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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
-18.78%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$429M
AUM Growth
-$118M
(-22%)
Cap. Flow
-$1.55M
Cap. Flow
% of AUM
-0.36%
Top 10 Holdings %
Top 10 Hldgs %
42.47%
Holding
139
New
1
Increased
2
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$1.08M |
| 2 |
Warner Bros
WBD
|
+$645K |
| 3 |
Franklin Resources
BEN
|
+$384K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
X
US Steel
X
|
+$2.73M |
| 2 |
AT&T
T
|
+$928K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.07% |
| 2 | Financials | 21.05% |
| 3 | Healthcare | 12.76% |
| 4 | Communication Services | 11.21% |
| 5 | Consumer Discretionary | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Shopify
SHOP
$194B
| $2.19M | 0.51% |
70,000
| – | – |
|
52
PepsiCo
PEP
$189B
| $2.17M | 0.5% |
13,000
| – | – |
|
53
United Parcel Service
UPS
$88.4B
| $2.15M | 0.5% |
11,800
| – | – |
|
54
Abbott
ABT
$192B
| $2.11M | 0.49% |
19,400
| – | – |
|
55
Gilead Sciences
GILD
$168B
| $2.1M | 0.49% |
34,000
| – | – |
|
56
Automatic Data Processing
ADP
$107B
| $2.1M | 0.49% |
10,000
| – | – |
|
57
Merck
MRK
$328B
| $2.09M | 0.49% |
22,900
| – | – |
|
58
Meta Platforms (Facebook)
META
$1.47T
| $2.02M | 0.47% |
12,500
| – | – |
|
59
Tesla
TSLA
$1.29T
| $1.93M | 0.45% |
8,604
| – | – |
|
60
Baxter International
BAX
$13.9B
| $1.86M | 0.43% |
29,000
| – | – |
|
61
Pitney Bowes
PBI
$2.28B
| $1.85M | 0.43% |
511,059
| – | – |
|
62
Deere & Co
DE
$167B
| $1.77M | 0.41% |
5,900
| – | – |
|
63
Allstate
ALL
$64.7B
| $1.75M | 0.41% |
13,800
| – | – |
|
64
IBM
IBM
$222B
| $1.68M | 0.39% |
11,900
| – | – |
|
65
Philip Morris
PM
$290B
| $1.65M | 0.38% |
16,700
| – | – |
|
66
Lumen
LUMN
$6.49B
| $1.64M | 0.38% |
150,000
| – | – |
|
67
Zoom
ZM
$30.8B
| $1.62M | 0.38% |
15,000
| – | – |
|
68
Starbucks
SBUX
$124B
| $1.6M | 0.37% |
21,000
| – | – |
|
69
PNC Financial Services
PNC
$102B
| $1.58M | 0.37% |
10,000
| – | – |
|
70
Public Storage
PSA
$60.4B
| $1.56M | 0.36% |
5,000
| – | – |
|
71
Nike
NKE
$60.1B
| $1.53M | 0.36% |
15,000
| – | – |
|
72
American Express
AXP
$232B
| $1.52M | 0.36% |
11,000
| – | – |
|
73
TJX Companies
TJX
$169B
| $1.45M | 0.34% |
26,000
| – | – |
|
74
ConocoPhillips
COP
$153B
| $1.44M | 0.33% |
16,000
| – | – |
|
75
Caterpillar
CAT
$393B
| $1.39M | 0.32% |
7,800
| – | – |
|
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Gifford Fong Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Gifford Fong Associates held 139 positions worth $429M, down 22% from $547M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q2 2022: portfolio turnover was 0.72%. Gifford Fong Associates opened 1 new position and made no exits, leaving the 139-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q2 2022 buy was Warner Bros: 34,760 shares worth $466K.
- Gifford Fong Associates added most to Intel in Q2 2022, an estimated $1.08M increase.
- Gifford Fong Associates's biggest Q2 2022 reduction was US Steel, cutting an estimated $2.73M.
- Gifford Fong Associates's ten largest holdings make up 42% of its $429M portfolio in Q2 2022.
- Gifford Fong Associates opened 1 new position and closed 0 in Q2 2022.
- Gifford Fong Associates's portfolio value fell 22% quarter-over-quarter to $429M.
Based on Gifford Fong Associates's 13F filing for Q2 2022, filed 11 Aug 2022.