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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
+14.27%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$426M
AUM Growth
+$46.2M
(+12%)
Cap. Flow
+$2.61M
Cap. Flow
% of AUM
0.61%
Top 10 Holdings %
Top 10 Hldgs %
40.81%
Holding
141
New
–
Increased
4
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco
IVZ
|
+$724K |
| 2 |
Bank of America
BAC
|
+$713K |
| 3 |
Franklin Resources
BEN
|
+$646K |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$526K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.88% |
| 2 | Financials | 17.78% |
| 3 | Healthcare | 11.31% |
| 4 | Communication Services | 9.46% |
| 5 | Consumer Discretionary | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Aflac
AFL
$60.5B
| $1.44M | 0.34% |
20,600
| – | – |
|
77
Cisco
CSCO
$488B
| $1.37M | 0.32% |
26,540
| – | – |
|
78
Baxter International
BAX
$13.9B
| $1.32M | 0.31% |
29,000
| – | – |
|
79
PNC Financial Services
PNC
$102B
| $1.26M | 0.3% |
10,000
| – | – |
|
80
Micron Technology
MU
$1.03T
| $1.25M | 0.29% |
19,800
| – | – |
|
81
Travelers Companies
TRV
$77.2B
| $1.22M | 0.29% |
7,000
| – | – |
|
82
Prudential Financial
PRU
$42.3B
| $1.19M | 0.28% |
13,500
| – | – |
|
83
American International
AIG
$39.8B
| $1.1M | 0.26% |
19,100
| – | – |
|
84
Zoom
ZM
$30.8B
| $1.02M | 0.24% |
15,000
| – | – |
|
85
Hershey
HSY
$37B
| $999K | 0.23% |
4,000
| – | – |
|
86
RTX Corp
RTX
$300B
| $980K | 0.23% |
10,000
| – | – |
|
87
3M
MMM
$94.8B
| $976K | 0.23% |
11,661
| – | – |
|
88
Parker-Hannifin
PH
$135B
| $975K | 0.23% |
2,500
| – | – |
|
|
X
89
DELISTED
US Steel
X
| $943K | 0.22% |
37,700
| – | – |
|
90
APA Corp
APA
$14B
| $854K | 0.2% |
25,000
| – | – |
|
91
MetLife
MET
$61.4B
| $848K | 0.2% |
15,000
| – | – |
|
|
BNY
92
Bank of New York Mellon
BNY
$111B
| $840K | 0.2% |
18,872
| – | – |
|
|
PXD
93
DELISTED
Pioneer Natural Resource Co.
PXD
| $829K | 0.19% |
4,000
+2,500
| +167% | +$526K |
|
94
Simon Property Group
SPG
$71.4B
| $808K | 0.19% |
7,000
| – | – |
|
95
Hormel Foods
HRL
$13.4B
| $804K | 0.19% |
20,000
| – | – |
|
96
Spotify
SPOT
$101B
| $803K | 0.19% |
5,000
| – | – |
|
97
Colgate-Palmolive
CL
$73.6B
| $801K | 0.19% |
10,400
| – | – |
|
98
Bausch Health
BHC
$2.32B
| $800K | 0.19% |
100,000
| – | – |
|
99
Sherwin-Williams
SHW
$87.4B
| $797K | 0.19% |
3,000
| – | – |
|
100
Analog Devices
ADI
$187B
| $779K | 0.18% |
4,000
| – | – |
|
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Gifford Fong Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Gifford Fong Associates held 141 positions worth $426M, up 12% from $380M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 0%. Gifford Fong Associates opened no new positions and made no exits, leaving the 141-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 30% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates added most to Invesco in Q2 2023, an estimated $724K increase.
- Gifford Fong Associates's ten largest holdings make up 41% of its $426M portfolio in Q2 2023.
- Gifford Fong Associates opened 0 new positions and closed 0 in Q2 2023.
- Gifford Fong Associates's portfolio value rose 12% quarter-over-quarter to $426M.
Based on Gifford Fong Associates's 13F filing for Q2 2023, filed 14 Aug 2023.