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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
+14.76%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$434M
AUM Growth
+$32.4M
(+8.1%)
Cap. Flow
-$12.4M
Cap. Flow
% of AUM
-2.86%
Top 10 Holdings %
Top 10 Hldgs %
38.84%
Holding
126
New
–
Increased
1
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$1.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$3.15M |
| 2 |
Gilead Sciences
GILD
|
+$2.66M |
| 3 |
Philip Morris
PM
|
+$2.65M |
| 4 |
X
US Steel
X
|
+$1.59M |
| 5 |
AT&T
T
|
+$1.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.2% |
| 2 | Financials | 23.44% |
| 3 | Communication Services | 11.2% |
| 4 | Industrials | 9.13% |
| 5 | Consumer Discretionary | 8.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Transocean
RIG
$6.37B
| $648K | 0.15% |
250,000
| – | – |
|
102
Loews
L
$23.1B
| $614K | 0.14% |
6,700
| – | – |
|
103
Hormel Foods
HRL
$13.4B
| $605K | 0.14% |
20,000
| – | – |
|
104
Globe Life
GL
$13.8B
| $559K | 0.13% |
4,500
| – | – |
|
105
US Bancorp
USB
$101B
| $543K | 0.13% |
12,000
| – | – |
|
106
KeyCorp
KEY
$24.5B
| $523K | 0.12% |
30,000
| – | – |
|
107
APA Corp
APA
$14B
| $457K | 0.11% |
25,000
| – | – |
|
108
Deutsche Bank
DB
$72.4B
| $439K | 0.1% |
15,000
-30,000
| -67% | -$792K |
|
109
Nucor
NUE
$61.9B
| $389K | 0.09% |
3,000
| – | – |
|
110
Wabtec
WAB
$49.9B
| $378K | 0.09% |
1,806
| – | – |
|
111
DuPont de Nemours
DD
$19.5B
| $320K | 0.07% |
3,716
| – | – |
|
112
International Flavors & Fragrances
IFF
$21.4B
| $273K | 0.06% |
3,707
| – | – |
|
113
Dow Inc
DOW
$22.1B
| $260K | 0.06% |
9,828
| – | – |
|
114
BlackBerry
BB
$5.14B
| $229K | 0.05% |
50,000
| – | – |
|
115
Stanley Black & Decker
SWK
$15.5B
| $203K | 0.05% |
3,000
| – | – |
|
116
Solventum
SOLV
$14.5B
| $185K | 0.04% |
2,438
| – | – |
|
|
WBA
117
DELISTED
Walgreens Boots Alliance
WBA
| $172K | 0.04% |
15,000
-15,000
| -50% | -$167K |
|
118
Halliburton
HAL
$27.7B
| $163K | 0.04% |
8,000
| – | – |
|
119
Warner Bros
WBD
$69.3B
| $158K | 0.04% |
13,760
| – | – |
|
120
NOV
NOV
$7.45B
| $149K | 0.03% |
12,000
| – | – |
|
121
Viatris
VTRS
$18.5B
| $138K | 0.03% |
15,476
| – | – |
|
122
CVS Health
CVS
$121B
| $116K | 0.03% |
1,675
| – | – |
|
123
Emerson Electric
EMR
$91.4B
| $24K | 0.01% |
178
| – | – |
|
|
124
Occidental Petroleum Corp Warrants
OXY.WS
$34.4B
| – | – |
-1,250
| Closed | -$35K |
|
|
125
Philip Morris
PM
$290B
| – | – |
-16,700
| Closed | -$2.65M |
|
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Gifford Fong Associates's Q2 2025 Portfolio in Review
As of Q2 2025, Gifford Fong Associates held 126 positions worth $434M, up 8.1% from $402M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2025: portfolio turnover was 2.4%. Gifford Fong Associates opened no new positions and exited 3, leaving the 126-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Occidental Petroleum in Q2 2025, an estimated $1.1M increase.
- Gifford Fong Associates's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $3.15M.
- Gifford Fong Associates fully exited Philip Morris in Q2 2025, selling an estimated $2.65M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $434M portfolio in Q2 2025.
- Gifford Fong Associates opened 0 new positions and closed 3 in Q2 2025.
- Gifford Fong Associates's portfolio value rose 8.1% quarter-over-quarter to $434M.
Based on Gifford Fong Associates's 13F filing for Q2 2025, filed 13 Aug 2025.