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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
+13.22%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$470M
AUM Growth
+$52M
Cap. Flow
+$1.83M
Cap. Flow %
0.39%
Top 10 Hldgs %
41.61%
Holding
141
New
–
Increased
1
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$2.34M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$509K

Sector Composition

Rank Sector Weight
1 Technology 34.37%
2 Financials 18.36%
3 Healthcare 10.6%
4 Communication Services 9.58%
5 Industrials 8.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TJX icon
51
TJX Companies
TJX
$169B
$2.44M 0.52%
26,000
– –
T icon
52
AT&T
T
$166B
$2.41M 0.51%
143,689
– –
DE icon
53
Deere & Co
DE
$167B
$2.36M 0.5%
5,900
– –
ADP icon
54
Automatic Data Processing
ADP
$107B
$2.33M 0.5%
10,000
– –
CAT icon
55
Caterpillar
CAT
$393B
$2.31M 0.49%
7,800
– –
PBI icon
56
Pitney Bowes
PBI
$2.28B
$2.25M 0.48%
511,059
– –
PEP icon
57
PepsiCo
PEP
$189B
$2.21M 0.47%
13,000
– –
KO icon
58
Coca-Cola
KO
$373B
$2.18M 0.46%
37,000
– –
PNW icon
59
Pinnacle West Capital
PNW
$12.2B
$2.15M 0.46%
30,000
– –
ABT icon
60
Abbott
ABT
$192B
$2.13M 0.45%
19,400
– –
OXY icon
61
Occidental Petroleum
OXY
$58.5B
$2.1M 0.45%
35,179
– –
AXP icon
62
American Express
AXP
$232B
$2.06M 0.44%
11,000
– –
SBUX icon
63
Starbucks
SBUX
$124B
$2.02M 0.43%
21,000
– –
BEN icon
64
Franklin Resources
BEN
$17.1B
$1.95M 0.42%
65,480
– –
IBM icon
65
IBM
IBM
$222B
$1.95M 0.41%
11,900
– –
ALL icon
66
Allstate
ALL
$64.7B
$1.93M 0.41%
13,800
– –
COP icon
67
ConocoPhillips
COP
$153B
$1.86M 0.4%
16,000
– –
UPS icon
68
United Parcel Service
UPS
$88.4B
$1.85M 0.39%
11,800
– –
BMY icon
69
Bristol-Myers Squibb
BMY
$130B
$1.84M 0.39%
35,899
– –
X
70
DELISTED
US Steel
X
$1.83M 0.39%
37,700
– –
AFL icon
71
Aflac
AFL
$60.5B
$1.7M 0.36%
20,600
– –
MU icon
72
Micron Technology
MU
$1.03T
$1.69M 0.36%
19,800
– –
NKE icon
73
Nike
NKE
$60.1B
$1.63M 0.35%
15,000
– –
RIG icon
74
Transocean
RIG
$6.37B
$1.59M 0.34%
250,000
– –
PM icon
75
Philip Morris
PM
$290B
$1.57M 0.33%
16,700
– –
1 2
3
4 5

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CIP
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Gifford Fong Associates's Q4 2023 Portfolio in Review

As of Q4 2023, Gifford Fong Associates held 141 positions worth $470M, up 12% from $418M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 0.71%. Gifford Fong Associates opened no new positions and exited 1, leaving the 141-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 33% a quarter earlier, followed by Financials and Healthcare.

  • Gifford Fong Associates added most to Pioneer Natural Resource Co. in Q4 2023, an estimated $2.34M increase.
  • Gifford Fong Associates fully exited VMware, Inc in Q4 2023, selling an estimated $509K.
  • Gifford Fong Associates's ten largest holdings make up 42% of its $470M portfolio in Q4 2023.
  • Gifford Fong Associates opened 0 new positions and closed 1 in Q4 2023.
  • Gifford Fong Associates's portfolio value rose 12% quarter-over-quarter to $470M.

Based on Gifford Fong Associates's 13F filing for Q4 2023, filed 7 Feb 2024.