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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
+5.73%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$377M
AUM Growth
+$14.8M
(+4.1%)
Cap. Flow
+$1.85M
Cap. Flow
% of AUM
0.49%
Top 10 Holdings %
Top 10 Hldgs %
39.48%
Holding
129
New
2
Increased
2
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$3.79M |
| 2 |
Franklin Resources
BEN
|
+$1.81M |
| 3 |
GE Vernova
GEV
|
+$1.52M |
| 4 |
Solventum
SOLV
|
+$148K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$3.67M |
| 2 |
GE Aerospace
GE
|
+$1.55M |
| 3 |
3M
MMM
|
+$186K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.82% |
| 2 | Financials | 21.05% |
| 3 | Communication Services | 10.87% |
| 4 | Consumer Discretionary | 8.84% |
| 5 | Healthcare | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
ITT
ITT
$19.4B
| $646K | 0.17% |
5,000
| – | – |
|
102
Carrier Global
CARR
$52B
| $631K | 0.17% |
10,000
| – | – |
|
103
Hormel Foods
HRL
$13.4B
| $610K | 0.16% |
20,000
| – | – |
|
104
Bank of America
BAC
$453B
| $602K | 0.16% |
15,147
| – | – |
|
105
Ciena
CIEN
$61.2B
| $590K | 0.16% |
12,255
| – | – |
|
106
Corteva
CTVA
$50.4B
| $530K | 0.14% |
9,828
| – | – |
|
107
W.R. Berkley
WRB
$25.9B
| $530K | 0.14% |
10,125
| – | – |
|
108
Dow Inc
DOW
$22.1B
| $521K | 0.14% |
9,828
| – | – |
|
109
Loews
L
$23.1B
| $501K | 0.13% |
6,700
| – | – |
|
110
US Bancorp
USB
$101B
| $476K | 0.13% |
12,000
| – | – |
|
111
Nucor
NUE
$61.9B
| $474K | 0.13% |
3,000
| – | – |
|
112
KeyCorp
KEY
$24.5B
| $426K | 0.11% |
30,000
| – | – |
|
113
DuPont de Nemours
DD
$19.5B
| $375K | 0.1% |
3,716
| – | – |
|
114
Globe Life
GL
$13.8B
| $370K | 0.1% |
4,500
| – | – |
|
|
WBA
115
DELISTED
Walgreens Boots Alliance
WBA
| $363K | 0.1% |
30,000
| – | – |
|
116
International Flavors & Fragrances
IFF
$21.4B
| $353K | 0.09% |
3,707
| – | – |
|
117
Wabtec
WAB
$49.9B
| $285K | 0.08% |
1,806
| – | – |
|
118
Lumen
LUMN
$6.49B
| $275K | 0.07% |
250,000
| – | – |
|
119
Halliburton
HAL
$27.7B
| $270K | 0.07% |
8,000
| – | – |
|
120
Stanley Black & Decker
SWK
$15.5B
| $240K | 0.06% |
3,000
| – | – |
|
121
NOV
NOV
$7.45B
| $228K | 0.06% |
12,000
| – | – |
|
122
Viatris
VTRS
$18.5B
| $165K | 0.04% |
15,476
| – | – |
|
|
123
Solventum
SOLV
$14.5B
| $129K | 0.03% |
+2,438
| New | +$148K |
|
124
BlackBerry
BB
$5.14B
| $124K | 0.03% |
50,000
| – | – |
|
125
Warner Bros
WBD
$69.3B
| $102K | 0.03% |
13,760
| – | – |
|
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Gifford Fong Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Gifford Fong Associates held 129 positions worth $377M, up 4.1% from $363M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2024: portfolio turnover was 2.3%. Gifford Fong Associates opened 2 new positions and exited 1, leaving the 129-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q2 2024 buy was GE Vernova: 9,575 shares worth $1.64M.
- Gifford Fong Associates added most to ExxonMobil in Q2 2024, an estimated $3.79M increase.
- Gifford Fong Associates's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $1.55M.
- Gifford Fong Associates fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $3.67M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $377M portfolio in Q2 2024.
- Gifford Fong Associates opened 2 new positions and closed 1 in Q2 2024.
- Gifford Fong Associates's portfolio value rose 4.1% quarter-over-quarter to $377M.
Based on Gifford Fong Associates's 13F filing for Q2 2024, filed 12 Aug 2024.