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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
-5.74%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$404M
AUM Growth
-$24.9M
(-5.8%)
Cap. Flow
+$4.27M
Cap. Flow
% of AUM
1.06%
Top 10 Holdings %
Top 10 Hldgs %
42.46%
Holding
140
New
1
Increased
3
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$1.7M |
| 2 |
Verizon
VZ
|
+$1.11M |
| 3 |
Lumen
LUMN
|
+$1.02M |
| 4 |
Manulife Financial
MFC
|
+$439K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.98% |
| 2 | Financials | 21.39% |
| 3 | Healthcare | 12.71% |
| 4 | Communication Services | 10.77% |
| 5 | Consumer Discretionary | 10.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Progressive
PGR
$121B
| $581K | 0.14% |
5,000
| – | – |
|
102
Qualcomm
QCOM
$171B
| $565K | 0.14% |
5,000
| – | – |
|
103
Corteva
CTVA
$50.4B
| $562K | 0.14% |
9,828
| – | – |
|
104
Analog Devices
ADI
$187B
| $557K | 0.14% |
4,000
| – | – |
|
105
Ciena
CIEN
$61.2B
| $495K | 0.12% |
12,255
| – | – |
|
106
US Bancorp
USB
$101B
| $484K | 0.12% |
12,000
| – | – |
|
107
KeyCorp
KEY
$24.5B
| $481K | 0.12% |
30,000
| – | – |
|
108
BlackBerry
BB
$5.14B
| $470K | 0.12% |
100,000
| – | – |
|
109
Globe Life
GL
$13.8B
| $449K | 0.11% |
4,500
| – | – |
|
110
Lincoln National
LNC
$8.44B
| $439K | 0.11% |
10,000
| – | – |
|
111
W.R. Berkley
WRB
$25.9B
| $436K | 0.11% |
10,125
| – | – |
|
112
Dow Inc
DOW
$22.1B
| $432K | 0.11% |
9,828
| – | – |
|
113
Spotify
SPOT
$101B
| $432K | 0.11% |
5,000
| – | – |
|
114
Warner Bros
WBD
$69.3B
| $400K | 0.1% |
34,760
| – | – |
|
|
115
Manulife Financial
MFC
$72.6B
| $392K | 0.1% |
+25,000
| New | +$439K |
|
116
Carrier Global
CARR
$52B
| $356K | 0.09% |
10,000
| – | – |
|
117
International Flavors & Fragrances
IFF
$21.4B
| $337K | 0.08% |
3,707
| – | – |
|
118
Loews
L
$23.1B
| $334K | 0.08% |
6,700
| – | – |
|
119
Deutsche Bank
DB
$72.4B
| $333K | 0.08% |
45,000
| – | – |
|
120
ITT
ITT
$19.4B
| $327K | 0.08% |
5,000
| – | – |
|
|
VMW
121
DELISTED
VMware, Inc
VMW
| $326K | 0.08% |
3,060
| – | – |
|
122
Nucor
NUE
$61.9B
| $321K | 0.08% |
3,000
| – | – |
|
123
Otis Worldwide
OTIS
$28.2B
| $319K | 0.08% |
5,000
| – | – |
|
124
Dell
DELL
$313B
| $237K | 0.06% |
6,946
| – | – |
|
125
DuPont de Nemours
DD
$19.5B
| $235K | 0.06% |
3,716
| – | – |
|
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Gifford Fong Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Gifford Fong Associates held 140 positions worth $404M, down 5.8% from $429M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 0.71%. Gifford Fong Associates opened 1 new position and made no exits, leaving the 140-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q3 2022 buy was Manulife Financial: 25,000 shares worth $392K.
- Gifford Fong Associates added most to Intel in Q3 2022, an estimated $1.7M increase.
- Gifford Fong Associates's ten largest holdings make up 42% of its $404M portfolio in Q3 2022.
- Gifford Fong Associates opened 1 new position and closed 0 in Q3 2022.
- Gifford Fong Associates's portfolio value fell 5.8% quarter-over-quarter to $404M.
Based on Gifford Fong Associates's 13F filing for Q3 2022, filed 15 Nov 2022.