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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
+14.76%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$434M
AUM Growth
+$32.4M
(+8.1%)
Cap. Flow
-$12.4M
Cap. Flow
% of AUM
-2.86%
Top 10 Holdings %
Top 10 Hldgs %
38.84%
Holding
126
New
–
Increased
1
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$1.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$3.15M |
| 2 |
Gilead Sciences
GILD
|
+$2.66M |
| 3 |
Philip Morris
PM
|
+$2.65M |
| 4 |
X
US Steel
X
|
+$1.59M |
| 5 |
AT&T
T
|
+$1.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.2% |
| 2 | Financials | 23.44% |
| 3 | Communication Services | 11.2% |
| 4 | Industrials | 9.13% |
| 5 | Consumer Discretionary | 8.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Pfizer
PFE
$150B
| $2.7M | 0.62% |
111,527
| – | – |
|
52
Pinnacle West Capital
PNW
$12.2B
| $2.68M | 0.62% |
30,000
| – | – |
|
53
Abbott
ABT
$192B
| $2.64M | 0.61% |
19,400
| – | – |
|
54
Coca-Cola
KO
$373B
| $2.62M | 0.6% |
37,000
| – | – |
|
55
Micron Technology
MU
$1.03T
| $2.44M | 0.56% |
19,800
| – | – |
|
56
Aflac
AFL
$60.5B
| $2.17M | 0.5% |
20,600
| – | – |
|
57
Tesla
TSLA
$1.29T
| $2.15M | 0.5% |
6,782
| – | – |
|
58
Starbucks
SBUX
$124B
| $1.92M | 0.44% |
21,000
| – | – |
|
59
Travelers Companies
TRV
$77.2B
| $1.87M | 0.43% |
7,000
| – | – |
|
60
PNC Financial Services
PNC
$102B
| $1.86M | 0.43% |
10,000
| – | – |
|
61
UnitedHealth
UNH
$364B
| $1.85M | 0.43% |
5,918
| – | – |
|
62
Cisco
CSCO
$488B
| $1.84M | 0.42% |
26,540
| – | – |
|
63
Boeing
BA
$183B
| $1.83M | 0.42% |
8,735
| – | – |
|
64
Merck
MRK
$328B
| $1.81M | 0.42% |
22,900
| – | – |
|
65
Parker-Hannifin
PH
$135B
| $1.75M | 0.4% |
2,500
| – | – |
|
|
BNY
66
Bank of New York Mellon
BNY
$111B
| $1.72M | 0.4% |
18,872
| – | – |
|
67
PepsiCo
PEP
$189B
| $1.72M | 0.4% |
13,000
| – | – |
|
68
Bristol-Myers Squibb
BMY
$130B
| $1.66M | 0.38% |
35,899
| – | – |
|
69
Texas Instruments
TXN
$253B
| $1.66M | 0.38% |
8,000
| – | – |
|
70
American International
AIG
$39.8B
| $1.64M | 0.38% |
19,100
| – | – |
|
71
Intel
INTC
$509B
| $1.49M | 0.34% |
66,395
| – | – |
|
72
3M
MMM
$94.8B
| $1.48M | 0.34% |
9,750
| – | – |
|
73
Public Storage
PSA
$60.4B
| $1.47M | 0.34% |
5,000
| – | – |
|
74
RTX Corp
RTX
$300B
| $1.46M | 0.34% |
10,000
| – | – |
|
75
Prudential Financial
PRU
$42.3B
| $1.45M | 0.33% |
13,500
| – | – |
|
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Gifford Fong Associates's Q2 2025 Portfolio in Review
As of Q2 2025, Gifford Fong Associates held 126 positions worth $434M, up 8.1% from $402M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2025: portfolio turnover was 2.4%. Gifford Fong Associates opened no new positions and exited 3, leaving the 126-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Occidental Petroleum in Q2 2025, an estimated $1.1M increase.
- Gifford Fong Associates's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $3.15M.
- Gifford Fong Associates fully exited Philip Morris in Q2 2025, selling an estimated $2.65M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $434M portfolio in Q2 2025.
- Gifford Fong Associates opened 0 new positions and closed 3 in Q2 2025.
- Gifford Fong Associates's portfolio value rose 8.1% quarter-over-quarter to $434M.
Based on Gifford Fong Associates's 13F filing for Q2 2025, filed 13 Aug 2025.