We are live on
!
Find out more
GFA
Gifford Fong Associates Portfolio holdings
AUM
$501M
1-Year Est. Return
32.77%
This Fund
S&P 500
This Quarter
Est. Return
+10.59%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$476M
AUM Growth
+$41.5M
(+9.5%)
Cap. Flow
+$1.9M
Cap. Flow
% of AUM
0.4%
Top 10 Holdings %
Top 10 Hldgs %
38.73%
Holding
123
New
–
Increased
2
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$5.04M |
| 2 |
Occidental Petroleum
OXY
|
+$2.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$5.23M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$172K |
| 3 |
Solventum
SOLV
|
+$73 |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.36% |
| 2 | Financials | 22.97% |
| 3 | Communication Services | 11.17% |
| 4 | Industrials | 8.97% |
| 5 | Consumer Discretionary | 8.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Comcast
CMCSA
$90.4B
| $2.77M | 0.58% |
88,000
| – | – |
|
52
Deere & Co
DE
$167B
| $2.7M | 0.57% |
5,900
| – | – |
|
53
Pinnacle West Capital
PNW
$12.2B
| $2.69M | 0.57% |
30,000
| – | – |
|
54
AT&T
T
$166B
| $2.65M | 0.56% |
93,689
| – | – |
|
55
Abbott
ABT
$192B
| $2.6M | 0.55% |
19,400
| – | – |
|
56
Coca-Cola
KO
$373B
| $2.45M | 0.52% |
37,000
| – | – |
|
57
Aflac
AFL
$60.5B
| $2.3M | 0.48% |
20,600
| – | – |
|
58
Intel
INTC
$509B
| $2.23M | 0.47% |
66,395
| – | – |
|
|
BNY
59
Bank of New York Mellon
BNY
$111B
| $2.06M | 0.43% |
18,872
| – | – |
|
60
UnitedHealth
UNH
$364B
| $2.04M | 0.43% |
5,918
| – | – |
|
61
PNC Financial Services
PNC
$102B
| $2.01M | 0.42% |
10,000
| – | – |
|
62
Travelers Companies
TRV
$77.2B
| $1.96M | 0.41% |
7,000
| – | – |
|
63
Merck
MRK
$328B
| $1.92M | 0.4% |
22,900
| – | – |
|
64
Parker-Hannifin
PH
$135B
| $1.9M | 0.4% |
2,500
| – | – |
|
65
Boeing
BA
$183B
| $1.89M | 0.4% |
8,735
| – | – |
|
66
PepsiCo
PEP
$189B
| $1.83M | 0.38% |
13,000
| – | – |
|
67
Cisco
CSCO
$488B
| $1.82M | 0.38% |
26,540
| – | – |
|
68
Ciena
CIEN
$61.2B
| $1.78M | 0.38% |
12,255
| – | – |
|
69
Starbucks
SBUX
$124B
| $1.78M | 0.37% |
21,000
| – | – |
|
70
RTX Corp
RTX
$300B
| $1.67M | 0.35% |
10,000
| – | – |
|
71
Bristol-Myers Squibb
BMY
$130B
| $1.62M | 0.34% |
35,899
| – | – |
|
72
Lumen
LUMN
$6.49B
| $1.53M | 0.32% |
250,000
| – | – |
|
73
3M
MMM
$94.8B
| $1.51M | 0.32% |
9,750
| – | – |
|
74
American International
AIG
$39.8B
| $1.5M | 0.32% |
19,100
| – | – |
|
75
Texas Instruments
TXN
$253B
| $1.47M | 0.31% |
8,000
| – | – |
|
Similar funds
HFA
VFPW
CIP
LRWA
VW
DE
MG
OP
Gifford Fong Associates's Q3 2025 Portfolio in Review
As of Q3 2025, Gifford Fong Associates held 123 positions worth $476M, up 9.5% from $434M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q3 2025: portfolio turnover was 0.81%. Gifford Fong Associates opened no new positions and exited 1, leaving the 123-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 30% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Salesforce in Q3 2025, an estimated $5.04M increase.
- Gifford Fong Associates's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $5.23M.
- Gifford Fong Associates fully exited Walgreens Boots Alliance in Q3 2025, selling an estimated $172K.
- Gifford Fong Associates's ten largest holdings make up 39% of its $476M portfolio in Q3 2025.
- Gifford Fong Associates opened 0 new positions and closed 1 in Q3 2025.
- Gifford Fong Associates's portfolio value rose 9.5% quarter-over-quarter to $476M.
Based on Gifford Fong Associates's 13F filing for Q3 2025, filed 3 Nov 2025.