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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
+9.27%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$465M
AUM Growth
+$34.4M
(+8%)
Cap. Flow
+$2.43M
Cap. Flow
% of AUM
0.52%
Top 10 Holdings %
Top 10 Hldgs %
41.83%
Holding
138
New
2
Increased
1
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spotify
SPOT
|
+$1.56M |
| 2 |
AT&T
T
|
+$1.46M |
| 3 |
International Flavors & Fragrances
IFF
|
+$479K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EV
Eaton Vance Corp.
EV
|
+$679K |
| 2 |
DuPont de Nemours
DD
|
+$394K |
| 3 |
CHK
Chesapeake Energy Corporation
CHK
|
+$2K |
| 4 |
AIG.WS
American International Group, Inc.
AIG.WS
|
+$1K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.71% |
| 2 | Financials | 22.63% |
| 3 | Communication Services | 12.83% |
| 4 | Healthcare | 10.78% |
| 5 | Consumer Discretionary | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Dow Inc
DOW
$22.1B
| $628K | 0.14% |
9,828
| – | – |
|
102
Lincoln National
LNC
$8.44B
| $623K | 0.13% |
10,000
| – | – |
|
103
Analog Devices
ADI
$187B
| $620K | 0.13% |
4,000
| – | – |
|
|
XLNX
104
DELISTED
Xilinx Inc
XLNX
| $620K | 0.13% |
5,000
| – | – |
|
105
Dell
DELL
$313B
| $612K | 0.13% |
13,704
| – | – |
|
106
KeyCorp
KEY
$24.5B
| $599K | 0.13% |
30,000
| – | – |
|
107
Stanley Black & Decker
SWK
$15.5B
| $599K | 0.13% |
3,000
| – | – |
|
108
Deutsche Bank
DB
$72.4B
| $540K | 0.12% |
45,000
| – | – |
|
|
109
International Flavors & Fragrances
IFF
$21.4B
| $518K | 0.11% |
+3,707
| New | +$479K |
|
110
Progressive
PGR
$121B
| $478K | 0.1% |
5,000
| – | – |
|
111
Corteva
CTVA
$50.4B
| $458K | 0.1% |
9,828
| – | – |
|
112
ITT
ITT
$19.4B
| $455K | 0.1% |
5,000
| – | – |
|
113
APA Corp
APA
$14B
| $448K | 0.1% |
25,000
| – | – |
|
114
EOG Resources
EOG
$75.1B
| $435K | 0.09% |
6,000
| – | – |
|
115
Globe Life
GL
$13.8B
| $435K | 0.09% |
4,500
| – | – |
|
116
Carrier Global
CARR
$52B
| $422K | 0.09% |
10,000
| – | – |
|
|
117
DuPont de Nemours
DD
$19.5B
| $361K | 0.08% |
3,716
-4,114
| -53% | -$394K |
|
118
Loews
L
$23.1B
| $344K | 0.07% |
6,700
| – | – |
|
119
Otis Worldwide
OTIS
$28.2B
| $342K | 0.07% |
5,000
| – | – |
|
120
W.R. Berkley
WRB
$25.9B
| $339K | 0.07% |
10,125
| – | – |
|
121
Occidental Petroleum
OXY
$58.5B
| $266K | 0.06% |
10,000
| – | – |
|
122
Nucor
NUE
$61.9B
| $241K | 0.05% |
3,000
| – | – |
|
123
Viatris
VTRS
$18.5B
| $216K | 0.05% |
15,476
| – | – |
|
124
Mercury Insurance
MCY
$5.84B
| $182K | 0.04% |
3,000
| – | – |
|
125
Transocean
RIG
$6.37B
| $178K | 0.04% |
50,000
| – | – |
|
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Gifford Fong Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Gifford Fong Associates held 138 positions worth $465M, up 8% from $431M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q1 2021: portfolio turnover was 3.6%. Gifford Fong Associates opened 2 new positions and exited 3, leaving the 138-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q1 2021 buy was Spotify: 5,000 shares worth $1.34M.
- Gifford Fong Associates added most to AT&T in Q1 2021, an estimated $1.46M increase.
- Gifford Fong Associates's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $394K.
- Gifford Fong Associates fully exited Eaton Vance Corp. in Q1 2021, selling an estimated $679K.
- Gifford Fong Associates's ten largest holdings make up 42% of its $465M portfolio in Q1 2021.
- Gifford Fong Associates opened 2 new positions and closed 3 in Q1 2021.
- Gifford Fong Associates's portfolio value rose 8% quarter-over-quarter to $465M.
Based on Gifford Fong Associates's 13F filing for Q1 2021, filed 12 May 2021.