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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
+13.1%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$572M
AUM Growth
+$56.9M
(+11%)
Cap. Flow
+$1.79M
Cap. Flow
% of AUM
0.31%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
139
New
3
Increased
2
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ford
F
|
+$920K |
| 2 |
Transocean
RIG
|
+$679K |
| 3 |
VMW
VMware, Inc
VMW
|
+$402K |
| 4 |
Franklin Resources
BEN
|
+$180K |
| 5 |
Kyndryl
KD
|
+$51.4K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.28% |
| 2 | Financials | 19.4% |
| 3 | Communication Services | 11.55% |
| 4 | Consumer Discretionary | 10.87% |
| 5 | Healthcare | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.42T
| $56.6M | 9.91% |
1,925,720
| – | – |
|
2
Apple
AAPL
$4.57T
| $45.5M | 7.95% |
256,000
| – | – |
|
3
Amazon
AMZN
$2.96T
| $37.3M | 6.52% |
223,680
| – | – |
|
4
Microsoft
MSFT
$3.71T
| $29.7M | 5.19% |
88,168
| – | – |
|
5
Bank of America
BAC
$442B
| $24.7M | 4.32% |
554,582
| – | – |
|
6
Alphabet (Google) Class C
GOOG
$4.32T
| $16.7M | 2.91% |
115,140
| – | – |
|
7
Walt Disney
DIS
$181B
| $15.5M | 2.71% |
100,020
| – | – |
|
|
8
Alphabet (Google) Class A
GOOGL
$4.33T
| $13.8M | 2.41% |
95,000
| – | – |
|
9
Advanced Micro Devices
AMD
$789B
| $12.9M | 2.26% |
89,604
| – | – |
|
10
Mastercard
MA
$493B
| $12.2M | 2.14% |
34,000
| – | – |
|
11
Salesforce
CRM
$158B
| $12.1M | 2.12% |
47,621
| – | – |
|
12
UnitedHealth
UNH
$370B
| $11M | 1.93% |
22,000
| – | – |
|
|
13
Ford
F
$55.7B
| $10.9M | 1.91% |
525,000
+50,000
| +11% | +$920K |
|
14
Shopify
SHOP
$195B
| $9.64M | 1.69% |
70,000
| – | – |
|
15
JPMorgan Chase
JPM
$950B
| $9.31M | 1.63% |
58,800
| – | – |
|
16
Costco
COST
$420B
| $8.06M | 1.41% |
14,200
| – | – |
|
17
Berkshire Hathaway Class B
BRK.B
$1.13T
| $7.92M | 1.39% |
26,500
| – | – |
|
18
Pfizer
PFE
$153B
| $7.37M | 1.29% |
124,729
| – | – |
|
19
Visa
V
$677B
| $6.46M | 1.13% |
29,800
| – | – |
|
20
Synchrony
SYF
$25.6B
| $6.13M | 1.07% |
132,073
| – | – |
|
21
Oracle
ORCL
$423B
| $6.02M | 1.05% |
69,000
| – | – |
|
22
Union Pacific
UNP
$174B
| $5.79M | 1.01% |
23,000
| – | – |
|
|
X
23
DELISTED
US Steel
X
| $5.66M | 0.99% |
237,700
| – | – |
|
24
Walmart Inc
WMT
$890B
| $5.27M | 0.92% |
109,200
| – | – |
|
25
Amgen
AMGN
$222B
| $5.1M | 0.89% |
22,671
| – | – |
|
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Gifford Fong Associates's Q4 2021 Portfolio in Review
As of Q4 2021, Gifford Fong Associates held 139 positions worth $572M, up 11% from $515M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Trading was light in Q4 2021: portfolio turnover was 2.2%. Gifford Fong Associates opened 3 new positions and made no exits, leaving the 139-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 30% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q4 2021 buy was VMware, Inc: 3,060 shares worth $355K.
- Gifford Fong Associates added most to Ford in Q4 2021, an estimated $920K increase.
- Gifford Fong Associates's biggest Q4 2021 reduction was Dell, cutting an estimated $377K.
- Gifford Fong Associates's ten largest holdings make up 46% of its $572M portfolio in Q4 2021.
- Gifford Fong Associates opened 3 new positions and closed 0 in Q4 2021.
- Gifford Fong Associates's portfolio value rose 11% quarter-over-quarter to $572M.
Based on Gifford Fong Associates's 13F filing for Q4 2021, filed 9 Feb 2022.