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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
+23.98%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$330M
AUM Growth
+$57.5M
(+21%)
Cap. Flow
-$3.11M
Cap. Flow
% of AUM
-0.94%
Top 10 Holdings %
Top 10 Hldgs %
43.6%
Holding
130
New
3
Increased
6
Reduced
3
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$5.73M |
| 2 |
Microsoft
MSFT
|
+$3.3M |
| 3 |
NVIDIA
NVDA
|
+$3.24M |
| 4 |
Merck
MRK
|
+$1.58M |
| 5 |
Qualcomm
QCOM
|
+$802K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$10.9M |
| 2 |
Tesla
TSLA
|
+$8.11M |
| 3 |
RTX Corp
RTX
|
+$368K |
| 4 |
CHK
Chesapeake Energy Corporation
CHK
|
+$52K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.85% |
| 2 | Financials | 19.47% |
| 3 | Healthcare | 13.24% |
| 4 | Consumer Discretionary | 12.27% |
| 5 | Communication Services | 11.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Dow Inc
DOW
$22.1B
| $401K | 0.12% |
9,828
| – | – |
|
102
Progressive
PGR
$121B
| $401K | 0.12% |
5,000
| – | – |
|
|
EV
103
DELISTED
Eaton Vance Corp.
EV
| $386K | 0.12% |
10,000
| – | – |
|
104
Dell
DELL
$313B
| $382K | 0.12% |
13,704
| – | – |
|
105
Lincoln National
LNC
$8.44B
| $368K | 0.11% |
10,000
| – | – |
|
106
KeyCorp
KEY
$24.5B
| $365K | 0.11% |
30,000
| – | – |
|
107
APA Corp
APA
$14B
| $338K | 0.1% |
25,000
| – | – |
|
108
Globe Life
GL
$13.8B
| $334K | 0.1% |
4,500
| – | – |
|
109
EOG Resources
EOG
$75.1B
| $304K | 0.09% |
6,000
| – | – |
|
110
ITT
ITT
$19.4B
| $294K | 0.09% |
5,000
| – | – |
|
111
Otis Worldwide
OTIS
$28.2B
| $284K | 0.09% |
+5,000
| New | +$259K |
|
112
Corteva
CTVA
$50.4B
| $263K | 0.08% |
9,828
| – | – |
|
113
W.R. Berkley
WRB
$25.9B
| $258K | 0.08% |
10,125
| – | – |
|
114
Loews
L
$23.1B
| $230K | 0.07% |
6,700
| – | – |
|
115
Carrier Global
CARR
$52B
| $222K | 0.07% |
+10,000
| New | +$186K |
|
116
Occidental Petroleum
OXY
$58.5B
| $183K | 0.06% |
10,000
| – | – |
|
117
NOV
NOV
$7.45B
| $147K | 0.04% |
12,000
| – | – |
|
118
Nucor
NUE
$61.9B
| $124K | 0.04% |
3,000
| – | – |
|
119
Mercury Insurance
MCY
$5.84B
| $122K | 0.04% |
3,000
| – | – |
|
120
OGE Energy
OGE
$9.69B
| $121K | 0.04% |
4,000
| – | – |
|
121
CVS Health
CVS
$121B
| $109K | 0.03% |
1,675
| – | – |
|
122
Halliburton
HAL
$27.7B
| $104K | 0.03% |
8,000
| – | – |
|
123
Wabtec
WAB
$49.9B
| $104K | 0.03% |
1,806
| – | – |
|
124
Transocean
RIG
$6.37B
| $92K | 0.03% |
50,000
| – | – |
|
125
Brighthouse Financial
BHF
$3.44B
| $38K | 0.01% |
1,363
| – | – |
|
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Gifford Fong Associates's Q2 2020 Portfolio in Review
As of Q2 2020, Gifford Fong Associates held 130 positions worth $330M, up 21% from $273M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Trading was light in Q2 2020: portfolio turnover was 3.1%. Gifford Fong Associates opened 3 new positions and exited 1, leaving the 130-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q2 2020 buy was First Horizon: 50,000 shares worth $498K.
- Gifford Fong Associates added most to UnitedHealth in Q2 2020, an estimated $5.73M increase.
- Gifford Fong Associates's biggest Q2 2020 reduction was Amazon, cutting an estimated $10.9M.
- Gifford Fong Associates fully exited Chesapeake Energy Corporation in Q2 2020, selling an estimated $52K.
- Gifford Fong Associates's ten largest holdings make up 44% of its $330M portfolio in Q2 2020.
- Gifford Fong Associates opened 3 new positions and closed 1 in Q2 2020.
- Gifford Fong Associates's portfolio value rose 21% quarter-over-quarter to $330M.
Based on Gifford Fong Associates's 13F filing for Q2 2020, filed 14 Aug 2020.