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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
+16.09%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$380M
AUM Growth
-$56.3M
(-13%)
Cap. Flow
-$98.9M
Cap. Flow
% of AUM
-26.04%
Top 10 Holdings %
Top 10 Hldgs %
36.23%
Holding
141
New
2
Increased
1
Reduced
21
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE HealthCare
GEHC
|
+$1.36M |
| 2 |
Occidental Petroleum
OXY
|
+$621K |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$322K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$15.1M |
| 2 |
NVIDIA
NVDA
|
+$14.1M |
| 3 |
Microsoft
MSFT
|
+$8.99M |
| 4 |
Amazon
AMZN
|
+$8.64M |
| 5 |
Bank of America
BAC
|
+$7.32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.06% |
| 2 | Financials | 18.78% |
| 3 | Healthcare | 12.48% |
| 4 | Communication Services | 9.82% |
| 5 | Industrials | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Deere & Co
DE
$167B
| $2.44M | 0.64% |
5,900
| – | – |
|
52
Merck
MRK
$328B
| $2.44M | 0.64% |
22,900
| – | – |
|
53
Pinnacle West Capital
PNW
$12.2B
| $2.38M | 0.63% |
30,000
| – | – |
|
54
PepsiCo
PEP
$189B
| $2.37M | 0.62% |
13,000
| – | – |
|
55
Coca-Cola
KO
$373B
| $2.29M | 0.6% |
37,000
| – | – |
|
56
United Parcel Service
UPS
$88.4B
| $2.29M | 0.6% |
11,800
| – | – |
|
57
Automatic Data Processing
ADP
$107B
| $2.23M | 0.59% |
10,000
| – | – |
|
|
58
Occidental Petroleum
OXY
$58.5B
| $2.2M | 0.58% |
35,179
+10,000
| +40% | +$621K |
|
59
Starbucks
SBUX
$124B
| $2.19M | 0.58% |
21,000
| – | – |
|
|
WBA
60
DELISTED
Walgreens Boots Alliance
WBA
| $2.08M | 0.55% |
60,000
| – | – |
|
61
TJX Companies
TJX
$169B
| $2.04M | 0.54% |
26,000
| – | – |
|
62
Pitney Bowes
PBI
$2.28B
| $1.99M | 0.52% |
511,059
| – | – |
|
63
Abbott
ABT
$192B
| $1.96M | 0.52% |
19,400
| – | – |
|
64
Nike
NKE
$60.1B
| $1.84M | 0.48% |
15,000
| – | – |
|
65
American Express
AXP
$232B
| $1.81M | 0.48% |
11,000
| – | – |
|
66
Caterpillar
CAT
$393B
| $1.78M | 0.47% |
7,800
| – | – |
|
67
Philip Morris
PM
$290B
| $1.62M | 0.43% |
16,700
| – | – |
|
68
Transocean
RIG
$6.37B
| $1.59M | 0.42% |
250,000
| – | – |
|
69
ConocoPhillips
COP
$153B
| $1.59M | 0.42% |
16,000
| – | – |
|
|
70
GE HealthCare
GEHC
$32.6B
| $1.56M | 0.41% |
+19,012
| New | +$1.36M |
|
71
IBM
IBM
$222B
| $1.56M | 0.41% |
11,900
| – | – |
|
72
Allstate
ALL
$64.7B
| $1.53M | 0.4% |
13,800
| – | – |
|
73
Public Storage
PSA
$60.4B
| $1.51M | 0.4% |
5,000
| – | – |
|
74
Texas Instruments
TXN
$253B
| $1.49M | 0.39% |
8,000
| – | – |
|
75
Cisco
CSCO
$488B
| $1.39M | 0.37% |
26,540
| – | – |
|
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Gifford Fong Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Gifford Fong Associates held 141 positions worth $380M, down 13% from $436M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Gifford Fong Associates withdrew a net $98.9M in Q1 2023, reducing 21 holdings. Its largest reduction was Apple, cutting an estimated $15.1M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Gifford Fong Associates opened a new position in GE HealthCare worth $1.56M.
- Gifford Fong Associates's largest Q1 2023 buy was GE HealthCare: 19,012 shares worth $1.56M.
- Gifford Fong Associates added most to Occidental Petroleum in Q1 2023, an estimated $621K increase.
- Gifford Fong Associates's biggest Q1 2023 reduction was Apple, cutting an estimated $15.1M.
- Gifford Fong Associates's ten largest holdings make up 36% of its $380M portfolio in Q1 2023.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q1 2023.
- Gifford Fong Associates's portfolio value fell 13% quarter-over-quarter to $380M.
Based on Gifford Fong Associates's 13F filing for Q1 2023, filed 10 May 2023.