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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
-18.78%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$429M
AUM Growth
-$118M
(-22%)
Cap. Flow
-$1.55M
Cap. Flow
% of AUM
-0.36%
Top 10 Holdings %
Top 10 Hldgs %
42.47%
Holding
139
New
1
Increased
2
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$1.08M |
| 2 |
Warner Bros
WBD
|
+$645K |
| 3 |
Franklin Resources
BEN
|
+$384K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
X
US Steel
X
|
+$2.73M |
| 2 |
AT&T
T
|
+$928K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.07% |
| 2 | Financials | 21.05% |
| 3 | Healthcare | 12.76% |
| 4 | Communication Services | 11.21% |
| 5 | Consumer Discretionary | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.57T
| $35M | 8.16% |
256,000
| – | – |
|
2
NVIDIA
NVDA
$5.42T
| $29.2M | 6.8% |
1,925,720
| – | – |
|
3
Amazon
AMZN
$2.96T
| $23.8M | 5.54% |
223,680
| – | – |
|
4
Microsoft
MSFT
$3.71T
| $22.6M | 5.28% |
88,168
| – | – |
|
5
Bank of America
BAC
$442B
| $17.3M | 4.02% |
554,582
| – | – |
|
6
Alphabet (Google) Class C
GOOG
$4.32T
| $12.6M | 2.93% |
115,140
| – | – |
|
7
UnitedHealth
UNH
$370B
| $11.3M | 2.63% |
22,000
| – | – |
|
8
Mastercard
MA
$493B
| $10.7M | 2.5% |
34,000
| – | – |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.33T
| $10.4M | 2.41% |
95,000
| – | – |
|
10
Walt Disney
DIS
$181B
| $9.44M | 2.2% |
100,020
| – | – |
|
11
Advanced Micro Devices
AMD
$789B
| $8.28M | 1.93% |
108,221
| – | – |
|
12
Salesforce
CRM
$158B
| $7.86M | 1.83% |
47,621
| – | – |
|
13
Berkshire Hathaway Class B
BRK.B
$1.13T
| $7.24M | 1.69% |
26,500
| – | – |
|
14
Costco
COST
$420B
| $6.81M | 1.59% |
14,200
| – | – |
|
15
JPMorgan Chase
JPM
$950B
| $6.62M | 1.54% |
58,800
| – | – |
|
16
First Horizon
FHN
$12.1B
| $6.56M | 1.53% |
300,000
| – | – |
|
17
Pfizer
PFE
$153B
| $6.54M | 1.52% |
124,729
| – | – |
|
18
Ford
F
$55.7B
| $6.4M | 1.49% |
575,000
| – | – |
|
19
Visa
V
$677B
| $5.87M | 1.37% |
29,800
| – | – |
|
20
Amgen
AMGN
$222B
| $5.52M | 1.29% |
22,671
| – | – |
|
21
Eli Lilly
LLY
$1.06T
| $5.22M | 1.22% |
16,100
| – | – |
|
22
Johnson & Johnson
JNJ
$625B
| $5.13M | 1.2% |
28,900
| – | – |
|
23
Union Pacific
UNP
$174B
| $4.91M | 1.14% |
23,000
| – | – |
|
24
Oracle
ORCL
$423B
| $4.82M | 1.12% |
69,000
| – | – |
|
25
Walmart Inc
WMT
$890B
| $4.43M | 1.03% |
109,200
| – | – |
|
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Gifford Fong Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Gifford Fong Associates held 139 positions worth $429M, down 22% from $547M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q2 2022: portfolio turnover was 0.72%. Gifford Fong Associates opened 1 new position and made no exits, leaving the 139-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q2 2022 buy was Warner Bros: 34,760 shares worth $466K.
- Gifford Fong Associates added most to Intel in Q2 2022, an estimated $1.08M increase.
- Gifford Fong Associates's biggest Q2 2022 reduction was US Steel, cutting an estimated $2.73M.
- Gifford Fong Associates's ten largest holdings make up 42% of its $429M portfolio in Q2 2022.
- Gifford Fong Associates opened 1 new position and closed 0 in Q2 2022.
- Gifford Fong Associates's portfolio value fell 22% quarter-over-quarter to $429M.
Based on Gifford Fong Associates's 13F filing for Q2 2022, filed 11 Aug 2022.