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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
+10.59%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$476M
AUM Growth
+$41.5M
(+9.5%)
Cap. Flow
+$1.9M
Cap. Flow
% of AUM
0.4%
Top 10 Holdings %
Top 10 Hldgs %
38.73%
Holding
123
New
–
Increased
2
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$5.04M |
| 2 |
Occidental Petroleum
OXY
|
+$2.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$5.23M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$172K |
| 3 |
Solventum
SOLV
|
+$73 |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.36% |
| 2 | Financials | 22.97% |
| 3 | Communication Services | 11.17% |
| 4 | Industrials | 8.97% |
| 5 | Consumer Discretionary | 8.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Public Storage
PSA
$60.4B
| $1.44M | 0.3% |
5,000
| – | – |
|
77
GE HealthCare
GEHC
$32.6B
| $1.43M | 0.3% |
19,012
| – | – |
|
78
Prudential Financial
PRU
$42.3B
| $1.4M | 0.29% |
13,500
| – | – |
|
79
Simon Property Group
SPG
$71.4B
| $1.31M | 0.28% |
7,000
| – | – |
|
80
Zoom
ZM
$30.8B
| $1.24M | 0.26% |
15,000
| – | – |
|
81
MetLife
MET
$61.4B
| $1.24M | 0.26% |
15,000
| – | – |
|
82
Progressive
PGR
$121B
| $1.24M | 0.26% |
5,000
| – | – |
|
83
Nike
NKE
$60.1B
| $1.05M | 0.22% |
15,000
| – | – |
|
84
Sherwin-Williams
SHW
$87.4B
| $1.04M | 0.22% |
3,000
| – | – |
|
85
Gilead Sciences
GILD
$168B
| $999K | 0.21% |
9,000
| – | – |
|
86
United Parcel Service
UPS
$88.4B
| $986K | 0.21% |
11,800
| – | – |
|
87
Dell
DELL
$313B
| $985K | 0.21% |
6,946
| – | – |
|
88
Analog Devices
ADI
$187B
| $983K | 0.21% |
4,000
| – | – |
|
89
ITT
ITT
$19.4B
| $894K | 0.19% |
5,000
| – | – |
|
90
Qualcomm
QCOM
$171B
| $832K | 0.17% |
5,000
| – | – |
|
91
Colgate-Palmolive
CL
$73.6B
| $831K | 0.17% |
10,400
| – | – |
|
92
Biogen
BIIB
$30.9B
| $805K | 0.17% |
5,750
| – | – |
|
93
Bank of America
BAC
$453B
| $781K | 0.16% |
15,147
| – | – |
|
94
Transocean
RIG
$6.37B
| $780K | 0.16% |
250,000
| – | – |
|
95
W.R. Berkley
WRB
$25.9B
| $776K | 0.16% |
10,125
| – | – |
|
96
Hershey
HSY
$37B
| $748K | 0.16% |
4,000
| – | – |
|
97
EOG Resources
EOG
$75.1B
| $673K | 0.14% |
6,000
| – | – |
|
98
Loews
L
$23.1B
| $673K | 0.14% |
6,700
| – | – |
|
99
Corteva
CTVA
$50.4B
| $665K | 0.14% |
9,828
| – | – |
|
100
Baxter International
BAX
$13.9B
| $660K | 0.14% |
29,000
| – | – |
|
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Gifford Fong Associates's Q3 2025 Portfolio in Review
As of Q3 2025, Gifford Fong Associates held 123 positions worth $476M, up 9.5% from $434M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q3 2025: portfolio turnover was 0.81%. Gifford Fong Associates opened no new positions and exited 1, leaving the 123-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 30% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Salesforce in Q3 2025, an estimated $5.04M increase.
- Gifford Fong Associates's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $5.23M.
- Gifford Fong Associates fully exited Walgreens Boots Alliance in Q3 2025, selling an estimated $172K.
- Gifford Fong Associates's ten largest holdings make up 39% of its $476M portfolio in Q3 2025.
- Gifford Fong Associates opened 0 new positions and closed 1 in Q3 2025.
- Gifford Fong Associates's portfolio value rose 9.5% quarter-over-quarter to $476M.
Based on Gifford Fong Associates's 13F filing for Q3 2025, filed 3 Nov 2025.