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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
-5.74%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$404M
AUM Growth
-$24.9M
(-5.8%)
Cap. Flow
+$4.27M
Cap. Flow
% of AUM
1.06%
Top 10 Holdings %
Top 10 Hldgs %
42.46%
Holding
140
New
1
Increased
3
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$1.7M |
| 2 |
Verizon
VZ
|
+$1.11M |
| 3 |
Lumen
LUMN
|
+$1.02M |
| 4 |
Manulife Financial
MFC
|
+$439K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.98% |
| 2 | Financials | 21.39% |
| 3 | Healthcare | 12.71% |
| 4 | Communication Services | 10.77% |
| 5 | Consumer Discretionary | 10.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.57T
| $35.4M | 8.75% |
256,000
| – | – |
|
2
Amazon
AMZN
$2.96T
| $25.3M | 6.25% |
223,680
| – | – |
|
3
NVIDIA
NVDA
$5.42T
| $23.4M | 5.78% |
1,925,720
| – | – |
|
4
Microsoft
MSFT
$3.71T
| $20.5M | 5.08% |
88,168
| – | – |
|
5
Bank of America
BAC
$442B
| $16.7M | 4.14% |
554,582
| – | – |
|
6
UnitedHealth
UNH
$370B
| $11.1M | 2.75% |
22,000
| – | – |
|
7
Alphabet (Google) Class C
GOOG
$4.32T
| $11.1M | 2.74% |
115,140
| – | – |
|
8
Mastercard
MA
$493B
| $9.67M | 2.39% |
34,000
| – | – |
|
9
Walt Disney
DIS
$181B
| $9.44M | 2.33% |
100,020
| – | – |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.33T
| $9.09M | 2.25% |
95,000
| – | – |
|
11
Berkshire Hathaway Class B
BRK.B
$1.13T
| $7.08M | 1.75% |
26,500
| – | – |
|
12
First Horizon
FHN
$12.1B
| $6.87M | 1.7% |
300,000
| – | – |
|
13
Advanced Micro Devices
AMD
$789B
| $6.86M | 1.7% |
108,221
| – | – |
|
14
Salesforce
CRM
$158B
| $6.85M | 1.69% |
47,621
| – | – |
|
15
Costco
COST
$420B
| $6.71M | 1.66% |
14,200
| – | – |
|
16
Ford
F
$55.7B
| $6.44M | 1.59% |
575,000
| – | – |
|
17
JPMorgan Chase
JPM
$950B
| $6.14M | 1.52% |
58,800
| – | – |
|
18
Pfizer
PFE
$153B
| $5.46M | 1.35% |
124,729
| – | – |
|
19
Visa
V
$677B
| $5.29M | 1.31% |
29,800
| – | – |
|
20
Eli Lilly
LLY
$1.06T
| $5.21M | 1.29% |
16,100
| – | – |
|
21
Amgen
AMGN
$222B
| $5.11M | 1.26% |
22,671
| – | – |
|
22
Johnson & Johnson
JNJ
$625B
| $4.72M | 1.17% |
28,900
| – | – |
|
23
Walmart Inc
WMT
$890B
| $4.72M | 1.17% |
109,200
| – | – |
|
24
Union Pacific
UNP
$174B
| $4.48M | 1.11% |
23,000
| – | – |
|
25
Oracle
ORCL
$423B
| $4.21M | 1.04% |
69,000
| – | – |
|
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Gifford Fong Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Gifford Fong Associates held 140 positions worth $404M, down 5.8% from $429M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 0.71%. Gifford Fong Associates opened 1 new position and made no exits, leaving the 140-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates's largest Q3 2022 buy was Manulife Financial: 25,000 shares worth $392K.
- Gifford Fong Associates added most to Intel in Q3 2022, an estimated $1.7M increase.
- Gifford Fong Associates's ten largest holdings make up 42% of its $404M portfolio in Q3 2022.
- Gifford Fong Associates opened 1 new position and closed 0 in Q3 2022.
- Gifford Fong Associates's portfolio value fell 5.8% quarter-over-quarter to $404M.
Based on Gifford Fong Associates's 13F filing for Q3 2022, filed 15 Nov 2022.