | – |
|
55
Starbucks
SBUX
$124B
| $1.8M | 0.48% |
21,000
| – | – |
|
56
PepsiCo
PEP
$189B
| $1.8M | 0.48% |
13,000
| – | – |
|
|
X
57
DELISTED
US Steel
X
| $1.75M | 0.47% |
237,700
| – | – |
|
58
Goldman Sachs
GS
$302B
| $1.61M | 0.43% |
8,000
| – | – |
|
59
Chevron
CVX
$386B
| $1.6M | 0.43% |
22,200
| – | – |
|
60
3M
MMM
$94.8B
| $1.56M | 0.42% |
11,661
| – | – |
|
61
Bausch Health
BHC
$2.32B
| $1.55M | 0.42% |
100,000
| – | – |
|
62
Morgan Stanley
MS
$342B
| $1.45M | 0.39% |
30,000
| – | – |
|
63
IBM
IBM
$222B
| $1.45M | 0.39% |
12,447
| – | – |
|
64
TJX Companies
TJX
$169B
| $1.45M | 0.39% |
26,000
| – | – |
|
|
SIVB
65
DELISTED
SVB Financial Group
SIVB
| $1.44M | 0.39% |
6,000
| – | – |
|
66
Automatic Data Processing
ADP
$107B
| $1.4M | 0.37% |
10,000
| – | – |
|
67
Deere & Co
DE
$167B
| $1.31M | 0.35% |
5,900
| – | – |
|
68
Allstate
ALL
$64.7B
| $1.3M | 0.35% |
13,800
| – | – |
|
69
Philip Morris
PM
$290B
| $1.25M | 0.34% |
16,700
| – | – |
|
70
Franklin Resources
BEN
$17.1B
| $1.19M | 0.32% |
58,329
| – | – |
|
71
Caterpillar
CAT
$393B
| $1.16M | 0.31% |
7,800
| – | – |
|
72
Texas Instruments
TXN
$253B
| $1.14M | 0.31% |
8,000
| – | – |
|
73
Public Storage
PSA
$60.4B
| $1.11M | 0.3% |
5,000
| – | – |
|
|
TWTR
74
DELISTED
Twitter, Inc.
TWTR
| $1.11M | 0.3% |
25,000
| – | – |
|
75
American Express
AXP
$232B
| $1.1M | 0.3% |
11,000
| – | – |
|
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Gifford Fong Associates's Q3 2020 Portfolio in Review
As of Q3 2020, Gifford Fong Associates held 132 positions worth $373M, up 13% from $330M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 2.3%. Gifford Fong Associates opened 3 new positions and made no exits, leaving the 132-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 28% a quarter earlier, followed by Financials and Consumer Discretionary.
- Gifford Fong Associates's largest Q3 2020 buy was Invesco: 185,393 shares worth $2.12M.
- Gifford Fong Associates added most to Amazon in Q3 2020, an estimated $3.15M increase.
- Gifford Fong Associates's biggest Q3 2020 reduction was Salesforce, cutting an estimated $3.28M.
- Gifford Fong Associates's ten largest holdings make up 47% of its $373M portfolio in Q3 2020.
- Gifford Fong Associates opened 3 new positions and closed 0 in Q3 2020.
- Gifford Fong Associates's portfolio value rose 13% quarter-over-quarter to $373M.
Based on Gifford Fong Associates's 13F filing for Q3 2020, filed 12 Nov 2020.