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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
+16.09%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$380M
AUM Growth
-$56.3M
(-13%)
Cap. Flow
-$98.9M
Cap. Flow
% of AUM
-26.04%
Top 10 Holdings %
Top 10 Hldgs %
36.23%
Holding
141
New
2
Increased
1
Reduced
21
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE HealthCare
GEHC
|
+$1.36M |
| 2 |
Occidental Petroleum
OXY
|
+$621K |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$322K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$15.1M |
| 2 |
NVIDIA
NVDA
|
+$14.1M |
| 3 |
Microsoft
MSFT
|
+$8.99M |
| 4 |
Amazon
AMZN
|
+$8.64M |
| 5 |
Bank of America
BAC
|
+$7.32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.06% |
| 2 | Financials | 18.78% |
| 3 | Healthcare | 12.48% |
| 4 | Communication Services | 9.82% |
| 5 | Industrials | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Spotify
SPOT
$101B
| $668K | 0.18% |
5,000
| – | – |
|
102
Lumen
LUMN
$6.49B
| $663K | 0.17% |
250,000
| – | – |
|
103
Ciena
CIEN
$61.2B
| $644K | 0.17% |
12,255
| – | – |
|
104
Qualcomm
QCOM
$171B
| $638K | 0.17% |
5,000
| – | – |
|
105
Corteva
CTVA
$50.4B
| $593K | 0.16% |
9,828
| – | – |
|
106
Dow Inc
DOW
$22.1B
| $539K | 0.14% |
9,828
| – | – |
|
107
Warner Bros
WBD
$69.3B
| $525K | 0.14% |
34,760
| – | – |
|
108
Globe Life
GL
$13.8B
| $495K | 0.13% |
4,500
| – | – |
|
109
Nucor
NUE
$61.9B
| $463K | 0.12% |
3,000
| – | – |
|
110
Deutsche Bank
DB
$72.4B
| $459K | 0.12% |
45,000
| – | – |
|
111
Manulife Financial
MFC
$72.6B
| $459K | 0.12% |
25,000
| – | – |
|
112
Carrier Global
CARR
$52B
| $458K | 0.12% |
10,000
| – | – |
|
113
BlackBerry
BB
$5.14B
| $456K | 0.12% |
100,000
| – | – |
|
114
US Bancorp
USB
$101B
| $433K | 0.11% |
12,000
| – | – |
|
115
ITT
ITT
$19.4B
| $432K | 0.11% |
5,000
| – | – |
|
116
Otis Worldwide
OTIS
$28.2B
| $422K | 0.11% |
5,000
| – | – |
|
117
W.R. Berkley
WRB
$25.9B
| $420K | 0.11% |
10,125
| – | – |
|
118
Loews
L
$23.1B
| $389K | 0.1% |
6,700
| – | – |
|
|
VMW
119
DELISTED
VMware, Inc
VMW
| $382K | 0.1% |
3,060
| – | – |
|
120
KeyCorp
KEY
$24.5B
| $376K | 0.1% |
30,000
| – | – |
|
121
International Flavors & Fragrances
IFF
$21.4B
| $341K | 0.09% |
3,707
| – | – |
|
122
DuPont de Nemours
DD
$19.5B
| $335K | 0.09% |
3,716
| – | – |
|
|
PXD
123
DELISTED
Pioneer Natural Resource Co.
PXD
| $306K | 0.08% |
+1,500
| New | +$322K |
|
124
Dell
DELL
$313B
| $279K | 0.07% |
6,946
| – | – |
|
125
Halliburton
HAL
$27.7B
| $253K | 0.07% |
8,000
| – | – |
|
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Gifford Fong Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Gifford Fong Associates held 141 positions worth $380M, down 13% from $436M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Gifford Fong Associates withdrew a net $98.9M in Q1 2023, reducing 21 holdings. Its largest reduction was Apple, cutting an estimated $15.1M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Gifford Fong Associates opened a new position in GE HealthCare worth $1.56M.
- Gifford Fong Associates's largest Q1 2023 buy was GE HealthCare: 19,012 shares worth $1.56M.
- Gifford Fong Associates added most to Occidental Petroleum in Q1 2023, an estimated $621K increase.
- Gifford Fong Associates's biggest Q1 2023 reduction was Apple, cutting an estimated $15.1M.
- Gifford Fong Associates's ten largest holdings make up 36% of its $380M portfolio in Q1 2023.
- Gifford Fong Associates opened 2 new positions and closed 0 in Q1 2023.
- Gifford Fong Associates's portfolio value fell 13% quarter-over-quarter to $380M.
Based on Gifford Fong Associates's 13F filing for Q1 2023, filed 10 May 2023.