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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
+9.27%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$465M
AUM Growth
+$34.4M
Cap. Flow
+$2.43M
Cap. Flow %
0.52%
Top 10 Hldgs %
41.83%
Holding
138
New
2
Increased
1
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
SPOT icon
Spotify
SPOT
+$1.56M
2
T icon
AT&T
T
+$1.46M
3
IFF icon
International Flavors & Fragrances
IFF
+$479K

Top Sells

Rank Stock Value
1
EV
Eaton Vance Corp.
EV
+$679K
2
DD icon
DuPont de Nemours
DD
+$394K
3
CHK
Chesapeake Energy Corporation
CHK
+$2K
4
AIG.WS
American International Group, Inc.
AIG.WS
+$1K

Sector Composition

Rank Sector Weight
1 Technology 26.71%
2 Financials 22.63%
3 Communication Services 12.83%
4 Healthcare 10.78%
5 Consumer Discretionary 10.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
1
Amazon
AMZN
$2.96T
$33.1M 7.1%
213,680
– –
AAPL icon
2
Apple
AAPL
$4.57T
$31.3M 6.72%
256,000
– –
NVDA icon
3
NVIDIA
NVDA
$5.42T
$25.7M 5.52%
1,925,720
– –
BAC icon
4
Bank of America
BAC
$442B
$21.5M 4.61%
554,582
– –
MSFT icon
5
Microsoft
MSFT
$3.71T
$20.8M 4.47%
88,168
– –
DIS icon
6
Walt Disney
DIS
$181B
$18.5M 3.97%
100,020
– –
MA icon
7
Mastercard
MA
$493B
$12.1M 2.6%
34,000
– –
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.32T
$11.9M 2.56%
115,140
– –
CRM icon
9
Salesforce
CRM
$158B
$10.1M 2.17%
47,621
– –
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.33T
$9.8M 2.11%
95,000
– –
JPM icon
11
JPMorgan Chase
JPM
$950B
$8.95M 1.92%
58,800
– –
UNH icon
12
UnitedHealth
UNH
$370B
$8.19M 1.76%
22,000
– –
SHOP icon
13
Shopify
SHOP
$195B
$7.75M 1.66%
70,000
– –
BRK.B icon
14
Berkshire Hathaway Class B
BRK.B
$1.13T
$6.77M 1.46%
26,500
– –
V icon
15
Visa
V
$677B
$6.31M 1.36%
29,800
– –
AMD icon
16
Advanced Micro Devices
AMD
$789B
$6.25M 1.34%
79,604
– –
X
17
DELISTED
US Steel
X
$6.22M 1.34%
237,700
– –
AMGN icon
18
Amgen
AMGN
$222B
$5.64M 1.21%
22,671
– –
SYF icon
19
Synchrony
SYF
$25.6B
$5.37M 1.15%
132,073
– –
FHN icon
20
First Horizon
FHN
$12.1B
$5.07M 1.09%
300,000
– –
UNP icon
21
Union Pacific
UNP
$174B
$5.07M 1.09%
23,000
– –
COST icon
22
Costco
COST
$420B
$5M 1.08%
14,200
– –
WMT icon
23
Walmart Inc
WMT
$890B
$4.94M 1.06%
109,200
– –
ORCL icon
24
Oracle
ORCL
$423B
$4.84M 1.04%
69,000
– –
ZM icon
25
Zoom
ZM
$30.6B
$4.82M 1.04%
15,000
– –
1
2 3 4 5

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CIP
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LRWA
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VW
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Gifford Fong Associates's Q1 2021 Portfolio in Review

As of Q1 2021, Gifford Fong Associates held 138 positions worth $465M, up 8% from $431M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Trading was light in Q1 2021: portfolio turnover was 3.6%. Gifford Fong Associates opened 2 new positions and exited 3, leaving the 138-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Financials and Communication Services.

  • Gifford Fong Associates's largest Q1 2021 buy was Spotify: 5,000 shares worth $1.34M.
  • Gifford Fong Associates added most to AT&T in Q1 2021, an estimated $1.46M increase.
  • Gifford Fong Associates's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $394K.
  • Gifford Fong Associates fully exited Eaton Vance Corp. in Q1 2021, selling an estimated $679K.
  • Gifford Fong Associates's ten largest holdings make up 42% of its $465M portfolio in Q1 2021.
  • Gifford Fong Associates opened 2 new positions and closed 3 in Q1 2021.
  • Gifford Fong Associates's portfolio value rose 8% quarter-over-quarter to $465M.

Based on Gifford Fong Associates's 13F filing for Q1 2021, filed 12 May 2021.