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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
+8.93%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$314M
AUM Growth
+$25M
(+8.6%)
Cap. Flow
+$266K
Cap. Flow
% of AUM
0.08%
Top 10 Holdings %
Top 10 Hldgs %
38.6%
Holding
117
New
5
Increased
2
Reduced
3
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
X
US Steel
X
|
+$5.25M |
| 2 |
Micron Technology
MU
|
+$2.52M |
| 3 |
MRO
Marathon Oil Corporation
MRO
|
+$1.05M |
| 4 |
Under Armour
UAA
|
+$1.04M |
| 5 |
Ford
F
|
+$1,000K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cisco
CSCO
|
+$6.75M |
| 2 |
Ciena
CIEN
|
+$4.81M |
| 3 |
AT&T
T
|
+$162K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.59% |
| 2 | Technology | 16.93% |
| 3 | Healthcare | 11.6% |
| 4 | Industrials | 10.53% |
| 5 | Consumer Discretionary | 10.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Aflac
AFL
$60.5B
| $970K | 0.31% |
20,600
| – | – |
|
|
BNY
77
Bank of New York Mellon
BNY
$111B
| $962K | 0.31% |
18,872
| – | – |
|
|
78
Ciena
CIEN
$61.2B
| $953K | 0.3% |
30,512
-171,587
| -85% | -$4.81M |
|
79
Travelers Companies
TRV
$77.2B
| $908K | 0.29% |
7,000
| – | – |
|
80
Deere & Co
DE
$167B
| $887K | 0.28% |
5,900
| – | – |
|
81
Texas Instruments
TXN
$253B
| $858K | 0.27% |
8,000
| – | – |
|
82
Occidental Petroleum
OXY
$58.5B
| $822K | 0.26% |
10,000
| – | – |
|
83
Hormel Foods
HRL
$13.4B
| $788K | 0.25% |
20,000
| – | – |
|
84
EOG Resources
EOG
$75.1B
| $765K | 0.24% |
6,000
| – | – |
|
85
MetLife
MET
$61.4B
| $701K | 0.22% |
15,000
| – | – |
|
86
Colgate-Palmolive
CL
$73.6B
| $696K | 0.22% |
10,400
| – | – |
|
87
Lincoln National
LNC
$8.44B
| $677K | 0.22% |
10,000
| – | – |
|
88
US Bancorp
USB
$101B
| $634K | 0.2% |
12,000
| – | – |
|
89
KeyCorp
KEY
$24.5B
| $597K | 0.19% |
30,000
| – | – |
|
90
Deutsche Bank
DB
$72.4B
| $568K | 0.18% |
+50,000
| New | +$587K |
|
91
UnitedHealth
UNH
$364B
| $532K | 0.17% |
2,000
| – | – |
|
92
Biogen
BIIB
$30.9B
| $530K | 0.17% |
1,500
| – | – |
|
|
EV
93
DELISTED
Eaton Vance Corp.
EV
| $526K | 0.17% |
10,000
| – | – |
|
94
NOV
NOV
$7.45B
| $517K | 0.16% |
12,000
| – | – |
|
95
Pitney Bowes
PBI
$2.28B
| $472K | 0.15% |
+66,632
| New | +$538K |
|
96
Parker-Hannifin
PH
$135B
| $460K | 0.15% |
2,500
| – | – |
|
97
Sherwin-Williams
SHW
$87.4B
| $455K | 0.14% |
3,000
| – | – |
|
|
CHK
98
DELISTED
Chesapeake Energy Corporation
CHK
| $449K | 0.14% |
500
| – | – |
|
99
Stanley Black & Decker
SWK
$15.5B
| $439K | 0.14% |
3,000
| – | – |
|
100
Hershey
HSY
$37B
| $408K | 0.13% |
4,000
| – | – |
|
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Gifford Fong Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Gifford Fong Associates held 117 positions worth $314M, up 8.6% from $289M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q3 2018: portfolio turnover was 4.3%. Gifford Fong Associates opened 5 new positions and made no exits, leaving the 117-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 25% a quarter earlier, followed by Technology and Healthcare.
- Gifford Fong Associates's largest Q3 2018 buy was US Steel: 162,700 shares worth $4.96M.
- Gifford Fong Associates added most to Marathon Oil Corporation in Q3 2018, an estimated $1.05M increase.
- Gifford Fong Associates's biggest Q3 2018 reduction was Cisco, cutting an estimated $6.75M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $314M portfolio in Q3 2018.
- Gifford Fong Associates opened 5 new positions and closed 0 in Q3 2018.
- Gifford Fong Associates's portfolio value rose 8.6% quarter-over-quarter to $314M.
Based on Gifford Fong Associates's 13F filing for Q3 2018, filed 8 Nov 2018.