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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
+17.31%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$363M
AUM Growth
-$107M
(-23%)
Cap. Flow
-$173M
Cap. Flow
% of AUM
-47.6%
Top 10 Holdings %
Top 10 Hldgs %
35.97%
Holding
140
New
–
Increased
–
Reduced
25
Closed
13
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$65.8M |
| 2 |
Apple
AAPL
|
+$13.2M |
| 3 |
Bank of America
BAC
|
+$11.8M |
| 4 |
Eli Lilly
LLY
|
+$9.38M |
| 5 |
Amazon
AMZN
|
+$7.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.27% |
| 2 | Financials | 21.85% |
| 3 | Communication Services | 10.79% |
| 4 | Healthcare | 9.77% |
| 5 | Consumer Discretionary | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
ITT
ITT
$19.4B
| $680K | 0.19% |
5,000
| – | – |
|
|
WBA
102
DELISTED
Walgreens Boots Alliance
WBA
| $651K | 0.18% |
30,000
-30,000
| -50% | -$667K |
|
103
Manulife Financial
MFC
$72.6B
| $625K | 0.17% |
25,000
| – | – |
|
104
Ciena
CIEN
$61.2B
| $606K | 0.17% |
12,255
| – | – |
|
105
W.R. Berkley
WRB
$25.9B
| $597K | 0.16% |
10,125
| – | – |
|
106
Nucor
NUE
$61.9B
| $594K | 0.16% |
3,000
| – | – |
|
107
Carrier Global
CARR
$52B
| $581K | 0.16% |
10,000
| – | – |
|
|
108
Bank of America
BAC
$453B
| $574K | 0.16% |
15,147
-342,754
| -96% | -$11.8M |
|
109
Dow Inc
DOW
$22.1B
| $569K | 0.16% |
9,828
| – | – |
|
110
Corteva
CTVA
$50.4B
| $567K | 0.16% |
9,828
| – | – |
|
111
US Bancorp
USB
$101B
| $536K | 0.15% |
12,000
| – | – |
|
112
Loews
L
$23.1B
| $525K | 0.14% |
6,700
| – | – |
|
113
Globe Life
GL
$13.8B
| $524K | 0.14% |
4,500
| – | – |
|
114
KeyCorp
KEY
$24.5B
| $474K | 0.13% |
30,000
| – | – |
|
115
Lumen
LUMN
$6.49B
| $390K | 0.11% |
250,000
| – | – |
|
116
DuPont de Nemours
DD
$19.5B
| $358K | 0.1% |
3,716
| – | – |
|
117
International Flavors & Fragrances
IFF
$21.4B
| $319K | 0.09% |
3,707
| – | – |
|
118
Halliburton
HAL
$27.7B
| $315K | 0.09% |
8,000
| – | – |
|
119
Stanley Black & Decker
SWK
$15.5B
| $294K | 0.08% |
3,000
| – | – |
|
120
Wabtec
WAB
$49.9B
| $263K | 0.07% |
1,806
| – | – |
|
121
NOV
NOV
$7.45B
| $234K | 0.06% |
12,000
| – | – |
|
122
Viatris
VTRS
$18.5B
| $185K | 0.05% |
15,476
| – | – |
|
123
BlackBerry
BB
$5.14B
| $138K | 0.04% |
50,000
-50,000
| -50% | -$146K |
|
124
CVS Health
CVS
$121B
| $134K | 0.04% |
1,675
| – | – |
|
125
Warner Bros
WBD
$69.3B
| $120K | 0.03% |
13,760
-21,000
| -60% | -$202K |
|
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Gifford Fong Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Gifford Fong Associates held 140 positions worth $363M, down 23% from $470M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Gifford Fong Associates withdrew a net $173M in Q1 2024, closing 13 positions and reducing 25 holdings. Its most notable exit was Eli Lilly, an estimated $9.38M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 34% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $65.8M.
- Gifford Fong Associates fully exited Eli Lilly in Q1 2024, selling an estimated $9.38M.
- Gifford Fong Associates's ten largest holdings make up 36% of its $363M portfolio in Q1 2024.
- Gifford Fong Associates opened 0 new positions and closed 13 in Q1 2024.
- Gifford Fong Associates's portfolio value fell 23% quarter-over-quarter to $363M.
Based on Gifford Fong Associates's 13F filing for Q1 2024, filed 10 May 2024.