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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
+14.76%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$434M
AUM Growth
+$32.4M
(+8.1%)
Cap. Flow
-$12.4M
Cap. Flow
% of AUM
-2.86%
Top 10 Holdings %
Top 10 Hldgs %
38.84%
Holding
126
New
–
Increased
1
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$1.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$3.15M |
| 2 |
Gilead Sciences
GILD
|
+$2.66M |
| 3 |
Philip Morris
PM
|
+$2.65M |
| 4 |
X
US Steel
X
|
+$1.59M |
| 5 |
AT&T
T
|
+$1.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.2% |
| 2 | Financials | 23.44% |
| 3 | Communication Services | 11.2% |
| 4 | Industrials | 9.13% |
| 5 | Consumer Discretionary | 8.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
GE HealthCare
GEHC
$32.6B
| $1.41M | 0.32% |
19,012
| – | – |
|
77
Progressive
PGR
$121B
| $1.33M | 0.31% |
5,000
| – | – |
|
78
MetLife
MET
$61.4B
| $1.21M | 0.28% |
15,000
| – | – |
|
79
United Parcel Service
UPS
$88.4B
| $1.19M | 0.27% |
11,800
| – | – |
|
80
Zoom
ZM
$30.8B
| $1.17M | 0.27% |
15,000
| – | – |
|
81
Simon Property Group
SPG
$71.4B
| $1.13M | 0.26% |
7,000
| – | – |
|
82
Lumen
LUMN
$6.49B
| $1.09M | 0.25% |
250,000
| – | – |
|
83
Nike
NKE
$60.1B
| $1.07M | 0.25% |
15,000
| – | – |
|
84
Sherwin-Williams
SHW
$87.4B
| $1.03M | 0.24% |
3,000
| – | – |
|
|
85
Gilead Sciences
GILD
$168B
| $998K | 0.23% |
9,000
-25,000
| -74% | -$2.66M |
|
86
Ciena
CIEN
$61.2B
| $997K | 0.23% |
12,255
| – | – |
|
87
Analog Devices
ADI
$187B
| $952K | 0.22% |
4,000
| – | – |
|
88
Colgate-Palmolive
CL
$73.6B
| $945K | 0.22% |
10,400
| – | – |
|
89
Baxter International
BAX
$13.9B
| $878K | 0.2% |
29,000
| – | – |
|
90
Dell
DELL
$313B
| $852K | 0.2% |
6,946
| – | – |
|
91
Qualcomm
QCOM
$171B
| $796K | 0.18% |
5,000
| – | – |
|
92
ITT
ITT
$19.4B
| $784K | 0.18% |
5,000
| – | – |
|
93
W.R. Berkley
WRB
$25.9B
| $744K | 0.17% |
10,125
| – | – |
|
94
Carrier Global
CARR
$52B
| $732K | 0.17% |
10,000
| – | – |
|
95
Corteva
CTVA
$50.4B
| $732K | 0.17% |
9,828
| – | – |
|
96
Biogen
BIIB
$30.9B
| $722K | 0.17% |
5,750
| – | – |
|
97
EOG Resources
EOG
$75.1B
| $718K | 0.17% |
6,000
| – | – |
|
98
Bank of America
BAC
$453B
| $717K | 0.17% |
15,147
| – | – |
|
99
Bausch Health
BHC
$2.32B
| $666K | 0.15% |
100,000
| – | – |
|
100
Hershey
HSY
$37B
| $664K | 0.15% |
4,000
| – | – |
|
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Gifford Fong Associates's Q2 2025 Portfolio in Review
As of Q2 2025, Gifford Fong Associates held 126 positions worth $434M, up 8.1% from $402M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2025: portfolio turnover was 2.4%. Gifford Fong Associates opened no new positions and exited 3, leaving the 126-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Occidental Petroleum in Q2 2025, an estimated $1.1M increase.
- Gifford Fong Associates's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $3.15M.
- Gifford Fong Associates fully exited Philip Morris in Q2 2025, selling an estimated $2.65M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $434M portfolio in Q2 2025.
- Gifford Fong Associates opened 0 new positions and closed 3 in Q2 2025.
- Gifford Fong Associates's portfolio value rose 8.1% quarter-over-quarter to $434M.
Based on Gifford Fong Associates's 13F filing for Q2 2025, filed 13 Aug 2025.