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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
-5.74%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$404M
AUM Growth
-$24.9M
(-5.8%)
Cap. Flow
+$4.27M
Cap. Flow
% of AUM
1.06%
Top 10 Holdings %
Top 10 Hldgs %
42.46%
Holding
140
New
1
Increased
3
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$1.7M |
| 2 |
Verizon
VZ
|
+$1.11M |
| 3 |
Lumen
LUMN
|
+$1.02M |
| 4 |
Manulife Financial
MFC
|
+$439K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.98% |
| 2 | Financials | 21.39% |
| 3 | Healthcare | 12.71% |
| 4 | Communication Services | 10.77% |
| 5 | Consumer Discretionary | 10.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Coca-Cola
KO
$373B
| $2.07M | 0.51% |
37,000
| – | – |
|
|
SIVB
52
DELISTED
SVB Financial Group
SIVB
| $2.02M | 0.5% |
6,000
| – | – |
|
53
Merck
MRK
$328B
| $1.97M | 0.49% |
22,900
| – | – |
|
54
Deere & Co
DE
$167B
| $1.97M | 0.49% |
5,900
| – | – |
|
55
Pinnacle West Capital
PNW
$12.2B
| $1.94M | 0.48% |
30,000
| – | – |
|
56
United Parcel Service
UPS
$88.4B
| $1.91M | 0.47% |
11,800
| – | – |
|
57
Shopify
SHOP
$194B
| $1.89M | 0.47% |
70,000
| – | – |
|
|
WBA
58
DELISTED
Walgreens Boots Alliance
WBA
| $1.88M | 0.47% |
60,000
| – | – |
|
59
Abbott
ABT
$192B
| $1.88M | 0.46% |
19,400
| – | – |
|
|
60
Lumen
LUMN
$6.49B
| $1.82M | 0.45% |
250,000
+100,000
| +67% | +$1.02M |
|
61
Starbucks
SBUX
$124B
| $1.77M | 0.44% |
21,000
| – | – |
|
62
Allstate
ALL
$64.7B
| $1.72M | 0.43% |
13,800
| – | – |
|
63
Meta Platforms (Facebook)
META
$1.47T
| $1.7M | 0.42% |
12,500
| – | – |
|
64
ConocoPhillips
COP
$153B
| $1.64M | 0.4% |
16,000
| – | – |
|
65
TJX Companies
TJX
$169B
| $1.61M | 0.4% |
26,000
| – | – |
|
66
Baxter International
BAX
$13.9B
| $1.56M | 0.39% |
29,000
| – | – |
|
67
PNC Financial Services
PNC
$102B
| $1.49M | 0.37% |
10,000
| – | – |
|
68
American Express
AXP
$232B
| $1.48M | 0.37% |
11,000
| – | – |
|
69
Public Storage
PSA
$60.4B
| $1.46M | 0.36% |
5,000
| – | – |
|
70
IBM
IBM
$222B
| $1.41M | 0.35% |
11,900
| – | – |
|
71
Philip Morris
PM
$290B
| $1.39M | 0.34% |
16,700
| – | – |
|
72
Caterpillar
CAT
$393B
| $1.28M | 0.32% |
7,800
| – | – |
|
73
Nike
NKE
$60.1B
| $1.25M | 0.31% |
15,000
| – | – |
|
74
Texas Instruments
TXN
$253B
| $1.24M | 0.31% |
8,000
| – | – |
|
75
Pitney Bowes
PBI
$2.28B
| $1.19M | 0.29% |
511,059
| – | – |
|
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Gifford Fong Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Gifford Fong Associates held 140 positions worth $404M, down 5.8% from $429M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 0.71%. Gifford Fong Associates opened 1 new position and made no exits, leaving the 140-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q3 2022 buy was Manulife Financial: 25,000 shares worth $392K.
- Gifford Fong Associates added most to Intel in Q3 2022, an estimated $1.7M increase.
- Gifford Fong Associates's ten largest holdings make up 42% of its $404M portfolio in Q3 2022.
- Gifford Fong Associates opened 1 new position and closed 0 in Q3 2022.
- Gifford Fong Associates's portfolio value fell 5.8% quarter-over-quarter to $404M.
Based on Gifford Fong Associates's 13F filing for Q3 2022, filed 15 Nov 2022.