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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
+23.98%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$330M
AUM Growth
+$57.5M
Cap. Flow
-$3.11M
Cap. Flow %
-0.94%
Top 10 Hldgs %
43.6%
Holding
130
New
3
Increased
6
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$5.73M
2
MSFT icon
Microsoft
MSFT
+$3.3M
3
NVDA icon
NVIDIA
NVDA
+$3.24M
4
MRK icon
Merck
MRK
+$1.58M
5
QCOM icon
Qualcomm
QCOM
+$802K

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$10.9M
2
TSLA icon
Tesla
TSLA
+$8.11M
3
RTX icon
RTX Corp
RTX
+$368K
4
CHK
Chesapeake Energy Corporation
CHK
+$52K

Sector Composition

Rank Sector Weight
1 Technology 27.85%
2 Financials 19.47%
3 Healthcare 13.24%
4 Consumer Discretionary 12.27%
5 Communication Services 11.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HRL icon
76
Hormel Foods
HRL
$13.4B
$965K 0.29%
20,000
– –
PSA icon
77
Public Storage
PSA
$60.4B
$959K 0.29%
5,000
– –
DE icon
78
Deere & Co
DE
$167B
$927K 0.28%
5,900
– –
PRU icon
79
Prudential Financial
PRU
$42.3B
$822K 0.25%
13,500
– –
TRV icon
80
Travelers Companies
TRV
$77.2B
$798K 0.24%
7,000
– –
CL icon
81
Colgate-Palmolive
CL
$73.6B
$762K 0.23%
10,400
– –
TWTR
82
DELISTED
Twitter, Inc.
TWTR
$745K 0.23%
25,000
– –
AFL icon
83
Aflac
AFL
$60.5B
$742K 0.22%
20,600
– –
BNY
84
Bank of New York Mellon
BNY
$111B
$729K 0.22%
18,872
– –
COP icon
85
ConocoPhillips
COP
$153B
$672K 0.2%
16,000
– –
CIEN icon
86
Ciena
CIEN
$61.2B
$664K 0.2%
12,255
– –
RTX icon
87
RTX Corp
RTX
$300B
$616K 0.19%
10,000
-5,890
-37% -$368K
AIG icon
88
American International
AIG
$39.8B
$596K 0.18%
19,100
– –
SHW icon
89
Sherwin-Williams
SHW
$87.4B
$578K 0.18%
3,000
– –
MET icon
90
MetLife
MET
$61.4B
$548K 0.17%
15,000
– –
DD icon
91
DuPont de Nemours
DD
$19.5B
$522K 0.16%
7,830
– –
HSY icon
92
Hershey
HSY
$37B
$518K 0.16%
4,000
– –
FHN icon
93
First Horizon
FHN
$12.3B
$498K 0.15%
+50,000
New +$454K
XLNX
94
DELISTED
Xilinx Inc
XLNX
$492K 0.15%
5,000
– –
ADI icon
95
Analog Devices
ADI
$187B
$491K 0.15%
4,000
– –
SPG icon
96
Simon Property Group
SPG
$71.4B
$479K 0.15%
7,000
– –
PH icon
97
Parker-Hannifin
PH
$135B
$458K 0.14%
2,500
– –
USB icon
98
US Bancorp
USB
$101B
$442K 0.13%
12,000
– –
DB icon
99
Deutsche Bank
DB
$72.4B
$428K 0.13%
45,000
– –
SWK icon
100
Stanley Black & Decker
SWK
$15.5B
$418K 0.13%
3,000
– –
2 3
4
5 6

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CIP
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LRWA
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VW
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MG
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Gifford Fong Associates's Q2 2020 Portfolio in Review

As of Q2 2020, Gifford Fong Associates held 130 positions worth $330M, up 21% from $273M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Trading was light in Q2 2020: portfolio turnover was 3.1%. Gifford Fong Associates opened 3 new positions and exited 1, leaving the 130-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • Gifford Fong Associates's largest Q2 2020 buy was First Horizon: 50,000 shares worth $498K.
  • Gifford Fong Associates added most to UnitedHealth in Q2 2020, an estimated $5.73M increase.
  • Gifford Fong Associates's biggest Q2 2020 reduction was Amazon, cutting an estimated $10.9M.
  • Gifford Fong Associates fully exited Chesapeake Energy Corporation in Q2 2020, selling an estimated $52K.
  • Gifford Fong Associates's ten largest holdings make up 44% of its $330M portfolio in Q2 2020.
  • Gifford Fong Associates opened 3 new positions and closed 1 in Q2 2020.
  • Gifford Fong Associates's portfolio value rose 21% quarter-over-quarter to $330M.

Based on Gifford Fong Associates's 13F filing for Q2 2020, filed 14 Aug 2020.