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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
+17.31%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$363M
AUM Growth
-$107M
(-23%)
Cap. Flow
-$173M
Cap. Flow
% of AUM
-47.6%
Top 10 Holdings %
Top 10 Hldgs %
35.97%
Holding
140
New
–
Increased
–
Reduced
25
Closed
13
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$65.8M |
| 2 |
Apple
AAPL
|
+$13.2M |
| 3 |
Bank of America
BAC
|
+$11.8M |
| 4 |
Eli Lilly
LLY
|
+$9.38M |
| 5 |
Amazon
AMZN
|
+$7.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.27% |
| 2 | Financials | 21.85% |
| 3 | Communication Services | 10.79% |
| 4 | Healthcare | 9.77% |
| 5 | Consumer Discretionary | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Micron Technology
MU
$1.03T
| $2.33M | 0.64% |
19,800
| – | – |
|
52
Occidental Petroleum
OXY
$58.5B
| $2.29M | 0.63% |
35,179
| – | – |
|
53
PepsiCo
PEP
$189B
| $2.27M | 0.63% |
13,000
| – | – |
|
54
IBM
IBM
$222B
| $2.27M | 0.63% |
11,900
| – | – |
|
55
Coca-Cola
KO
$373B
| $2.26M | 0.62% |
37,000
| – | – |
|
56
Pinnacle West Capital
PNW
$12.2B
| $2.24M | 0.62% |
30,000
| – | – |
|
57
Pitney Bowes
PBI
$2.28B
| $2.21M | 0.61% |
511,059
| – | – |
|
58
Abbott
ABT
$192B
| $2.21M | 0.61% |
19,400
| – | – |
|
59
ConocoPhillips
COP
$153B
| $2.04M | 0.56% |
16,000
| – | – |
|
60
Bristol-Myers Squibb
BMY
$130B
| $1.95M | 0.54% |
35,899
| – | – |
|
61
Starbucks
SBUX
$124B
| $1.92M | 0.53% |
21,000
| – | – |
|
62
Franklin Resources
BEN
$17.1B
| $1.84M | 0.51% |
65,480
| – | – |
|
63
Aflac
AFL
$60.5B
| $1.77M | 0.49% |
20,600
| – | – |
|
64
United Parcel Service
UPS
$88.4B
| $1.75M | 0.48% |
11,800
| – | – |
|
65
GE HealthCare
GEHC
$32.6B
| $1.73M | 0.48% |
19,012
| – | – |
|
66
Boeing
BA
$183B
| $1.69M | 0.46% |
8,735
-9,975
| -53% | -$2.05M |
|
67
PNC Financial Services
PNC
$102B
| $1.62M | 0.45% |
10,000
| – | – |
|
68
Travelers Companies
TRV
$77.2B
| $1.61M | 0.44% |
7,000
| – | – |
|
69
Prudential Financial
PRU
$42.3B
| $1.58M | 0.44% |
13,500
| – | – |
|
70
Transocean
RIG
$6.37B
| $1.57M | 0.43% |
250,000
| – | – |
|
|
X
71
DELISTED
US Steel
X
| $1.54M | 0.42% |
37,700
| – | – |
|
72
Philip Morris
PM
$290B
| $1.53M | 0.42% |
16,700
| – | – |
|
73
American International
AIG
$39.8B
| $1.49M | 0.41% |
19,100
| – | – |
|
74
Public Storage
PSA
$60.4B
| $1.45M | 0.4% |
5,000
| – | – |
|
75
Nike
NKE
$60.1B
| $1.41M | 0.39% |
15,000
| – | – |
|
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Gifford Fong Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Gifford Fong Associates held 140 positions worth $363M, down 23% from $470M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Gifford Fong Associates withdrew a net $173M in Q1 2024, closing 13 positions and reducing 25 holdings. Its most notable exit was Eli Lilly, an estimated $9.38M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 34% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $65.8M.
- Gifford Fong Associates fully exited Eli Lilly in Q1 2024, selling an estimated $9.38M.
- Gifford Fong Associates's ten largest holdings make up 36% of its $363M portfolio in Q1 2024.
- Gifford Fong Associates opened 0 new positions and closed 13 in Q1 2024.
- Gifford Fong Associates's portfolio value fell 23% quarter-over-quarter to $363M.
Based on Gifford Fong Associates's 13F filing for Q1 2024, filed 10 May 2024.