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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
+6.15%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$501M
AUM Growth
+$25.6M
(+5.4%)
Cap. Flow
+$4.68M
Cap. Flow
% of AUM
0.93%
Top 10 Holdings %
Top 10 Hldgs %
38.52%
Holding
124
New
2
Increased
2
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$2.49M |
| 2 |
Advanced Micro Devices
AMD
|
+$2.25M |
| 3 |
Q
Qnity Electronics Inc
Q
|
+$198K |
| 4 |
SOLS
Solstice Advanced Materials
SOLS
|
+$166K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$243K |
| 2 |
Honeywell
HON
|
+$168K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.89% |
| 2 | Financials | 23.21% |
| 3 | Communication Services | 11.2% |
| 4 | Industrials | 8.8% |
| 5 | Consumer Discretionary | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Prudential Financial
PRU
$42.4B
| $1.52M | 0.3% |
13,500
| – | – |
|
77
Texas Instruments
TXN
$252B
| $1.39M | 0.28% |
8,000
| – | – |
|
78
Public Storage
PSA
$60.5B
| $1.3M | 0.26% |
5,000
| – | – |
|
79
Simon Property Group
SPG
$74.4B
| $1.3M | 0.26% |
7,000
| – | – |
|
80
Zoom
ZM
$28.2B
| $1.29M | 0.26% |
15,000
| – | – |
|
81
MetLife
MET
$61.9B
| $1.18M | 0.24% |
15,000
| – | – |
|
82
United Parcel Service
UPS
$88.6B
| $1.17M | 0.23% |
11,800
| – | – |
|
83
Progressive
PGR
$123B
| $1.14M | 0.23% |
5,000
| – | – |
|
84
Gilead Sciences
GILD
$162B
| $1.1M | 0.22% |
9,000
| – | – |
|
85
Analog Devices
ADI
$179B
| $1.08M | 0.22% |
4,000
| – | – |
|
86
Transocean
RIG
$5.89B
| $1.03M | 0.21% |
250,000
| – | – |
|
87
Biogen
BIIB
$30B
| $1.01M | 0.2% |
5,750
| – | – |
|
88
Sherwin-Williams
SHW
$82.7B
| $972K | 0.19% |
3,000
| – | – |
|
89
Nike
NKE
$61.9B
| $956K | 0.19% |
15,000
| – | – |
|
90
Dell
DELL
$262B
| $874K | 0.17% |
6,946
| – | – |
|
91
ITT
ITT
$17.5B
| $868K | 0.17% |
5,000
| – | – |
|
92
Qualcomm
QCOM
$155B
| $855K | 0.17% |
5,000
| – | – |
|
93
Bank of America
BAC
$435B
| $833K | 0.17% |
15,147
| – | – |
|
94
Colgate-Palmolive
CL
$73.1B
| $822K | 0.16% |
10,400
| – | – |
|
95
Hershey
HSY
$35.2B
| $728K | 0.15% |
4,000
| – | – |
|
96
W.R. Berkley
WRB
$26.9B
| $710K | 0.14% |
10,125
| – | – |
|
97
Loews
L
$23.9B
| $706K | 0.14% |
6,700
| – | – |
|
98
Bausch Health
BHC
$2.58B
| $695K | 0.14% |
100,000
| – | – |
|
99
Corteva
CTVA
$52.6B
| $659K | 0.13% |
9,828
| – | – |
|
100
US Bancorp
USB
$98.2B
| $640K | 0.13% |
12,000
| – | – |
|
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Gifford Fong Associates's Q4 2025 Portfolio in Review
As of Q4 2025, Gifford Fong Associates held 124 positions worth $501M, up 5.4% from $476M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q4 2025: portfolio turnover was 1.6%. Gifford Fong Associates opened 2 new positions and made no exits, leaving the 124-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2025 buy was Qnity Electronics Inc: 2,332 shares worth $190K.
- Gifford Fong Associates added most to Salesforce in Q4 2025, an estimated $2.49M increase.
- Gifford Fong Associates's biggest Q4 2025 reduction was DuPont de Nemours, cutting an estimated $243K.
- Gifford Fong Associates's ten largest holdings make up 39% of its $501M portfolio in Q4 2025.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q4 2025.
- Gifford Fong Associates's portfolio value rose 5.4% quarter-over-quarter to $501M.
Based on Gifford Fong Associates's 13F filing for Q4 2025, filed 10 Feb 2026.