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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
+2.93%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$299M
AUM Growth
-$3.9M
(-1.3%)
Cap. Flow
-$9.48M
Cap. Flow
% of AUM
-3.17%
Top 10 Holdings %
Top 10 Hldgs %
36.94%
Holding
121
New
2
Increased
2
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$2.45M |
| 2 |
Advanced Micro Devices
AMD
|
+$713K |
| 3 |
Dow Inc
DOW
|
+$519K |
| 4 |
Corteva
CTVA
|
+$264K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$4.87M |
| 2 |
Emerson Electric
EMR
|
+$3.35M |
| 3 |
JPMorgan Chase
JPM
|
+$2.76M |
| 4 |
Walt Disney
DIS
|
+$1.99M |
| 5 |
DuPont de Nemours
DD
|
+$455K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.18% |
| 2 | Technology | 15.31% |
| 3 | Healthcare | 12.25% |
| 4 | Consumer Discretionary | 12.09% |
| 5 | Communication Services | 11.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Progressive
PGR
$122B
| $400K | 0.13% |
5,000
| – | – |
|
102
Loews
L
$23.2B
| $366K | 0.12% |
6,700
| – | – |
|
103
Dell
DELL
$300B
| $353K | 0.12% |
13,704
| – | – |
|
104
Biogen
BIIB
$30.4B
| $351K | 0.12% |
1,500
| – | – |
|
105
Deutsche Bank
DB
$72.2B
| $343K | 0.11% |
45,000
| – | – |
|
106
ITT
ITT
$19.3B
| $327K | 0.11% |
5,000
| – | – |
|
107
W.R. Berkley
WRB
$26.1B
| $297K | 0.1% |
10,125
| – | – |
|
|
108
Corteva
CTVA
$50.1B
| $291K | 0.1% |
+9,828
| New | +$264K |
|
109
NOV
NOV
$7.42B
| $267K | 0.09% |
12,000
| – | – |
|
110
Merck
MRK
$328B
| $243K | 0.08% |
3,039
| – | – |
|
111
Mercury Insurance
MCY
$5.88B
| $188K | 0.06% |
3,000
| – | – |
|
112
Halliburton
HAL
$28B
| $182K | 0.06% |
8,000
| – | – |
|
113
OGE Energy
OGE
$9.67B
| $170K | 0.06% |
4,000
| – | – |
|
114
Nucor
NUE
$61.7B
| $165K | 0.06% |
3,000
| – | – |
|
115
Wabtec
WAB
$50.1B
| $130K | 0.04% |
1,806
| – | – |
|
|
AIG.WS
116
DELISTED
American International Group, Inc.
AIG.WS
| $104K | 0.03% |
8,516
| – | – |
|
117
CVS Health
CVS
$120B
| $91K | 0.03% |
1,675
| – | – |
|
118
Resideo Technologies
REZI
$3.54B
| $52K | 0.02% |
2,350
| – | – |
|
119
Brighthouse Financial
BHF
$3.41B
| $50K | 0.02% |
1,363
| – | – |
|
120
Garrett Motion
GTX
$5.48B
| $22K | 0.01% |
1,410
| – | – |
|
121
AdvanSix
ASIX
$431M
| $14K | ﹤0.01% |
564
| – | – |
|
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Gifford Fong Associates's Q2 2019 Portfolio in Review
As of Q2 2019, Gifford Fong Associates held 121 positions worth $299M, down 1.3% from $303M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Gifford Fong Associates withdrew a net $9.48M in Q2 2019, reducing 5 holdings. Its largest reduction was Apple, cutting an estimated $4.87M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Gifford Fong Associates opened a new position in Dow Inc worth $485K.
- Gifford Fong Associates's largest Q2 2019 buy was Dow Inc: 9,828 shares worth $485K.
- Gifford Fong Associates added most to Amgen in Q2 2019, an estimated $2.45M increase.
- Gifford Fong Associates's biggest Q2 2019 reduction was Apple, cutting an estimated $4.87M.
- Gifford Fong Associates's ten largest holdings make up 37% of its $299M portfolio in Q2 2019.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q2 2019.
- Gifford Fong Associates's portfolio value fell 1.3% quarter-over-quarter to $299M.
Based on Gifford Fong Associates's 13F filing for Q2 2019, filed 8 Aug 2019.