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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
+6.15%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$501M
AUM Growth
+$25.6M
(+5.4%)
Cap. Flow
+$4.68M
Cap. Flow
% of AUM
0.93%
Top 10 Holdings %
Top 10 Hldgs %
38.52%
Holding
124
New
2
Increased
2
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$2.49M |
| 2 |
Advanced Micro Devices
AMD
|
+$2.25M |
| 3 |
Q
Qnity Electronics Inc
Q
|
+$198K |
| 4 |
SOLS
Solstice Advanced Materials
SOLS
|
+$166K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$243K |
| 2 |
Honeywell
HON
|
+$168K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.89% |
| 2 | Financials | 23.21% |
| 3 | Communication Services | 11.2% |
| 4 | Industrials | 8.8% |
| 5 | Consumer Discretionary | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
EOG Resources
EOG
$79.2B
| $630K | 0.13% |
6,000
| – | – |
|
102
Globe Life
GL
$14.2B
| $629K | 0.13% |
4,500
| – | – |
|
103
KeyCorp
KEY
$24.2B
| $619K | 0.12% |
30,000
| – | – |
|
104
APA Corp
APA
$13.2B
| $612K | 0.12% |
25,000
| – | – |
|
105
Deutsche Bank
DB
$69B
| $578K | 0.12% |
15,000
| – | – |
|
106
Baxter International
BAX
$13.5B
| $554K | 0.11% |
29,000
| – | – |
|
107
Carrier Global
CARR
$51B
| $528K | 0.11% |
10,000
| – | – |
|
108
Nucor
NUE
$58.6B
| $489K | 0.1% |
3,000
| – | – |
|
109
Hormel Foods
HRL
$13.8B
| $474K | 0.09% |
20,000
| – | – |
|
110
Warner Bros
WBD
$65.9B
| $397K | 0.08% |
13,760
| – | – |
|
111
Wabtec
WAB
$49.1B
| $385K | 0.08% |
1,806
| – | – |
|
112
International Flavors & Fragrances
IFF
$20.2B
| $250K | 0.05% |
3,707
| – | – |
|
113
Dow Inc
DOW
$21.9B
| $230K | 0.05% |
9,828
| – | – |
|
114
Halliburton
HAL
$26.9B
| $226K | 0.05% |
8,000
| – | – |
|
115
Stanley Black & Decker
SWK
$14.3B
| $223K | 0.04% |
3,000
| – | – |
|
116
Viatris
VTRS
$20.4B
| $193K | 0.04% |
15,476
| – | – |
|
117
Solventum
SOLV
$14.8B
| $193K | 0.04% |
2,437
| – | – |
|
118
BlackBerry
BB
$4.98B
| $190K | 0.04% |
50,000
| – | – |
|
|
Q
119
Qnity Electronics Inc
Q
$27.5B
| $190K | 0.04% |
+2,332
| New | +$198K |
|
|
120
DuPont de Nemours
DD
$18.5B
| $188K | 0.04% |
1,555
-2,161
| -58% | -$243K |
|
121
NOV
NOV
$6.93B
| $188K | 0.04% |
12,000
| – | – |
|
|
SOLS
122
Solstice Advanced Materials
SOLS
$9.56B
| $171K | 0.03% |
+3,525
| New | +$166K |
|
123
CVS Health
CVS
$133B
| $133K | 0.03% |
1,675
| – | – |
|
124
Emerson Electric
EMR
$83.9B
| $24K | ﹤0.01% |
178
| – | – |
|
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Gifford Fong Associates's Q4 2025 Portfolio in Review
As of Q4 2025, Gifford Fong Associates held 124 positions worth $501M, up 5.4% from $476M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q4 2025: portfolio turnover was 1.6%. Gifford Fong Associates opened 2 new positions and made no exits, leaving the 124-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2025 buy was Qnity Electronics Inc: 2,332 shares worth $190K.
- Gifford Fong Associates added most to Salesforce in Q4 2025, an estimated $2.49M increase.
- Gifford Fong Associates's biggest Q4 2025 reduction was DuPont de Nemours, cutting an estimated $243K.
- Gifford Fong Associates's ten largest holdings make up 39% of its $501M portfolio in Q4 2025.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q4 2025.
- Gifford Fong Associates's portfolio value rose 5.4% quarter-over-quarter to $501M.
Based on Gifford Fong Associates's 13F filing for Q4 2025, filed 10 Feb 2026.