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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
-18.78%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$429M
AUM Growth
-$118M
(-22%)
Cap. Flow
-$1.55M
Cap. Flow
% of AUM
-0.36%
Top 10 Holdings %
Top 10 Hldgs %
42.47%
Holding
139
New
1
Increased
2
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$1.08M |
| 2 |
Warner Bros
WBD
|
+$645K |
| 3 |
Franklin Resources
BEN
|
+$384K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
X
US Steel
X
|
+$2.73M |
| 2 |
AT&T
T
|
+$928K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.07% |
| 2 | Financials | 21.05% |
| 3 | Healthcare | 12.76% |
| 4 | Communication Services | 11.21% |
| 5 | Consumer Discretionary | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Prudential Financial
PRU
$42.3B
| $1.29M | 0.3% |
13,500
| – | – |
|
77
3M
MMM
$94.8B
| $1.26M | 0.29% |
11,661
| – | – |
|
78
Texas Instruments
TXN
$253B
| $1.23M | 0.29% |
8,000
| – | – |
|
79
Travelers Companies
TRV
$77.2B
| $1.18M | 0.28% |
7,000
| – | – |
|
80
Aflac
AFL
$60.5B
| $1.14M | 0.27% |
20,600
| – | – |
|
81
Cisco
CSCO
$488B
| $1.13M | 0.26% |
26,540
| – | – |
|
82
Micron Technology
MU
$1.03T
| $1.09M | 0.26% |
19,800
| – | – |
|
83
American International
AIG
$39.8B
| $977K | 0.23% |
19,100
| – | – |
|
84
RTX Corp
RTX
$300B
| $961K | 0.22% |
10,000
| – | – |
|
85
Hormel Foods
HRL
$13.4B
| $947K | 0.22% |
20,000
| – | – |
|
|
86
Franklin Resources
BEN
$17.1B
| $944K | 0.22% |
40,480
+15,000
| +59% | +$384K |
|
87
MetLife
MET
$61.4B
| $942K | 0.22% |
15,000
| – | – |
|
|
TWTR
88
DELISTED
Twitter, Inc.
TWTR
| $935K | 0.22% |
25,000
| – | – |
|
89
APA Corp
APA
$14B
| $873K | 0.2% |
25,000
| – | – |
|
90
Hershey
HSY
$37B
| $861K | 0.2% |
4,000
| – | – |
|
91
Bausch Health
BHC
$2.32B
| $836K | 0.19% |
100,000
| – | – |
|
92
Colgate-Palmolive
CL
$73.6B
| $833K | 0.19% |
10,400
| – | – |
|
93
Transocean
RIG
$6.37B
| $833K | 0.19% |
250,000
| – | – |
|
|
BNY
94
Bank of New York Mellon
BNY
$111B
| $787K | 0.18% |
18,872
| – | – |
|
|
X
95
DELISTED
US Steel
X
| $675K | 0.16% |
37,700
-100,000
| -73% | -$2.73M |
|
96
Sherwin-Williams
SHW
$87.4B
| $672K | 0.16% |
3,000
| – | – |
|
97
Simon Property Group
SPG
$71.4B
| $664K | 0.15% |
7,000
| – | – |
|
98
EOG Resources
EOG
$75.1B
| $663K | 0.15% |
6,000
| – | – |
|
99
Qualcomm
QCOM
$171B
| $639K | 0.15% |
5,000
| – | – |
|
100
Parker-Hannifin
PH
$135B
| $615K | 0.14% |
2,500
| – | – |
|
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Gifford Fong Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Gifford Fong Associates held 139 positions worth $429M, down 22% from $547M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q2 2022: portfolio turnover was 0.72%. Gifford Fong Associates opened 1 new position and made no exits, leaving the 139-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q2 2022 buy was Warner Bros: 34,760 shares worth $466K.
- Gifford Fong Associates added most to Intel in Q2 2022, an estimated $1.08M increase.
- Gifford Fong Associates's biggest Q2 2022 reduction was US Steel, cutting an estimated $2.73M.
- Gifford Fong Associates's ten largest holdings make up 42% of its $429M portfolio in Q2 2022.
- Gifford Fong Associates opened 1 new position and closed 0 in Q2 2022.
- Gifford Fong Associates's portfolio value fell 22% quarter-over-quarter to $429M.
Based on Gifford Fong Associates's 13F filing for Q2 2022, filed 11 Aug 2022.