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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
+16.09%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$380M
AUM Growth
-$56.3M
(-13%)
Cap. Flow
-$98.9M
Cap. Flow
% of AUM
-26.04%
Top 10 Holdings %
Top 10 Hldgs %
36.23%
Holding
141
New
2
Increased
1
Reduced
21
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE HealthCare
GEHC
|
+$1.36M |
| 2 |
Occidental Petroleum
OXY
|
+$621K |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$322K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$15.1M |
| 2 |
NVIDIA
NVDA
|
+$14.1M |
| 3 |
Microsoft
MSFT
|
+$8.99M |
| 4 |
Amazon
AMZN
|
+$8.64M |
| 5 |
Bank of America
BAC
|
+$7.32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.06% |
| 2 | Financials | 18.78% |
| 3 | Healthcare | 12.48% |
| 4 | Communication Services | 9.82% |
| 5 | Industrials | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Aflac
AFL
$60.5B
| $1.33M | 0.35% |
20,600
| – | – |
|
77
PNC Financial Services
PNC
$102B
| $1.27M | 0.33% |
10,000
| – | – |
|
78
Travelers Companies
TRV
$77.2B
| $1.2M | 0.32% |
7,000
| – | – |
|
79
Micron Technology
MU
$1.03T
| $1.2M | 0.31% |
19,800
| – | – |
|
80
Baxter International
BAX
$13.9B
| $1.18M | 0.31% |
29,000
| – | – |
|
81
Prudential Financial
PRU
$42.3B
| $1.12M | 0.29% |
13,500
| – | – |
|
82
Zoom
ZM
$30.8B
| $1.11M | 0.29% |
15,000
| – | – |
|
83
Franklin Resources
BEN
$17.1B
| $1.09M | 0.29% |
40,480
| – | – |
|
84
3M
MMM
$94.8B
| $1.02M | 0.27% |
11,661
| – | – |
|
85
Hershey
HSY
$37B
| $1.02M | 0.27% |
4,000
| – | – |
|
|
X
86
DELISTED
US Steel
X
| $984K | 0.26% |
37,700
| – | – |
|
87
RTX Corp
RTX
$300B
| $979K | 0.26% |
10,000
| – | – |
|
88
American International
AIG
$39.8B
| $962K | 0.25% |
19,100
| – | – |
|
89
APA Corp
APA
$14B
| $902K | 0.24% |
25,000
| – | – |
|
90
MetLife
MET
$61.4B
| $869K | 0.23% |
15,000
| – | – |
|
|
BNY
91
Bank of New York Mellon
BNY
$111B
| $858K | 0.23% |
18,872
| – | – |
|
92
Parker-Hannifin
PH
$135B
| $840K | 0.22% |
2,500
| – | – |
|
93
Bausch Health
BHC
$2.32B
| $810K | 0.21% |
100,000
| – | – |
|
94
Hormel Foods
HRL
$13.4B
| $798K | 0.21% |
20,000
| – | – |
|
95
Analog Devices
ADI
$187B
| $789K | 0.21% |
4,000
| – | – |
|
96
Simon Property Group
SPG
$71.4B
| $784K | 0.21% |
7,000
| – | – |
|
97
Colgate-Palmolive
CL
$73.6B
| $782K | 0.21% |
10,400
| – | – |
|
98
Progressive
PGR
$121B
| $715K | 0.19% |
5,000
| – | – |
|
99
EOG Resources
EOG
$75.1B
| $688K | 0.18% |
6,000
| – | – |
|
100
Sherwin-Williams
SHW
$87.4B
| $674K | 0.18% |
3,000
| – | – |
|
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Gifford Fong Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Gifford Fong Associates held 141 positions worth $380M, down 13% from $436M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Gifford Fong Associates withdrew a net $98.9M in Q1 2023, reducing 21 holdings. Its largest reduction was Apple, cutting an estimated $15.1M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Gifford Fong Associates opened a new position in GE HealthCare worth $1.56M.
- Gifford Fong Associates's largest Q1 2023 buy was GE HealthCare: 19,012 shares worth $1.56M.
- Gifford Fong Associates added most to Occidental Petroleum in Q1 2023, an estimated $621K increase.
- Gifford Fong Associates's biggest Q1 2023 reduction was Apple, cutting an estimated $15.1M.
- Gifford Fong Associates's ten largest holdings make up 36% of its $380M portfolio in Q1 2023.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q1 2023.
- Gifford Fong Associates's portfolio value fell 13% quarter-over-quarter to $380M.
Based on Gifford Fong Associates's 13F filing for Q1 2023, filed 10 May 2023.