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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
+14.27%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$426M
AUM Growth
+$46.2M
(+12%)
Cap. Flow
+$2.61M
Cap. Flow
% of AUM
0.61%
Top 10 Holdings %
Top 10 Hldgs %
40.81%
Holding
141
New
–
Increased
4
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco
IVZ
|
+$724K |
| 2 |
Bank of America
BAC
|
+$713K |
| 3 |
Franklin Resources
BEN
|
+$646K |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$526K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.88% |
| 2 | Financials | 17.78% |
| 3 | Healthcare | 11.31% |
| 4 | Communication Services | 9.46% |
| 5 | Consumer Discretionary | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.42T
| $53.9M | 12.65% |
1,274,140
| – | – |
|
2
Apple
AAPL
$4.57T
| $29.8M | 7% |
153,670
| – | – |
|
3
Amazon
AMZN
$2.96T
| $18.8M | 4.41% |
144,269
| – | – |
|
4
Microsoft
MSFT
$3.71T
| $18M | 4.23% |
52,925
| – | – |
|
|
5
Bank of America
BAC
$442B
| $10.3M | 2.41% |
357,901
+25,000
| +8% | +$713K |
|
6
Alphabet (Google) Class C
GOOG
$4.32T
| $10.2M | 2.41% |
84,696
| – | – |
|
7
Berkshire Hathaway Class B
BRK.B
$1.13T
| $9.04M | 2.12% |
26,500
| – | – |
|
8
Oracle
ORCL
$423B
| $8.22M | 1.93% |
69,000
| – | – |
|
9
Mastercard
MA
$493B
| $8.03M | 1.88% |
20,409
| – | – |
|
10
Eli Lilly
LLY
$1.06T
| $7.55M | 1.77% |
16,100
| – | – |
|
11
Advanced Micro Devices
AMD
$789B
| $7.4M | 1.74% |
64,962
| – | – |
|
|
12
Alphabet (Google) Class A
GOOGL
$4.33T
| $6.83M | 1.6% |
57,026
| – | – |
|
13
Meta Platforms (Facebook)
META
$1.51T
| $6.46M | 1.52% |
22,500
| – | – |
|
14
UnitedHealth
UNH
$370B
| $6.35M | 1.49% |
13,206
| – | – |
|
15
GE Aerospace
GE
$384B
| $6.27M | 1.47% |
71,467
| – | – |
|
16
Salesforce
CRM
$158B
| $6.04M | 1.42% |
28,586
| – | – |
|
17
Walt Disney
DIS
$181B
| $5.36M | 1.26% |
60,039
| – | – |
|
18
Ford
F
$55.7B
| $5.22M | 1.23% |
345,157
| – | – |
|
19
JPMorgan Chase
JPM
$950B
| $5.13M | 1.2% |
35,296
| – | – |
|
20
Johnson & Johnson
JNJ
$625B
| $4.78M | 1.12% |
28,900
| – | – |
|
21
Union Pacific
UNP
$174B
| $4.71M | 1.1% |
23,000
| – | – |
|
22
Costco
COST
$420B
| $4.59M | 1.08% |
8,524
| – | – |
|
23
Shopify
SHOP
$195B
| $4.52M | 1.06% |
70,000
| – | – |
|
24
Emerson Electric
EMR
$88.3B
| $4.52M | 1.06% |
50,000
| – | – |
|
25
Synchrony
SYF
$25.6B
| $4.48M | 1.05% |
132,073
| – | – |
|
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Gifford Fong Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Gifford Fong Associates held 141 positions worth $426M, up 12% from $380M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 0%. Gifford Fong Associates opened no new positions and made no exits, leaving the 141-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 30% a quarter earlier, followed by Financials and Healthcare.
- Gifford Fong Associates added most to Invesco in Q2 2023, an estimated $724K increase.
- Gifford Fong Associates's ten largest holdings make up 41% of its $426M portfolio in Q2 2023.
- Gifford Fong Associates opened 0 new positions and closed 0 in Q2 2023.
- Gifford Fong Associates's portfolio value rose 12% quarter-over-quarter to $426M.
Based on Gifford Fong Associates's 13F filing for Q2 2023, filed 14 Aug 2023.