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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
+15.77%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$431M
AUM Growth
+$57.7M
(+15%)
Cap. Flow
+$6.12M
Cap. Flow
% of AUM
1.42%
Top 10 Holdings %
Top 10 Hldgs %
44%
Holding
136
New
4
Increased
2
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$7.93M |
| 2 |
Shopify
SHOP
|
+$7.35M |
| 3 |
Zoom
ZM
|
+$6.69M |
| 4 |
Lumen
LUMN
|
+$1.48M |
| 5 |
Franklin Resources
BEN
|
+$1.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$12.6M |
| 2 |
Intel
INTC
|
+$2.44M |
| 3 |
Advanced Micro Devices
AMD
|
+$2.16M |
| 4 |
Micron Technology
MU
|
+$1.51M |
| 5 |
Pfizer
PFE
|
+$247K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.12% |
| 2 | Financials | 20.88% |
| 3 | Communication Services | 12.04% |
| 4 | Consumer Discretionary | 11.21% |
| 5 | Healthcare | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$3T
| $34.8M | 8.08% |
213,680
| – | – |
|
2
Apple
AAPL
$4.47T
| $34M | 7.88% |
256,000
| – | – |
|
3
NVIDIA
NVDA
$5.3T
| $25.1M | 5.83% |
1,925,720
| – | – |
|
4
Microsoft
MSFT
$3.77T
| $19.6M | 4.55% |
88,168
| – | – |
|
5
Walt Disney
DIS
$178B
| $18.1M | 4.21% |
100,020
| – | – |
|
6
Bank of America
BAC
$445B
| $16.8M | 3.9% |
554,582
| – | – |
|
7
Mastercard
MA
$492B
| $12.1M | 2.82% |
34,000
| – | – |
|
|
8
Salesforce
CRM
$162B
| $10.6M | 2.46% |
47,621
+32,621
| +217% | +$7.93M |
|
9
Alphabet (Google) Class C
GOOG
$4.32T
| $10.1M | 2.34% |
115,140
| – | – |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.34T
| $8.32M | 1.93% |
95,000
| – | – |
|
|
11
Shopify
SHOP
$199B
| $7.92M | 1.84% |
+70,000
| New | +$7.35M |
|
12
UnitedHealth
UNH
$373B
| $7.71M | 1.79% |
22,000
| – | – |
|
13
JPMorgan Chase
JPM
$950B
| $7.47M | 1.73% |
58,800
| – | – |
|
|
14
Advanced Micro Devices
AMD
$776B
| $7.3M | 1.69% |
79,604
-25,000
| -24% | -$2.16M |
|
15
Visa
V
$672B
| $6.52M | 1.51% |
29,800
| – | – |
|
16
Berkshire Hathaway Class B
BRK.B
$1.15T
| $6.14M | 1.43% |
26,500
| – | – |
|
17
Costco
COST
$420B
| $5.35M | 1.24% |
14,200
| – | – |
|
18
Walmart Inc
WMT
$890B
| $5.25M | 1.22% |
109,200
| – | – |
|
19
Amgen
AMGN
$224B
| $5.21M | 1.21% |
22,671
| – | – |
|
|
20
Zoom
ZM
$31.3B
| $5.06M | 1.17% |
+15,000
| New | +$6.69M |
|
21
Union Pacific
UNP
$174B
| $4.79M | 1.11% |
23,000
| – | – |
|
22
Comcast
CMCSA
$89B
| $4.61M | 1.07% |
88,000
| – | – |
|
|
23
Pfizer
PFE
$155B
| $4.59M | 1.07% |
124,729
-6,735
| -5% | -$247K |
|
24
Synchrony
SYF
$25.3B
| $4.58M | 1.06% |
132,073
| – | – |
|
25
Johnson & Johnson
JNJ
$628B
| $4.55M | 1.06% |
28,900
| – | – |
|
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Gifford Fong Associates's Q4 2020 Portfolio in Review
As of Q4 2020, Gifford Fong Associates held 136 positions worth $431M, up 15% from $373M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 2.9%. Gifford Fong Associates opened 4 new positions and made no exits, leaving the 136-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2020 buy was Shopify: 70,000 shares worth $7.92M.
- Gifford Fong Associates added most to Salesforce in Q4 2020, an estimated $7.93M increase.
- Gifford Fong Associates's biggest Q4 2020 reduction was Tesla, cutting an estimated $12.6M.
- Gifford Fong Associates's ten largest holdings make up 44% of its $431M portfolio in Q4 2020.
- Gifford Fong Associates opened 4 new positions and closed 0 in Q4 2020.
- Gifford Fong Associates's portfolio value rose 15% quarter-over-quarter to $431M.
Based on Gifford Fong Associates's 13F filing for Q4 2020, filed 1 Mar 2021.