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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
+15.77%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$431M
AUM Growth
+$57.7M
(+15%)
Cap. Flow
+$6.12M
Cap. Flow
% of AUM
1.42%
Top 10 Holdings %
Top 10 Hldgs %
44%
Holding
136
New
4
Increased
2
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$7.93M |
| 2 |
Shopify
SHOP
|
+$7.35M |
| 3 |
Zoom
ZM
|
+$6.69M |
| 4 |
Lumen
LUMN
|
+$1.48M |
| 5 |
Franklin Resources
BEN
|
+$1.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$12.6M |
| 2 |
Intel
INTC
|
+$2.44M |
| 3 |
Advanced Micro Devices
AMD
|
+$2.16M |
| 4 |
Micron Technology
MU
|
+$1.51M |
| 5 |
Pfizer
PFE
|
+$247K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.12% |
| 2 | Financials | 20.88% |
| 3 | Communication Services | 12.04% |
| 4 | Consumer Discretionary | 11.21% |
| 5 | Healthcare | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Abbott
ABT
$192B
| $2.12M | 0.49% |
19,400
| – | – |
|
52
Nike
NKE
$60.1B
| $2.12M | 0.49% |
15,000
| – | – |
|
53
Goldman Sachs
GS
$302B
| $2.11M | 0.49% |
8,000
| – | – |
|
54
Bausch Health
BHC
$2.32B
| $2.08M | 0.48% |
100,000
| – | – |
|
55
Morgan Stanley
MS
$342B
| $2.06M | 0.48% |
30,000
| – | – |
|
56
Coca-Cola
KO
$373B
| $2.03M | 0.47% |
37,000
| – | – |
|
|
57
Tesla
TSLA
$1.29T
| $2.02M | 0.47% |
8,604
-73,896
| -90% | -$12.6M |
|
58
United Parcel Service
UPS
$88.4B
| $1.99M | 0.46% |
11,800
| – | – |
|
59
Gilead Sciences
GILD
$168B
| $1.98M | 0.46% |
34,000
| – | – |
|
60
PepsiCo
PEP
$189B
| $1.93M | 0.45% |
13,000
| – | – |
|
61
Chevron
CVX
$386B
| $1.88M | 0.44% |
22,200
| – | – |
|
62
Merck
MRK
$328B
| $1.87M | 0.43% |
23,999
| – | – |
|
63
Verizon
VZ
$195B
| $1.8M | 0.42% |
30,663
| – | – |
|
64
TJX Companies
TJX
$169B
| $1.78M | 0.41% |
26,000
| – | – |
|
65
Automatic Data Processing
ADP
$107B
| $1.76M | 0.41% |
10,000
| – | – |
|
66
3M
MMM
$94.8B
| $1.7M | 0.4% |
11,661
| – | – |
|
|
67
Intel
INTC
$509B
| $1.63M | 0.38% |
32,628
-50,000
| -61% | -$2.44M |
|
68
Deere & Co
DE
$167B
| $1.59M | 0.37% |
5,900
| – | – |
|
69
Allstate
ALL
$64.7B
| $1.52M | 0.35% |
13,800
| – | – |
|
70
IBM
IBM
$222B
| $1.5M | 0.35% |
12,447
| – | – |
|
71
PNC Financial Services
PNC
$102B
| $1.49M | 0.35% |
10,000
| – | – |
|
|
72
Micron Technology
MU
$1.03T
| $1.49M | 0.35% |
19,800
-25,000
| -56% | -$1.51M |
|
|
73
Lumen
LUMN
$6.49B
| $1.46M | 0.34% |
+150,000
| New | +$1.48M |
|
74
Caterpillar
CAT
$393B
| $1.42M | 0.33% |
7,800
| – | – |
|
75
Philip Morris
PM
$290B
| $1.38M | 0.32% |
16,700
| – | – |
|
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Gifford Fong Associates's Q4 2020 Portfolio in Review
As of Q4 2020, Gifford Fong Associates held 136 positions worth $431M, up 15% from $373M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 2.9%. Gifford Fong Associates opened 4 new positions and made no exits, leaving the 136-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2020 buy was Shopify: 70,000 shares worth $7.92M.
- Gifford Fong Associates added most to Salesforce in Q4 2020, an estimated $7.93M increase.
- Gifford Fong Associates's biggest Q4 2020 reduction was Tesla, cutting an estimated $12.6M.
- Gifford Fong Associates's ten largest holdings make up 44% of its $431M portfolio in Q4 2020.
- Gifford Fong Associates opened 4 new positions and closed 0 in Q4 2020.
- Gifford Fong Associates's portfolio value rose 15% quarter-over-quarter to $431M.
Based on Gifford Fong Associates's 13F filing for Q4 2020, filed 1 Mar 2021.