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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
+16.09%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$380M
AUM Growth
-$56.3M
Cap. Flow
-$98.9M
Cap. Flow %
-26.04%
Top 10 Hldgs %
36.23%
Holding
141
New
2
Increased
1
Reduced
21
Closed
–

Top Buys

Rank Stock Value
1
GEHC icon
GE HealthCare
GEHC
+$1.36M
2
OXY icon
Occidental Petroleum
OXY
+$621K
3
PXD
Pioneer Natural Resource Co.
PXD
+$322K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$15.1M
2
NVDA icon
NVIDIA
NVDA
+$14.1M
3
MSFT icon
Microsoft
MSFT
+$8.99M
4
AMZN icon
Amazon
AMZN
+$8.64M
5
BAC icon
Bank of America
BAC
+$7.32M

Sector Composition

Rank Sector Weight
1 Technology 30.06%
2 Financials 18.78%
3 Healthcare 12.48%
4 Communication Services 9.82%
5 Industrials 9.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.34T
$35.4M 9.32%
1,274,140
-651,580
-34% -$14.1M
AAPL icon
2
Apple
AAPL
$4.48T
$25.3M 6.67%
153,670
-102,330
-40% -$15.1M
MSFT icon
3
Microsoft
MSFT
$3.81T
$15.3M 4.02%
52,925
-35,243
-40% -$8.99M
AMZN icon
4
Amazon
AMZN
$3T
$14.9M 3.92%
144,269
-89,411
-38% -$8.64M
BAC icon
5
Bank of America
BAC
$446B
$9.52M 2.51%
332,901
-221,681
-40% -$7.32M
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.35T
$8.81M 2.32%
84,696
-30,444
-26% -$2.94M
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.15T
$8.18M 2.15%
26,500
– –
MA icon
8
Mastercard
MA
$492B
$7.42M 1.95%
20,409
-13,591
-40% -$4.94M
ORCL icon
9
Oracle
ORCL
$431B
$6.41M 1.69%
69,000
– –
AMD icon
10
Advanced Micro Devices
AMD
$779B
$6.37M 1.68%
64,962
-43,259
-40% -$3.52M
UNH icon
11
UnitedHealth
UNH
$372B
$6.24M 1.64%
13,206
-8,794
-40% -$4.24M
DIS icon
12
Walt Disney
DIS
$178B
$6.01M 1.58%
60,039
-39,981
-40% -$4.03M
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4.37T
$5.92M 1.56%
57,026
-37,974
-40% -$3.64M
CRM icon
14
Salesforce
CRM
$159B
$5.71M 1.5%
28,586
-19,035
-40% -$3.22M
LLY icon
15
Eli Lilly
LLY
$1.08T
$5.53M 1.46%
16,100
– –
GE icon
16
GE Aerospace
GE
$383B
$5.45M 1.44%
71,467
-20,083
-22% -$1.34M
META icon
17
Meta Platforms (Facebook)
META
$1.54T
$4.77M 1.26%
22,500
– –
UNP icon
18
Union Pacific
UNP
$174B
$4.63M 1.22%
23,000
– –
JPM icon
19
JPMorgan Chase
JPM
$952B
$4.6M 1.21%
35,296
-23,504
-40% -$3.22M
PFE icon
20
Pfizer
PFE
$153B
$4.55M 1.2%
111,527
-13,202
-11% -$570K
JNJ icon
21
Johnson & Johnson
JNJ
$626B
$4.48M 1.18%
28,900
– –
ABBV icon
22
AbbVie
ABBV
$434B
$4.45M 1.17%
27,900
– –
MRO
23
DELISTED
Marathon Oil Corporation
MRO
$4.43M 1.17%
184,728
– –
EMR icon
24
Emerson Electric
EMR
$88.3B
$4.36M 1.15%
50,000
– –
F icon
25
Ford
F
$55.2B
$4.35M 1.15%
345,157
-229,843
-40% -$2.88M
1
2 3 4 5

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Gifford Fong Associates's Q1 2023 Portfolio in Review

As of Q1 2023, Gifford Fong Associates held 141 positions worth $380M, down 13% from $436M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Gifford Fong Associates withdrew a net $98.9M in Q1 2023, reducing 21 holdings. Its largest reduction was Apple, cutting an estimated $15.1M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Gifford Fong Associates opened a new position in GE HealthCare worth $1.56M.

  • Gifford Fong Associates's largest Q1 2023 buy was GE HealthCare: 19,012 shares worth $1.56M.
  • Gifford Fong Associates added most to Occidental Petroleum in Q1 2023, an estimated $621K increase.
  • Gifford Fong Associates's biggest Q1 2023 reduction was Apple, cutting an estimated $15.1M.
  • Gifford Fong Associates's ten largest holdings make up 36% of its $380M portfolio in Q1 2023.
  • Gifford Fong Associates opened 2 new positions and closed 0 in Q1 2023.
  • Gifford Fong Associates's portfolio value fell 13% quarter-over-quarter to $380M.

Based on Gifford Fong Associates's 13F filing for Q1 2023, filed 10 May 2023.