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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
+15.77%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$431M
AUM Growth
+$57.7M
(+15%)
Cap. Flow
+$6.12M
Cap. Flow
% of AUM
1.42%
Top 10 Holdings %
Top 10 Hldgs %
44%
Holding
136
New
4
Increased
2
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$7.93M |
| 2 |
Shopify
SHOP
|
+$7.35M |
| 3 |
Zoom
ZM
|
+$6.69M |
| 4 |
Lumen
LUMN
|
+$1.48M |
| 5 |
Franklin Resources
BEN
|
+$1.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$12.6M |
| 2 |
Intel
INTC
|
+$2.44M |
| 3 |
Advanced Micro Devices
AMD
|
+$2.16M |
| 4 |
Micron Technology
MU
|
+$1.51M |
| 5 |
Pfizer
PFE
|
+$247K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.12% |
| 2 | Financials | 20.88% |
| 3 | Communication Services | 12.04% |
| 4 | Consumer Discretionary | 11.21% |
| 5 | Healthcare | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Simon Property Group
SPG
$71.4B
| $597K | 0.14% |
7,000
| – | – |
|
102
Analog Devices
ADI
$187B
| $591K | 0.14% |
4,000
| – | – |
|
103
US Bancorp
USB
$101B
| $559K | 0.13% |
12,000
| – | – |
|
104
Dow Inc
DOW
$22.1B
| $545K | 0.13% |
9,828
| – | – |
|
105
Stanley Black & Decker
SWK
$15.5B
| $536K | 0.12% |
3,000
| – | – |
|
106
Dell
DELL
$313B
| $509K | 0.12% |
13,704
| – | – |
|
107
Lincoln National
LNC
$8.44B
| $503K | 0.12% |
10,000
| – | – |
|
108
Progressive
PGR
$121B
| $494K | 0.11% |
5,000
| – | – |
|
109
KeyCorp
KEY
$24.5B
| $492K | 0.11% |
30,000
| – | – |
|
110
Deutsche Bank
DB
$72.4B
| $491K | 0.11% |
45,000
| – | – |
|
111
Globe Life
GL
$13.8B
| $427K | 0.1% |
4,500
| – | – |
|
112
ITT
ITT
$19.4B
| $385K | 0.09% |
5,000
| – | – |
|
113
Corteva
CTVA
$50.4B
| $381K | 0.09% |
9,828
| – | – |
|
114
Carrier Global
CARR
$52B
| $377K | 0.09% |
10,000
| – | – |
|
115
APA Corp
APA
$14B
| $355K | 0.08% |
25,000
| – | – |
|
116
Otis Worldwide
OTIS
$28.2B
| $338K | 0.08% |
5,000
| – | – |
|
117
Loews
L
$23.1B
| $302K | 0.07% |
6,700
| – | – |
|
118
EOG Resources
EOG
$75.1B
| $299K | 0.07% |
6,000
| – | – |
|
119
W.R. Berkley
WRB
$25.9B
| $299K | 0.07% |
10,125
| – | – |
|
120
Viatris
VTRS
$18.5B
| $290K | 0.07% |
+15,476
| New | +$252K |
|
121
Occidental Petroleum
OXY
$58.5B
| $173K | 0.04% |
10,000
| – | – |
|
122
NOV
NOV
$7.45B
| $165K | 0.04% |
12,000
| – | – |
|
123
Nucor
NUE
$61.9B
| $160K | 0.04% |
3,000
| – | – |
|
124
Mercury Insurance
MCY
$5.84B
| $157K | 0.04% |
3,000
| – | – |
|
125
Halliburton
HAL
$27.7B
| $151K | 0.04% |
8,000
| – | – |
|
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Gifford Fong Associates's Q4 2020 Portfolio in Review
As of Q4 2020, Gifford Fong Associates held 136 positions worth $431M, up 15% from $373M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 2.9%. Gifford Fong Associates opened 4 new positions and made no exits, leaving the 136-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2020 buy was Shopify: 70,000 shares worth $7.92M.
- Gifford Fong Associates added most to Salesforce in Q4 2020, an estimated $7.93M increase.
- Gifford Fong Associates's biggest Q4 2020 reduction was Tesla, cutting an estimated $12.6M.
- Gifford Fong Associates's ten largest holdings make up 44% of its $431M portfolio in Q4 2020.
- Gifford Fong Associates opened 4 new positions and closed 0 in Q4 2020.
- Gifford Fong Associates's portfolio value rose 15% quarter-over-quarter to $431M.
Based on Gifford Fong Associates's 13F filing for Q4 2020, filed 1 Mar 2021.