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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
+5.73%
1 Year Est. Return
+32.77%
3 Year Est. Return
+180.45%
5 Year Est. Return
+217.25%
10 Year Est. Return
–
AUM
$377M
AUM Growth
+$14.8M
(+4.1%)
Cap. Flow
+$1.85M
Cap. Flow
% of AUM
0.49%
Top 10 Holdings %
Top 10 Hldgs %
39.48%
Holding
129
New
2
Increased
2
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$3.79M |
| 2 |
Franklin Resources
BEN
|
+$1.81M |
| 3 |
GE Vernova
GEV
|
+$1.52M |
| 4 |
Solventum
SOLV
|
+$148K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$3.67M |
| 2 |
GE Aerospace
GE
|
+$1.55M |
| 3 |
3M
MMM
|
+$186K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.82% |
| 2 | Financials | 21.05% |
| 3 | Communication Services | 10.87% |
| 4 | Consumer Discretionary | 8.84% |
| 5 | Healthcare | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.42T
| $45.2M | 11.97% |
365,710
| – | – |
|
2
Amazon
AMZN
$2.96T
| $18.7M | 4.96% |
96,793
| – | – |
|
3
Apple
AAPL
$4.57T
| $17.1M | 4.53% |
81,169
| – | – |
|
4
Microsoft
MSFT
$3.71T
| $15.3M | 4.06% |
34,302
| – | – |
|
5
Meta Platforms (Facebook)
META
$1.51T
| $11.3M | 3.01% |
22,500
| – | – |
|
6
Berkshire Hathaway Class B
BRK.B
$1.13T
| $10.8M | 2.86% |
26,500
| – | – |
|
7
Alphabet (Google) Class C
GOOG
$4.32T
| $8.45M | 2.24% |
46,055
| – | – |
|
8
Advanced Micro Devices
AMD
$789B
| $7.84M | 2.08% |
48,318
| – | – |
|
|
9
ExxonMobil
XOM
$634B
| $7.14M | 1.89% |
62,066
+32,527
| +110% | +$3.79M |
|
10
JPMorgan Chase
JPM
$950B
| $7.14M | 1.89% |
35,296
| – | – |
|
11
Synchrony
SYF
$25.6B
| $6.23M | 1.65% |
132,073
| – | – |
|
|
12
GE Aerospace
GE
$384B
| $6.09M | 1.61% |
38,301
-9,690
| -20% | -$1.55M |
|
|
13
Alphabet (Google) Class A
GOOGL
$4.33T
| $5.67M | 1.5% |
31,140
| – | – |
|
14
Oracle
ORCL
$423B
| $5.26M | 1.39% |
37,250
| – | – |
|
15
Wells Fargo
WFC
$264B
| $5.23M | 1.39% |
88,052
| – | – |
|
16
Mastercard
MA
$493B
| $5.22M | 1.38% |
11,829
| – | – |
|
17
AbbVie
ABBV
$435B
| $4.79M | 1.27% |
27,900
| – | – |
|
18
Salesforce
CRM
$158B
| $4.63M | 1.23% |
18,009
| – | – |
|
19
Shopify
SHOP
$195B
| $4.62M | 1.23% |
70,000
| – | – |
|
20
Visa
V
$677B
| $4.56M | 1.21% |
17,375
| – | – |
|
21
Walmart Inc
WMT
$890B
| $4.44M | 1.18% |
65,550
| – | – |
|
22
Ford
F
$55.7B
| $4.33M | 1.15% |
345,157
| – | – |
|
23
Costco
COST
$420B
| $4.26M | 1.13% |
5,016
| – | – |
|
24
Amgen
AMGN
$222B
| $4.25M | 1.13% |
13,609
| – | – |
|
25
Johnson & Johnson
JNJ
$625B
| $4.22M | 1.12% |
28,900
| – | – |
|
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Gifford Fong Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Gifford Fong Associates held 129 positions worth $377M, up 4.1% from $363M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q2 2024: portfolio turnover was 2.3%. Gifford Fong Associates opened 2 new positions and exited 1, leaving the 129-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.
- Gifford Fong Associates's largest Q2 2024 buy was GE Vernova: 9,575 shares worth $1.64M.
- Gifford Fong Associates added most to ExxonMobil in Q2 2024, an estimated $3.79M increase.
- Gifford Fong Associates's biggest Q2 2024 reduction was GE Aerospace, cutting an estimated $1.55M.
- Gifford Fong Associates fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $3.67M.
- Gifford Fong Associates's ten largest holdings make up 39% of its $377M portfolio in Q2 2024.
- Gifford Fong Associates opened 2 new positions and closed 1 in Q2 2024.
- Gifford Fong Associates's portfolio value rose 4.1% quarter-over-quarter to $377M.
Based on Gifford Fong Associates's 13F filing for Q2 2024, filed 12 Aug 2024.