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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
+8.93%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$314M
AUM Growth
+$25M
(+8.6%)
Cap. Flow
+$266K
Cap. Flow
% of AUM
0.08%
Top 10 Holdings %
Top 10 Hldgs %
38.6%
Holding
117
New
5
Increased
2
Reduced
3
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
X
US Steel
X
|
+$5.25M |
| 2 |
Micron Technology
MU
|
+$2.52M |
| 3 |
MRO
Marathon Oil Corporation
MRO
|
+$1.05M |
| 4 |
Under Armour
UAA
|
+$1.04M |
| 5 |
Ford
F
|
+$1,000K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cisco
CSCO
|
+$6.75M |
| 2 |
Ciena
CIEN
|
+$4.81M |
| 3 |
AT&T
T
|
+$162K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.59% |
| 2 | Technology | 16.93% |
| 3 | Healthcare | 11.6% |
| 4 | Industrials | 10.53% |
| 5 | Consumer Discretionary | 10.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.96T
| $23M | 7.33% |
230,000
| – | – |
|
2
Apple
AAPL
$4.57T
| $16.7M | 5.31% |
296,000
| – | – |
|
3
Bank of America
BAC
$442B
| $16.3M | 5.2% |
554,582
| – | – |
|
|
MRO
4
DELISTED
Marathon Oil Corporation
MRO
| $13.2M | 4.19% |
566,328
+50,000
| +10% | +$1.05M |
|
5
Amgen
AMGN
$222B
| $11.2M | 3.56% |
54,000
| – | – |
|
6
JPMorgan Chase
JPM
$950B
| $9.46M | 3.01% |
83,800
| – | – |
|
7
Walt Disney
DIS
$181B
| $8.19M | 2.6% |
70,000
| – | – |
|
8
Microsoft
MSFT
$3.71T
| $8.01M | 2.55% |
70,000
| – | – |
|
9
Emerson Electric
EMR
$88.3B
| $7.66M | 2.44% |
100,000
| – | – |
|
10
Mastercard
MA
$493B
| $7.57M | 2.41% |
34,000
| – | – |
|
11
Boeing
BA
$185B
| $6.96M | 2.21% |
18,710
| – | – |
|
|
12
Cisco
CSCO
$479B
| $6.64M | 2.11% |
136,540
-150,000
| -52% | -$6.75M |
|
13
Alphabet (Google) Class A
GOOGL
$4.33T
| $5.73M | 1.82% |
95,000
| – | – |
|
|
14
Alphabet (Google) Class C
GOOG
$4.32T
| $5.68M | 1.81% |
95,140
| – | – |
|
15
Berkshire Hathaway Class B
BRK.B
$1.13T
| $5.67M | 1.81% |
26,500
| – | – |
|
16
Pfizer
PFE
$153B
| $5.5M | 1.75% |
131,464
| – | – |
|
17
NVIDIA
NVDA
$5.42T
| $5.06M | 1.61% |
720,000
| – | – |
|
|
X
18
DELISTED
US Steel
X
| $4.96M | 1.58% |
+162,700
| New | +$5.25M |
|
19
Wells Fargo
WFC
$264B
| $4.63M | 1.47% |
88,052
| – | – |
|
20
Visa
V
$677B
| $4.47M | 1.42% |
29,800
| – | – |
|
21
Citigroup
C
$226B
| $4.41M | 1.4% |
61,471
| – | – |
|
22
Synchrony
SYF
$25.6B
| $4.11M | 1.31% |
132,073
| – | – |
|
23
Johnson & Johnson
JNJ
$625B
| $3.99M | 1.27% |
28,900
| – | – |
|
24
Intel
INTC
$513B
| $3.91M | 1.24% |
82,628
| – | – |
|
25
GE Aerospace
GE
$384B
| $3.8M | 1.21% |
70,172
| – | – |
|
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Gifford Fong Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Gifford Fong Associates held 117 positions worth $314M, up 8.6% from $289M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q3 2018: portfolio turnover was 4.3%. Gifford Fong Associates opened 5 new positions and made no exits, leaving the 117-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 25% a quarter earlier, followed by Technology and Healthcare.
- Gifford Fong Associates's largest Q3 2018 buy was US Steel: 162,700 shares worth $4.96M.
- Gifford Fong Associates added most to Marathon Oil Corporation in Q3 2018, an estimated $1.05M increase.
- Gifford Fong Associates's biggest Q3 2018 reduction was Cisco, cutting an estimated $6.75M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $314M portfolio in Q3 2018.
- Gifford Fong Associates opened 5 new positions and closed 0 in Q3 2018.
- Gifford Fong Associates's portfolio value rose 8.6% quarter-over-quarter to $314M.
Based on Gifford Fong Associates's 13F filing for Q3 2018, filed 8 Nov 2018.