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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
+13.22%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$470M
AUM Growth
+$52M
Cap. Flow
+$1.83M
Cap. Flow %
0.39%
Top 10 Hldgs %
41.61%
Holding
141
New
–
Increased
1
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$2.34M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$509K

Sector Composition

Rank Sector Weight
1 Technology 34.37%
2 Financials 18.36%
3 Healthcare 10.6%
4 Communication Services 9.58%
5 Industrials 8.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.42T
$63.1M 13.42%
1,274,140
– –
AAPL icon
2
Apple
AAPL
$4.57T
$29.6M 6.29%
153,670
– –
AMZN icon
3
Amazon
AMZN
$2.96T
$21.9M 4.66%
144,269
– –
MSFT icon
4
Microsoft
MSFT
$3.71T
$19.9M 4.23%
52,925
– –
BAC icon
5
Bank of America
BAC
$442B
$12.1M 2.56%
357,901
– –
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.32T
$11.9M 2.54%
84,696
– –
AMD icon
7
Advanced Micro Devices
AMD
$789B
$9.58M 2.04%
64,962
– –
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.13T
$9.45M 2.01%
26,500
– –
LLY icon
9
Eli Lilly
LLY
$1.06T
$9.38M 2%
16,100
– –
MA icon
10
Mastercard
MA
$493B
$8.71M 1.85%
20,409
– –
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.33T
$7.97M 1.69%
57,026
– –
META icon
12
Meta Platforms (Facebook)
META
$1.51T
$7.96M 1.69%
22,500
– –
CRM icon
13
Salesforce
CRM
$158B
$7.52M 1.6%
28,586
– –
GE icon
14
GE Aerospace
GE
$384B
$7.28M 1.55%
71,467
– –
ORCL icon
15
Oracle
ORCL
$423B
$7.28M 1.55%
69,000
– –
UNH icon
16
UnitedHealth
UNH
$370B
$6.95M 1.48%
13,206
– –
INTC icon
17
Intel
INTC
$513B
$6.41M 1.36%
127,628
– –
JPM icon
18
JPMorgan Chase
JPM
$950B
$6M 1.28%
35,296
– –
UNP icon
19
Union Pacific
UNP
$174B
$5.65M 1.2%
23,000
– –
COST icon
20
Costco
COST
$420B
$5.63M 1.2%
8,524
– –
SHOP icon
21
Shopify
SHOP
$195B
$5.45M 1.16%
70,000
– –
DIS icon
22
Walt Disney
DIS
$181B
$5.42M 1.15%
60,039
– –
SYF icon
23
Synchrony
SYF
$25.6B
$5.04M 1.07%
132,073
– –
BA icon
24
Boeing
BA
$185B
$4.88M 1.04%
18,710
– –
EMR icon
25
Emerson Electric
EMR
$88.3B
$4.87M 1.04%
50,000
– –
1
2 3 4 5

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Gifford Fong Associates's Q4 2023 Portfolio in Review

As of Q4 2023, Gifford Fong Associates held 141 positions worth $470M, up 12% from $418M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 0.71%. Gifford Fong Associates opened no new positions and exited 1, leaving the 141-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 33% a quarter earlier, followed by Financials and Healthcare.

  • Gifford Fong Associates added most to Pioneer Natural Resource Co. in Q4 2023, an estimated $2.34M increase.
  • Gifford Fong Associates fully exited VMware, Inc in Q4 2023, selling an estimated $509K.
  • Gifford Fong Associates's ten largest holdings make up 42% of its $470M portfolio in Q4 2023.
  • Gifford Fong Associates opened 0 new positions and closed 1 in Q4 2023.
  • Gifford Fong Associates's portfolio value rose 12% quarter-over-quarter to $470M.

Based on Gifford Fong Associates's 13F filing for Q4 2023, filed 7 Feb 2024.