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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
+17.31%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$363M
AUM Growth
-$107M
(-23%)
Cap. Flow
-$173M
Cap. Flow
% of AUM
-47.6%
Top 10 Holdings %
Top 10 Hldgs %
35.97%
Holding
140
New
–
Increased
–
Reduced
25
Closed
13
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$65.8M |
| 2 |
Apple
AAPL
|
+$13.2M |
| 3 |
Bank of America
BAC
|
+$11.8M |
| 4 |
Eli Lilly
LLY
|
+$9.38M |
| 5 |
Amazon
AMZN
|
+$7.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.27% |
| 2 | Financials | 21.85% |
| 3 | Communication Services | 10.79% |
| 4 | Healthcare | 9.77% |
| 5 | Consumer Discretionary | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Texas Instruments
TXN
$253B
| $1.39M | 0.38% |
8,000
| – | – |
|
77
Parker-Hannifin
PH
$135B
| $1.39M | 0.38% |
2,500
| – | – |
|
78
Cisco
CSCO
$488B
| $1.32M | 0.37% |
26,540
| – | – |
|
79
Spotify
SPOT
$101B
| $1.32M | 0.36% |
5,000
| – | – |
|
80
Biogen
BIIB
$30.9B
| $1.24M | 0.34% |
5,750
-5,750
| -50% | -$1.35M |
|
81
Baxter International
BAX
$13.9B
| $1.24M | 0.34% |
29,000
| – | – |
|
82
Tesla
TSLA
$1.29T
| $1.19M | 0.33% |
6,782
-6,822
| -50% | -$1.33M |
|
83
MetLife
MET
$61.4B
| $1.11M | 0.31% |
15,000
| – | – |
|
84
Simon Property Group
SPG
$71.4B
| $1.09M | 0.3% |
7,000
| – | – |
|
|
BNY
85
Bank of New York Mellon
BNY
$111B
| $1.09M | 0.3% |
18,872
| – | – |
|
86
Bausch Health
BHC
$2.32B
| $1.06M | 0.29% |
100,000
| – | – |
|
87
Sherwin-Williams
SHW
$87.4B
| $1.04M | 0.29% |
3,000
| – | – |
|
88
3M
MMM
$94.8B
| $1.03M | 0.29% |
11,661
| – | – |
|
89
Progressive
PGR
$121B
| $1.03M | 0.29% |
5,000
| – | – |
|
90
Zoom
ZM
$30.8B
| $981K | 0.27% |
15,000
| – | – |
|
91
RTX Corp
RTX
$300B
| $975K | 0.27% |
10,000
| – | – |
|
92
Colgate-Palmolive
CL
$73.6B
| $937K | 0.26% |
10,400
| – | – |
|
93
APA Corp
APA
$14B
| $860K | 0.24% |
25,000
| – | – |
|
94
Qualcomm
QCOM
$171B
| $847K | 0.23% |
5,000
| – | – |
|
95
Dell
DELL
$313B
| $793K | 0.22% |
6,946
| – | – |
|
96
Analog Devices
ADI
$187B
| $791K | 0.22% |
4,000
| – | – |
|
97
Hershey
HSY
$37B
| $778K | 0.21% |
4,000
| – | – |
|
98
EOG Resources
EOG
$75.1B
| $767K | 0.21% |
6,000
| – | – |
|
99
Deutsche Bank
DB
$72.4B
| $710K | 0.2% |
45,000
| – | – |
|
100
Hormel Foods
HRL
$13.4B
| $698K | 0.19% |
20,000
| – | – |
|
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Gifford Fong Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Gifford Fong Associates held 140 positions worth $363M, down 23% from $470M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Gifford Fong Associates withdrew a net $173M in Q1 2024, closing 13 positions and reducing 25 holdings. Its most notable exit was Eli Lilly, an estimated $9.38M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 34% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $65.8M.
- Gifford Fong Associates fully exited Eli Lilly in Q1 2024, selling an estimated $9.38M.
- Gifford Fong Associates's ten largest holdings make up 36% of its $363M portfolio in Q1 2024.
- Gifford Fong Associates opened 0 new positions and closed 13 in Q1 2024.
- Gifford Fong Associates's portfolio value fell 23% quarter-over-quarter to $363M.
Based on Gifford Fong Associates's 13F filing for Q1 2024, filed 10 May 2024.