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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
-2.48%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$547M
AUM Growth
-$24.6M
(-4.3%)
Cap. Flow
+$2.45M
Cap. Flow
% of AUM
0.45%
Top 10 Holdings %
Top 10 Hldgs %
45.84%
Holding
139
New
–
Increased
5
Reduced
1
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$2.22M |
| 2 |
GE Aerospace
GE
|
+$1.44M |
| 3 |
Intel
INTC
|
+$991K |
| 4 |
Ford
F
|
+$951K |
| 5 |
Franklin Resources
BEN
|
+$611K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
X
US Steel
X
|
+$2.71M |
| 2 |
XLNX
Xilinx Inc
XLNX
|
+$1.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.65% |
| 2 | Financials | 20.05% |
| 3 | Communication Services | 11.05% |
| 4 | Consumer Discretionary | 10.58% |
| 5 | Healthcare | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.42T
| $52.5M | 9.61% |
1,925,720
| – | – |
|
2
Apple
AAPL
$4.57T
| $44.7M | 8.17% |
256,000
| – | – |
|
3
Amazon
AMZN
$2.96T
| $36.5M | 6.66% |
223,680
| – | – |
|
4
Microsoft
MSFT
$3.71T
| $27.2M | 4.97% |
88,168
| – | – |
|
5
Bank of America
BAC
$442B
| $22.9M | 4.18% |
554,582
| – | – |
|
6
Alphabet (Google) Class C
GOOG
$4.32T
| $16.1M | 2.94% |
115,140
| – | – |
|
7
Walt Disney
DIS
$181B
| $13.7M | 2.51% |
100,020
| – | – |
|
|
8
Alphabet (Google) Class A
GOOGL
$4.33T
| $13.2M | 2.42% |
95,000
| – | – |
|
9
Mastercard
MA
$493B
| $12.2M | 2.22% |
34,000
| – | – |
|
|
10
Advanced Micro Devices
AMD
$789B
| $11.8M | 2.16% |
108,221
+18,617
| +21% | +$2.22M |
|
11
UnitedHealth
UNH
$370B
| $11.2M | 2.05% |
22,000
| – | – |
|
12
Salesforce
CRM
$158B
| $10.1M | 1.85% |
47,621
| – | – |
|
|
13
Ford
F
$55.7B
| $9.72M | 1.78% |
575,000
+50,000
| +10% | +$951K |
|
14
Berkshire Hathaway Class B
BRK.B
$1.13T
| $9.35M | 1.71% |
26,500
| – | – |
|
15
Costco
COST
$420B
| $8.18M | 1.49% |
14,200
| – | – |
|
16
JPMorgan Chase
JPM
$950B
| $8.02M | 1.47% |
58,800
| – | – |
|
17
First Horizon
FHN
$12.1B
| $7.05M | 1.29% |
300,000
| – | – |
|
18
Visa
V
$677B
| $6.61M | 1.21% |
29,800
| – | – |
|
19
Pfizer
PFE
$153B
| $6.46M | 1.18% |
124,729
| – | – |
|
20
Union Pacific
UNP
$174B
| $6.28M | 1.15% |
23,000
| – | – |
|
21
Oracle
ORCL
$423B
| $5.71M | 1.04% |
69,000
| – | – |
|
22
Amgen
AMGN
$222B
| $5.48M | 1% |
22,671
| – | – |
|
23
Walmart Inc
WMT
$890B
| $5.42M | 0.99% |
109,200
| – | – |
|
|
24
GE Aerospace
GE
$384B
| $5.22M | 0.95% |
91,550
+24,077
| +36% | +$1.44M |
|
|
X
25
DELISTED
US Steel
X
| $5.2M | 0.95% |
137,700
-100,000
| -42% | -$2.71M |
|
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Gifford Fong Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Gifford Fong Associates held 139 positions worth $547M, down 4.3% from $572M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Trading was light in Q1 2022: portfolio turnover was 0.72%. Gifford Fong Associates opened no new positions and exited 1, leaving the 139-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates added most to Advanced Micro Devices in Q1 2022, an estimated $2.22M increase.
- Gifford Fong Associates's biggest Q1 2022 reduction was US Steel, cutting an estimated $2.71M.
- Gifford Fong Associates fully exited Xilinx Inc in Q1 2022, selling an estimated $1.06M.
- Gifford Fong Associates's ten largest holdings make up 46% of its $547M portfolio in Q1 2022.
- Gifford Fong Associates opened 0 new positions and closed 1 in Q1 2022.
- Gifford Fong Associates's portfolio value fell 4.3% quarter-over-quarter to $547M.
Based on Gifford Fong Associates's 13F filing for Q1 2022, filed 12 May 2022.