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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
+5.73%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$377M
AUM Growth
+$14.8M
(+4.1%)
Cap. Flow
+$1.85M
Cap. Flow
% of AUM
0.49%
Top 10 Holdings %
Top 10 Hldgs %
39.48%
Holding
129
New
2
Increased
2
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$3.79M |
| 2 |
Franklin Resources
BEN
|
+$1.81M |
| 3 |
GE Vernova
GEV
|
+$1.52M |
| 4 |
Solventum
SOLV
|
+$148K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$3.67M |
| 2 |
GE Aerospace
GE
|
+$1.55M |
| 3 |
3M
MMM
|
+$186K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.82% |
| 2 | Financials | 21.05% |
| 3 | Communication Services | 10.87% |
| 4 | Consumer Discretionary | 8.84% |
| 5 | Healthcare | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Tesla
TSLA
$1.29T
| $1.34M | 0.36% |
6,782
| – | – |
|
77
Transocean
RIG
$6.37B
| $1.34M | 0.35% |
250,000
| – | – |
|
78
Biogen
BIIB
$30.9B
| $1.33M | 0.35% |
5,750
| – | – |
|
79
Parker-Hannifin
PH
$135B
| $1.26M | 0.34% |
2,500
| – | – |
|
80
Cisco
CSCO
$488B
| $1.26M | 0.33% |
26,540
| – | – |
|
81
Nike
NKE
$60.1B
| $1.13M | 0.3% |
15,000
| – | – |
|
|
BNY
82
Bank of New York Mellon
BNY
$111B
| $1.13M | 0.3% |
18,872
| – | – |
|
83
Simon Property Group
SPG
$71.4B
| $1.06M | 0.28% |
7,000
| – | – |
|
84
MetLife
MET
$61.4B
| $1.05M | 0.28% |
15,000
| – | – |
|
85
Progressive
PGR
$121B
| $1.04M | 0.28% |
5,000
| – | – |
|
86
Colgate-Palmolive
CL
$73.6B
| $1.01M | 0.27% |
10,400
| – | – |
|
87
RTX Corp
RTX
$300B
| $1M | 0.27% |
10,000
| – | – |
|
|
88
3M
MMM
$94.8B
| $996K | 0.26% |
9,750
-1,911
| -16% | -$186K |
|
89
Qualcomm
QCOM
$171B
| $996K | 0.26% |
5,000
| – | – |
|
90
Baxter International
BAX
$13.9B
| $970K | 0.26% |
29,000
| – | – |
|
91
Dell
DELL
$313B
| $958K | 0.25% |
6,946
| – | – |
|
92
Analog Devices
ADI
$187B
| $913K | 0.24% |
4,000
| – | – |
|
93
Sherwin-Williams
SHW
$87.4B
| $895K | 0.24% |
3,000
| – | – |
|
94
Zoom
ZM
$30.8B
| $888K | 0.24% |
15,000
| – | – |
|
95
EOG Resources
EOG
$75.1B
| $755K | 0.2% |
6,000
| – | – |
|
96
APA Corp
APA
$14B
| $736K | 0.2% |
25,000
| – | – |
|
97
Hershey
HSY
$37B
| $735K | 0.19% |
4,000
| – | – |
|
98
Deutsche Bank
DB
$72.4B
| $717K | 0.19% |
45,000
| – | – |
|
99
Bausch Health
BHC
$2.32B
| $697K | 0.18% |
100,000
| – | – |
|
100
Manulife Financial
MFC
$72.6B
| $666K | 0.18% |
25,000
| – | – |
|
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Gifford Fong Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Gifford Fong Associates held 129 positions worth $377M, up 4.1% from $363M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2024: portfolio turnover was 2.3%. Gifford Fong Associates opened 2 new positions and exited 1, leaving the 129-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q2 2024 buy was GE Vernova: 9,575 shares worth $1.64M.
- Gifford Fong Associates added most to ExxonMobil in Q2 2024, an estimated $3.79M increase.
- Gifford Fong Associates's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $1.55M.
- Gifford Fong Associates fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $3.67M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $377M portfolio in Q2 2024.
- Gifford Fong Associates opened 2 new positions and closed 1 in Q2 2024.
- Gifford Fong Associates's portfolio value rose 4.1% quarter-over-quarter to $377M.
Based on Gifford Fong Associates's 13F filing for Q2 2024, filed 12 Aug 2024.